Technology

House of cards

Those crazy margins lasted for like 2 quarters until it was revealed that one of the main ways they managed it was severely under allocating warranty. It was a neat trick, until vehicles actually started to come back with warranty claims and they realized they literally make the least reliable and most expensive to repair cars on the market. IIRC they were allocating like 1/3 of what Toyota does per-vehicle, which is absolutely insane given the kind of vehicles they make. Hence why they became insanely stingy with warranty claims, and you saw tons of in-warranty repairs being allocated to "goodwill" which is a distinctly different pool from warranty allocation.

The entire company is built on fraud and shell-games with SpaceX/Starlink/Boring Co. and Musk has straight up admitted as much. No one gives a shit and a judge literally ruled he's allowed to do it because line go up.

I can rant for hours about all the insanely sketchy stuff they've done solely for a one quarter boost, and plenty of other stuff where their cost-cutting directly resulted in loss of life.

The big change is Chinese EVs coming into Canada. Tesla sales tanked after Heil Hitler but it's only a matter of time before they enter the US. Tesla only made money for years selling carbon credits.

Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or "meme stocks". If a company increases profits, but less than expected, their stock usually drop despite increased profit. It's because value is tied to actual results vs. expected results on the short term.

Stock price went from $430 to $450.

Fucking stocks are like gambling. There's no rhyme or reason to them.

It's simple in its principal, really..

• you have multiple companies
• one company (A) have some supply for some product
• on the other company (B), you create demand for that product (i.e. for its operation)
• thus, under your control, you make company A and B enter a trade agreement
• as someone who brokered that deal, you get rewarded (e.g. from brokerage fee, or commision)
• sometimes, by having a massive increase in sales, the stock for company A would increase, thus you can sell a little bit of it, which you can later buy back after the stock price goes back down
• profit

Some facts:

• even though they're your companies, you are a separate entity from them, and they are each its own entity
• the money comes from the investors as well as profit, remember that they are separate
• no, you cannot just take all the companies' money, since even though they're yours, there are corporate structures and other people at stake preventing that

So you basically come up with some excuse for moving stuff around, then you come up with some excuse to siphon off some of that good stuff.

He’s Elizabeth Holmes on a global scale. He grifts money from the governments

It's slid 8% over the last month. But at a 282 p/e, it could lose 90% and still be overvalued.

Way too many, fuck that Nazi and his shit company

A lot of people are too alienated from everything, or can't make relationships between brands and what's behind them, because everything not directly visible in front of us is too abstract for them, and there's those who are like "all brands are terrible, it won't make any difference anyway". Well, and there's the nazi sympathizers...

He did not get $1T. The milestones he has to reach to see that number have already failed.

Tesla Motors is a fail, now Tesla robots are going to make a profit even though they have never revealed a working prototype?