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David at Imperial Beach  

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  • Brief And Transient GLD Spike On 'Audit The Fed' Controversy [View article]
    The Fed wants to maintain the illusion that they are independent of Congress as long as possible, and thus capable of maintaining the value of the dollar. But when the dollar has already lost 98% of its value since the founding of the Fed, that illusion is already pretty non-existent.
    Mar 5, 2015. 01:35 PM | 5 Likes Like |Link to Comment
  • Brief And Transient GLD Spike On 'Audit The Fed' Controversy [View article]
    Vatican appointed an "auditor-general" last year. He has the power to audit any Vatican organization he wants to at any time: http://reut.rs/1wJLLD9 I don't expect those audits to be published on the Vatican's website any time soon though.
    Mar 5, 2015. 01:30 PM | Likes Like |Link to Comment
  • High Demand For Ford's New F-150 Makes The Company A Buy At Current Prices [View article]
    It's an odd argument to make: Ford, a company with an entire fleet of vehicular offerings, is recommended on the basis of one (1) new offering that is expected to be popular. I could add that the new Mustang, too, is expected to be popular. Even two models does not necessarily result in outperformance for an auto company's stock. Looking at the competition and the economic speed bumps ahead internationally, and looking at Ford's past performance, I'd say that F is fairly priced and doesn't have a lot of upside potential unless we see substantial improvements in the global economy, which is not yet on the horizon despite the best efforts of the world's central banks.
    Mar 5, 2015. 01:10 PM | 3 Likes Like |Link to Comment
  • Tesla Motors adding staff to storage business unit [View news story]
    Lucky you, jerry-j. In the area of San Jose that I lived in power outages were at least a yearly event, and often there were multiple outages per year. In summer a transformer would be almost guaranteed to blow some hot summer day, and in winter there was always the danger of power lines being brought down by high winds and other storm-related damage. And my bill was usually over $100 per month as well, even though I'm a very frugal energy consumer.
    Mar 5, 2015. 11:53 AM | 3 Likes Like |Link to Comment
  • Tesla Motors adding staff to storage business unit [View news story]
    Why would they need to add people for battery swap stations? Swapping is completely automated.
    Mar 5, 2015. 11:40 AM | Likes Like |Link to Comment
  • Tesla: Debt Growth Chief Among Its Demons [View article]
    They didn't. Author has his number wrong. The correct number was $2.3B, of which $1.9B remains unspent. Potential shorts need to do their due diligence. The company recently made retooling investments in their Fremont factory to handle greater numbers of vehicles and to produce the X, the dual drive S versions, and later the 3. The company also continues to add supercharging stations and service centers and to stock the service centers with more spare parts. All of these expansionary expenditures will enable the company to satisfy higher levels of demand and grow the company in future quarters. Shorting the company even before they become demand constrained is way too premature.
    Mar 5, 2015. 11:37 AM | 4 Likes Like |Link to Comment
  • Tesla: Debt Growth Chief Among Its Demons [View article]
    Where are the numbers in the article to back up the author's claims? The author claims cash flow is a problem for Tesla. I don't see any cash flow numbers documenting the extent of this alleged problem. One number the article does include is wrong. Tesla raised $2.3B in convertible bonds, not $1.6B. And with most ($1.9B) of that money left in the bank, it's not been spent on other things as TFTF alleges.

    Those of us who follow Tesla closely can clearly see that the company is spending money about as fast as it is earning it and this is according to plan. Within bounds, this is perfectly normal and acceptable for a company with such tremendous growth potential. The company currently anticipates no need to raise additional funding for at least the next year or two. By then the X and the P85D will be selling well and the 3 will be starting production.
    Mar 5, 2015. 11:16 AM | 7 Likes Like |Link to Comment
  • Why The Next Stock Market Collapse Won't Be A 'Black Swan' [View article]
    Was buggy whip manufacturing really a capital intensive industry? I think not. Your argument is yet another variation on "it's different this time." Of course it's not. Bubbles always pop. Always.
    Feb 20, 2015. 05:59 PM | 2 Likes Like |Link to Comment
  • Why The Next Stock Market Collapse Won't Be A 'Black Swan' [View article]
    The Fed pursued a very easy money policy leading up to the 1929 crash, which is why the decade was called the "Roaring '20s".
    Feb 20, 2015. 05:51 PM | Likes Like |Link to Comment
  • Apple's Dirty Little Rare Earth Secret [View article]
    Tesla has made a concerted effort to avoid any use of REEs. Apple obviously has not.
    Feb 20, 2015. 04:03 PM | Likes Like |Link to Comment
  • Tesla: Bonfire Of The Money Printers' Vanities [View article]
    Just possibly the most unfair article about Tesla I've ever seen on Seeking Alpha. I normally feel that David Stockman's venom is well-directed and well-deserved. But in this case he aimed for the Fed and hit an innocent party.
    Feb 20, 2015. 03:28 PM | 8 Likes Like |Link to Comment
  • Ford Vs. Tesla [View article]
    EVs do not burn coal. They consume electric power generated from any source, including renewables as well as coal and other fossil fuels. Get back to me when your existing ICE vehicle can take advantage of new wind power installations and new solar power panels. EV energy consumption is so efficient that they consume less electrical power than it takes to refine a tank of gasoline.
    Feb 19, 2015. 08:19 PM | 4 Likes Like |Link to Comment
  • Ford Vs. Tesla [View article]
    Henry Ford did not invent the V8 engine. That was a Cadillac first.
    Feb 19, 2015. 08:12 PM | 2 Likes Like |Link to Comment
  • Ford Vs. Tesla [View article]
    Remote start is not the same as being able to warm the interior and the engine with house current. You were using gasoline, and reducing your range accordingly.
    Feb 19, 2015. 08:10 PM | 3 Likes Like |Link to Comment
  • Early numbers on Gigafactory costs start to come in [View news story]
    Actually, we do have a very good idea of what Tesla's inventory includes. Tesla has inventory in three categories: 1) work in progress, 2) completed vehicles either in shipment to customers or being used as demo units and loaners, and 3) parts in stock at service centers. It would be surprising if inventories did not increase drastically over the last year. The number of service centers increased, the number of vehicles being shipped overseas increased, and production capacity was increased. It would be nice if the company would break out the above categories in its letter to shareholders, but to say that we don't know what the lump sum of $953,675,000 for cy2014 consists of is disingenuous.
    Feb 19, 2015. 07:41 PM | 3 Likes Like |Link to Comment
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