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Tesla Motors (TSLA) CEO Elon Musk sees the automaker selling 200K units per year within three or...

Tesla Motors (TSLA) CEO Elon Musk sees the automaker selling 200K units per year within three or four years, according to Germany's Auto Motor & Sport magazine. TSLA +1.6% premarket.
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Comments (12)
  • uscpaul
    , contributor
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    It will actually (probably) be more than that. Elon always seems to underestimate.
    26 Jun 2013, 09:33 AM Reply Like
  • wigit5
    , contributor
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    "actually (probably)..." you sir... have a way with words
    26 Jun 2013, 10:03 AM Reply Like
  • uscpaul
    , contributor
    Comments (41) | Send Message
     
    This will help Tesla sell even more cars. It is from an article in Newsobserver.com as written by Bruce Siceloff.

     

    RALEIGH — Without mentioning the California carmaker by name, a House committee pulled the plug Tuesday on a campaign by the state’s automobile dealers to block sales in North Carolina of the electric-powered Tesla.

     

    Read more here: http://bit.ly/18gb6ae
    26 Jun 2013, 11:21 AM Reply Like
  • BogusRogus
    , contributor
    Comments (144) | Send Message
     
    Wow this is a big deal. This was my only concern at this point (valuation, to the bane of Barrons and others, was not...). This could pop the stock a bit short term.
    26 Jun 2013, 12:57 PM Reply Like
  • JackB125
    , contributor
    Comments (364) | Send Message
     
    @uscpaul, Thank you for the excellent news! Hopefully other state legislatures will show the same integrity. Or even better, federal legislation to repeal the economically poisonous state auto franchise laws.
    26 Jun 2013, 01:00 PM Reply Like
  • Agnes59
    , contributor
    Comments (435) | Send Message
     
    I'm glad Legislators heard the voices of consern consumers. This is a giant leap for TSLA to move forward. Next, Texas.
    26 Jun 2013, 01:33 PM Reply Like
  • Esekla
    , contributor
    Comments (3970) | Send Message
     
    They'll have to sell more than that, and actually start making money on the cars, in order to justify the current stock price. Maybe he can just keeping tweeting for 3 years to prolong the short squeeze? I doubt it, there are better options out there:

     

    http://seekingalpha.co...
    26 Jun 2013, 01:36 PM Reply Like
  • Agnes59
    , contributor
    Comments (435) | Send Message
     
    @Esekla Stocks is doing just fine, I heard they're building 100 unit perday one shift. Its not hard to add on 2nd shift.
    26 Jun 2013, 01:43 PM Reply Like
  • Cassina Tarsia
    , contributor
    Comments (666) | Send Message
     
    Esekia ... I think that we are long out of the short squeeze by now - the momentum now may actually be because people realize that Tesla may have something with its quality electric car, with more and better yet to come. The other carmakers are really at a loss to produce real competition until they can figure out how to make a car with a reasonable range at a reasonable cost ... since the only real research out there - with all their patents - is with Tesla. Maybe they will pay Tesla sizeable royalties so that they can make a start ...
    27 Jun 2013, 10:57 AM Reply Like
  • Esekla
    , contributor
    Comments (3970) | Send Message
     
    Umm, no, see the updates in the comments here, documenting the just released short report: http://bit.ly/17bqaD0

     

    Short interest is back up, and volume down, dragging the squeeze out a little longer, though the rebate rate continues to fall. That said, certainly there is momentum from other factors, most likely continued spin from Musk about how many cars he thinks they can sell 3 years out. Given that he admitted in a Reuters interview that they've done "absolutely zero" market research into demand, he confusing selling with producing.
    http://reut.rs/14kWLnv
    At any rate, they'd better start making a profit on the actual car sales first.

     

    Beyond that, yes, Tesla is on to something with an electric luxury car that fits some use cases well, and the direct sales model is a long overdue innovation. Hopefully they can make it stick; I think so.

     

    But really, the attitude of many Tesla supporters is rather a lot to swallow sometimes. You like the car, as well you should. Does that make the stock worth $5000 per share? $1000? $100? What's your reasoning?

     

    Tesla supporters like to talk like Tesla automatically owns the necessary battery innovations to continue momentum. They buy their batteries from Panasonic and Toyota has by far the most research and ownership of next-gen magnesium-air (which would be MUCH cleaner and cheaper to produce than Lithium based ones) and lithium-air batteries. Maybe such cars companies haven't moved yet because they see the tech that Tesla is using as having a short shelf life. They certainly aren't interested in the tiny volumes that Tesla has done to date.

     

    Please excuse the rant. Tesla has just achieved a major financial milestone with their capital raise, and certainly stockholders should have expected the dilution. The company has some good engineering and wonderful management, and that's worth something. A little perspective, with actual analysis of the pros and cons of their situation, would be refreshing, that's all.
    27 Jun 2013, 11:47 AM Reply Like
  • Agnes59
    , contributor
    Comments (435) | Send Message
     
    @Esekla: Or maybe other companies didn't expect EV is going to do very well so they didn't put as much effort as Elon did. As far as stocks,I use to own GM, and Ford stocks, but the thing is for such a huge company it did not get much as much return as TSLA did, go figure. My question is why is Toyota's stock is way up there and the others are not?
    27 Jun 2013, 03:21 PM Reply Like
  • Cassina Tarsia
    , contributor
    Comments (666) | Send Message
     
    I must say, Esekia, you are up on these things ... especially with your timely article just out that you referred to in your comment above! I also had looked at another article from about the same time, by Bill Maurer (http://seekingalpha.co...), where he has a clear graph showing the recent rise in short interest ... which he says has risen 7.22% higher since its low, raising the short interest back up to about 20% - very similar to what you said. It seems to me that it may be setting up for a new short squeeze in the future, although not quite yet ... wait for the expirations of these shorts, and then watch out if by then Tesla continues to be in the stratosphere - it could send the stock even higher.
    28 Jun 2013, 10:51 AM Reply Like
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