The True Genius Of Tesla
John Petersen • 676 Comments
John Petersen • 676 Comments
The True Genius Of Tesla
John Petersen • 676 Comments
John Petersen • 676 Comments
Today, 6:48 AM
- Tesla's (NASDAQ:TSLA) master plan could cost the automaker "tens of billions" of dollars over the long term, but would likely require only a "modest" capital raise, Elon Musk said after a tour of his gigafactory in Nevada.
- Because the plan will roll out over a number of years, it could be mostly funded from sales of vehicles, particularly the Model 3, he added.
- Musk took heat from investors last week after delivering a plan that was short on "financing details," and followed what was already a rocky month for Tesla due to a fatal Autopilot crash in Florida.
Yesterday, 2:41 PM
- There's almost no chance that the automobile industry won't be a major talking point during the U.S. presidential election campaign which adds a layer of uncertainty for investors in the sector.
- While the ramifications of the Trans-Pacific Partnership and Donald Trump's plan to add tariffs on foreign car makers and auto parts suppliers are already being debated, it's the union workers who may be the target of the most discussion in the next few months with Michigan, Ohio, and Pennsylvania considered critical battleground stocks.
- The United Auto Workers endorsed Hillary Clinton and expects her to renegotiate the North American Free Trade Agreement to help land stronger unions in Mexico, while Trump has taken a more populist route of promising to add tariffs on Ford for cars built in Mexico. He's also hammering home that he will force better trade deals, but is walking a tightrope with some Rust Belt voters after suggesting that local plants should be closed and moved to states with lower wages.
- Most analysts think it's more likely that the $7,500 electric vehicle tax credit will expire if Trump wins the election than if Clinton ascends to the White House. The EPA and some its regulations are also sure to get a hard look.
- Investors are looking for a breakout after the dust settles, with the Detroit Three all trailing the S&P 500 Index return for the year.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY.
Yesterday, 1:23 PM
- The NTSB issues a preliminary report on the fatal crash in Florida of a Tesla Model S which was operating with the Traffic-Aware Cruise Control and Autosteer driver assistance features engaged. No probable cause or data analysis was included.
- The Model S vehicle speed was recorded at 74 mph just before the impact with a Freightliner truck tractor in a zone with a top posted speed limit of 65 mph.
- The agency notes that a final report on an investigation is typically posted 12 months after the preliminary report is posted.
- Shares of Tesla (NASDAQ:TSLA) are down 0.91% to $227.90.
- NTSB press release
Yesterday, 2:08 AM
- Tesla (NASDAQ:TSLA) has doubled the labor force working on its $5B battery factory in the Nevada desert, aiming to meet demand for its coming Model 3.
- Now, 1,000 workers build seven days a week on two shifts in an effort to start churning out lithium-ion cells by late 2016.
- Elon Musk is set to inaugurate the Gigafactory with a media briefing today, followed by an exclusive tour and party for Tesla customers on Friday.
Sat, Jul. 23, 11:48 PM
- Tesla Motors (NASDAQ:TSLA) and SolarCity (NASDAQ:SCTY) are close to locking in terms on a merger, according to a fresh report from Reuters.
- Sources indicate that final discussions and the due diligence process could end within days.
- It's still unclear if SolarCity will land a go-shop provision which will allow it to press for other bids.
- SolarCity closed at $26.45 on Friday vs. the proposed buyout range from Tesla of $26.50 to $28.50.
Fri, Jul. 22, 10:39 AM
- The focus on Tesla Motors (NASDAQ:TSLA) turns to the Gigafactory unveiling next week with a grand opening scheduled for July 29. The event will include a tour of the massive facility and presumably more details on EV battery production plans.
- The Gigafactory buzz could also increase the focus on lithium supply and demand questions. Goldman Sachs and Deutsche Bank both expect lithium carbonate demand to almost double by 2025, although picking out potential winners and losers is no easy process.
- Bacanora Minerals (OTC:BCRMF) already has a long-term contract with Tesla, while other companies such as Albermarle (NYSE:ALB), FMC (NYSE:FMC), Nemaska Lithium (OTCQX:NMKEF), SQM (NYSE:SQM), Oroplata Resources (OTCPK:ORRP), Orocobre (OTCPK:OROCF), Critical Elements (OTCQX:CRECF), Lithium X Energy (OTCQB:LIXXF), and American Lithium Minerals (OTCPK:AMLM) have been bandied around on Seeking Alpha as potential lithium plays. Those names and more are on watch next week for volatility.
- There's also the Global X Lithium ETF (NYSEARCA:LIT) to watch as a catch-all.
Thu, Jul. 21, 7:23 PM
- The Obama administration will invest as much as $4.5B to build electric car charging stations, aiming to complete a U.S. network by 2020 to make “coast-to-coast, nationwide zero-emissions travel” a reality.
- The government plan will release Energy Department loan guarantees to support a commercial scale roll-out of charging stations, with federal, state and local governments partnering with automakers such as Ford (NYSE:F), General Motors (NYSE:GM), Nissan (OTCPK:NSANF, OTCPK:NSANY) and Tesla (NASDAQ:TSLA).
- Charging infrastructure has been a major obstacle to widespread adoption of electric cars, but Kelley Blue Book analyst Karl Brauer tells Bloomberg that longer battery ranges probably would do the most toward boosting electric car numbers.
Thu, Jul. 21, 2:43 PM
- Tesla Motors (NASDAQ:TSLA) is down 3.88% on the day to trade roughly where it stood before the pre-Secret Master Plan buzz began to ramp up. As you would anticipate, reaction to the blog post from Elon Musk is pouring in.
- Barclays' Brian Johnson: "The plan is like before -- or like much of what Tesla does -- long on exciting visions of the future and short on details."
- Kelley Blue Book analyst Karl Brauer: "Tesla did not provide a timeline for these new vehicles, but we question if it can handle the added complexity of varying platforms when it is currently having issues with only 2 models."
- UBS: "Tesla now specified that it sees a 5-10 fold increase by version 3 in 2 years; however details remain light on how this will be different from traditional OEMs and credibility is challenged given near term production issues."
- More from UBS: "Tesla did not provide a timeline for these new vehicles [[pickups, buses, heavy duty trucks]], but we question if it can handle the added complexity of varying platforms when it is currently having issues with only 2 models."
- Morgan Stanley:"We’d say the Master Plan Part Deux is pretty darn down the middle of the fairway of our expectations. With one exception: Tesla Semi. We did not see that coming at all."
- RBC: The investment firm backs a Hold rating on Tesla and keeps its price target at $210.
- Goldman Sachs: GS sticks with a Buy rating and $240 price target after factoring in the "broader" than anticipated truck initiatives.
- Seeking Alpha contributor Cloister Research: "Shouldn't a business plan consist, at least in some small measure, of a path to profitability? Tesla's Master Plan would disagree."
- Seeking Alpha contributor Montana Skeptic: "The first master plan (Part Un?) put Tesla in a hole that's only $4.2 billion deep, and I'm confident this one will have even more impact."
Thu, Jul. 21, 5:19 AM
- U.S. auto safety regulators are not abandoning efforts to speed the development of self-driving cars, despite a fatal accident involving Tesla's (NASDAQ:TSLA) Autopilot.
- "No one incident will derail the DOT and NHTSA from its mission to improve safety on the roads," NHTSA chief Mark Rosekind declared.
- The agency is "bullish" on the potential of autonomous driving technology to "reduce the 94% of car crashes attributed to human error."
Wed, Jul. 20, 11:37 PM
- Tesla Motors (NASDAQ:TSLA) unveiled its Secret Master Plan Part 2 in a blog post earlier tonight.
- Highlights include an all-in bet on autonomous driving, ride sharing initiatives, urban transport concepts, and new models including pickups and heavy-duty trucks which are already in early development.
- On the energy future of Tesla, Musk hopes to link it all together. "Now that Tesla is ready to scale Powerwall and SolarCity is ready to provide highly differentiated solar, the time has come to bring them together," he wrote.
- The long-term vision from Tesla is now well-defined, although the short-term numbers will still be the focus of doubters.
- Tesla's Master Plan, Part Deux
Wed, Jul. 20, 3:26 PM
- It's official. The Tesla Secret Master Plan Part 2 will be posted at about 5:00 pm Pacific time on the company's website.
- Shares of Tesla Motors (NASDAQ:TSLA) are up 1.86% to a session high of $229.80 following the reveal that the plan is on its way.
- Most Tesla watchers expect Musk to paint the company's future in broad strokes similar to the Secret Maste Plan Part 1 which was unveiled ten years ago. Autonomous driving, SolarCity, and energy storage are sure to feature.
- Any guesses on the direction of theTesla Secret Masterplan Part 3 which could be expected in 2026 at Elon's refresh rate?
Wed, Jul. 20, 12:30 PM
Wed, Jul. 20, 10:33 AM
- JPMorgan adjusts estimates on Tesla Motors (TSLA +1%) after factoring in the company's lower level of Q2 deliveries than anticipated.
- JP's dive on Tesla: "We now forecast full year combined Model S and Model X deliveries of 78,180 units vs. 80,810 units prior, vs. and implied guide of slightly below 80,000 units (vs. prior guidance of ~80,000 to 90,000). Our 2Q EPS estimate declines to a loss of -$0.60 vs. -$0.45 prior (and vs. consensus of -$0.53), given the lower deliveries."
- The investment firm's 2016 price target goes to $180 from $185.
- Also in the Tesla spotlight today, investors are monitoring Elon Musk's twitter account after he promised to pull an all-nighter to finish off the Tesla Secret Masterplan Part 2.
Wed, Jul. 20, 2:11 AM
- Elon Musk expects a "super majority" of shareholders to back Tesla's (NASDAQ:TSLA) proposed combination with SolarCity (NASDAQ:SCTY) despite investor skepticism about the planned deal.
- In an interview, Musk said he would include details of the tie-up in a new "master plan" he intends to publish as early as this week.
- "The most informed investors are highly supportive of the transaction... most just didn't understand how bringing together a car and a solar company made sense from a product standpoint."
Tue, Jul. 19, 12:14 PM
- Tesla Motors (TSLA +0.4%) changed its website URL to Tesla.com. Both TeslaMotors.com and TeslaEnergy.com now redirect to the main Tesla website.
- The company hasn't divulged any plans to officially change its name, although it wouldn't be a shock if does considering Tesla's energy storage business and pending SolarCity acquisition.
- Shares of Tesla cleared $227 today for the first time in a month.
Mon, Jul. 18, 1:23 PM
- Tesla Motors (TSLA +2.6%) hired Chester Chipperfield to be its Global Creative Director, according to a LinkedIn profile spotted by Electrek,
- Chipperfield worked as the head of digital retail at Burberry before moving to Apple in 2014 to work on special projects.
- Tesla's retail presence could change significantly if the merger with SolarCity comes off to give the company a broader assortment of products and services to offer to consumers.
Tesla Motors, Inc. engages in the design, development, manufacturing, and selling of electric vehicles and electric powertrain components. Its products include electric vehicles such as the Model S, Model X, and the Tesla Roadster. The company was founded by Jeffrey B. Straubel, Elon R. Musk and... More
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
Country: United States
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