King Edward VIII

King Edward VIII
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  • Putting The Tesla Engine Fires Into Perspective  [View article]
    that's as significant as saying that all Tesla will burn down when they hit chipping stones.
    You can also get hit by meteorites while driving... if you don't believe that, ask the Russians...
    Nov 21, 2013. 07:32 PM | Likes Like |Link to Comment
  • Who's minding the top sales job at Tesla?  [View news story]
    ...unless you are a family member, that is, in which case you don't qualify for being objective :)
    Nov 21, 2013. 07:26 PM | Likes Like |Link to Comment
  • Who's minding the top sales job at Tesla?  [View news story]
    JRP3, I'm afraid I had more interactions with him than most of you and for much longer...
    Nov 21, 2013. 07:25 PM | Likes Like |Link to Comment
  • Putting The Tesla Engine Fires Into Perspective  [View article]
    Which is the best way to burn all the rest of the car until the lithium is all gone....
    Nov 21, 2013. 07:24 PM | 1 Like Like |Link to Comment
  • Putting The Tesla Engine Fires Into Perspective  [View article]
    OMG, I didn't know you can get impaled in your car!
    I think I will never drive a car again!

    C'mon... did you watched Dracula on TV yesterday night? What's the statistics of impaled passengers?
    Nov 21, 2013. 07:23 PM | Likes Like |Link to Comment
  • Tesla Sales - What You Need To Know Before Earnings  [View article]
    spot on. Tesla never disclosed the sales by region or country exactly for the reason you mentioned: they need a screen to balance spikes and drops across the regions and to cover the fact that in Europe, with the exception of the countries with huge tax incentives, sales are not going well at all.
    One example? Netherlands has been for months the best market due to very strong tax incentives: now the government has said they are reconsidering tax incentives for next year and, as a consequence, most of customers who had ordered a Tesla and couldn't get it delivered this year have put their orders on hold. What does that mean in my opinion? It means that a large part of those customer will vanish the day that the government pulls the plug on tax incentives for EV, which means that if they have to pay the same price for a Tesla or a BMW, they go for a BMW. Not a good sign.
    Someone may argue that Netherlands is not such a big market after all, which is true, but then we should ask the company where do they sell their cars in Europe, let aside the heavily subsidised Norway... Not a lot of good news there...

    Most of all, the company doesn't disclose the new orders numbers: as a public company with a stock price that incorporates the profit for the next "who-knows-how-many" years, they should give guidance about the order take rate.
    Why they don't do that? Simple... numbers are awful...
    Nov 21, 2013. 07:03 PM | Likes Like |Link to Comment
  • Putting The Tesla Engine Fires Into Perspective  [View article]
    oups... for a big fan of Tesla like you, it seems you don't know a thing or two about chemical reactions of batteries... but I don't want to spoil the surprise.
    Try to pour water on lithium batteries on fire and then come back and let us know what happened, ok? :)

    Or...maybe that's not a good idea...I take that back!

    In case you set your house on fire and then, in the typical American way of doing, you want to sue me for suggesting you to spray burning lithium batteries with water: I WAS JOKING!!!!! Don't do it for any reason!!! Ok?
    Nov 21, 2013. 06:40 PM | 1 Like Like |Link to Comment
  • Putting The Tesla Engine Fires Into Perspective  [View article]
    I will give you a hint.
    The price of TSLA was so irrationally high and unjustified, that...any irrational fear based on very few episodes becomes the next big news. It has been a tipping point to revert the hype that surrounder the stock price...
    Does it make sense all this negativity about a couple of fires? Probably not, although the statistics are not like what Elon says (most Tesla have been around only for few months).
    the point is a different one: a stock priced for the best possible scenario or virtual phantasy scenario, with absolutely no risk of execution incorporated in the stock price deserves to be beaten....
    That's all...
    Nov 21, 2013. 05:49 PM | Likes Like |Link to Comment
  • Putting The Tesla Engine Fires Into Perspective  [View article]
    I think you are comparing two wrong things. If Tesla has to reinforce the bottom of the car it's not to protect passengers from debris. Ever heard of any situation when a debris penetrated theough the floorboard? Of course not. Wanna know why? Other car brands use steel, yes, old fashioned steel to protect the bottom. Tesla uses aluminium.
    If NHTSA will ask to reinforce the battery protection it will not be in order to protect passengers, but to protect the batteries and avoid fire which can be hazardous for passengers.
    Compare apples with apples, don't take the habit of Tesla to mix data to make everybody think that everything is ok....
    Nov 21, 2013. 05:43 PM | 1 Like Like |Link to Comment
  • Putting The Tesla Engine Fires Into Perspective  [View article]
    I am usually very critical of the stock price of Tesla since a very ling time (see my previous posts), but I have to correct you. He managed, drove, led the engineering team in all details. He is the guy behind most of the choices made in the engineering area. Actually, he is not superstrong in marketing and sales, thus the big mistake in giving George Blankenship the responsibility of that area, but everything in engineering revolved around Elon.

    On your other question, he has accomplished incredible things: one example, google Falcon9....
    Nov 21, 2013. 05:37 PM | 2 Likes Like |Link to Comment
  • Who's minding the top sales job at Tesla?  [View news story]
    Wake up.
    Blankenship was not the guru that the company wanted you to believe: he was kicked out of Apple in 2006 before the big boom and the launch of iphone. There, he was not the head of retail strategy: that guy was Johnson who later failed at JC Penney. He then spent 4 years as a consultant freelance until he hit the lottery with Tesla.
    The store concept was already under transformation when he arrived, since the European team was already working on a format different than what Tesla US had at the time.
    He failed grossly on too many things: he was removed from his job and put in a corner by Elon in early April because of the very poor new order take rate of Q1 and was left only with the responsibility of stores development. Elon didn't fire him because Blankenship in the past years managed to create a personal brand and Elon thought that kicking him out would have prompted some doubts about the "real performance" of the company, as it should have been the case. Elon, as usual, was right. The stock skyrocketed and the rest is history.
    The concept of sales operations and the related processes were not implemented by Blankenship, but by other people before Blankenship came on board and in particular one guy parachuted by one of the investors in TSLA who was really not bad.
    Basically, what Blankenship did was mostly internal politics (for info, ask any VP who was cut out of Elon during that period), smoke and mirrors. It played nicely for him, he pocketed 12m$ and that's not over yet....
    Anyway... Just recently Tesla fired the VP of sales, the director of sales in Europe and a bunch of store managers... If that's not a sign that sales aren't going the way they should be, I don't know how to call it... But what you have to understand is that it's nothing new: new orders dropped already in Q1. Don't look at invoices/deliveries, look at new orders!

    Wake up, folks...
    Nov 21, 2013. 05:19 PM | 3 Likes Like |Link to Comment
  • Tesla Sales - What You Need To Know Before Earnings  [View article]
    Why not?
    Oct 16, 2013. 06:32 AM | Likes Like |Link to Comment
  • Tesla Sales - What You Need To Know Before Earnings  [View article]
    I'm not sure that others cannot do it. I still believe that if BMW wants to do a 5-series equivalent pure EV, they are able to do it in a relatively short time (which in automotive is measured in years, obviously).
    If they don't do it, and they just play with i3 and i8 concepts, it's because they think it's more profitable to keep producing the current type of 5-series or 6-series and that they don't think they have evidence that it would be more profitable to change course.
    Now... they may be wrong in thinking that, or it's also possible that it makes sense for them to focus on ICE cars, suffer a modest reduction of their potential total sales of ICE cars because of Tesla and still make more profit this way than the year before, but that's a different story: it's not for lack of skills and means, but either convenience or wrong calculation.
    Oct 16, 2013. 06:28 AM | Likes Like |Link to Comment
  • The Mythology Of Tesla's Valuation  [View article]
    It's correct that there's only so much oil in the earth and I'm definitely not a petrolhead (although, I admit it, I have been for years a proud owners of those sporty German cars). But, actually, that much oil may be more than it's needed till the end of my days and the fact that US is going to be oil-independent soon speaks volume. So I wouldn't take a fundamentalist approach about this as I don't think it's going to drive the sales of Tesla.
    You buy a Model S because it drives great, because you like it, because you get a tax refund, because it can have 7 seats, because you like the 17" screen... whatever the reason, you don't buy it because you fear that during the life cycle of the car you will run out of oil, because if you do so, you should check the news more often and see that there's tons of oil out there.
    I love the car, I think it drives great although I find that the interiors are a typical example of below-average quality found in American premium sedans, but the points mentioned about margins, volume growth, cost of manufacturing and impact of competition are spot on. And they refer to market cap, not to the genius of Elon.
    Author is also saying that it's ignorant for an analyst to make 15-years forecasts, but he probably meant something a bit worse in the case of Adam Jonas, since the strange timing of his reports before Tesla's secondary offers in 2011 and 2012 raises at least some questions.
    Final comment: as usual this forum is crowded by fans who take a fundamentalist position in favour or against. I know Elon and I think he's a brilliant man; anytime I had the pleasure to talk to him he showed an amazing ability to dissect problems and read through situations: but that doesn't mean that the company is worth north of 22bn$.
    The most honest person of all? Elon himself who diplomatically said that the market has been very generous with the company evaluation. If that doesn't resonate to some fellow investors, well, nothing else will....
    Oct 16, 2013. 06:13 AM | 10 Likes Like |Link to Comment
  • Should Tesla Buy Fiat?  [View article]
    what are we talking about? This doesn't make sense from any point of view.
    Tesla wouldn't want to buy ANY car manufacturer and not only because they wouldn't have an idea of how to run them.
    There are no synergies in manufacturing and the access to market is not relevant: Tesla sells a premium vehicle (only 1 model, let's not forget about it) and can produce only limited quantities, why should they try to access 100 countries? If they want to make great cars they have to grow at their own pace which is impressive but it's still a very small fraction of the industry.
    There's no point in trying to be everywhere and cover all territories when you wouldn't be able to supply the product to those markets and TSLA wouldn't be able to do that for a while.
    So... what's the point of this idea? Doesn't make sense at all for Tesla as it goes completely against their business model.

    And, by the way, what makes you think that Fiat would be interested in being taken over by Tesla? They have assets that dwarf Tesla's, have large shareholders who are not thinking of selling, they can access capital markets and raise enough money probably to buy Tesla themselves (if they were not busy in buying out the remaining parts of Chrysler), tons of intellectual property.

    And, as an information for the ones raising the fear of inflexible unionised workforce, the company produces only a fraction of cars in Italy: the majority is produced somewhere else, in many cases low cost (e.g. Poland, Serbia, Brasil and Mexico).
    May 16, 2013. 08:22 PM | 1 Like Like |Link to Comment