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GaltMachine

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  • BEA finds issues with Q1 GDP calculation [View news story]
    "after a number of economists have complained about weak reported Q1 GDP growth"

    Was that Joe Lavorgna? I thought this was Onion Spoof or a ZeroHedge post at first. No such luck.

    And they wonder why some of us are so cynical? Is the Atlanta FED engaged in misleading forecasting when it nailed the 1st QTR and is tracking weak growth this quarter as well?
    May 20, 2015. 03:49 PM | 1 Like Like |Link to Comment
  • Tesla Analysts Now Expect 2015 Loss [View article]
    "We do know two more insiders unloaded virtually their entire positions this month, but that had nothing to do with the stock pumping, did it?"

    Don't these guys know that the stock is going to be worth $700 billion dollars in 10 years? Are they idiots?
    May 18, 2015. 11:23 PM | 4 Likes Like |Link to Comment
  • Tesla Analysts Now Expect 2015 Loss [View article]
    surfer,

    http://bit.ly/1S2mqM0
    "The auto industry is the single greatest engine of economic growth in the world.

    The global auto industry is a key sector of the economy for every major country in the world. The industry continues to grow, registering a 30 percent increase over the past decade (1995-2005).

    Autos create jobs, jobs, jobs.

    Building 60 million vehicles requires the employment of about 9 million people directly in making the vehicles and the parts that go into them. This is over 5 percent of the world’s total manufacturing employment. It is estimated that each direct auto job supports at least another 5 indirect jobs in the community, resulting in more than 50 million jobs owed to the auto industry. Many people are employed in related manufacturing and services. Autos are built using the goods of many industries, including steel, iron, aluminum, glass, plastics, glass, carpeting, textiles, computer chips, rubber and more."
    May 18, 2015. 03:21 PM | 2 Likes Like |Link to Comment
  • Tesla Analysts Now Expect 2015 Loss [View article]
    "who want to see american success"

    Really?

    How many times have we seen postings on this board about how this will be the death of ICE vehicles?

    Those ICE vehicles are mostly built by Americans and you guys want to put them out of work and you call that patriotic?

    You see how this works?

    Stick to the facts and skip the jingoism and in the long run you will make better investment decisions.
    May 18, 2015. 11:10 AM | 9 Likes Like |Link to Comment
  • Tesla Analysts Now Expect 2015 Loss [View article]
    I have no idea how all of you can be so nonchalant about this horrible financial performance.

    They will have to raise money soon or they will run of money. You can't run a company of this size without a lot of cash.

    Shooting the messenger smacks of delusion rather than rationality.

    As a bull on this stock you better hope they do raise cash soon or it will be a very interesting real-time case study for all of us.
    May 18, 2015. 11:07 AM | 12 Likes Like |Link to Comment
  • Model S P85D road test gets off to shaky start [View news story]
    Wow! When I read the comments above in support of TSLA it truly explains why this is a cult stock.

    The car was rendered undriveable because of door handles! You don't find that bizarre?

    You don't also find it bizarre that the car that Consumer Reports says is its number 1 pick is a car they have not actually test-driven?

    CR is pushing the same agenda as the bulls on this stock so when stuff like this happens it is very newsworthy. The fact that it took a day for a technician to come is actually freaky given how high profile and sensitive this long-term test would be.

    It's okay to admit there are problems, if you don't you can't fix them and no it doesn't mean you are "against saving the planet" if you do.
    May 18, 2015. 10:54 AM | 11 Likes Like |Link to Comment
  • Model S P85D road test gets off to shaky start [View news story]
    Whoa!

    "A new car shouldn't have problems when you’ve owned it for less than a month. Yet Consumer Reports' brand-new $127,000 Tesla Model S P85 D, with the fancy retractable door handles refused to let us in, effectively rendering the car undriveable. (Read "Why We Bought a Tesla Model S.")

    After we’d owned the P85 D for a mere 27 days, with just over 2,300 miles on the odometer, the driver-side door handle failed. The door handles in the Model S retract electrically so they rest flush with the sides of the car when they’re not in use. Walk up to the car with the key fob in your pocket, and the handles move out to allow you to grip them.

    Except this time the one on the driver’s door of our P85D didn’t pop out, leaving us no way to open the door from the outside. And significantly, with the car sensing a problem, wouldn’t drive. We were able to move the car a short distance, thanks to the smartphone app that allows us to unlock the car and authorize two minutes of keyless driving, requiring a spry staffer to crawl behind the steering wheel from the passenger seat."
    May 18, 2015. 09:49 AM | 2 Likes Like |Link to Comment
  • Model S P85D road test gets off to shaky start [View news story]
    Why can't it be opened remotely?
    May 18, 2015. 09:34 AM | 2 Likes Like |Link to Comment
  • Weighing The Week Ahead: Will The Interest Rate Spike Pressure Stock Prices? [View article]
    Jeff,

    Good to know!

    Thanks.
    May 18, 2015. 12:30 AM | Likes Like |Link to Comment
  • Weighing The Week Ahead: Will The Interest Rate Spike Pressure Stock Prices? [View article]
    Jeff,

    "We do not know how many are in this trade, but the leverage ratios and systemic risk do not rate to be like 1998. "

    I don't think we know this to be true. As far as I know there is zero disclosure on derivative trades to this day.

    What was intriguing about 1998 is that it all happened in the midst of US "prosperity" and if it had been allowed to runs its course perhaps we would have had a much more stable financial system in the long term by reintroducing Moral Hazard. We'll never know for sure because the person who prevents a fire is not as celebrated as the person who puts one out ;)
    May 17, 2015. 09:25 PM | 2 Likes Like |Link to Comment
  • Weighing The Week Ahead: Will The Interest Rate Spike Pressure Stock Prices? [View article]
    "Why the spike in rates?"

    I am in the process of re-reading "When Genius Failed: The Rise and Fall of Long-Term Capital Management"
    http://amzn.to/1HaIeww

    So this question is very timely. In a ZIRP world where people are chasing yield, derivative contracts become the de-facto way of trading this risk and this volatility. It is very likely that there are positions out there that have been levered up 50 times or more that are bleeding to death as they try to sell at all costs. Whether this leads to contagion or not is not clear. It happened in 1998 and outside of a few connected individuals no one in the real world knew about how close the financial system came to ceasing its normal function.

    Scary read and the key elements back then were low volatility, incredible leverage that went unmeasured by the FED, historically low interest rates (by the standards in place then), sovereign debt risks and currency devaluations ("Asian Crisis", Russian default), and the ability to carry at near zero cost of interest combined with what was considered a strong economy - all those ingredients exist today once again.

    Something to think about - history rhymes but it doesn't repeat.
    May 17, 2015. 12:02 PM | 2 Likes Like |Link to Comment
  • Hilsenrath: Growth hiccups vex Fed yet again [View news story]
    "finds "no firm evidence" of such a problem."

    Fits the man-made global warming theory as well but just like this situation they won't admit it ;)
    May 16, 2015. 11:08 AM | 3 Likes Like |Link to Comment
  • Tesla: Mr. Musk's Wild Ride Continues [View article]
    Surfer,

    "And for people who say the guy is an egoist? He was pretty low key going into a Subway Sandwich shop in Midtown Houston that was empty save him and me."

    That's because like most narcissists he doesn't waste time talking to people that can't do anything for him.

    In cowboy boots you can be a couple of inches taller even in your average dress shoe it adds some height. I myself gain about 2 inches when I wear boots or dress shoes.

    I am not saying you didn't see him but the height is up for debate - having said that I can't believe I am actually writing this gaaag!
    May 14, 2015. 07:55 PM | 1 Like Like |Link to Comment
  • Tesla: Mr. Musk's Wild Ride Continues [View article]
    "by the time the model 3 is released, this stock will be trading at at least $500."

    You are being way to conservative here. More like $10,000/share!

    Of course that "by the time" thing assumes that the model 3 will be released ;)
    May 14, 2015. 03:20 PM | 3 Likes Like |Link to Comment
  • Tesla: Mr. Musk's Wild Ride Continues [View article]
    Randy,

    "Comparing employee numbers to legacy carmakers is not meaningful unless the head count at dealers and gas stations is included."

    Only to you is this not relevant. There is no way to fudge the number of employees which makes it a completely relevant way of comparing companies in similar industries to each especially cars.

    If TSLA chooses to vertically integrate on the assumption that that is a better way to go then so be it but you can't ignore the labor costs mandated by following this approach. In fact, you can commend the other car companies for running a far more efficient business model because they outsource so much overhead as reflected by the metric of revenue/employee.
    May 14, 2015. 03:17 PM | 9 Likes Like |Link to Comment
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