Tesla Talk

That's insane. Serious body work requiring new doors / panels will almost certainly take longer than that. For any make / model of car.

It's only true if it's been officially denied. So…

exactly, wait till you see the Q1 auto margins when they’re made public next week - Tesla is starting to look like a ‘normal’ car manufacturer far quicker than they might’ve thought it would happen (auto gross margin was 16% in Q3 2023, and has dropped in the 2 quarters since), and all the surrounding products and services are still only a minor portion of quarterly revenue.

People forget that behind Musks actions, he has a fiduciary duty as CEO to deliver shareholder value - and that value is starting to look hopelessly overvalued - Tesla was always valued on its future business, as growth company, and that is starting to look ‘cloudy’. -8% YoY growth in Q1 is serious, no matter what internal or external factors might be affecting it

On a separate note,

1. Reuters knew musk would send the army after them, so the sources on this story would be treble checked
2. Ditching a model 2 marks a massive shift in strategy for Tesla - the core of its strategy has always been the ‘master plan’; roadster → S → 3 → Y → 2

imho they’ve realised the margins just aren’t there for a model 2 to deliver meaningful shareholder value.

Self-driving taxi’s will create some hype value in the SP 🙄

Of course. The main goal for any company should be to maximise profits / shareholder value

Woot? The only way that we are all as rich as we are in the west (including the poorest people) is because of our capitalist system with social re-distribution of income. Without the capitalist base, we could all be very nice to each other, but we would be poorer.

Or maybe you want to write a book blaming capitalism for all evil and proposing to start a more equal society for all workers? I have heard of a fella that did just that quite a few years ago. Didn't end well 😂

lads, the simple fact is that Tesla is a publicly listed company. It has a duty to shareholders to be constantly and consistently delivering value to them.

With the 3 & Y starting to age, the margins dropping to normal levels, and all the AI/robotics stuff being smoke and mirrors, the SP is starting to look even more hopelessly overvalued than it was a few years ago when everyone creamed themselves over 30-40% margins on early cars.

My guess for Q1 is that margins might be down as low as 12%, and dropping.

Therefore Musk needs ‘something’ - yes we’re cancelling the model 2, but look over here - robotaxi’s are back! (who remembers “1m robotaxis on the road by 2020”).

he’s a pathological liar lads, but the company needs shareholder value, he has a duty as CEO to prop up the valuation, and a low margin model 2 clearly isn’t that