BenGrimm
Formally known as burntorangeVOLffle
- Joined
- Jul 22, 2008
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Their earnings call last night was the worst I've heard since 2009. Musk was tweeting about his rocket during the CC. This gigafactory is starting to sound like the spruce-goose. $200 stock and they werent even close to profitable. Plus they are running out of cash.
Rooting against? No. Just pumping the breaks on the hype. The CEO is trying to tell us that they will build 10 million cars by 2025. It's a niche car company and that's about it.
Rumors on Wall Street that Apple will build a car.
That's nice they will someday make a 35k car, but good luck selling 10 million of them every year when they can't even open up showrooms. How many people are going to buy a $35k car online, sight unseen or test driven? Apple is currently being sued for poaching top talent at battery and auto manufacturers. Musk is busy tweeting about his rocket while 10,000 people sit on a conference call waiting for him. Not really sure where his priorities are
10 million/year? Is that even a goal? The total US market last year was just over 16.5 million units sold (all makes and models).
10 million/year? Is that even a goal? The total US market last year was just over 16.5 million units sold (all makes and models).
Musk said he wants the market cap of Apple by 2025. To get there, he will have to sell 5-10 million cars per year. JP Morgan released a research report this morning calling for a 70% drop in TSLA share price
Reports are that Apple will build a Hydrogen car and a production goal of 2020.
You think that is way Toyota is releasing their patent rights. Maybe get the competition to waste time while they move on to other things?