โก๏ธโ๏ธ๐ป hydrogen pioneer (not so cool anymore ๐), against the idea of ๐ฏ% electrification๐๐ซ Cheap energyโฝ๏ธ โข๏ธ is the ๐ to global prosperity ๐๐ฑ
People should realise that companies in a desperate need of cash usually do three things:
- drastically cut production โ
- fire white collar workers โ
- try to increase prices wherever possible โ
$TSLA might be in trouble ๐จ
$TSLA $TSLQ
@Tesla
, finally in the ๐บ๐ธ a major ๐๏ธ๐ฐ like the
@nytimes
covers the biggest automotive scandal in corp history, reported by
@handelsblatt
last May. Major crimes claimed include:
- GDPR violations
- accounting fraud
- unreported FSD defections
So
@elonmusk
is hiring engineers from $TSLA for his AI private venture xAi โ๏ธ WTF ๐ณ and people still think that he is discussing a new compensation plan? Does the BoD know about this?
@GerberKawasaki
- Oct 2022: โOptimus launchedโ
- Apr 2023: โ $TSLA is aiming to start production of Optimus in 2023โ
- Apr 2024: โ Tesla will be able to perform tasks in the ๐ญ by 2024, production in 2025โ
- Jul 2024: โ Tesla will implement Optimus in its ๐ญ in 2025, production in 2026โ ๐คก๐คก๐คก
๐งต on the reasons why $TSLA might be preparing for a capital raise (and yes, they need cash):
- FCF in Q1 must be bad, given the huge pile up of inventories
- new ๐ญ wonโt be an issue, as plans are scrapped, but $NVDA GPUs are expensive
- new narrative, car sales donโt matter
From the
@tesla
Motor-Club ๐ฌ๐ง&๐ฎ๐ช forum section, it seems a FSD former customer sued $TSLA for the failure to deliver on its autonomy promises, settling for ยฃ8k. What if this is a precedent? Why $TSLA settled? He bought the software in 2019, posted this last Saturday
H/t
@beyerch
$TSLA $TSLQ 2023 GAAP EPS Estimates are at 2.78, from 2.88 before Q3 ER. 2024 GAAP EPS Est still are at 3.80 (!!!) from 4.06 before ER. For the bulls, can someone explain to me how
@tesla
EPS can grow 33% in 2024 if:
- MY is still being discounted
- CT is still a loss center
So letโs recap:
- Elon is firing everyone
- DoJo is not $TSLA DoJo (surprise surprise) but expensive $NVDA GPUs, Datacenter not ready (โผ๏ธ)
- FSD is the only thing that matters
In conclusion, another $TSLA victim is the DoJo narrative ๐ฅฒ
@elonmusk
@WholeMarsBlog
What??? Ahahah Elon please, avoid be fraudulent. The automotive market is going very well in the ๐บ๐ธ. $TSLA had a horrible quarter because the US market refused to buy your cars. BYD has NO presence yet in the ๐บ๐ธ. $HTZ is fire selling used
@tesla
, because they hate the carsโฆ
$TSLA ๐ช๐บ 2023 sales in the six daily reporting countries ๐ฌ๐ง๐ณ๐ด๐ธ๐ช๐ฉ๐ฐ๐ณ๐ฑ๐ช๐ธ :
- Q1 39.3k
- Q2 39.6k
- Q3 35.6k
- Q4 35.4k (estimating the missing 3 days of ๐ฌ๐ง sales, 1 day for ๐ณ๐ฑ & ๐ช๐ธ)
So how are we supposed to believe that 2024 will grow from here without further price cutsโ๏ธ
So nobody is worried that Musk had a conversation with its 8th most important shareholder and never mentioned the most controversial announcement of the year related to $TSLA ? Not even a word on robotaxi ? ๐
๐จ โผ๏ธ Dear
@elonmusk
fanboys, if this is true, this is basically treason. There is not any fairy ๐ง dust to spin it.. and the ๐ addiction, and bad financial metrics of $TSLA
@tesla
should do the rest
THIS IS I N S A N E๐คฏ๐ฑ
@SECGov
staff have never spoken with the people who filed the complaint, those people say, & have never taken them up on their offer to review about 18k files they say they have for review, including internal $TSLA ๐ง , spreadsheets, screenshots, recording
$TSLA 10-Q SEC filing is out in record time. Since I remember, it was always posted 48-72h after ER. This time it is the day after. Either Elon will sell (unlikely) or the company is preparing for a massive capital raise, as stated below. Expect the news tonight AH or tomorrow..
๐งต on the reasons why $TSLA might be preparing for a capital raise (and yes, they need cash):
- FCF in Q1 must be bad, given the huge pile up of inventories
- new ๐ญ wonโt be an issue, as plans are scrapped, but $NVDA GPUs are expensive
- new narrative, car sales donโt matter
$TSLA ๐จ China ๐จ๐ณ weekly sales last week less than 2000 units โ๏ธdespite:
- persistent inventory discounts
- super favorable financing rates
- listing price cuts at the start of 2024
- paint & insurance bonus
- plenty of supply โผ๏ธ
No surprise that Shangai reduced the output..
๐งต๐จ $TSLA Q1-2024 delivery update & FSD considerations:
- ๐จ๐ณ is in deep trouble with declining volumes & deep negative sales margins
- ๐บ๐ธ & ๐ช๐บ can be bad too
- FSD is now the narrative spin to avoid a complete disasters, but its financials are simply NOT ENOUGH โผ๏ธ
Should Tesla invest $5B into
@xAI
, assuming the valuation is set by several credible outside investors?
(Board approval & shareholder vote are needed, so this is just to test the waters)
Read carefully guys, this is not a $TSLQ forum, these are the comments on an
@ElectrekCo
article. Send this to your friend
@garyblack00
please, we shall see if there is any halo effect $TSLA
๐จ ah, the best will come when the compensation package is rejected ๐ฟ
The extent of
#Tesla
's layoffs in China is much deeper than Elon Musk's stated 10%, as some departments face cuts of 30% to 40% and others up to 50%, with the sales department hit hardest, Chinese NEV information website Gasgoo reported yesterday, citing sources.
@Tesla
So the problem is real, as
@handelsblatt
leaks said. The point is: how costly is the solution provided here? Did $TSLA know and acted negligently? What about pending class actions ?
$TSLA ๐ฉ๐ช sales for May are out, and here below the rolling sum of the sales in Europe. Houston we have a big problem ๐จ For Q2-24 we should expect 60-65k from Europe vs 86k in Q1, unless big big big inventories discounts happen again. Yearly growth anyone?
Germany reported 1,896 Tesla sales and 0.8% market share for May. ๐ฉ๐ช
โข -64% vs. May last year
โข Last three months -43.8% vs. December - February
โข Year-to-date -41% over same period last year
โข Year-to-date is 26% or 3.1/12 of last year's total
$TSLA big ๐งต on ๐จ๐ณ competition | why things can only get worse or very worse:
- Q1-24 sales -3% YoY despite massive price โ๏ธ
- Q2-24โA wave of new models is coming โก๏ธ Troy will be forced to stop being โmoderately bullishโ just because โeveryone isโ. Here a comparison vs BYD:
$BIDU
A source close to Baidu told China Daily that he didn't see "any new deal related to FSD functions" between the Tesla and Baidu... that it has no direct relations with its FSD function.
@FredericLambert
She also implied that Adrian Dittman is Elon. If that is the case, this would be an immense breach of security law and Elon might not be to serve as a public director ever, or go to jail and lose great part of his net worth
๐จ $TSLA layoffs in ๐ณ๐ด Norway โผ๏ธ 10% workforce in what was once a big market for Tesla; now it has become another weak spot โ
Bullish / Elon-demon-mode / $55 b package ๐ต/ ๐ฆ Elon-packing-soon ๐งณ/ bye-bye-Elon
Tesla is to cut 10 percent of the workforce in Norway, and now all employees have been offered severance package - regardless of function.
And a lot people want to take the offer: $TSLA $TSLAQ
Who turns off the lightsโ๏ธ $TSLA ๐จ๐ชซ๐จ๐ณโผ๏ธ Zhu is going back to China for what exactly? I guess no MY update if you fire everyone. What if Tesla is just retreating from the Chinese market?
Notice the followings:
- heโs not negating the ๐ abuse whatsoever
- the response is weak & badly framed as the โ2ndโ section is not even a compliment, but it should be a fact
- in these 2.5 days he has addressed this big issues only in a limited way, instead of suing the
@WSJ
@WholeMarsBlog
After that one puff with Rogan, I agreed, at NASAโs request, to do 3 years of random drug testing.
Not even trace quantities were found of any drugs or alcohol.
@WSJ
is not fit to line a parrot cage for bird ๐ฉ
While the $TSLA fanboys mourn the loss of the ๐จ๐ณ market (-56% QTD vs '23), I want to point out that the daily reporting countries, with an est. for the last days of Apr, are not performing any better
๐ฌ๐ง๐ฎ๐น๐ช๐ธ๐ณ๐ฑ๐ฉ๐ฐ๐ณ๐ด๐ธ๐ช
- Apr 2023: 6'289
- Apr 2024: 4'902
That's -22% YoY ๐จโผ๏ธ
@lorakolodny
@JCOviedo6
@CNBC
Basically we know that they cheated on ๐ range, and thanks to
@handelsblatt
we know that they cheated on the number of crashed and sudden unintended accelerations. This is by far a greater scandal than the VW one
I wish all the bulls that follow me can see this. Itโs a scam. Retweet this as much as you can so that Gary, Jamescat, etc sees it for what it is. A fraud at the expense of the ones who think that an aged idealistic dream ( $TSLA) of future can be their path to prosperity
Four months ago, Elon Musk discussing Model 2 with Sandy Munro:
"We're quite far advanced in that work"
"The revolution in manufacturing represented by that car will blow people's minds"
"Far in advance of any automotive plants on Earth"
@FredericLambert
Elon is next, quite possible he is fired soon. the fact that Drew resigned and did not mention Elon even once TELLS YOU EVERYTHING YOU NEED TO KNOW
When the stock was spiralling down at the end of 2022 this came out โ $TSLA board member J. Murdoch said in Nov. the company had recently identified a potential successor to Musk without naming the person. Murdoch did not respond to a request for commentโ
$TSLA giga ๐ญ announcements, choose your country & you can be a happy shareholderโผ๏ธ in the last year I counted ๐๏ธ for at least 11 countries: ๐ฒ๐ฝ๐ฎ๐ฉ๐ฎ๐ณ๐ฒ๐พ๐ช๐ธ๐ฎ๐น๐ซ๐ท๐ฌ๐ง๐น๐ท๐ธ๐ฆ๐ฐ๐ท | here below a ๐งต on all the ๐ฐ we got, waiting for the next ๐ฎ๐ณ before ER! What a chance ๐
Should the $TSLA BOD take immediate action against
@elonmusk
and appoint a new CEO who will be more focused on the company rather than on X posts and political rants every day of the week? After all, a CEO's primary focus is shareholders and it's obvious that isn't Elon's
@ElectrekCo
@FredericLambert
Could you please specify that both the wife and the best friend of the victim said that he was a regular user of FSD? So it is basically impossible that FSD was not downloaded on the car as
@elonmusk
said. Guess what, he lied again!
โVon Ohain used Full Self-Driving nearly every time he got behind the wheel, (his wife) saidโ
Seems clear to me Elon is lying here
Wild stuff. I donโt see how this doesnโt create problems for him / Tesla.
If Iโm a former friend who listened to him talk FSD Iโd go on the record
โผ๏ธin July 2022 a man in ๐ธ๐ช sounded the alarm about $TSLA suspensions failure through his YouTube.
@Tesla
threatened to sue him. But we know from the whistleblower (
@handelsblatt
,
@CNBC
with
@lorakolodny
) that the company knew since forever about the issue
Musk is a known liar. Do people really expect him to confirm this ? He could have said that a new M2 line is under consideration for months, with the real plan being obsolete..
๐จ๐จ๐จ $TSLA cash burn alert! After $7 b credit line in January, $2.5 b ABS (leasing contracts), here $1 b of ABS by autoloans. These heavy discounts are becoming cash expensive ๐ธ $TSLQ
$TSLA looking to raise $1.8bn from an ABS offering?
I thought they had so much cash that they could do a $5bn share buyback.
And this is on top of raising their credit facility from $2.4bn to up to $7bn in January.
The Sovereign Fund (
@NicolaiTang1
) from ๐ณ๐ด $2.2 trillion AuM is worried about human rights violation from $TSLA as it fights unionisation. But the fund isnโt worried about the $TSLA ๐ณ๐ด whistleblower who accused the company of consumer & financial frauds?
$TSLA price targets cut:
- from $185 to $165 by Jefferies, '24 EPS 1.87. Same PT as last year, when the stock's EPS estimated growth was much higher
- from $225 to $205 by Piper Sandler
โผ๏ธ Both expect vol sales in 2024 to be lower vs 2023 -> wen Cybertruck Halo effectโ๏ธ
$TSLA โ๏ธ๐ฅ๐ can someone call Omar (WholeMars) and ask him how bullish is for $TSLA if the subprime auto loans market implodes? Robotaxi can solve that too?
Best Meme ever HT:
@bgrahamdisciple
๐จ๐งต $TSLA Q4-23 earnings call remarks:
If $TSLQ ๐งธ could imagine the best cc for a short set up, with the most absurd & foolish focus remarks from
@tesla
mgmt, he could not do a better job that the ๐ช๐คก we listened yesterday
In 4๏ธโฃ words: low growth & 0๏ธโฃ margins ๐ฉ๐ฉ๐ฉ
So we are now at 20% of the workforce easily, and it is clear that production will be massively affected by the decision. But yes, $TSLA cheap models are coming, believe Elon! ๐ ๐คฃ
๐จ For the disappointed $TSLA FSD buyers, in ๐บ๐ธ & abroad, there is the precedent of a refund in ๐ฌ๐ง. Please reshare this whenever you see the post of a disappointed (Supervised now) FSD customer โผ๏ธ Reshare ๐๐
From the
@tesla
Motor-Club ๐ฌ๐ง&๐ฎ๐ช forum section, it seems a FSD former customer sued $TSLA for the failure to deliver on its autonomy promises, settling for ยฃ8k. What if this is a precedent? Why $TSLA settled? He bought the software in 2019, posted this last Saturday
H/t
@beyerch
Another Ai-robotics from $TSLA leaves the company. Bullish. Tesla solved autonomy, is clear, trillions in future revenue are certain but I go founding my own ๐ค startup. Make sense, I donโt care about my stock options, I gift them to Elon, he needs it.
I'm excited to share that I joined
@kvogt
,
@pariljain
, and
@lukeholoubek
, as part of the founding team at
@thebotcompany
(join us at )!
Tesla will achieve self-driving and have the biggest autonomous fleet in the world. This became obvious to us internally
$TSLA catalyst list ร la
@garyblack00
- disastrous q sales report
- inventories rising by 500 units per d (see charts by
@TeslaInfoCom
)
- key AI exec leaving
- key AI employees who leave for
@OpenAI
or
@xai
(not $TSLA?)
- Xiaomi taking mrkt share
- distracted CEO
- Q2 price โ๏ธ
๐จโผ๏ธ $TSLA โIs there a threat of production stopping now?โ Is it possible to open Twitter without finding each time 10 reasons to not short
@tesla
more ? ๐ am I asking too much?
Die Tesla-Fabrik in Brandenburg soll bis zu sechs Mal so viel Gefahrenstoffe ins Abwassersystem eingeleitet haben wie zulรคssigย und die Trinkwasserversorgung Berlins dadurch gefรคhrden. Droht jetzt der Produktionsstopp?
#tesla
#Brandenburg
@NicolaiTang1
@elonmusk
It could be nice if you could ask about this major $TSLA Norwegian ๐ณ๐ดwhistleblower scandal, with alleged frauds including financial ones (the CFO left in August for no apparent reason). Is the money of Norwegian citizens well invested in a company with these pending accusations?
$TSLA $TSLQ
@Tesla
, finally in the ๐บ๐ธ a major ๐๏ธ๐ฐ like the
@nytimes
covers the biggest automotive scandal in corp history, reported by
@handelsblatt
last May. Major crimes claimed include:
- GDPR violations
- accounting fraud
- unreported FSD defections
$TSLA GAAP EPS & delivery estimates:
Q2-24: 0.54, 467k
Q3-24: 0.60, 492k
Q4-24: 0.66, 524k
We should see these measure going down over the next weeks, with PE fwrd going up in the mean time in the 75-100x
Don't tell Tesla
Hertz: "In the first quarter, the Company upsized its EV disposition plan by 10,000 vehicles, for a total of 30,000 EVs intended for sale in 2024"
So the cheap M2 is indeed scrapped. But the existing platform will be used to design and sell cheaper vehicles โ๏ธ๐ฅฒ my god.. how they spin this during the call?
Furtermore, Tesla announced a change of plan regarding cheaper vehicles. While it appears to finally confirm the cheaper model based on the "unboxed" system, which we reported as NV9, is canceled, the automaker says it will build new cheaper vehicles on its existing production
A few thoughts to navigate this storm โ๏ธ of lies & deceptions from $TSLA earning call:
1 - production outlook
2 - deliveries & FCF
3 - new Frankenstein models (new & old together)
4 - Uber competition
5 - FSD & Robotaxi
1) production was cut by 30% in ๐จ๐ณ, by 10-15% in ๐บ๐ธ & ๐ช๐บ
$TSLA ๐จ For the joy of Adam Jonas, another key $TSLA executive abandoned the ship of the
#TeslaAi
department:
- Senior ML Scientist AI Vision team, building FSD (Full Self Driving)
Little ๐งต below to revise all the key people who left in the last months:
H/T:
@Adam_and_EVs
Today is my last day
@Tesla
autopilot. It was a pleasant one and a half years: working with talented people, learning how to build good product, etc. But my journey to AGI will not stop, I will soon join
@OpenAI
post-training team to build multimodal models.
When the stock was spiralling down at the end of 2022 this came out โ $TSLA board member J. Murdoch said in Nov. the company had recently identified a potential successor to Musk without naming the person. Murdoch did not respond to a request for commentโ
๐จ $TSLA 10-k - Was not
@elonmusk
supposed to never sell shares of
@tesla
ever again? "Further, Musk from time to time may commit to investing in significant business or other ventures, and as a result, be required to sell shares of our stock in satisfaction of such commitments"
๐จ $TSLA - Austin, we have a China ๐จ๐ณ problem โผ๏ธ The BAD: assuming 10-12k sales in the next 2 weeks, YoY should be in the -3 to -6%, despite price โ๏ธ in the range of -15 to -20%
The UGLY: ๐จ๐ณ can only get worse
The GOOD: ๐ช๐บ are less terrible than anticipated. See ๐งต โฌ๏ธ
I made the difficult decision to move on from Tesla after 18 years yesterday. I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years.
I loved tackling nearly ๐คฃ every problem we solved as a team and feel gratified
Does any of the fanboys understand that he did a poll on Twitter (sorry, on
@x
) without asking the BoDs what they thought on:
- moving to Texas
- he doing this poll
With his actions, he is basically confirming that the present BoD is useless
@garyblack00
@squawksquare
@p_ferragu
The public vote is unequivocally in favor of Texas!
Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas.
Do you remember when the market thought Elon bought shares? Similar situation, 10x larger in size:
1) $TSLA licensing from Baidu , so Tesla pays Baidu, for its Maps, old news but I bet that the crowds thought Baidu was an OEM and $TSLA licensed SFSD to them
2) SFSD or not FSD?
$TSLA catalyst recap:
- inventories at ATH
- M3 Highland production in the ๐บ๐ธ halted
- massive layoffs globally (15-20% likely of the workforce)
- likely a drug addicted CEO
- competition stronger than ever
- EPS est going down
Share price trades at the same level of last year
we are all inpatients to read the bullish takes on $TSLA from:
- Adam Jonas from $MS $310 PT
- Dan Ives, Wedbush $300
- T. Narayan, RBC, $298
I will post here their comments if I find them
@BradMunchen
๐จโผ๏ธbooom! $TSLA โOriginally it was supposed to be reduced in 2024 (to a maximum of 4,500 euros) and then expire at the end of the year.โ
This was Elon around one month ago. He knew about Reuters reporting about the death of the M2 platform, he could dismiss it but he did not โผ๏ธ $TSLA ๐จ
More on $TSLA
@Tesla
a u t o p i l o t criminal cases: If the ๐จโโ๏ธ goes against the driver, which driver will ever use these softwares ? Bad for Tesla. If the ๐จโโ๏ธ goes against Tesla, well.. it is bad
Apr-24 $TSLA sales in ๐ช๐บ, Austin, we have a problem ๐จโผ๏ธ 14.2k vs 14.7k in Apr-23, -4% despite price cuts being close to -15-20% ๐ฑ if the q keeps performing like this, Q2 sales for the continent might be at 70k vs 85.5k in Q1-24. But don't worry, $TSLA does not need to sell ๐
@Junheng_Li
Musk made it transparent? He invented the robotaxi day straight away, to compensate that indeed the cheap platform was cancelled. His engineers went crazy and now admitted that there is not any robotaxi by the 8/8 date
Please donโt use โtransparentโ & โMuskโ in the same sentence
Elon Musk ( $TSLA CEO) retweeting a video of Steve Jobs discussing the reasons whyhe was fired ๐ฅ from being $AAPL CEO ๐ค | Here below a ๐งต on the growing speculation of Elon leaving $TSLA | So far, no appeal for the compensation dilemma, and no new compensation package ๐คทโโ๏ธ
When the stock was spiralling down at the end of 2022 this came out โ $TSLA board member J. Murdoch said in Nov. the company had recently identified a potential successor to Musk without naming the person. Murdoch did not respond to a request for commentโ
$TSLA GAAP EPS & delivery estimates:
Q2-24: 0.54, 467k
Q3-24: 0.60, 492k
Q4-24: 0.66, 524k
We should see these measure going down over the next weeks, with PE fwrd going up in the mean time in the 75-100x
Here the latest article from the
@washingtonpost
on the many $TSLA autopilot issues. Underlying the fact that
@NTSB
, led by
@JenniferHomendy
, tried multiple times to convince the
@NHTSAgov
to act against
@Tesla
. See ๐งต below & the link to the article ๐๏ธ
The National Transportation Safety Board
@NTSB
can eventually investigates civil accidents on US roads, and if it finds evidence of criminal evidence, it relinquish the investigation to the
@FBI
, but it can still provide technical assistance
$TSLA global inventories chart aiming for new highs, with the latest MY bounce caused by excess MY in the ๐บ๐ธ. Will $TSLA cut listing prices again in the second week of the quarter, as they have been doing for the last 5 quarters? ๐ค
1/n) The depositions in the
@tripp_martin
lawsuit vs $TSLA highlight a chaotic ramp-up of the Model 3 in 2018 & possible dodgy accounting at $TSLA.
Items that weren't disclosed:
$398m of battery scrappage
$100m of lost materials
$319m of Panasonic cell orders
Total = $817m
Yesterday, when Adrian/Elon was speaking, someone tried to say that the Cybertruck is a total failure. Adrian quite evidently felt it personal.. I am not sure he is Elon, but this recordings like the one below really donโt help the drama to fade itself