Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 16, 2018 2:32:03 GMT -8
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benoir
fire starter
*
Posts: 1,318
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Post by benoir on Apr 16, 2018 6:29:59 GMT -8
Sorry 84... still playing in yesterday’s sandpit
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benoir
fire starter
*
Posts: 1,318
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Post by benoir on Apr 16, 2018 6:57:45 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 16, 2018 7:05:08 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 16, 2018 7:14:17 GMT -8
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ono
Member
compensation
Posts: 537
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Post by ono on Apr 16, 2018 10:25:26 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Apr 16, 2018 11:51:04 GMT -8
PED - My take: This might not be news to anyone here, but it’s refreshing to read it on Seeking Alpha.
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Post by sponge on Apr 16, 2018 12:10:34 GMT -8
Regarding Apple and Tesla
Tesla has multiple issues and Elon is one of them.
From what I have learned about the company, it is in real trouble. I understand there are growing pains and they are trying to do something that is very challenging. However since they are losing $20K per car sold and most of the Model 3 that are being delivered are in the $48K range, there is no light at the end of this tunnel. Quite the opposite. With each passing year, competition is getting more fierce and their advantage is quickly disappearing. So in 12 months when the first $35K Model 3 are actually delivered, who will be left from the original deposit holders that is willing to pay $800 a month for 72 months. The Fords of the world will be right behind them with a cheaper version. They not only need to build lots of cars now, but they need to lower their manufacturing costs and survive without the $7500 rebate that will be gone by the end of this year.
On the manufacturing issue, I will give a real world example . They were moving windshields through our airport for the model 3. The factory in Mexico was having issues with manufacturing enough on time so they were moving them by plane. They were moving 280 per plane per day. A very expensive option but they had no choice since they needed the parts. The jet operator was delayed because the customs folks in Mexico were dragging their feet. So on the weekends the operator could not make the slot for US customs in San Francisco. So it was faster for them to drop off the windshields in San Bernardino and put them on a truck for 8 hours to Fremont. Everyone was happy except US Customs in LAX who put a stop to the arrangement. No reason they just did not let Tesla do it anymore. So they were forced to use another airport. This is all just for one part. Can you imagine the issues for hundreds of parts? Tesla had 10 years to figure this all out but they did not. So now they are delayed further and it is costing them a bundle.
Elon promises and can not deliver. That is not acceptable. So in my view once he is out of the picture the company will do better.
Now for Apple, I think TC is in love with Music and Electrical cars. He managde to persuade the board to give him $3 Billion to buy Beats. A waste of money in my view. I think if he could he would buy Tesla and fix their manufacturing issues. I don't think the board will let him.
So Apple must wait. I don't think Tesla will go bankrupt, but will be bought out in the next 3 years. Apple is interested, but they must not only get a good deal, persuade the board, and also ensure Elon is not part of the deal. Too many issues to make it a smooth takeover.
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ono
Member
compensation
Posts: 537
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Post by ono on Apr 16, 2018 15:24:20 GMT -8
Great points. Though, the tax credits have a bit of a phase out once they exceed the threshold. Still, the point is valid. I've a 3 on reserve, but I'm likely to pass on it. I'll see if I can find the rebate/credit info that I researched when I place there reservation.
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ono
Member
compensation
Posts: 537
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Post by ono on Apr 16, 2018 15:29:14 GMT -8
I found my note regarding tax credits. Yep, those late 3 deliveries aren't going to get much - if any.
"It can be a little confusing, but the way it works is that whenever a manufacturer hits car #200,000 sold in the United States, any EV that company sells in the US during that calendar quarter and the following quarter qualify for the full tax credit. So if Tesla delivers its 200,000th car on July 1, 2018, then all of the cars its sells in the United States from July 1 to September 30 (Q3) and from October 1 to December 31 (Q4) qualify for the full tax credit. After that, for the next six months (two quarters) the credit decreases to 50% ($3,750); then decreases to 25% ($1,875) for the following six months.”
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Apr 16, 2018 16:15:20 GMT -8
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