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Tesla Tumbles After-Hours As Musk Admits China Sales "Declined Significantly"
Tesla shares are down over 5% after-hours - and back below $200 - after CEO Elon Musk, speaking before addressing a conference in Detroit, said China Q4 sales declined significantly. As Dow Jones reports, Musk believes the sales decline is linked to consumer misperceptions regarding charging...
- ELON MUSK SPEAKS AT AUTOMOTIVE NEWS WORLD CONGRESS
- MUSK: CAN'T COUNT ON FUEL SCARCITY TO DRIVE EV DEMAND
Cue every analyst proclaiming this a buying opportunity and explaining how all that pent-up demand will surge in China when they understand the charging...
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If there is one thing amerikuns understand, it is charging.
Elon's Teflon's not to good right now......great car .....shit stawk........
Car is garbage too. I've been waiting for this Jews winning streak to end.
Putin is revitalising the Russian space program and SpaceX won't have a chance in competing.
HAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAH.
ok.
Soon we will have gasoline powered homes!
I am currently designing a modified steam engine powered vehicle that runs by burning common household trash and defective lithium ion batteries for fuel.
I call it the Stanley Stinker...
http://upload.wikimedia.org/wikipedia/commons/e/e2/Stanley_Steamer_at_20...
You need to design it to burn Fisker Karmas; I hear they have a higher specific heat than Teslas...
Low oil and gas prices will kill most alt energy businesses.
When gas is $2 a gallon, what idiot is going to pay tesla's insane prices for a battery car with a short range, and nearly no range in cold weather? Same for solar power, wind and all the other half baked schemes out there.
Investments lost. Muppets slaughtered, as they always are. But in 10 or 20 years a new crop of dizzy fools will get scammed again.
That we can drive!!!!
It will be called.....wait for it....a motor home.
Govt kills inovation especially when it threatens old line union jobs and industries
Can't wait to see the proud state of the gigafactory get stuck with a white elephant on their 2018 revenue books. Elon: nice guy, but the writing was on the wall when you learn the Chinese can steal all the tech, with zero the compensation (Greely, Xiaomei). Shoulda listened to Theil.
Only way to save TSLA is to pull a page from the Dodge brothers playbook. Flat truckbed and SUV so that those who pay the highest for fuel use (truckers, contractors, and those with winter mileage to consume budget on) recognize the modularity and open source agnostic platform afforded by a hacker + a few friends with aluminum 3d printers.
Or short the stock.
mQlBeNc~
Apparently you didn't get the memo, but Tesla opened up their patents long ago. If the Chinese think they can run an EV car factory better than Tesla can, Elon says bring it on.
.
SpaceX can shoot the rockets up but they crash on return. Too bad.
The Russians are revitalizing their space program? They doing that with all the oil they expected to sell at $85 per barrel?
The Russians are revitalizing their space program? They doing that with all the oil they expected to sell at $85 per barrel?
so elon is jewish now? nice!
He could always start selling deoderant er, man perfume. "It's Musk, Elon Musk".
Smells like MuskmElon with a hint of lemon...
Buy TSLA stawk!
Tesla = Solyndra
http://greencorruption.blogspot.com/2012/10/green-alert-tracking-preside...
SpaceX=Fisker
Musk is real good at harvesting subsidies from the tax paywers. If his companies had to stand on their own merits they would have gone chapter 7 a long time ago.
Precisely.
He is a rent seeking douchebag who calls himself a capitalist.
Unlike Boeing....
Hes Boeing lite
Is this the old phonestar with a new handle?
Usura: You do know you are rocking fonestars avatar yes?
Tiffany took to the downside late yesterday as well.
Oh my!
Even the 1% get frightened when the financials become precarious.
Captain Obvious, a 345 p/e is a tell, no ?
Was that pre or post extraordinary charges and add backs on a GAAP or non-GAPP basis before or after foreign exchange translations and pension fund adjustments?
So many numbers, so few talking heads.
They may not sell very well,
but they burn just fine.
In the New Normal that is considered "good value".
Suck it Tesla. Oil is free again. Everyone back in the SUV ...
I hope to get a Hummer
I'd like a hickey and a blow job.
can I can I huh huh?
What makes a MuskRat guard his musk? [/cowardly lion]
TSLA down 7%. Chinese are not stupid - they see the US economic war against Russia. They will not buy expensive US-made items such as cars since in an economic war, parts may not be available. And TSLA will have no sales in Russia for decades.
Another unpredictable aspect of the Nobel Prize Winner's war against Russia and Putin. France is also learning the hard way:
Re-examining France’s Mistral policy…India may cancel $22 Billion Rafale fighter jet contract and instead purchase Russian Su-30 jetsThe other shoe in Hollande’s misguided Russian Mistral cancelation may be about to drop, as India appears to be backtracking in its decision to purchase 126 Rafale jets from France’s Dassault Aviation.
After a three years effort, India’s Defence Minister, Manohar Parrikar, spoke of an impasse in negotiations with his French counterparts. This is a serious blow to the French aviation industry which just last month announced that the deal would be completed in the first half of 2015.
Icing on the cake…The Defence Ministry announced it is now considering buying Russian Sukhoi Su-30 MKI, which according to the Defence Ministry are ‘absolutely suitable for the needs of the Indian Air Force and half the price’ of the French made Rafales.
We are also sure India feels much more comfortable purchasing from a supplier that will not fold to US/NATO pressure on a whim.
http://redpilltimes.com/re-examining-frances-mistral-policy-india-may-ca...
World's second largest arms dealer is having a sale... thanks to the Nobel Peace Prize winner.
... if Elon Musk is native indian, he'd say "Me No Sulk" ... wait, that's Elon Musk's anagram ... :)
Some negative news about Tesla, que Tyler with another bash fest. Tesla will be the stock that Ford was in the last century, the technology is head and shoulders above the rest of the industry, in a car that suits its market, and in a company that will be able to produce the first desirable, practical EV for the masses. Gotta wonder why Tyler is bashing one of the few great innovative companies that is American through and through?
The fact that you think anything like that can happen when the world economy is still constipated with the last credit cycle is laughable.
Telsa is a bubble company. Hence the bash.
Yea I had stock in it too, lost my shorts.
Wow, truly clueless, dude- it's just a freaking battery. Anyone can do it- and they are.
The only thing that Tesla ever "innovated" was selling tax credits- whoops, that scam only plays domestically.
Keep feeding my puts, tho- I'll happily take your money all day.
TESLA is a ponzi, as you will find out.Without growth it dies, like maybe now.
It loses money on every sale using GAAP ,with only a 1% warranty provision.
Without cheap money, and .gov grants its dead meat.
Here,here Winston!
Here, here!
Now about using coal for the Fleet....
Tesla is a battery company not a car company. They live or die on whether they can really make the improvements they claim.
Yes, no one can replicate them!!! Their stock will soon be worth 100 BILLION DOLLARS A SHARE!!!
New technology? It's a car with a big battery. Where's the innovation? Old whore in a new dress.
Practical car for the masses? They have never made a dime of profit making $90,000 cars, and now we are expected to believe they can make money selling one for $35,000?
Head and Shoulders above?
Guess you have yours up your Ass...
BMW's i8 and the pending i9 (add i3 for the citygirls), Honda and Toyota's FCVs (which are being sold cheaper than Teslas in Japan - probably the same in the USA/EU/CHN), and every other Automobile Powerhouse has something on the Cutting Edge - that will be produced in quantities that will bury TSLA.
H2 Stations? No problem - they're already deploying them in Tokyo for the 2020 Olympics; and I'm sure they'll have it Nationwide in no time and exported to the USA. ShellOil has had an H2 Station across the street from Toyota's USHQ for Years now.
Also, for the "American Through and Through", bit - Mr. Musk(who allegedly Dodged the Draft from his country of upbringing - South Africa) invested in; and allegedly took the Company T-Zero away from the Founding CEO. Reads like a case of "Vulture Capital Financiers ripping off the Inventor" to me.
How he managed to get all those Federal Subsidies must have been quite a Story to tell. Being a member of the "Tribe" may have helped; but I've been to school with "Far" more talented Aerospace Engineers and have worked a bit with the MIC.
It's a bubble-scam. "Competitors" are quashed and suppressed to allow this one to grow; but it just doesn't have the legs or the brain.
Yep, that's "American" enough for me... </sarc>
Gotta love the simpletons on this site, BMW is struggling to get a car to 100 miles per charge, can they go 3.2 seconds 0-60 mph, does any vehicle go up to 300 miles on a charge? Not even close, now lets talk infrastructure, TSLA is on track to complete a nation-wide charging station network by 2017.
And some shills and paid bashers are against that? Keep paying out money to the Arabs to drive, that's a good American.
B.S.!!!
Struggling? You must be clueless. It's a choice - not - to have a massive, combustible battery pack that costs 45K or so to replace in about 6-8 Years. Pool Shark posted - IIRC - for that replacement battery pack costs alone, his Car's Fuel Bills would have been paid for over 50years. If you think the Model S is a collector's item, its not going to happen. If you want to spend 70-115K on a ride every 6-8 years,
300 Miles? Your Idol's Model S couldn't make a trip from NYC to Boston in Mid-Winter on one charge. Wake up!!!
Read btwn the lines. Toyota "just" made their FCV Tech available at no/low charge.
Ayrab earl burns jus fine in mah Jaguar, jus fine.
That's A rab all to Jimmy Carter.
He couldn't say nucular either;)
Low gas prices make me want to run out and buy a high priced battery powered car.
My Corvette gets 30 mpg on the highway.
With Obama putting the screws to coal and nuclear, it will cost more to charge a Tesla at home then fill up at the gas station
I have a 30yr old 32ft motorhome that gets about 6mpg. Might be time for a road trip. I'll drive over any Teslas that I see.
My Ford F-250 Super Duty gets 12... wouldn't change it for the world.
And my Bradley Fighting Vehicle is almost that good!
The twin 350's in my houseboat get 1/2 mpg.
Save me Elon
There's still the RC battery cars that Elon can sell. Their uneffected by low gas prices.
"Low gas prices make me want to run out and buy [an over-]priced battery powered car."
There, fixed that for you.
Not to mention; a new battery pack every 8 years at $45,000.00 a pop.
Interestingly, today, that $45K buys 21,226 gallons of gas. That's enough to power my 4-cylinder turbo sedan 615,566 miles. At ~12k miles/year, that covers my transportation needs for the next 51.29 years...
Execpt he has 4 chicks waitin for a ride cause they know what's at the other end of the receptical.
Tesla will make only electric toothbrushes 10 years from now.
Telsa AKA "Toofless will make only subsidized electric toothbrushes 10 months from now.
fixed
And if it weren't for the sub-human, meth-addicted FSA members who'll be using them, they would be called "Teethbrushes."
Tesla didn’t generate a profit by selling sexy cars, but rather by selling sleazy emissions “credits,” mandated by the state of California’s electric vehicle requirements. The competition, like Honda, doesn’t have a mass market plug-in to meet the mandate and therefore must buy the credits from Tesla, the only company that does. The bill for last quarter was $68 million.
Absent this shakedown of potential car buyers, Tesla would have lost $57 million, or $11,400 per car. As the company sold 5,000 cars in the quarter, though, $13,600 per car was paid by other manufacturers, who are going to pass at least some of that cost on to buyers of their products. Folks in the new car market are likely paying a bit more than simply the direct tax subsidy.
With Honda sitting pretty here in Torrance, you'd expect them(and Toyota) to expand their PHEV offerings a bit more - to cover those mandates.
FCVs are on the Production Cue; but they could have done better.
With Tiffany tanking it's hitting high end retail now as well.
So much for trickle-down.
I can say with certainty that at least one of those Tesla's wound up in Nanchang. Black, looks fast when not moving, and owned by someone with more RMB than they know what to do with. Nice car.
No worry the Chinese will copy it and it be a less than half the cost.
And that will still be expensive compared to normal gas cars!
I saw one in Qingdao last week. It was outnumbered by Bentleys 10-to-one, tho.
Elon Musk draws some future BS transportation system on a napkin and Wall Street goes apeshit about it.
Obama then uses the napkin to wipe his behind in the restroom.
Tesla is a boutique car bought by rich and semi rich trendys to drive to the golf course or out to dinner. And only in moderate climes at that. Unless battery tech improves vastly it will be ran over by the times
Yes, like the Hollywood set buy a Prius, for the maid to drive.
Jokemobile.
Musk is a really good salesperson. Good job on moving this stock this high.
Game over.
"Eat or be eaten.". Time to start moving the metal before Detroit destroys the business.
They're goal is simple: " this country ain't big enough for more than one."
We'll see how Tesla Incorporated responds....
his good job was making a faustian deal with goldman. they are the ones who moved it this high and making the market in the stock.
they are making more money off marketing this stock than the company will ever make in profit.
Wake me up when Tesla and Tiffany's are both trading $20. Went into Tiffany's around 13 years ago. They wanted $2200 for a platinum ring with chips of shit diamonds scattered around the band. Went to a jeweler and showed him what I wanted. He made the same ring with a slightly heaver platinum band for $800. $1500 for a Tiffany box, feck off.
It's the same thing with the Hermes Birkin bag that sells for between 5-70k. People pay for the name, and there will always be rich willing to pay for the name. To a working class guy, it's insane, but to someone with money to burn (and there are a lot of them, and always will be), it makes perfect sense. For that reason, Tiffany stock won't be going anywhere near $20 any time soon.
How much weakness was due to low oil prices and how much was due to overall softness in China? It would be interesting to look at other companies that do business in China.
this has Nothing to do with OIl being dirty cheep ! We need an over priced electric car like we need a hole in the head
Fuck you Tesla crap car
The thing is, it's not a crap car at all. It's a very well made car. Talk to anyone who drives one. They all love them. Overpriced is a matter of opinion, but there's a reason it got the highest rating in Consumer Reports history. It's just an overvalued company.
They should ditch the POS engine and throw a small turbo V8 in and lower the price by 40k. They'd sell the hell out of em.
Shitcan the plans for the super fast people mover tube too.
Shitcan the plans for the super fast people mover tube too.
Looks like the daily bread in the silver pit. HAHAHAHA
"consumer misperceptions regarding charging..."
or
Increased competition via Electric Vehicle offerings from established auto manufacturers
Lower fuel costs petrol powered autos eating into demand
Declining purchasing power of the middle and upper middle class in the USA
Stagnating economies worldwide
TL:dr Increased competition and reduced demand
So Elon, where is the ModelX? Where is the first concept for the ModelC or even a drawing of it?
Chevy just unveiled the next gen Volt (looks terrible IMO) and a concept for a $30k city car with a 200 mile range. Toyota has gone nuts with Hydrogen fuel cell cars. Honda is going to expand the electric Fit. VW will bring the E-Up. BMW has the i3 and i8 that are fantastic.
Tesla? Well they showed a slightly faster and significantly more expensive Model S. A car that is already way past the time for its first refresh. In the high lux space you need to completely change your design every two years. At least upgrade the interior from the plastic fest that would look bad in a $20k car.
Good points, agree with all of them. "Only need one model to win."
Put everything else on the shelf and go straight for the kill...
Yep, not to mention that Mercedes will bring out their plug-in S class in the Spring- along with ever other manufacturer introducing their own plug-ins over the next year or so, the S Benz is an especially tasty dish that will cut deeply into the present Tesla client base.
10 bucks for tesla is not a significatn decline. the stock is WORTH 10$ A SHARE.
call me when tesla stock dropps more than 50 bucks in one day.
without QE4EVER it will one day.
A fine golf cart...tho a smidge pricey
who's gonna buy an electric car when gas is $2 per gal...doesnt take a rocket scientist to figure that one out
Maybe his rocket scientists over at Space X could explain it to him.
Sum Ting Wong
I thought overhead cams were pretty innovative in the 1980s until I saw overhead cams on a diesel engine from the 1930s.
The first electric cars were I believe built around 1890 and the drive line technology is pretty much unchanged today..
In college, 30 years ago, "we" built an electric car with direct drive wheels. No transmission. No universals. No drive line. No differentials. And 4 wheel drive with regenerative braking.
No one cared. And yes having the motors on the unsprung side of the suspension did expose them to a lot of wear. But I suspect that problem is solvable.
Where is the innovation at Tesla? Hooking A123 batteries in series does not seem very innovative.