I still on some level root for Tesla, I just feel that its important to have some kind of critical opinion instead of turning every social media site into some kind of Tesla lovers fanboi site, seems foolish to be that way.
Only thing I really don't like about Tesla car is the crushing hazard potential of being on an ebike and the possibility of being run over by EVs that are significantly more heavy in weight than traditional cars, it just means I have significantly less chance of surviving, and the idea that I got run over by mediocre autopilot technology that has a single standard optical lens camera to know where its going is unsettling I have to say.
I am also dubious on total emissions/pollution from the car from its initial manufacturing point of view, I think folks like environmentalist like Ozzie Zehner who have incredible insight into whats truly clean and what's not clean call EVs "bullshit" in general, but one could still argue EVs are a good start in general.
The distinguished New York Times put out a pretty interesting article on Tesla and the "funny smells" coming out of the company
Titled: Unraveling a Tesla Mystery: Lots (and Lots) of Parked Cars
Groups of new vehicles are being detected in unexplained locations across the country. Evidence being posted online has raised questions about production, logistics, quality and even demand.
https://www.nytimes.com/2018/10/01/busi ... tions.html
To me Elon's excuse that there is just a logistics problem is nothing but a decent IQ test question in reasoning and probabilities.
The problem against Elons excuse that its a mere "logistics problem" is that how could the company not know they were going to need to deliver EVs in the face of years of ramping up monthly car production, as even someone living in a cave in Afganistan has heard about the big 5000 cars a week goal from Tesla.
From the article. >
He attributed the problem to a shortage of trucks to haul cars around the country.
“That’s total nonsense,” said Mark B. Spiegel, a managing partner at Stanphyl Capital, which has a large position shorting Tesla. He is a vocal critic of the company and Mr. Musk on Twitter. “A quick search would reveal plenty of car hauler capacity. Perhaps Tesla doesn’t have the cash to pay for them.”
The Auto Haulers Association of America is not aware of any shortage of car haulers, nor of any other automakers that are having trouble shipping new vehicles. “There’s quite a few carrier companies in California,” said Guy Young, the association’s general manager.
While I don't short stocks, I see the argument in Tesla valuation being overvalued. Simply because there are always continuous "hidden costs" as Tesla grows, even if it's just "spending on logistics", so it needs to always invest more money and this big goal of making a profit keeps moving away like chasing a rainbow. This is why its all starting to smell a bit weird.
A lot of the most successful "smartest guys in the room" financial banks like the one Warren Buffet does all his business with, Goldman Sachs, have a significantly lower valuation of Tesla than what the market has right now.
These articles are all over the place, so there is no excuse, its more like a religious belief in Tesla rather than a numbers/logic one.
https://www.zerohedge.com/news/2018-09- ... ice-target
I don't think *any* of these short sellers expect Tesla to be worthless, more like $195 valuation Goldman Sachs places on the stock.
I don't think this is an argument of whether Tesla business is viable, but rather is the Tesla stock price realistic being worth more than any other car maker in the world, which is what its stock price is valued at more or less right now https://techcrunch.com/2017/04/04/tesla ... automaker/
Mainstream media aren't going to reference Goldman Sachs valuation of Tesla because there is way more money telling the majority of folks what they like/want to hear. This is the reason "spectrum privilege" is a cancer on modern society.
The article above on Zerohedge which merely goes over a small portion of the Goldman Sachs Tesla report, shows Tesla has a comparatively huge amount of debt at $11.6billion compared to other car manufacturers.
And while it's easy to overlook the report's claims of new BEV competitors (Battery Electric Vehicle), just look at this list. And this list excludes "New EV entrants" which is an almost as big list with companies like BYD, Dyson and Fisker etc joining in on EV car market in 2019+.
https://www.zerohedge.com/sites/default ... k=nh1dD4Tl
https://www.businessinsider.com.au/why- ... se-2018-10
^ This article is a pretty good simple overview. This chart below makes some of the argument for Tesla being overvalued quite 'easily absorbable', making this easily absorbable just can't be done enough for people, that's why Twitter with its tiny character message limit exists and has been so successful, because most people just can't be bothered reading anything more than a sentence.
It never ceases to astound me how much people can ignore easily absorbable facts, even on this forum.
https://www.businessinsider.com.au/why- ... se-2018-10
https://static.businessinsider.com/imag ... 8b5762.jpg
^I decided to include the "new entrants" EV list as well that's coming over the next few years, I understand logic behind not even including it with established vehicle manufactures who are coming online in merely 6 months in 2019, and I think this is the main reason for Elon's nutty behaviour recently, he knows, that all up, there is massive competition hitting him in less than a year and it only gets a lot worse in 18months time.
And being the worlds biggest battery maker isn't enough, as Panasonic through which he is partnered with, doesn't even allow him to own the technology that makes the batteries, its more of a business scenario where Tesla gets to rent lithium cell making equipment inside Tesla's giant manufacturing buildings, this is barely a "business moat" that Warren Buffet is famous for looking at when investing in businesses long term.
And long-term or at least the next few years is where stocks are valued/measured, not like measuring a solar panel energy delivery merely during 1pm on a sunny day during the peak of summer.
You can Google any of those 2019 (less than 6 months away) new BEV models on the list and see them for real and watch a review of it on Youtube etc
https://www.telegraph.co.uk/cars/featur ... i-kona-ev/
https://www.youtube.com/results?search_ ... a+Electric
Hyundai Kona Electric reviews on Youtube