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Exactly, I was reading they were having people pay in full for cars not yet delivered, etc, just to get sales numbers. Considering sales this month were only half of the first month of last quarter, they don't look near as good as last quarter. Tesla is still fine, but they play a lot of games with investors.
 

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24 month leasing, big discounts on high ticket inventory cars, sell off of their demo cars, all of this gave the illusion of profitability.

Wall Street wasn't buying it. The price stayed flat even though the news of "profitability" should have made the stock price soar.

In fact, as we speak, TSLA is falling. It's below 190 and looks like it will continue to fall.
 

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Tesla's major capital expenditure budget item is most likely for all the machinery and other capital improvements required at the Fremont plant and the Nevada Gigafactory to gear up for M3 production. The fact they are "behind" on those expenses and would have to spend $1B in Q4 to meet their 2016 target suggests that their ramp-up for M3 production is behind schedule. You can't really get tooled until you feel 100% confident the engineering pencils are really "down".

Elon may be spending some more time in his sleeping bag in Q4. Good thing REI is just down the street from the Fremont plant.
 

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On the brighter side of Tesla:

Tesla beat wall street's earnings

http://www.cnbc.com/2016/10/26/tesla-reports-third-quarter-earnings.html

I know that this is what this thread is about but considering they were not suppose to make a profit in the 3rd quarter...well they did just don't get use to it until the Model 3 is in production and the Battery plant is churning out new batteries. Until then it costs a lot of money to spool up production in the largest plant in the Country along with creating a production facilities to make the most sought after electric car.

You did notice that Tesla said they wouldn't need any more funding as profits are up so much that they can manage to pay for all this without another round of investments.

Another great little bit of news for Tesla on this anti Tesla site is that Sales are up 70% year over year:

http://www.zdnet.com/article/tesla-sees-record-deliveries-in-q3-with-70-percent-sales-increase/

In other words Tesla sold more electric cars last quarter than the Bolt will sell all next year.
 

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On the brighter side of Tesla:

Tesla beat wall street's earnings

http://www.cnbc.com/2016/10/26/tesla-reports-third-quarter-earnings.html

I know that this is what this thread is about but considering they were not suppose to make a profit in the 3rd quarter...well they did just don't get use to it until the Model 3 is in production and the Battery plant is churning out new batteries. Until then it costs a lot of money to spool up production in the largest plant in the Country along with creating a production facilities to make the most sought after electric car.

You did notice that Tesla said they wouldn't need any more funding as profits are up so much that they can manage to pay for all this without another round of investments.

Another great little bit of news for Tesla on this anti Tesla site is that Sales are up 70% year over year:

http://www.zdnet.com/article/tesla-sees-record-deliveries-in-q3-with-70-percent-sales-increase/

In other words Tesla sold more electric cars last quarter than the Bolt will sell all next year.
In the US or globally? How many Bolts were sold last quarter? Pretty sure that's an easy figure to best.
 

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Stop bringing your positive Tesla energy to this site. /s

Don't you know that only irrational Musk/Tesla bashing is allowed on this board? There's some weird cognitive dissonance going on when the company that spurred the development of the car we all drive is routinely hated here.

On the brighter side of Tesla:

Tesla beat wall street's earnings

http://www.cnbc.com/2016/10/26/tesla-reports-third-quarter-earnings.html

I know that this is what this thread is about but considering they were not suppose to make a profit in the 3rd quarter...well they did just don't get use to it until the Model 3 is in production and the Battery plant is churning out new batteries. Until then it costs a lot of money to spool up production in the largest plant in the Country along with creating a production facilities to make the most sought after electric car.

You did notice that Tesla said they wouldn't need any more funding as profits are up so much that they can manage to pay for all this without another round of investments.

Another great little bit of news for Tesla on this anti Tesla site is that Sales are up 70% year over year:

http://www.zdnet.com/article/tesla-sees-record-deliveries-in-q3-with-70-percent-sales-increase/

In other words Tesla sold more electric cars last quarter than the Bolt will sell all next year.
 

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In fact, as we speak, TSLA is falling. It's below 190 and looks like it will continue to fall.
It's the Bolt effect casting its shadow. Each day that passes by, the reality of the Bolt sinks deeper in with the Tesla crowd. Motor Trend's Model S 60 vs. Bolt comparison was, in a sense, a passing of the Torch of Leadership in the EV world from Tesla to (horrors!) Chevrolet/GM. That the Bolt held its own in range & performance and shined in passenger room and comfort at half the price of the Tesla was no less than a nuclear shock to the minds of many.

Investors have to be reading the handwriting on the wall. Tesla no longer is alone in offering long range EVs, and suddenly, it has become clear that what they do have to offer is going to be more difficult to justify in terms of value.
 

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This may be the funniest thing I've read in a long time.

It's the Bolt effect casting its shadow. Each day that passes by, the reality of the Bolt sinks deeper in with the Tesla crowd. Motor Trend's Model S 60 vs. Bolt comparison was, in a sense, a passing of the Torch of Leadership in the EV world from Tesla to (horrors!) Chevrolet/GM. That the Bolt held its own in range & performance and shined in passenger room and comfort at half the price of the Tesla was no less than a nuclear shock to the minds of many.

Investors have to be reading the handwriting on the wall. Tesla no longer is alone in offering long range EVs, and suddenly, it has become clear that what they do have to offer is going to be more difficult to justify in terms of value.
 

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It's the Bolt effect casting its shadow. Each day that passes by, the reality of the Bolt sinks deeper in with the Tesla crowd. Motor Trend's Model S 60 vs. Bolt comparison was, in a sense, a passing of the Torch of Leadership in the EV world from Tesla to (horrors!) Chevrolet/GM. That the Bolt held its own in range & performance and shined in passenger room and comfort at half the price of the Tesla was no less than a nuclear shock to the minds of many.

Investors have to be reading the handwriting on the wall. Tesla no longer is alone in offering long range EVs, and suddenly, it has become clear that what they do have to offer is going to be more difficult to justify in terms of value.
Ironically, the shadow's actually being cast by SolarCity.
 

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Ironically, the shadow's actually being cast by SolarCity.
The Solar City thing is but a symptom of what is at hand: scrambling around to ensure the survival of Musk's entire empire of which Tesla is but one part. Perhaps the most important part...for it has turned Musk, whose visions came true with the Model S, into a deity. That godly image has driven Tesla's stock value way above expectations which has given Musk reason to turn his big dreams into reality.

However, the world in which Tesla operates is not static. Nor is it without challenge, which is where Tesla has been operating up to now. Out of nowhere came the Bolt, filling the space that Musk was targeting with the Model 3. All reports on the Bolt conclude it to be groundbreaking, to be compelling. And it will be in consumer hands long before the Model 3.

So - it is the Bolt's shadow which is waking up Tesla investors to the unforgiving reality of the automobile business. Will Musk come through with a profitable, compelling competitor at the mid $30k price level soon enough? And before the answer to that question surfaces, will the Bolt - priced tens of thousands of dollars below the cheapest Tesla - redefine value for EVs and bump the Model S off its pedestal?

Stay tuned.....
 

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Stop bringing your positive Tesla energy to this site. /s

Don't you know that only irrational Musk/Tesla bashing is allowed on this board? There's some weird cognitive dissonance going on when the company that spurred the development of the car we all drive is routinely hated here.
BS. There are many VOLT/Tesla owners here. What gets bashed is the "only Tesla can make a EV", "only Tesla has the EV engineering know-how" attitude that some post here. Same for the Tesla announcements on pricing and delivery dates which have been historically inflated.

And let's not forget that there are Tesla folks who bash the Volt because it has an ICE range extender.
 

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LOL.

Says the guy who thinks Chevy build quality and reliability is better than Tesla.

Quod Erat Demonstrandum

BS. There are many VOLT/Tesla owners here. What gets bashed is the "only Tesla can make a EV", "only Tesla has the EV engineering know-how" attitude that some post here. Same for the Tesla announcements on pricing and delivery dates which have been historically inflated.

And let's not forget that there are Tesla folks who bash the Volt because it has an ICE range extender.
 

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Until someone else makes a BEV that looks as sporty and stylish as the Model 3, the Model 3 will have plenty of customers. The Bolt is definitely not that car. I personally would buy a Bolt, but many consumers shop with their eyes first or demand a prestige brand and would never buy a Bolt (I'm thinking about BMW 3 series customers). Plus the supercharger network is a big selling point still.
 

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Until someone else makes a BEV that looks as sporty and stylish as the Model 3, the Model 3 will have plenty of customers. The Bolt is definitely not that car. I personally would buy a Bolt, but many consumers shop with their eyes first or demand a prestige brand and would never buy a Bolt (I'm thinking about BMW 3 series customers). Plus the supercharger network is a big selling point still.
The Model 3 will blend in with the Hyundai Elantra and Mazda 6 traffic because its design is rooted in the ICE past. The Bolt will stand out because it casts aside old conventions, replaced by an efficient design language which maximizes people space and minimizes exterior footprint. The benefits its design offers will be well received while old style designs like the Model 3 become seen as obsolete.
 

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It's the Bolt effect casting its shadow. Each day that passes by, the reality of the Bolt sinks deeper in with the Tesla crowd. Motor Trend's Model S 60 vs. Bolt comparison was, in a sense, a passing of the Torch of Leadership in the EV world from Tesla to (horrors!) Chevrolet/GM. That the Bolt held its own in range & performance and shined in passenger room and comfort at half the price of the Tesla was no less than a nuclear shock to the minds of many.

Investors have to be reading the handwriting on the wall. Tesla no longer is alone in offering long range EVs, and suddenly, it has become clear that what they do have to offer is going to be more difficult to justify in terms of value.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.

Thanks for the laugh.

As I said Tesla sold more EV's in its last quarter than Chevy will sell all next year. This of course doesn't even count when the Model 3 comes online.

I can also guarantee you that if you go up to anyone interested in driving an EV and not the die hard fans that are on this site and ask them what they think of the Bolt you will get the 1,000 yard stare right before they say what is a Bolt.

Also I don't think Porsche, Audi, BMW, Maserati, Mercedes, VW are launching products to compete against a car that at best will sell 40,000 a year compared to one that is expected to sell over 500,000 a year.
 
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