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UAW Marketing Dept. You know those folk who got rid of the California auto industry the first time? They want to do it a second time.
 

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https://www.theguardian.com/technology/2017/may/18/tesla-workers-factory-conditions-elon-musk

Elon admits workers are “having a hard time, working long hours, and on hard jobs”.
Gotta get that Model 3 rolling off the production line on time no matter what. TSLA's stock price depends on it.
One point is very true: TSLA stock is overvalued. As the expected production date get closer, TM has to borrow more money to build up inventory, and some financial analysts predict a "crash" if TM doesn't fulfill its "promises". So TM is in the "calm" before the "Storm" and the analysts recommend selling before the "storm" happens.
 

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This would be the analysts who are shorting the hell out of the stock and who stand to take a massive bath if the stock doesn't tank as they predicted.
 

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TSLA will adjust. There is no logical reason for the price to be where it is at. Any other company would have tanked their share price by recent events. There is nothing on the balance sheet or history that indicates it will be a profitable enterprise in the near future, and it still climbed.

It is interesting that Elon is getting paid in options when he hits milestones, one of them is the Model 3. It is in his personal best interest to push the 3 out the door ASAP and at the $35k regardless of the effect on the business.
 

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UAW Marketing Dept. You know those folk who got rid of the California auto industry the first time? They want to do it a second time.
UAW marketing department just make this up too?

"Tesla’s manufacturing practices appear to have been most dangerous in its earliest years of operations. The company does not dispute that its recordable incident rate (TRIR), an official measure of injuries and illnesses that is reported to workplace safety regulators, was above the industry average between 2013 and 2016.

Tesla declined to release data over those four years, saying such information “doesn’t reflect how the factory operates today”.


Also:

However, some Tesla workers argue the company’s treatment of injured workers discourages them from reporting their injuries. If workers are assigned to “light duty” work because of an injury, they are paid a lower wage as well as supplemental benefits from workers’ compensation insurance, a practice that Tesla said was in line with other employers and California law. Tesla said some injured employees are also able to undertake “modified work” on regular pay.

“I went from making $22 an hour to $10 an hour,” said a production worker, who injured his back twice while working at Tesla. “It kind of forces people to go back to work.”

“No one wants to get a pay cut because they’re injured, so everyone just forces themselves to work through it,” added Adam Suarez, who has worked at the factory for about three years.


Sounds like a company culture where assembly line workers are discouraged from reporting injuries and told to just "man up" for the sake of the company ('s production goals).

But this is all just a ploy by UAW to bring down Tesla, right?
 

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UAW marketing department just make this up too?

"Tesla’s manufacturing practices appear to have been most dangerous in its earliest years of operations. The company does not dispute that its recordable incident rate (TRIR), an official measure of injuries and illnesses that is reported to workplace safety regulators, was above the industry average between 2013 and 2016.

Tesla declined to release data over those four years, saying such information “doesn’t reflect how the factory operates today”.


Also:

However, some Tesla workers argue the company’s treatment of injured workers discourages them from reporting their injuries. If workers are assigned to “light duty” work because of an injury, they are paid a lower wage as well as supplemental benefits from workers’ compensation insurance, a practice that Tesla said was in line with other employers and California law. Tesla said some injured employees are also able to undertake “modified work” on regular pay.

“I went from making $22 an hour to $10 an hour,” said a production worker, who injured his back twice while working at Tesla. “It kind of forces people to go back to work.”

“No one wants to get a pay cut because they’re injured, so everyone just forces themselves to work through it,” added Adam Suarez, who has worked at the factory for about three years.


Sounds like a company culture where assembly line workers are discouraged from reporting injuries and told to just "man up" for the sake of the company ('s production goals).

But this is all just a ploy by UAW to bring down Tesla, right?
I'm not saying the UAW is making things up, but I've seen the same tactic used when I was UAW.
 

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Here's a question, if you have Tesla on your resume, any reason that you wouldn't be the top candidate the majority of the time when applying to GM?

Article is clickbait, they should have at least made an attempt to make the article look balanced...
 

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This would be the analysts who are shorting the hell out of the stock and who stand to take a massive bath if the stock doesn't tank as they predicted.
Betting on one stock going up or down is very risky. I can predict Tesla stock will go up. I can also predict Tesla stock will go down. I cannot predict when and by how much. Either buy and hold, or don't mess with this at all. Didn't anyone learn their lesson during dot bomb, the financial crisis, 1929?
 

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Betting on one stock going up or down is very risky. I can predict Tesla stock will go up. I can also predict Tesla stock will go down. I cannot predict when and by how much. Either buy and hold, or don't mess with this at all. Didn't anyone learn their lesson during dot bomb, the financial crisis, 1929?
No, No they did not.

Keith
 

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I buy and hold. Big believer in DRiPs. Don't hold any Tesla stock. The quickest route to poverty is day trading and shorting stocks. Sure, some people make a killing, but people holding a short position have a strong incentive to trash a stock at every opportunity. If Tesla come's within 70% of making its numbers shorts are going to bleed out. It has a real prestige product in a dynamic market with a bright future.
 

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I buy and hold. Big believer in DRiPs. Don't hold any Tesla stock. The quickest route to poverty is day trading and shorting stocks. Sure, some people make a killing, but people holding a short position have a strong incentive to trash a stock at every opportunity. If Tesla come's within 70% of making its numbers shorts are going to bleed out. It has a real prestige product in a dynamic market with a bright future.
I too do not hold any Tesla stock myself (might have some buried in some mutual funds). I'll let the wall street sharks et each other alive. The time to buy Tesla was after their IPO and before the model S release. If it were to take a major tumble when model 3 rolls out, I think it's still too risky to jump in. Model S and X sales still stall as people are awaiting the less expensive option, they will be hemmoraging more than ever, and any hiccup, they could go under or require a buyout. I'm not wishing doom and gloom on Tesla, quite the opposite, I hope they make it. But the success of the presales of the model 3 upped the ante in a very major way.
 

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I'm not saying the UAW is making things up, but I've seen the same tactic used when I was UAW.
I've been on the A-team in a non-union shop. I worked Christmas more than once. My record for contiguous hours worked is 22.5. Our attitude was that the machines/cars/whatever had to go out on a certain day and we had to get it done and done right.

So I'm very familiar with what's going on. But it was always voluntary for us. You cannot make these things mandatory. That part disturbs me.

I don't think it's fair to call conspiracy. If there's a problem it needs to be outed. I was happy to read they brought in ergonomics experts and a third shift. Things may actually be improving.
 

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Please continue to stay on topic... :)
 
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