Congratulations @elonmusk for becoming the richest person and richest fraudster on Earth! I've summed up the combined lifetime revenues and wages paid by all your companies and compared them to your net worth (+42.0%). Doesn't make sense? Neither does your net worth
$TSLA $TSLAQ
This person suddenly sends low-paid workers on unpaid leave at Christmas bc of "retooling" (would have cost maybe a million?). Orders them to work during a pandemic. Factories are dangerous, filled with systemic racism.
Any and all his "profits" come from governmental sources like regulatory credits: selling other car-makers the right to pollute the planet. He has raked in tens of billions of subsidies from the average taxpayer but criticizes subsidies for others.
Calls heros pedos, ruins their lives, while tweeting, umm, interesting stuff. Ex-wife feels the need to deny Epstein ties. Something about pedophilia and Epstein always comes up with this person, but I'm sure it's just coincidence.
People die due to faulty products like fake "auto" pilot, sudden unintended acceleration, cars catching fire, wheels falling off.
Other times it's "just" bumpers and roofs, so not everyone dies.
This is the wealthiest person on Earth.
Enjoy while you can, @elonmusk. You've bought your freedom for now. You are untouchable. But remember: all frauds go down at a point.
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2/ Tesla has made 12.5k more Model 3's than it has sold in 2020, even after having started the year with ample inventory. #Tesla isn't production constrained, it's demand constrained.
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3/ #Tesla had at least 635k stated production capacity, accounting for shutdowns (and a bit more). We know that in reality, Shanghai made more than stated capacity. That's 80% utilization. Skoda runs at 120%. $TSLA isn't production constrained, it's demand constrained.
1/ Now that I’ve reached 4206.9 followers, I thought it’d be time for a *short* historical overview.
I’ve joined Twitter in October of 2018. I had a specific reason in mind regarding $TSLAQ, so I wanted to become part of the community.
$TSLA
2/ But I haven’t planned my presence for long. Hence my handle: I wanted something I couldn’t emotionally relate to. @fly4dat sounded like something even below neutral. Who likes flies anyway? Not even flies do in some cases.
3/ First, I was trying to add value by finding some strange stuff, of which, at that time, have been way more than now.
Lots of speculation about M3 ramp-up, SuX refresh (LOL), and the evergreen scams: FSD, the Semi, the Roadster.
1/ ICCT came out with their October European analysis. Bottom line: Daimler, FCA/Tesla/Honda and VW don't look good, Ford-Volvo not too close while the others are close to the target.
$TSLA $TSLAQ
2/ However, if you look close enough, October #'s are usually much closer to the targets (that vary by OEM! as their car sizes and other parameters vary too) than yearly averages. Based on that alone, Nov/Dec will help pretty much everone better than average reach targets.
3/ For example, look at Daimler: their share of electrified vehicles has doubled during the year.
Oct figures don't include models like Volvo XC40, Renault Twingo, Fiat 500e, VW ID.4 and others that will add to Nov-Dec data, while most others have a strong EOY push.
Important: ships came late so Nov is totally irrelevant but for SuX (which stands at -50% YoY but will get somewhat less bad with more countries reporting).
2/ Shareholders of other OEMs are shareholders there and not in Tesla for a reason. They wouldn't accept $TSLA shares without guarantees that they can get out safely. However, financial engineering has always been Tesla's strong suit, and there is too much at stake here.
3/ Others argue that $TSLA would fail at a DD. Well, there are always some utterly corrupt C-suites, not necessarily only Italians, if you know what I mean. Also, 2/ answers the DD question too.
2/ But there is always some inventory left (logistics hiccups, rejects, even if everything gets sold). 2-3k seems to be the minimum now, so 27-28k is a theoretical maximum.
As we don't yet know December demand, I'll report back with my estimate later. Expect 24-28k.
3/ That 10-15% yearly M3 fall is after SuX drop of 30-35%. In a market where BEV sales ex-Tesla will have grown by 150% (2.5x).