ZDF broadcast its report "Turbo, Tempo, Tesla" at 9 pm on 16 March 2021 at prime time
It was about the new gigafactory in Berlin, the contentious issue of water reserves and Tesla's PR work, which sometimes seems distant in Germany
Tesla is building the factory south of Berlin at record speed
The fear is obviously that the series production of 500,000 electric cars annually in Grünheide could affect significant parts of the water supply
An irritated Musk contradicts the portrayal in the film
There, Musk clarifies in a superimposed tweet that Tesla will not need that much water every day and that the figures given by ZDF are peak loads
What's piquant is that ZDF has obscured part of Musk's statement with white paint
Tesla certainly has the Musk bonus - most recently he skilfully put himself in the limelight in the "meme hype" at GameStop to increase popularity - and relies on other marketing effects like German premium manufacturers
The German media have taken exception to Tesla's somewhat detached PR work
The "PR word" Gigafactory is the main target of media criticism
According to ZDF information, Tesla also has "online armies that take over the defence work and information policy for Elon Musk", according to the conclusion of the broadcaster financed by compulsory fees
On the positive side, at any rate, exploration for new groundwater reserves in Brandenburg are currently underway
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@ModelQ23@ConwayYen "What's the difference between gross margin and operating margin?"
A lot
Let's see if I can illustrate it clearly enough with my existing slides on the Auto business
1. In the picture here we can see the average selling price of a Tesla car in 2020 Q3 as $54,523
@ModelQ23@ConwayYen 2. The two Red parts of the bar represent the Cost of Goods
Which is all of the direct costs of actually making the vehicle, including :
- Raw Materials
- Parts and Components
- Energy
- Labor
- Equipment
- Factory
- Manufacturing Overhead including Factory Management
@ModelQ23@ConwayYen 3. Most of those are Costs that get paid in Cash at the time of production
- but the Factory Buildings and Equipment had to be built in advance so they are already paid for and instead get charged as a non-Cash Depreciation charge to "recover" those investments
Korea's local daily newspaper Chosun Ilbo today claims an exclusive report on a renewed partnership between Tesla and Toyota
This seems highly speculative so we should wait to see or hear something more concrete from Tesla chosun.com/economy/int_ec…
Here is a translation of the Chosun Ilbo report :
It is heard that Tesla and Toyota have been reviewing their partnership since last year and are nearing the final stage
According to an official from the Japanese auto industry on the 28th, Tesla and Toyota are considering co-developing a small electric SUV platform as the basic frame of the car
The alliance review has been under way since last year
Credit Suisse and Nomura warn of losses after $20bn stock fire sale
- a major Prime Brokerage Client defaults on their Margin Calls and they dump the shares that it was holding into the market to cover their exposure on.ft.com/3waENaK
Archegos - read as "Arch Egos" - is a family office that manages the wealth of Bill Hwang, a “Tiger cub” alumnus of Julian Robertson’s legendary Tiger Management hedge fund
It had about $10bn of assets last week according to prime brokers
New York-based Hwang previously ran the Tiger Asia hedge fund, but he returned cash to investors in 2012 when he admitted to wire fraud relating to Chinese bank stocks