>Until other manufacturers can match Tesla's price/range combination
I guess you're right, because the competitors are just starting to roll out now...
195 karma · joined June 5, 2018
I guess you're right, because the competitors are just starting to roll out now...
It's worse than that. The "analyst" is from Worm Capital. Every heard of them? Probably not. But their fund is 60% Tesla.
Why is it that "shorts" are criticized for talking their book and spreading FUD, but the "longs" are not criticized for all the stock pumping? Why are Worm Capital and the YouTube guy getting factory tours?
There is a huge gap between what these people think is happening (Tesla is taking over the world!) and reality. This company could go under and they wouldn't believe it. I've never seen anything like it.
Uh, what crash was delayed? 2008 was the worst since the Great Depression.
>Because of the bailouts however, it's now probably more lucrative than ever to work in finance
This is simply incorrect.
>so we probably have even more people working in finance today than in 2008
We have slightly more now than 12 years ago. Why would we not?
It's this mentality which is going to cost you in the long run. People have been saying "the next one is around the corner" for 10 years, and missed the biggest bull run in history. If you bought prior to the Lehman collapse you'd still be up 130%.
>Even if the government had simply paid off everyones' mortgages, it would be better for the average person
I disagree. I'm not going to pay the mortgage for someone else because someone decided they needed way more house than they could afford.
Watch Silicon Valley scramble to adjust their moral compass if Tesla fails in the same manner.
On the ground, parts of the financial services and the "working class" were responsible.
This story that it was simply a bunch of innocent people trying to fulfill the American Dream of owning a home is hogwash. People were knowingly buying property beyond what they could afford because prices would "always go up" and they could flip it to a greater fool. Greed, pure and simple, and both parties were complicit.
Don't believe me? Go watch one of the multitude of flipping shows from the era.
>Much to the contrary, they went on enjoying the same mind-boggling luxurious elite lifestyle they always did.
Let me guess, you don't work in the financial industry? Would it surprise you to learn that not everyone in it (and responsible) is a CEO? The industry was gutted, and many in it paid the price with their jobs. Why do you desire a pound of flesh?
Does any adult human actually believe this? The guy has a personal carbon footprint bigger than 99.99999% of people on earth. He just negotiated the biggest pay package ever, tied to market cap. He's being investigated by the SEC for stock manipulation. But it's all because he loves the environment. The mystique behind this guy is unfathomable.
Tesla doesn't raise prices because it would harm already waning demand for their vehicles. The fact is, very few $60k+ sedans are sold around the globe, and it's a competitive space. At that price range, people have high expectations for luxury and build quality. The Model 3 gets points for being technologically advanced, but many buyers in this price range aren't interested in being beta-testers.
It's hard to explain things to laymen, especially in subjects like economics, where everyone thinks they've got a complete understanding of the mechanics after watching a couple YouTube videos.
The supply of financial capital is high, so borrowers are not willing to pay high interest rates. I see nothing wrong with the explanation of why low rates persist.
Yeah, you're right, the CAO has nothing to do with accounting.
I also loved "talk to me when it's engineers!"
Since 2017:
Doug Field, head engineer, gone. Matthew Schwall, director of field performance engineering, gone. Jon Wagner, director of battery engineering, gone. Kurt Kelty, director of battery technology, gone. Chris Lattner, vice president of autopilot software, gone. Satish Jeyachandran, director of hardware engineering, gone. David Nistér, vice president of autopilot vision, gone.
So many people here turning a blind eye, much like they did on Theranos.
Money velocity is a post-hoc fudge factor to make the Fisher equation work. It's has little empirical value. Other than that, I'm with you.
"Money" is broad; the Fed may have printed a ton of it, but a ton more was destroyed in 2007.
I don't think you know what disinformation is. You really believe one party is deliberately misleading, while the other is not?
The Chief Accounting Officer (second one in less than a year) is a "useless MBA type"?
Meanwhile, company burns billions. Paging "Shit HN says".
Is it that easy?
Who cares? What influence do you think this article and that estimate has?
"Disinformation"; that's laughable. Tesla and Musk are being sued and investigated for stock manipulation, but you're crying about Reuters being off on their prediction. Who is showing bias? Where is the outrage?
>And just as Tesla surpasses BMW and Mercedes in car sales in the US, it's only getting worse.
Sedan sales, while the whole industry moves to CUVs and SUVs. Do you think this is sustainable, or is it clearing a backlog? Why can you get a car in 2 weeks now?
Honest question: when did you start following this company? Elon has claimed profitability for years. Where is it? Where are the economies of scale that were promised?
>By then, the shorts (with billions in backing) will do all their best to give the company an extremely bad look.
The shorts will? Really? Which stories are false?
The largest shareholders were dumping shares last disclosure. Do you have data that says otherwise?
Really? Where can I read the official quarterly numbers? Of what quality are these cars? Do they all need to be reworked?
>Musk has repeatedly stated that the company will not need to raise new money
He said that prior to raising cash the last 3 times. He also said he was going to take the company private at $420. For some reason, I'm doubtful.
Why do you think this is so obvious? Why are Facebook employees oblivious to the atrocities they contribute to?
Taking domestic propaganda into account, do you think, as a North Korean, your country looks so much worse than the US? From the most cynical view of US foreign policy?
Don't worry.
The big salaries will go to people who create value and solve problems. You can do that without a PhD. In fact, if most Data Science communities are representative, PhDs feel they're above 90% of the work required to put data to work to solve problems. You know, the ones who walk into a job and say, "Oh, I don't get to apply the latest algorithm onto a perfectly cleaned toy data set? I'm leaving!". They're going to have their lunch eaten.
How many companies are doing genuine AI research, as opposed to applying the research and tooling to their unique business problems?
Being as how "Data Science" is such a nebulous term, what is wrong with such a posting? I'd say that a data analyst with some advanced math and programming ability is a pretty rare skillset. Is it any surprise such a person is in high demand?
It's the exact opposite: as better tools are developed, there is less "formal education" required. In the same way that Web Devs are in high demand, and nobody needs a Computer Science degree to do that work.
The reality is, "data driven decision making" is something businesses large and small are discovering they need. And often times that sort of analysis requires a regression, or maybe something slightly more sophisticated. What these businesses do not need is some cutting edge algorithm or complex AI pipeline.
There is a ton of gate-keeping in this space, as the the PhDs learn that domain experience and business acumen are more important than a deep knowledge of the algorithms. A significant amount of the work is cleaning and processing the data. This is the way of the world. At the end of the day, most business problems boil down to inference and prediction, and most times you don't need to be incredibly precise; the easy 80% will do.
What is so unique about Supercharger technology that can't be replicated by 1) the other auto manufacturers or 2) the oil companies who will need to replace their fuel station income?
It's a plug, not exactly rocket science. Superchargers aren't even state-of-the-art anymore.
Most of the main stream media seems completely oblivious to the struggles with parts and service Tesla is having. Twitter and the forums are filled with people who have had their cars waiting for parts for weeks and sometimes months. And this supply chain will be strained moreso after all these Model 3s have been in service for a while.
Meanwhile, some people talk about how superior this system is. Can anyone explain the difference between a "dealer" and a "Tesla service centre/store"?
It's hard to imagine someone stating these things seriously. So well built? Go to the Tesla Forums; buyers are being recommended to bring a checklist of defects to look for before you agree to take ownership, and are routinely rejecting delivery. That is unfathomable in the auto industry, unless you're talking about Soviet Russia. "Improving"? Maybe. But "so well built"? That's a stretch. But don't take my word for it, go and see for yourself.
And profitable? By what metric? Again; maybe. That is their intention, but there is zero evidence of that, and in fact evidence to the contrary.
It constantly amazes me how Tesla fans seem so oblivious to the realities of the struggles the company is facing. Yes, the EV revolution is coming, but there is no guarantee Tesla will lead the way.
>Also, it's fun to drive next to a Viper and throw shade.
Oh, you mean the Viper, that is a full second faster than Performance Model 3 0-60, brakes 50% faster 60-0 and runs the quarter mile 2 seconds faster? What shade are you throwing, exactly?
Yeah, all "legacy" is bad. What could they possibly have learned in 100 years of building cars? Nothing that Tesla can't replicate in less than a decade! Meanwhile, Tesla owners are recommending a checklist of possible defects to look for when you go to pick up your vehicle. Non-super-fans will never tolerate that.
No bells and whistles? Simpler than the tactile interface of legacy cars? This is simply not true.
Maybe the world "mastermind" is throwing me off, but how do you prevent something like this from devolving into "yet another networking activity"?
There's value in stepping out of the always-on, startup culture and interacting with the other half.
Create a Twitter account and get on FinTwit (finance Twitter). Find the people doing real research (you have a couple in your list, Dalio, Grantham, I follow some of the guys from Ritholtz Wealth Management who are active on the platform) and follow their retweets or follows. More information than you can handle.