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I think it's very unlikely there will be good direct answers to all of these, but some of them are capable of being "we won't be proceeding with that" and have
by ggm 2y ago
I think it's very unlikely there will be good direct answers to all of these, but some of them are capable of being "we won't be proceeding with that" and have less consequence than you might think: Stepping back from higher risk futures does mean heading off blue sky profit, but it also stops cash bleed. So from an investor point of view, with both bulls and bears involved, some walk-back responses please some investors, as well as annoying others.
The roof tile venture (and battery tech for non-vehicle uses) are good precisely because they are about achievables. The semi likewise, is clearly viable, given other market trends from European manufacturers (I tend to think this is one niche battery swap is a no brainer in. but Tesla/Musk may still disagree)
The Sub $25,000 car thing: That market now belongs to China. MG, BYD and GWM have product at scale. I think Tesla missed a niche but that said, why deliberately pursue low profit margin sales? If the market for expensive Tesla cars is holding up, you have to believe in 10x sales down the bottom end to want to invest to meet it. The mistake was saying it: Not delivering may be a sound strategy (even if it annoys me)
I'm not an EV owner, or direct investor.
- Zigurd 2y agoEvery word of this is true and if we were talking about GM it would all be sensible. But we're talking about a meme stock with an expired set of memes. What levitates the share price to maintain a PE ratio of 107?