Electric Car Prediction - Whatdayathing???

[Panope]

I am hanging out for the all electric VW van...

Just for you. https://www.zelectricmotors.com/available

Sign me up!

[Olaf Hart]

It’s called a VW Buzz....

https://www.caradvice.com.au/747679/vw- ... a-in-2022/

[TheOffice]

The Model 3 was the 3rd best selling vehicle in California in the first quarter, outselling everything except the Camry and Accord, and crushing the BMW 3 by almost 7:1! And that was a bad quarter.

Almost time to buy some stock. Its under $200.

[kdh]

The Model 3 was the 3rd best selling vehicle in California in the first quarter, outselling everything except the Camry and Accord, and crushing the BMW 3 by almost 7:1! And that was a bad quarter.

Almost time to buy some stock. Its under $200.

I'll buy at $10.

[BeauV]

The Model 3 was the 3rd best selling vehicle in California in the first quarter, outselling everything except the Camry and Accord, and crushing the BMW 3 by almost 7:1! And that was a bad quarter.

Almost time to buy some stock. Its under $200.

I'll buy at $10.

I'm with Keith on this. As much as I love these cars, the way the company is run is terrible for investors. I only hope that whoever takes over Tesla, probably a large car company buying them, they continue to build great cars. That said, it would only take a few years for Tesla to be destroyed by typical Detroit management. Ah me.....

I have passed on every single round of investment in Tesla since their Series A. Each time, the answer above was the same. Great product, terrible management. This is there third generation of management, there were two generations before Elon took over. He is an upgrade (believe it or not) to the prior two generations.

[LarryHoward]

The Model 3 was the 3rd best selling vehicle in California in the first quarter, outselling everything except the Camry and Accord, and crushing the BMW 3 by almost 7:1! And that was a bad quarter.

Almost time to buy some stock. Its under $200.

I'll buy at $10.

I'm with Keith on this. As much as I love these cars, the way the company is run is terrible for investors. I only hope that whoever takes over Tesla, probably a large car company buying them, they continue to build great cars. That said, it would only take a few years for Tesla to be destroyed by typical Detroit management. Ah me.....

I have passed on every single round of investment in Tesla since their Series A. Each time, the answer above was the same. Great product, terrible management. This is there third generation of management, there were two generations before Elon took over. He is an upgrade (believe it or not) to the prior two generations.

I think you have it completely correct Beau. Takes a bit of a mad hatter to rethink the car and deliver the innovation. Takes a hard core businessman and manufacturing mindset to run a successful car company. Without the first, you don;t get a Tesla. Without the second, you don't stay in business. The Secret Sauce is the right mix of management at the right time. As we have opined several times here, Tesla needs a different management mix to take the next step. Elon seems to be resisting it to the company's detriment. At what point does the "independent" Board become liable for not representing shareholder interests?

[kdh]

I noticed this morning that Musk owns 20% of the shares. Whoever the management is, at that level of ownership they'll be answering to him.

[LarryHoward]

I noticed this morning that Musk owns 20% of the shares. Whoever the management is, at that level of ownership they'll be answering to him.

Exactly and Musk picked all of the board members and the rest of the board will excuse anyone he wants gone. Unhealthy at least. I'm a bid believer in independent boards not serving at the whim of the COO.

[kimbottles]

I noticed this morning that Musk owns 20% of the shares. Whoever the management is, at that level of ownership they'll be answering to him.

Exactly and Musk picked all of the board members and the rest of the board will excuse anyone he wants gone. Unhealthy at least. I'm a bid believer in independent boards not serving at the whim of the COO.

Yes, otherwise what is the point of having a board?

When Tom and I owned 100% of our company we appointed a Chairman who was not serving at our whim. He was completely independent of us and it was very good for the company. He is still the chairman of the company under the new ownership.

[kdh]

Public companies are required to have boards who represent shareholders, the owners of the company.

To my thinking Elon Musk and Tesla are inseparable, for more reasons than his owning 20%. As lousy a manager he may be in an extremely challenging and competitive industry the stock price is largely about worship of innovation, the future, and Elon himself, the Jesus Christ of technology as a means to happiness.

He's the son of God. God being Steve Jobs, of course.

[BeauV]

Keep in mind that Henry Ford was considered a bit of a nut case during his time. It could be that Elon is a "Henry Ford" or he could be too crazy to make it. Henry Ford certainly got close to failing repeatedly and was entirely written off when he decided to "overpay" his employees.

I just think that the key question for an investor is: What's the stock price going to be when I wish to sell?
I think the key question for a Tesla car purchaser is: Do I love the car and will Tesla stay in business for the duration of the time I own the car?

A problem that most folks face it confusing these two different questions. As a person who owned a Ferrari when it was continuously on the brink of bankruptcy, I got used to differentiating between the two.

[kdh]

I just think that the key question for an investor is: What's the stock price going to be when I wish to sell?

Amen, brother. Related question: What's the stock price going to be when I wish to cover (a short position)?

[kimbottles]

Public companies are required to have boards who represent shareholders, the owners of the company.

Yes, as a former Peat Marwick Auditor I am well aware of that requirement; but the actions of some public company boards seem to miss that mark, sometime by quite a large margin. (Of course this is just my opinion.)

[kdh]

Speaking of electric cars, what do you guys think of the new hybrid Ferrari?

https://www.motorauthority.com/news/1123337_ferrari-sf90-stradale-deep-dive-an-electrified-all-wheel-drive-prancing-horse

[TheOffice]

The move to hybrid technology is more interesting than the styling. If you took the prancing horse off of it, would you know it is a Ferrari?

My 2 cents.
Joel

[kdh]

I'm not a fan of the styling either. I don't think they've found their way after dropping Pininfarina, and now it seems they likely never will.

Also, the complexity of turbos and especially electric power with limited-life batteries doesn't appeal to me. Oh, and did I mention the $500k+ price tag?

I feel fortunate to have my naturally aspirated Carrera S and Italia. Emissions regulations mean cars will never be what they used to be.

[LarryHoward]

I have to wonder on the wisdom of introducing a hybrid today. With 300 mile range electrics becoming normal and the general Ferrari use case, what is the need? Added complexity? Some EU reqs? Unless it's a 919 or NSX style performance requirement, I just don't see the need.

[TheOffice]

They get a 217 HP boost and better acceleration.

Guess they aren't ready to give up the sound of an ICE yet.

[kdh]

They get a 217 HP boost and better acceleration.

Guess they aren't ready to give up the sound of an ICE yet.

But apparently that boost is good for only one hot lap, so it's kind of a paper gain.

Seems to me whole lot of complexity, weight, and expense in order to advertise a 1000hp car with cutting edge electric technology.

Ferrari in their analyst briefings are pretty clear that emissions requirements are pushing them to turbos and electricity, not performance. And I think you're right, sound (and styling) are important to the Ferrari appeal. Turbos don't help with that.

[Jamie]

Turbos ruin the aural aesthetics of any exhaust note; like playing music through a fan.

[BeauV]

They get a 217 HP boost and better acceleration.

Guess they aren't ready to give up the sound of an ICE yet.

But apparently that boost is good for only one hot lap, so it's kind of a paper gain.

Keith,

I think you've got it exactly right. It's important to have bragging rights combined with the ability to provide eye-wobbling acceleration to show off to a friend once in a blue moon. During the two decades that I was a Ferrari Club member out here in CA, I was shocked to find that only a very small number of owners EVER took their car on the track, and an even smaller number ever drove their cars on any sort of long trip. They all talked about it, but they also talked about how valuable their cars were because of their ultra-low mileage.

As someone who drove my 365 GTC/4 to work every day and showed up with bugs on the front and dirt on the Boranni wire wheels, I was considered a nut case.

I think this electric version is perfectly suited to what the vast majority of Ferarri owners actually do. Moreover, the owner gets bragging rights on going green. Ah me.....

As to the styling, I think you've got it right here too. Ferrari used to lead, now they follow. Frankly, I think that McClaren is doing more interesting designs.

[kdh]

I'm with you, Beau. Stock analysts talk about Ferrari, ticker RACE, as a luxury brand with gross margins and an earnings multiple comparable only to Hermes. It's not about driving. Case in point, here's the key for the new car.

Perfect for attracting a superficial, materialistic plaything.

I'm all about aesthetics. I was blown away when the Italia was unveiled.

[BeauV]

Here's the "key" to a Tesla Model 3. It is almost the direct antithesis of the Ferrari key. It's just your phone running Siri.

https://www.youtube.com/watch?v=oJu_zeJD-cc

[SemiSalt]

Reason to visit your local library #171:

Nissan Leaf Charging.jpg

[BeauV]

Reason to visit your local library #171:

Nissan Leaf Charging.jpg

[TheOffice]

Mercedes announced it will stop developing IC engines. The revolution is under way!

[TheOffice]

Mercedes announced it has stopped developing ICE engines. The revolution is here!

[TheOffice]

Model Y spotted:
https://www.automobilemag.com/news/2020 ... ld-photos/

[Steele]

I like the idea of electric cars, and when it is time to replace one of our current vehicles I will certainly take a look at them. I do wonder if Tesla may be making a mistake in their exterior design. This new version, and all 4 models, look very similar, and now that they have become commonplace on local roads they may be getting stale. I like the design, simple without needless ornamentation, but the model S is now 7 years old. Looks should not be a deciding factor, but in this price range it counts.

[TheOffice]

Is the look part of the branding?

I believe the S is 12 years old!