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What is?
Funding for a nationwide charging network?
Created the by the POTUS that so many here love to hate?
You do realize that once passed, charging stations don't materialize overnight, don't you?
The The Bipartisan Infrastructure Law was passed 10 months ago, yet charging stations remain scarce in most of the country, including Puerto Rico.
Why didn't the world's richest man fund it himself instead of relying on corporate welfare?
He began the EV model that led to the necessity of a charging grid.
It was pretty damn short-sighted for a genius to not have been building it for the past decade+ to support his conpany's expansion.
Before he goes to prison, the CEO should fork out a few billion to get the grid up & running in 6 months, and he can recoup it in charging and license fees.
He'll still have plenty left to buy ramen & toothpaste from the commissary.
There'll be no conjugal visits from Shivon, only his celly. 🍆🥺
Tesla faces Autopilot lawsuits following driver deaths
"You just don't really want to be the test dummy"
Here’s why EVs aren't replacing gas cars anytime soon
CNN -- August 20, 2023
Price is the biggest barrier for consumers, Valdez-Streaty said. Despite sharp price cuts by Tesla and Ford this year, going electric still means paying a premium over the average gas-powered model. The average electric vehicle price in July was $53,469, according to Kelley Blue Book, versus an average price of $48,334 across all vehicles.
In Cox’s consumer survey, the second biggest concern for EV considers after price was a lack of access to charging stations.
Battery ranges have improved in recent years – the number of electric models with a range of at least 300 miles increased from 13 in 2021 to 51 in 2023, according to the US Department of Energy.
But the number of charging stations still lags behind what is needed to support a wider-scale adoption of electric vehicles. At the end of Q1 2023, there were roughly 134,000 charging stations and 3.34 million EVs on the road across the country, according to the Alliance for Automotive Innovation’s most recent Electric Vehicle Quarterly Report. To meet a charger-to-car ratio of 7:1 — which the California Energy Commission concluded would be needed to support the state’s goal of 5 million EVs on the road by 2030 — the entire country would have to set up two and a half times the current number of available chargers, the AAI report said.
Geographic disparities are also pervasive, the report said. Nearly 30% of all the country’s public charging infrastructure is in California.
Guggenheim price target = $125.
The latest price target for Tesla (NASDAQ: TSLA) was reported by Guggenheim on August 30, 2023. The analyst firm set a price target for $125.00 expecting TSLA to fall to within 12 months (a possible -50.38% downside). 100 analyst firms have reported ratings in the last year.
According to Bloomberg.com, there is currently a consensus rating of “hold” for Tesla with a consensus price target of $233.77 cited by multiple equities research analysts who cover the company.
https://is.gd/e4oDCg
And the stock goes lower still. 😎
Elmo's hypocrisy about free speech hits a new low
Tesla Profit Margins Are Tumbling.
Investor's Business Daily
Tesla (TSLA) bulls once pointed to eye-popping profit margins as evidence that the EV giant stood in another class compared with any other automaker, justifying the $1 trillion value of Tesla stock.
But that was in 2021 and 2022. This year, Tesla profit margins have plunged to below the company's self-described "floor," a fallout from huge price cuts starting in January that pushed deliveries to fresh highs.
To maintain sales momentum, Tesla has had to keep cutting prices. And competition is growing, from startups such as Nio (NIO), XPeng (XPEV), Rivian (RIVN), Lucid (LCID) and EV giant BYD (BYDDF), as well as traditional automakers like General Motors (GM), Ford Motor (F) and Volkswagen (VWAGY). Meanwhile, production is revving up across the auto industry as Covid-spawned supply shortages and bottlenecks fade, pressuring vehicle prices broadly.
Yet bulls on Wall Street insist that Tesla profit margins will bottom out soon and start to rise in 2024. That would revive earnings growth and justify Tesla stock's megacap growth status. And if they're wrong? Tesla might become a "normal" automaker with modest margins and a more down-to-earth valuation.
Investors have had a love-hate relationship with Tesla's price cuts. Tesla stock plunged in the 2022 bear market but the price bottomed with the early-January cuts. Shares have doubled in 2023. But with prices continuing to slide, Tesla stock has struggled somewhat recently.
On Jan. 6, Tesla announced another big wave of price cuts in China. Huge price cuts followed in the U.S. and Europe on Jan. 12.
The U.S. base Model Y dropped by 28% vs. the beginning of the year, and an entry-level Model 3 was cut 14%. Model S and X prices have seen even sharper declines.
The company has also slashed luxury Model S and X prices multiple times. The Model S long-range variant started the year at $104,900 but was down to $74,900 as of Sept. 1. The high-end Model S Plaid has come down from $135,900 on Jan. 1 to $89,990. The Model X long-range version is $79,990 vs. $98,490 recently and $120,990 on Jan. 1. The base Model X is now priced low enough to qualify for IRA tax credits.
Price pressures are even greater for some models than the sticker prices indicate. For the Model 3 and Y — the vast majority of sales — Tesla has steadily increased inventory discounts in the U.S. and Europe, by well over 5% in many cases.
Model 3 inventory can be had for a bit more than $37,000 depending on the region, according to Tesla's website, around 10% off the list price.
A growing share of Tesla sales, perhaps 25%-40%, are being sold from inventory, according to Bernstein analysts in a Sept. 7 note, signaling a 1%-2% hit to average selling prices.
U.S. inventories have continued to climb, "a clear sign" that Tesla demand is still lagging production, Guggenheim analyst Ron Jewsikow wrote Aug. 30. He predicted more price cuts. The analyst kept a sell rating on Tesla stock with a 125 price target.
Tesla Profit Margins Fall
"There's clearly an inventory glut, and price cuts have been announced in response to it," CFRA analyst Garrett Nelson told IBD.
Tesla Earnings Weaken
With profit margins falling, earnings have taken a hit. Q1 earnings per share fell 21% vs. a year earlier, even as revenue climbed 24% to $23.3 billion. In Q2, profits rose 20% as revenue swelled 47% to $24.9 billion, but that was largely due to easy comparisons vs. Q2 2022, when Covid shutdowns crippled Shanghai production.
For Q3, analysts project EPS will fall 24% vs. a year earlier to 80 cents, according to FactSet. Other than Q2 2022, that would be the lowest earnings in two years. Revenue should increase 16% to $24.94 billion, little changed vs. Q2. Deliveries are expected to climb 36% to a fresh high of 470,000, up 1% vs. Q2.
Analyst consensus forecasts put Tesla's core automotive gross profit margins holding steady at 18.1% in Q3, despite various price cuts and discounts since the end of June.
For the full year, Wall Street predicts earnings will fall 17% to $3.35 per share even as sales hit $100.08 billion, a 23% increase vs. 2022. The consensus view is also that auto gross margins will be 18% in 2023.
Jewsikow said in his Aug. 30 note that consensus auto gross margins and deliveries for Q3 are "overly optimistic." He sees Tesla's auto gross margins falling to 17.5% in Q3 and deliveries edging down to 460,000.
Analysts expect Tesla to deliver 1.85 million vehicles in 2023. Musk said during the Q2 earnings call that the company is targeting 1.8 million deliveries.
The Tesla CEO also said, however, that third-quarter production will likely "be a little down," citing shutdowns for factory upgrades. Tesla output was already running well below capacity, while still exceeding deliveries significantly.
Analysts generally expect a margin recovery, but differ on the timing and the trajectory.
Ives, who previously expected Tesla margins to bottom in Q3, now sees that happening in Q4. Ives see margins back above 20% in 2024.
CFRA's Nelson doesn't expect profit margins to bottom out until Tesla achieves production of scale for its highly anticipated Cybertruck. "The Cybertruck could further dilute their margins in the near term," Nelson said. "They're going to be in the ramp-up phase, and when you're not producing a model at volume, it tends to negatively impact margins."
Ives sees Tesla's supercharging network, its battery technology and Full-Self Driving (FSD) as fueling margins.
GM, Ford and several other automakers in recent months have agreed to adopt Tesla's charging standard. Tesla will open many of its Superchargers to non-Tesla vehicles. That should boost Supercharger revenue and let Tesla tap new subsidies.
But there is a downside. Tesla's widespread, easy-to-use Supercharger network has been a big moat, especially in the U.S. Now people may be more comfortable buying rivals' EVs.
Tesla's ability to monetize its battery technology and FSD might require some technical breakthroughs.
When? From who?
Targets are useless without more information, as there are always many targets from many analysts.
In July, UBS analyst Patrick Hummel downgraded from Buy to Neutral to $270 and raised the price target from $220 to $270.
In July, Deutsche Bank analyst Emmanuel Rosner maintained Tesla with a Buy and raised the price target from $260 to $270.
That means they expect Tesla to hit $270 in July 2024.
That doesn't bode well for the people calling for $300, and rebuts the arguments of those bitching about MMs keeping it down.
Website tracks Elmo's broken promises & bad predictions
Like remember that time Musk said Autopilot would be able to complete a cross-country trip with no human intervention by 2017? Or when he promised solar-powered Superchargers 11 years ago?
Elon Musk Today takes you back in time to where you were when America’s zaniest billionaire said he’d release a Wizard Hat to treat brain injuries.
“We are aiming to bring something to market that helps with certain severe brain injuries (stroke, cancer lesion, congenital) in about four years,” again in 2017.
Peugeot's E-3008 coming to take on Tesla Model Y
The Peugeot E-3008 will join a growing range of electric vehicles (EVs) from the French brand, and will be unveiled on September 12.
The company is promising best-in-class range, charging time, performance, efficiency, affordability and driving pleasure.
As with existing Peugeot models, the instrument cluster is positioned further towards the windscreen, so drivers don’t have to peer through the steering wheel, also obviating the need for a head-up display.
The E-3008 will join a growing range of electric Peugeots. The brand already offers the e-2008 and e-Partner in Australia, with the e-208 set to join them.
Tesla cars "worst" with user data
The world's most popular car brands are a data "privacy nightmare," collecting and selling personal information in an age when driving is going increasingly digital, a study showed on Wednesday. The California-based Mozilla Foundation reviewed 25 car brands and said none of them fully satisfied its standards on privacy and that no other product category had ever received as poor a review, including makers of sex toys or mental health apps.
"Modern cars are a privacy nightmare" at a time when "car makers have been bragging about their cars being 'computers on wheels'", said Mozilla, which is best known for its privacy-conscious Firefox web browser.
"While we worried that our doorbells and watches that connect to the internet might be spying on us, car brands quietly entered the data business by turning their vehicles into powerful data-gobbling machines," Mozilla said.
Tesla was the worst offender, according to the study, with Nissan coming in second and singled out for seeking some of the "creepiest categories" of data, including sexual activity.
The study found that a staggering 84 percent of car brands admitted to sharing users' personal data with service providers, data brokers, and other undisclosed businesses.
Most of them, 76 percent, said they sold on their customers' data and more than half said they share data with government and law enforcement on request.
Today's connected vehicles not only mine data from driving, but track in-vehicle entertainment and third-party functions such as satellite radio or maps.
Just like the Zhong Nong Yuan Fang Holdings Inc stock you own.
Definitely not a good Christian either.
Or Mormon, Catholic, baptist or whatever floats your boat (or divides your Red Sea, turns your water into wine, multiplies your loaves & fishes, etc.). Not bad for an atheist, huh?
But you sure try hard to pretend you are with all those posts on multiple religion boards.
You must own a fireproof keyboard if it hasn't burst into flames yet.
BEWARE OF HYPOCRITES!
And wolves in sheep's clothing.
Welcome2Pinkyland posts religious content here for y'all to read and admire his devotion.
But on non-religious boards he's a pugnacious, antagonistic hypocrite.
W2P, the failed pinky trader turned ihub pumper troll clown, your memory is not good either it appears, or maybe it’s your reading comprehension?
So stupid you misspelled your own profile!
Hypocrite much?
For someone who spends so much time posting on religious boards, you sure don't act devout or follow the Golden Rule (Matthew 7:12 in case you forgot).
I guess you only act religious on religion boards 'cause God can't see the others, huh? 😇
We've got your number now, Judas.
You're as fake as old Mao-Lin Chang's vertical farm. Here a lie, there a lie, everywhere a lie lie.
You remind me of my stepmother - she only acted religious in and around the church, i.e. an imposter.
Jesus Chat
Only if you're a sap.
Webster had you in mind when they wrote the definition:
YOU do some!
NO ONE SHORTS A .0004 POS TICKER - ESPECIALLY A DEAD ONE!
Only a broker could I suppose, and I sure as F ain't one or workin' for one.
Shell risk removal don't mean shit.
Plenty of scams have gotten themselves current because that's the only way they could dilute & sell shares, i.e steal money.
They take the money & run.
NHTSA Targets 52M Faulty Airbag Inflators
The National Highway Traffic Safety Administration wants to recall 52 million air bag inflators after finding that they can rupture, causing shrapnel to fly and cause injuries. In the United States, it's already killed one person and injured seven others, and the agency expressed that there could be more if the inflators aren't either recalled or replaced.
The air bag inflators were manufactured by ARC Automotive Inc. and Delphi Automotive Systems through January 2018, according to the agency. As air bags continued to rupture, the NHTSA Office of Defects Investigation requested in April 2023 that ARC Automotive initiate a recall.
But ARC Automotive argued that the agency lacked "sufficient evidence" that there was a safety defect and that the seven confirmed ruptures that caused injuries were "occasional or isolated failures that are an inevitable part of any volume manufacturing process.”
Delphi Automotive Systems has since been bought by Autoliv ASP, Inc., who may not be liable for the inflators made prior to their acquisition. The NHTSA hasn't verified whose legal responsibility it would be, but it could fall on the vehicle manufacturers who used the inflators as part of their original equipment.
According to the agency's investigation, the weld slag is likely causing the ruptures. When the weld slag gets dislodged, it can block the inflator's exit orifice when the air bag deploys, causing the inflator to rupture due to over-pressurization. It has the potential to propel shrapnel or metal fragments from the inflator into the passenger compartment.
The air bag systems in question are installed in 2000 to 2018 models of cars manufactured by BMW, Ford, GM, Hyundai, Kia, Maserati, Mercedes-Benz, Porsche, Stellantis, Tesla, Toyota and Volkswagen, according to NHTSA documents.
The NHTSA received reports of seven injuries and one death in the United States in connection to the air bag inflators. They are also aware of two incidents outside of the U.S. - an air bag inflator that ruptured in Turkey but caused no injuries, and one that caused the death of a driver in China.
Here are the details of the U.S. incidents:
In January 2009, a driver in Ohio was severely injured after the air bag inflator ruptured on his 2002 Chrysler Town and Country minivan.
In April 2014, a New Mexico driver sustained injuries on his face and legs after his driver's side air bag inflator ruptured in his 2004 Kia Optima.
In September 2017, a Pennsylvania driver sustained face and head injuries after the driver's side air bag inflator ruptured in his 2010 Chevrolet Malibu.
In August 2021, a Michigan driver was killed after the driver's side air bag inflator ruptured in their 2015 Chevrolet Traverse.
In October 2021, a driver side air bag inflator in a 2015 Chevrolet Traverse ruptured in Kentucky and caused the driver facial injuries.
In December 2021, a California passenger and driver were both injured after the passenger-side air bag inflator ruptured in a 2016 Audi A3 e-Tron.
In March 2023, the air bag inflator on the driver's side in a 2017 Chevrolet Traverse ruptured in Michigan, causing the driver facial injuries.
Guess you weren't praying to the "right" God - try another.
You know each religion has their own, and some have many.
I'm learning that this "world's best" car co. still has a sinking (stinking?) stock.
In what universe has Tesla's pricing strategy "single handedly ended the internal combustion engines dominance?"
Deadly Tesla crash in Spokane County used as a test case to fight electric vehicle fires
The Spokesman-Review Sept. 5, 2023
It was a quiet June morning on the Mewhinney farm near Fairfield when an explosion rattled nerves and set a fire.
Mark Mewhinney was teaching at the Vacation Bible School being held at their church while his wife, Chris, was home working in the garden.
“I heard kind of a boom but I didn’t think much about it,” Chris said, noting her neighbors often haul large equipment on Truax Road that runs by the farm.
Not long after, she noticed black smoke billowing up from the string of willows that her great-grandfather planted to line the property. Chris sprinted down her driveway.
“It was an inferno,” she said.
A car, wrapped in a ball of flames, was wedged six or seven feet up in one of her willow trees. A group of three men had just arrived and asked her to call 911 while they checked the pasture to see if the driver had been ejected.
When the men didn’t find anyone, it was clear the driver had died in the vehicle.
“That was actually very emotional knowing that whoever that is was dying,” Mewhinney said. “I’m a Christian, so I prayed for his family.”
Not long after, firefighters from Spokane County Fire District 2 arrived. They attempted to put out the blaze but it was a struggle.
Soon they realized why: The car was a Tesla.
“It was an odd fire because it went off like bottle rockets,” Chris said.
More than two months after the crash on June 26 it’s not just the memory of that horrible day that haunts the Mewhinney farm.
Thousands of individual battery cells still litter the tree that was split in half the by the car’s impact.
One in six new cars sold in Washington since January is electric or a plug-in hybrid. Gov. Jay Inslee is a huge proponent of the shift to electric vehicles, with a goal of no new gas-powered cars being sold in Washington state by 2035.
When it comes to car fires though, an electric vehicle with its thousands of individual battery cell modules poses unique risks to firefighters and the environment.
Not only are electric-vehicle fires more difficult to put out due to the batteries that explode in the heat, but they also emit toxic chemicals.
“The smoke that comes off of an electric battery is really, really nasty,” said Rex Strickland, deputy fire chief at the Spokane Fire Department. “Tons of heavy metals, lithium cobalt – really a lot of things that basically never go away and are incredibly carcinogenic.”
Once the fire is out, those damaged battery parts remain dangerous and must be treated as hazardous waste. They’re difficult to dispose of, posing environmental risks and logistical difficulties.
‘Big eye opener’
Spokane County Fire District 2 crews arrived on scene about 20 minutes after the crash to find the vehicle engulfed in flames, said Chief Eric Olson.
“The first thing that was really a big eye-opener for us is that we really didn’t have the ability to identify it as an electrical-vehicle fire,” Olson said.
The fire was more intense than a typical vehicle fire and difficult to knock down, he said.
Once it was clear the vehicle was a Tesla, crews knew they had to worry about toxins.
“The smoke from electric vehicles is highly toxic,” Olson said. “There was additional concerns about runoff.”
So Olson called in the Washington State Department of Ecology.
While the Department of Ecology declined to speak about this specific case, employees from several different programs discussed battery issues generally.
Ty Keltner with the spills program said his group typically receives a call from a local fire department or law enforcement when there is a concerning incident. The spills program will respond and assess the need for cleanup.
With electric-vehicle fires, that cleanup is often related to batteries or the cells within the larger battery.
The key ingredient that needs to be contained is lithium, Keltner said.
Megan Warfield, battery policy lead at the Department of Ecology, said the disposal of lithium ion batteries of all types, not just in electric vehicles, has been a growing concern.
The Washington State Legislature passed a bill on the environmental management of batteries that went into effect last month requiring companies producing and selling batteries and battery-containing products to participate in approved stewardship plans.
The bill also mandated Ecology to give the Legislature policy recommendations for the collection and disposal of electric-vehicle batteries by April 2024.
Currently, if someone needs to dispose of an electric-vehicle battery they should call their car dealer or manufacturer and inquire about a takeback program, Warfield said.
It’s important these batteries get recycled to maximize the use of the rare earth metals needed to make them, Warfield said.
However, if the battery is damaged, things become a lot more complex.
Damaged batteries are picked up by the towing or salvage company that responds to a car wreck. Damaged batteries are considered “dangerous waste” and thus have additional regulations on transportation, labeling, packaging and disposal.
“It just gets very tricky to move damaged batteries around,” she said.
Why so dangerous?
Damaged lithium-ion batteries are dangerous because they can easily enter thermal runaway, which occurs when the internal cells overheat and spontaneously combust.
A damaged battery being dropped, punctured, crushed, compacted in a garbage truck – as it might be in the normal waste stream – could cause it to catch fire, Warfield said.
Lithium-ion batteries are in numerous products, including power tools, e-bikes, phones and scooters.
When lithium-ion batteries are disposed of in a hazardous waste incinerator or landfill, those risks are minimized, Warfield said.
But in the case of an electric-vehicle fire it may be too late: Those batteries are often damaged and have already caught fire, causing a chain reaction.
There are a slew of risks with an electrical-vehicle fire including potentially toxic water runoff, smoke and other toxins, but it’s unclear exactly how serious those risks are, Warfield said.
“Those are ongoing investigations right now so we can quantify or at least accurately describe what those risks are,” she said.
The same goes for fighting lithium-ion battery fires.
When a fire was set in the home and garden aisle of the north Spokane Home Depot last year, the lithium-ion batteries in leaf blowers and lawn mowers were a huge problem that the fire department wasn’t quite prepared to face, said Spokane Fire Chief Brian Schaeffer.
“It’s a reaction that we can’t stop with normal firefighting tactics,” Schaeffer said of thermal runaway.
The department calls in the Department of Ecology to almost all fires involving lithium-ion batteries to manage the damaged batteries, he said.
The Spokane Fire Department changed its policy on equipment decontamination to ensure firefighter safety. Spokane fire leaders also purchased $1,500 blankets that can be used to cover an electric vehicle while it’s on fire to help extinguish the blaze and reduce the emission of toxins.
“It’s a patch to address the problem, but it doesn’t get to the solution to the fire in the first place or the complete solution to protecting our environment,” Schaeffer said.
It also helps protect firefighters from the toxic smoke.
The Spokane Fire Department, Department of Ecology and Environmental Protection Agency and other stakeholders did testing last year in which they burned a Tesla battery to measure toxins in the smoke and water runoff.
It generated discussion around the issue for involved agencies and led to working with national labs to do more scientific testing.
There is just a lack of testing and understanding around the dangers of fighting electric-vehicle fires and the disposal of damaged batteries, firefighters and Ecology agree.
The Mewhinneys’ cleanup, they say, is being used as a test case for Ecology to streamline procedures related to electric-vehicle crashes on private property.
“States all over the place are asking the same questions, exploring the same kind of policies,” Warfield said. “There’s a lot of federal money going into this, there’s a lot of state interest, it has just exploded on everybody’s radar around policies around EV and EV batteries.”
Farm scars
The Mewhinneys still have thousands of battery cells littering the dry creek bed that runs through their property. The cells look like shotgun shells, some burned around the edges, others broken in half.
They are working with Ecology, private contractors and the driver’s insurance company to get the area cleaned up and tree removed before water runs through the creek bed again.
“There has been a real spirit of cooperation,” Mark Mewhinney said.
Luckily, testing of the ground in the area did not show any contamination, he said. Current estimates are that it could cost between $100 to $150 apiece to clean up the battery cells, putting the total cost of the cleanup at more than $1 million.
The horror of the crash and inconvenience of the scene left one bright spot for the Mewhinneys – everyone involved learned from the experience and will be better prepared next time.
“It’s a good thing for them to figure it out because there’s the safety of a whole lot of people involved,” Mewhinney said.
ABOVE: Mark Mewhinney holds a battery cell he found at the intersection of Truax Road and Old Truax Road southeast of Fairfield on Aug. 11.
Guess who wants to abolish the EV industry?
Yep - had enough of scammy tickers like South Beach.
If my warnings deter even one potential victim it's worth my time.
You evaded the question: Do you own this one or not?
If not, why you posting here?
If so, how long you been stuck in this shithole?
Had to have been at least the first half of 2021 or earlier?
Is that why you're so bitter like the other hapless pumpers?
Try breathing into one of your many bags - it'll calm your nerves.
I don't know when it went EM - was that way when I found this turd.
An oh, how excited everyone was about Xu's news!
Swallowed it hook, line & sinker.
Do you own shares of everything you post on?
Oh wait - you've only been here less than 2 months and posted on ONE board.
So you've no clue how the site works.
FYI many people post on boards of stocks they don't own.
Since you joined in July and this was EM then, do you even own shares of South Beach Scam?
If so, when did you buy it - years ago? Pre-Xu?
If you joined just because you were lured in by the pumping clan, well - that's your bad.
IF you own this, then you've probably been stuck holding the bag for years, and there's no reason to believe it's going anywhere anytime soon.
Best to take the owner's advice and F OFF.
If this is your first lesson in pinkyland, I hope it didn't cost you an arm and a leg like my first lesson did.
Dumpster truck, dumpster price.
Not shocking at all.