Talk about context. Three months ago I would have said the sky is the limit.
Unfortunately, the real life Tony Stark is currently facing a life altering crisis. There are two types of funds out there (right now) talking about the future of Tesla.
There are funds that are invested and saying Tesla will be fine; there are funds out there who seem to be lining up like arbitrage sharks. The cumulative of their sentiment is that Tesla is on a 100 day death watch.
So, you need to go back and re-read the year end statement. The first time I scanned it, I chuckled at the detail of provisos and risk factors that were written about. Now I go back and read the statement and it makes me realize that Tesla is a customer, and we were being warned about just how vulnerable and exposed we were to a few clients.
So close your eyes and send your best to Elon Musk, I hope he turns into the Iron Man and makes it through this. In the interim, we should be concerned about Tesla paying their bills. As well, the name Tesla adds no value to our brand with regards to attracting investment bankers.
To top it off, a steering bolt in the model 3 has caused a $60 million recall. It seems that there is excessive corrosion occurring.
That in itself (should Tesla survive) is great news for LQMT and LM’s anti-corrosive qualities.
(Side note, the majority of parts described in the Tesla shipments are described as RHS brackets and LHS brackets. I interpret these to mean Right Hand Steering Bracket and Left Hand Steering Bracket. Given that Tesla was aware of corrosion issues in the steering column, I concluded they were experimenting with LM to overcome those corrosion issues.
The part that caused the re-call is a bolt. I am not a scientist and I am left to wonder if LM has a shear point that allows for it to be a bolt of this nature. I wonder that because none of the Tesla orders mention Stearing Bolts.
That’s why I’ve been trying to figure out Conmed.
Medical is the most stable market to be in. It’s like food, you need it to live so it defies most business cycles, tends to have permanent growth trends and is only exposed to the whims of government budgeting and policy.
In conclusion, an NDA with Tesla isn’t the reason they aren’t discussing them as a client yet, it’s fear of Tesla’s instability and the risks of being exposed to them in a creditors position.
All this of course could be the grand delusion of someone who hasn’t felt sun on his skin in over 5 months.
AI
