Replies to post #53321 on Tesla Inc (TSLA)

[XFundManager]

Swedish investigators concluded fires were the result of arson, evidence ruled out any other possibilities.

Several Teslas parked at Malmö, Sweden location were found to have been deliberately set on fire. According to a news release from Swedish authorities, video footage obtained from Tesla sentry mode, shows three masked men pouring accelerants on cars. Suspects still remain at large and the case remains open.

7 Tesla cars were set on fire during the night in what seems to be an attack against Tesla. I went there the morning after the fire to see the devastation.

Arsonists Reportedly Set Fire at New Tesla Factory Site
An environmental group has claimed responsibility.

https://futurism.com/arsonists-fire-tesla-factory


More Than 100 Cars Burned in Mass Arson Attack in Sweden

Burned cars in Frolunda Square in Goteburg, Sweden, on Tuesday. By the time the blazes were over, a police spokesman said, “33 cars had been lit on fire and about 50 cars had been damaged.”Credit...

GOTEBORG, Sweden — The Swedish authorities on Wednesday were investigating the burning of more than 100 vehicles on the nation’s west coast, in what they said was a coordinated arson attack by groups of young men.

The attack began shortly after 9 p.m. Monday, when several cars were reported to be on fire in the main square of Vastra Frolunda, a suburb of Goteborg, Sweden’s second-largest city.

By the time those blazes were over, “33 cars had been lit on fire and about 50 cars had been damaged,” Thomas Fuxborg, a spokesman for the Swedish Police, said in a phone interview.

A few minutes after the fires broke out in Vastra Frolunda, there were reports of cars on fire in Hjallbo, a district in northeast Goteborg. Fires were also reported in Kronogarden, a district of Trollhattan, about 45 miles north of Goteborg, the police said.


“We think these attacks were coordinated using social media,” Mr. Fuxborg said, adding that the police were investigating the crimes as acts of arson, vandalism, rioting and incitement to violence.

“Society is going to react very harshly against this,” Sweden’s prime minister, Stefan Lofven, told Radio Sweden, adding: “We have raised the punishment for vandalism. We will also propose this fall to address the attacks on the police that often occur in the wake of this kind of activity.”

The car fires are likely to become a political issue as Swedish elections loom. Generally, health and medical care, schools and education, integration and immigration, the environment, and care for the elderly top the priorities for most Swedes. But a recent poll showed that 10 percent of the population lists law and order as the most important issue in the vote on Sept. 9, the Swedish newspaper Svenska Dagbladet reported on Saturday.

Mr. Lofven, a Social Democrat, is running for re-election, and he spent Tuesday afternoon visiting the affected area in Vastra Frolunda.

On Tuesday, the police arrested a 16-year-old boy and a 21-year-old man in connection with the fires there. A third man who had fled to Turkey was picked up at an airport there late Tuesday, said Christer Fuxborg, a police spokesman

[XFundManager]

The links are made up. Investigators made no such determination, cause of fire was arson.


Tesla is worth $3,000 a share 'if they execute really well': Musk
This week, Ark Invest released a new note claiming a $3,000 base stock price target by 2025 for Tesla, reports Electrek.

Tesla CEO Elon Musk has told its employees that he agrees with Ark Invest that Tesla is worth $3,000 a share "if they execute really well".

This week, Ark Invest released a new note claiming a $3,000 base stock price target by 2025 for Tesla, reports Electrek.

In its valuation models, Ark Invest believes that Tesla is going to deliver between 5 and 10 million vehicles as soon as 2025.

That's a significant ramp considering Tesla likely will deliver less than 1 million vehicles this year, the report said.

The firm is also betting on Tesla delivering a completely autonomous ride-hailing network, known as Tesla Network, that is going to bring in a lot of money with a high margin.

In an email to Tesla employee obtained by Electrek, Elon Musk shared with employees Ark's new $3,000 price target and that he agrees with Ark.

"If we execute really well, I agree with Ark Invest," Musk said.

The CEO has often commented on Tesla's stock price, but surprisingly, it was often to say that the price was too high, the report said.

In 2020, when Tesla's stock was reaching a new high, Musk told his millions of followers on Twitter that he believed the stock was "too high".

It sent Tesla's stock crashing, but now it is even higher than when Musk made the comment.

Tesla is currently trading at $733 a share and the automaker is the most valuable automotive company in the world at over $730 billion, the report said.