Tesla stock

Quite a catch for North Carolina. NC will find Toyota is not only a Great Company but a great Community Partner. In Kentucky they rebuilt our County's school System and made it the benchmark for the surrounding areas. They built and staffed a Technical Training Center to train Skilled Workers for the Community, and started an entire Department at our states University for the Toyota Production System and help fund the University Technical Department related to Production. They also reached out to the Community to provide jobs to handicap workers where they integrated them into the actual work community at the Toyota factory. They also have an employment outreach for legal immigrant and minority workers.

Hard to understand Americans who are so unappreciative of a Company working so hard to make meaningful contributions to their country. Unfortunately we Americans have a reputation for being ungrateful to others. I haven't experienced that myself but from some of these post that reputation may be warranted.

I'm through with my rant - the post about Tesla being the best financially positioned automaker set me off on my tangent.

I am also proud of the American car manufacturer Tesla and all the wonderful things they do for our country and its workers.

I wish more companies were like Tesla and Toyota it would be a better world. And yes it is possible to like both companies. I think Apple, Amazon and Microsoft are also companies we can be proud of.

Am I missing something? It seems the attitude that if you like one company you must hate the other is the standard. I'm sorry if I missed that memo - I thought the more great companies (especially manufacturers) a Country has the stronger they are and the better for the whole country.

A person who is fortunate to land a job at Tesla or Toyota will have no reason to try and hit home runs with stock purchases - if they save their hard earned money and put it in safe conservative investments they will be set for life at the end of their careers through the fruits of their own labor and the magic of compounding savings.

 

I think it is perfectly possible to like multiple companies, I do myself.
I felt I needed to put some actual numbers to your post though, as the method of the valuations was not listed.

I am also happy Toyota has been such a good community member in your community. We all judge companies, and people, by what actions we see of them.

Back in the 2000's, I saw a forward-looking company leading the pack in efficiency, which is why my wife and I both bought a Prius.
Since then, I have seen them drag their feet when it comes to plug-in vehicles. Later, they even started throwing FUD at BEVs (Lexus commercials in particular).
In addition, they limited sales strictly to CARB states, basically doing the minimum they could get by with.

Perhaps if I had been exposed to the good things, as you have, I would have a better opinion of them.

 

i can't say i have seen any auto manufacturers contribute to anything around here, but many companies do, in a way that is not always made public.

 

And how much is Toyota going to spend to expand the hydrogen infrastructure for those FCEVs?

They started spending their own cash on them in Japan, but only after the government there forced them too. If they truly believed in hydrogen for cars, why not spend some that large amount of wealth in making the cars work for people instead of waiting for public funds to do it? Tesla believed BEVs could replace an ICE car for people, and starting building Superchargers to make it possible.

I don't dislike Toyota. I'm just disappointed in their actions in regards to alternative fuels and plug ins. I loved my Prius. It was a great car. I think Toyota could make a great BEV, but I also think they are suffering from some fossilized groupthink that was formed with BEVs were using lead-acid and NiMH was the cutting edge of battery technology. Look at the iQ EV, that is what Toyota thought the public wanted in a BEV.

PS: If I never end up with a Toyota BEV, or any other car, it will be because of seat comfort.

 

cathie-wood-watch-ark-bulks-up-tesla-and-zoom-video

 

Musk says Tesla's factories in Berlin and Texas are 'gigantic money furnaces&#39

"Both Berlin and Austin factories are gigantic money furnaces right now. OK? It should be like a giant roaring sound which is the sound of money on fire," Musk said in the interview with Tesla Owners Silicon Valley, which was recorded on May 30 and published Wednesday.

Welcome to the Manufacturing sector and Automobile Manufacturing in particular. It is only going to get tougher as the bigger players enter the EV manufacturing race.

 

What an interesting spin.
A new manufacturing plant is a money furnace for any company, until they get production scaled up. Then it turns into a money maker.

This had nothing to do with ‘competition, and everything to do with supply chains and scaling up new factories.

 

Who is "the bigger player in EV manufacturing" than Tesla? Or are you pontificating in theoretical terms?

 

L

Projects like Hoover Dam comes to mind
.

 

Having been in the Automotive Manufacturing Sector it is imperative that supply chains and alternatives and then back up plans are made and implemented. It is a stagey that must be considered before building a Facility - contracts secured - sources identified and back up plans in place,

Supply chains are critical in Automotive Facilities and unexpected events have to be planned for. As an example, you are working for an Automotive Facility whose home company is in Japan. And you receive the news a Nuclear Power Plant is in the process of a melt down and some of your suppliers are in the area - what do you do?

A massive hurricane hits Thailand completely disrupting your Asian pipeline for parts- what do you do?

In the Automotive Industry it is guaranteed you will absolutely have supply chain issues every year at multiple times, sometimes daily- what are your backup plans?

And then other things happen - your models are near their refresh time and aren't selling as well - a problem is discovered or imagined with your product line (an imagined runaway acceleration problem) and your sells fall off a cliff. A stamping die cracks and you can no longer make front fenders, you have a fire in your paint assembly plant and you can't paint cars for two weeks - an earthquake hits in the area of your radiator supplier and they are disrupted for an indeterminable time- what are your plans?

Having a factory with 10,000 people standing around playing tiddlywinks while you resolve the problem is not a good strategy.

With new exciting electric vehicles coming out by many manufacturers one after another the demand for parts and pressure on supply chains is not an issue that is going away. Parts for electric vehicles are going to be at a premium for all manufacturers and there will be great unending pressure for these valuable commodities. Many established companies already have chains, backups and alliances in place and are still feeling parts supply pressure.

This is going to be a continuing game changing problem for the Automotive Industry for years to come. It is not a passing fad.

Those are real life situation every Automotive Manufacturer in the world goes through and guess what? They are deal breakers that are prohibitively expensive for a manufacturer. They happen all the time


That's kind of the point- having two factories that are burning through money- you haven't seen anything yet, the Automotive Industry is about to get very interesting and there may not be enough room for some of the current players. It is surprising an Automotive Executive thinks this is unexpected.

 

I still don’t see your point.
Yes, supply issues have impacted all manufacturers to one level or another.
Tesla has done a better job than most in navigating these issues.

Texas and Germany plants are new and are dealing with supply issues while also trying to ramp up production.

Tesla is more vertically integrated than most manufacturers. When it comes specifically to EV/battery components, they have more production power than any other manufacturer with the possible exception of BYD.

As covid loosens it’s stranglehold on the global supply chain, Tesla will be able to continue the ramp at both new factories unhindered.

 

Nothing in the report shows Musk finds this unexpected.

 

he apparently is hoping people will bet against tesla