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Drive a Tesla, Elon fan. I hate he is always miss quoted.
He clearly said, by the end of a Neptune year.
Drive a Tesla, Elon fan. I hate he is always miss quoted.Big news if it comes true. Apparently a target of 600 optimus bots a week by the end of the year. Note went out to suppliers.
That's going to be a big deal at some point.
Heard it before though and timeline predictions are always out.
I think I can hodl till 2176Drive a Tesla, Elon fan. I hate he is always miss quoted.
He clearly said, by the end of a Neptune year.
Would please the left and anti trump, in Canada and elsewhere, i see that coming in the EU soon, and maybe even here if the ALP has balls to do anything against the US.Canada threatened 100% tariffs on Tesla. That was my major concern in regards to risk. Other countries may follow suit.
I'm hoping it gets smashed down a bit so i can buy back in. But robotaxi is apparently rolling out soon so it may hold . I think the long term looks good but I want that crushing news that gives it a bigger hit in the short term. $250-280 I'd be happy. But beggers can't be choosers if it starts the next leg up. I think it's got time though, sentiment towards Elon needs to shift.Would please the left and anti trump, in Canada and elsewhere, i see that coming in the EU soon, and maybe even here if the ALP has balls to do anything against the US.
The initially Elon enamoured left are still recovering at the shock of , ohhh horror, absence of X censorship ..how dares he not be woke....
Last protest in Germany against tesla factory did not even pretend to be anything but pure political.
I personally think it is not wise for a business figure to go publicly politically either way but it is courageous and he could not care less.
Will not change anything long term for the company,and a good opportunity to buy for the wiser maybe
Tesla locks in Australian site for new battery refurbishment facility
One of Australia's largest battery storage facilities will soon house Tesla's new service and refurbishment centre, designed to renew high-voltage components.
Tesla will build its latest battery refurbishment facility – designed for service, repair, and restoration – about 200km south of Perth in the mining town of Collie, Western Australia.
The new factory is expected to service a wide assortment of high-voltage Tesla products, including batteries in vehicles such as the Model 3, Model Y, Model S, Model X, and Roadster, as well as the brand’s Powerwall home and Megapack commercial units.
Initially covering local batteries, it is expected to expand to cover the wider South-East Asia region in future.
The site will be built at French renewable energy company Neoen’s already-announced battery storage facility, with a completion date expected later this year.
The new facility will be powered by 560 Tesla Megapacks for a total storage capacity of 2250MWh, making it one of the largest battery sites in Australia.
The location of Collie is also significant, as it is where WA’s last remaining coal-fired power generators are operational.
The fossil-fuel-burning generators are expected to be shut down by the end of the decade in a transition to renewable energy sources.
The facility will also reportedly employ up to 50 local workers.
Western Australia Energy Minister Reece Whitby said at the announcement that “it makes sense that Tesla is here”.
“We have one of the world’s biggest standalone electricity grids in the south-west … We have the biggest grid-scale batteries in Australia, and some of the biggest on the planet being hooked up to that grid,” he said.
A Memorandum of Understanding was signed between WA Premier Roger Cook and Tesla Motors Australia in December, with the former stating the deal will ensure Collie’s place as an energy hub for the state.
“This partnership is a great win for WA and particularly for Collie, supporting local jobs servicing batteries from not just our state but potentially the wider Asia-Pacific region,” Cook said.
“Collie has been the heart of our energy system for the past century, and projects like this mean Collie will have a bright future as WA transitions away from coal.”
Nikola, Once a Darling of Green Investment, Files for Bankruptcy -- 3rd Update
Electric truck maker Nikola, which briefly boasted a market value above Ford Motor before its founder was charged with fraud, filed for bankruptcy after struggling with high costs and a trucking industry reluctant to abandon diesel engines.
Nikola said it plans to wind down operations. Its rapid rise, with investors embracing the promise of environmentally friendly vehicles, was followed by a steep decline as the company stumbled trying to fulfill the lofty promises of its founder and former chief executive, Trevor Milton.
Now a penny stock, Nikola filed for chapter 11 on Wednesday in a Wilmington, Del., court, joining other Tesla wannabees that have run out of road before their zero-emissions visions were realized. The Wall Street Journal reported earlier this month that Nikola was nearing a bankruptcy filing.
"Like other companies in the electric vehicle industry, we have faced various market and macroeconomic factors that have impacted our ability to operate," said Steve Girsky, Nikola's chief executive. "Unfortunately, our very best efforts have not been enough to overcome these significant challenges."
Nikola rode a green-investment boom that has since cooled amid rising costs, slowing acceptance of zero-emissions products among consumers and a shifting political landscape. The growing pile of green auto companies that have wound up bankrupt also includes EV manufacturers Fisker, Lordstown Motors and Electric Last Mile Solutions.
Those headwinds extend to Europe, where Swedish battery developer Northvolt recently went bankrupt.
Nikola said it wouldn't be able on its own to provide certain service and support operations for its trucks in the field past the end of March. Girsky said in a court filing that Nikola has already stopped manufacturing new trucks to conserve cash ahead of the bankruptcy.
The company reported in October it has made 235 hydrogen-electric trucks since production began in late 2023.
Milton founded Nikola in his basement in 2015, among a series of ventures that combined his charm and salesmanship with emerging technologies. A self-described high school dropout who started out selling home alarm systems in Utah, Milton as far back as 2016 claimed to have built a fully functioning hydrogen-electric truck.
He raised billions of dollars from major banks and manufacturers, including General Motors and Germany's Bosch, as well as everyday investors. As companies and industries sought to brand themselves as environmentally sustainable, Nikola pitched hydrogen fuel cells as a revolution for heavy-duty trucks.
Hydrogen fuel cells harness a chemical reaction between hydrogen and oxygen to create electricity and power an electric motor. For long-distance trucking, the technology had advantages over battery-electric models: Trucks had a longer mileage range, could be refueled with hydrogen quickly and didn't require heavy stacks of lithium ion batteries that reduced the cargo weight trucks could haul.
Nikola combined with a special-purpose acquisition company to go public in 2020. Enthusiasm for green-auto investments propelled its valuation to $30 billion, beyond Ford and Fiat Chrysler.
Nikola that year reported orders for 14,000 of its heavy-duty trucks. Those were mostly nonbinding, and the company was still years away from being able to produce that many vehicles.
In September 2020, short seller Hindenburg Research published a report describing the company as an "intricate fraud," accusing Milton of overhyping Nikola's capabilities and technology. The firm said Milton showed investors a promotional video of a Nikola truck prototype gliding downhill with an actor hired to play the driver, and no powertrain to propel it. Milton left Nikola later the same month.
The first hydrogen truck prototype the company unveiled at a public event was an empty cab with the words "H2 zero emissions hydrogen electric" stenciled onto it but with nothing underneath, one of the company's engineers later told the Journal.
The company's shares plunged following the Hindenburg report, and in 2021 federal prosecutors charged Milton with securities fraud. They alleged he lied about nearly every aspect of Nikola's business, including claims that Nikola built its Badger electric pickup truck from the ground up and had produced hydrogen at below-market prices.
Milton was convicted in 2022 and given a four-year prison sentence, which he is appealing.
He remains defiant. "I saw the Nikola bankruptcy from a mile away," Milton said in an Instagram post Wednesday. "When I left the company I left them almost $1 billion in cash."
Industry analysts said Nikola's bankruptcy was ultimately caused by the company's inability to bring down the cost of its trucks and provide fuel to support them. Limited hydrogen availability dogged the company as it pitched its vehicles to trucking companies, and its original goal of establishing networks of hydrogen filling stations along interstate highways never materialized.
"How do you expect somebody to adopt that truck if there wasn't a practical way to fuel it?" said Ann Rundle, vice president for electrification and autonomy for truck market forecaster ACT Research.
Girsky on Wednesday cited a shortage of parts in the nascent hydrogen fuel-cell market that slowed production. Analysts said Nikola's low production volumes kept it from being able to drive down costs for its trucks, which were nearly three times the cost of heavy-duty diesel trucks. The company said it has lost $3.6 billion in capital invested in the company since its inception, according to its filing.
Nikola stockholders could now see a total loss on their investment. The company enters chapter 11 owing $97.7 million in convertible notes and lease obligations, plus other trade debts that would need to be paid before stockholders could receive anything. Nikola shares closed at a nominal 47 cents on Wednesday.
Girsky said that litigation against Nikola, largely over alleged misrepresentations to investors, has also drained cash. That includes roughly $80 million still owed to the Securities and Exchange Commission under a $125 million securities-fraud settlement from 2021.
A court later found that Milton was responsible for nearly all of the liability stemming from the SEC investigation and ordered him to pay $165 million to Nikola. Milton accused the company of blaming him for its own incompetence and bad decisions.
Just before filing for chapter 11, Nikola agreed to hand over the arbitration award to settle a private shareholder lawsuit, court papers show.
I'm revising down on prices. The negativity round musk is too great and China has robots already in production and it's ramping up. Tesla is losing the advantage it had in a few areas (for now at least).I'm hoping it gets smashed down a bit so i can buy back in. But robotaxi is apparently rolling out soon so it may hold . I think the long term looks good but I want that crushing news that gives it a bigger hit in the short term. $250-280 I'd be happy. But beggers can't be choosers if it starts the next leg up. I think it's got time though, sentiment towards Elon needs to shift.
There's 3 billionaires I'm suss on: Elon, Sam altman and the palantir ceo Alex Karp. They remind me of snakeoil salesmen but have an army of genius and ability behind them. I'm always waiting for it to come crashing down.
I'm just hoping palantir doesn’t run higher. It's got a crowd behind it but to me it looked like it ran too hard. I want back in on that as well. $70 or lower would be good.
hybrids outselling pure battery powerI'm revising down on prices. The negativity round musk is too great and China has robots already in production and it's ramping up. Tesla is losing the advantage it had in a few areas (for now at least).
Musk attacks will only get worse in the next few months and leftists are full retards when it comes to cancel culture.
I'm thinking $120-$150 worse case for Tesla.
I'm thinking palantir could go a bit lower as well $50-60. At the moment it's hopeful thinking. There are times I'm tapped into the market and get the moves right and times like now I'm completely out of sync. I normally sit out and not force trades when I'm like this.
Personally I think they are the worst of both worlds. I'm not convinced on evs yet either except for short distance driving.hybrids outselling pure battery power
His aligned himself with a climate change denier and someone who is pro fossil fuels and at the same time Tesla is trying to sell electric cars. And then he upsets his customer base using social media and you think this will just blow over long term ?, I think he toxic to the company and losing credibility. On top of that he is firing thousands of people through DOGE which will want to get even with him somehow.A little bit of blood on the street. Down 8% so far today. Starting to think/get greedy on TSLA. I bought about a week ago and currently 14% down. I’m gonna be greedy when others fear and double down today/tomorrow/soon.
PS hate Elon but long term (1,2,3 years) I think this will blow over
Went in for a small parcel after 15% plunge, relatively tight SL in place
Went in for a small parcel after 15% plunge, relatively tight SL in place
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