Tesla shares crater 17%

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Originally Posted by P10crew
Bloomberg said this morning the reason the stock took a wack is because they had to shut down their Shanghai China operations.
China.......?
Jeff they also said there was no anticipated reopening date. If this goes long enough you may be able to get in on the ground floor.

Gigafactory3 in Shanghai was built in less than a year. The 1st cars were delivered in December 2019.
They make Model 3 and Y as well as batteries I believe. China is the largest EV market in the world.
Gigafactory3

Gigafactory4, in Berlin is breaking ground as we speak. They will start production next year.
The Germans and Europeans in general love Teslas.
Gigafactory4

Elon is taking the lessons learned from Fremont and building more efficient factories.
The plan was to deliver 500K cars this year, but the closing will hurt.

FYI the leadtime here in Silicon Valley is about 2 months if you order a Model 3. With cars being shipped all over the US and overseas, it is harder to get one here.
Used Model 3s are pricey.
 
Last edited:
Originally Posted by JeffKeryk
Originally Posted by P10crew
Bloomberg said this morning the reason the stock took a wack is because they had to shut down their Shanghai China operations.
China.......?
Jeff they also said there was no anticipated reopening date. If this goes long enough you may be able to get in on the ground floor.

Gigafactory3 in Shanghai was built in less than a year. The 1st cars were delivered in December 2019.
They make Model 3 and Y as well as batteries I believe. China is the largest EV market in the world.
Gigafactory3

Gigafactory4, in Berlin is breaking ground as we speak. They will start production next year.
The Germans and Europeans in general love Teslas.
Gigafactory4

Elon is taking the lessons learned from Fremont and building more efficient factories.
The plan was to deliver 500K cars this year, but the closing will hurt.

FYI the leadtime here in Silicon Valley is about 2 months if you order a Model 3. With cars being shipped all over the US and overseas, it is harder to get one here.
Used Model 3s are pricey.




Okay but that didn't answer the question about the China shutdown.
 
Originally Posted by PimTac
Originally Posted by JeffKeryk
Originally Posted by P10crew
Bloomberg said this morning the reason the stock took a wack is because they had to shut down their Shanghai China operations.
China.......?
Jeff they also said there was no anticipated reopening date. If this goes long enough you may be able to get in on the ground floor.

Gigafactory3 in Shanghai was built in less than a year. The 1st cars were delivered in December 2019.
They make Model 3 and Y as well as batteries I believe. China is the largest EV market in the world.
Gigafactory3

Gigafactory4, in Berlin is breaking ground as we speak. They will start production next year.
The Germans and Europeans in general love Teslas.
Gigafactory4

Elon is taking the lessons learned from Fremont and building more efficient factories.
The plan was to deliver 500K cars this year, but the closing will hurt.

FYI the leadtime here in Silicon Valley is about 2 months if you order a Model 3. With cars being shipped all over the US and overseas, it is harder to get one here.
Used Model 3s are pricey.




Okay but that didn't answer the question about the China shutdown.


I don't see a question here?

https://www.google.com/amp/s/insideevs.com/news/397171/tesla-gigafactory-3-online-february-10/amp/

Toyota, Hyundai, VW are still shutdown as well

https://www.google.com/amp/s/www.ba...-parts-suppliers-china-hubei-51580941049

https://www.google.com/amp/s/amp.ft.com/content/48bae4c0-472e-11ea-aeb3-955839e06441
 
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Originally Posted by PimTac

Okay but that didn't answer the question about the China shutdown.

The Shanghai plant was critical to delivering 500K cars this year.
 
Originally Posted by JeffKeryk
Let's see...
Up $50 yesterday; $70 today. $930. Over $500 YTD, $700 since the shorts kicked in.

Cratering!

Enron, lol!

That said the Taycan burning down in a garage makes Tesla look normal, at least. "See! See! We arent the only ones..."
 
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