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Tesla Sales Hit By Strong Electric SUV Competition

Tesla Model 3

Stanphyl Capital letter for the month of December 2018 discussing their brief place in Tesla inventory and the all-electric SUV competitors which will harm Tesla’s gross sales.

Picture supply: Tesla

We stay brief inventory and name choices in Tesla, Inc. (TSLA), which I contemplate to be the most important single inventory bubble on this entire bubble market. The three core factors of our Tesla brief place are:

1) Tesla has no “moat” of any sort; i.e., nothing meaningfully or sustainably proprietary.

2) Tesla will once more quickly be dropping some huge cash and has a horrible stability sheet regardless of comparatively mild competitors, however will quickly be confronted with large competitors in each facet of its enterprise.

Three) Elon Musk is extraordinarily untrustworthy.

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Q3 hedge fund letters, convention, scoops and so forth

For a number of years now (in hindsight, a number of too many!) I’ve been arguing that TSLA bulls are complicated “luxury electric car loyalty” for “Tesla loyalty,” and that when superior European options can be found Tesla drivers will flock to them. Amongst these comparatively near-term options (out in late 2019) is the Porsche Taycan, and in response to Porsche’s surveys guess who’s most concerned about shopping for it? Sure, Tesla drivers. After its U.S. tax credit score worth benefit over Tesla (whose credit shall be gone on the finish of 2019), the beautiful, Autobahn and Nürburgring-tested Taycan will value just some thousand dollars greater than a base Tesla Mannequin S and, amongst innumerable different benefits, will cost 2 ½ occasions as shortly. Hmm, Tesla or Porsche… Not a troublesome selection!

The Taycan is simply a part of an onslaught of luxurious EV competitors about to tear the face off gross sales of Tesla’s most worthwhile fashions, the S & X, and this month got here the primary evaluations (forward of late-December European and April U.S. availability) of the Audi e-tron, an all-electric SUV with a bit over 200 miles of vary vs. the 237-mile base Mannequin X however with a a lot nicer inside and a worth that’s over $9000 decrease than the Tesla’s earlier than the Audi’s $1875 to $7500 tax credit score benefit. The Audi acquired strong evaluations (right here, right here, right here and right here), and three extra electrical Audis will comply with the e-tron: the Sportback in late-2019 and, in 2020, the spectacular e-tron GT that just lately debuted on the L.A. Auto present, in addition to a small electrical crossover.

In the meantime, out there instantly is the brand new Jaguar I-Tempo electrical crossover (which acquired fabulous evaluations, handily beating Tesla as compared check after comparability check) and is $14,000 lower than the Mannequin X and $8000 lower than the Mannequin S, gaps that (as with the Audi) widen by a further $3750 when Tesla’s tax credit start phasing out this week and escalate to $7500 in January 2020. I’ve pushed the Jaguar and may guarantee you that no goal individual will say it isn’t a lot nicer than any Tesla.

The Mercedes EQC all-electric SUV shall be out there in Europe in mid-2019 and within the U.S. in early 2020, with an EPA vary almost equal to that of the bottom Tesla Mannequin X (an estimated 225 miles vs. 237 for the Tesla) at a price that’s roughly $26,000 much less, because the Mercedes will in all probability sticker at round $65,000 and get a full $7500 tax credit score whereas the Mannequin X begins at $84,000 and can get no tax credit score when the Mercedes arrives. And by 2022 Mercedes may have ten absolutely electrical fashions, masking almost all its mannequin strains.

And let’s not rely out BMW; right here’s an interesting interview with their head EV powertrain engineer.

Inexpensive and obtainable in early 2019 are the superb new all-electric Hyundai Kona and Kia Nero, extraordinarily nicely reviewed small crossovers with an EPA vary of 258 miles for the Hyundai and 238 miles for the Kia, at costs of underneath $30,000 together with the $7500 U.S. tax credit score. I anticipate these automobiles to have a direct and severely destructive impression on gross sales of Tesla’s Mannequin Three and a future severely damaging influence on Tesla’s so-far unseen Mannequin Y small crossover (assuming, in fact, the latter makes it to market earlier than Tesla declares chapter).

In October Tesla reported the most effective quarter it should ever have (a GAAP revenue of $312 million), and in 2019 it shall return to its money-losing methods. My October and November letters clarify why Tesla’s 2019 GAAP loss will probably be at the very least within the lots of of tens of millions of dollars and maybe over a billion dollars; quite than repeating that evaluation right here, please e mail me in case you haven’t seen it and I’ll ship you these letters. And to kick off Tesla’s terrible 2019, right here’s a terrific rationalization as to why This fall 2018 (the one we’re in now) can be worse than Q3, and right here’s a fantastic tackle how actually dangerous Q1 2019 shall be.

However lest you consider Q3 actually did mark a big and lasting turnaround for Tesla, needless to say no group has a greater grasp of an organization’s prospects than its executives, but their large exodus continues with the regular departure of a number of key accounting, manufacturing, and engineering individuals together with, in December, the alternative of Tesla’s Basic Counsel with a outstanding securities fraud felony protection lawyer. (Learn into that what you’ll!) Quite than itemizing the endless stream of government departures right here, please use this hyperlink to see the astounding full listing. Many of those individuals left tens of millions of dollars in unvested inventory on the desk, and one should ask why. Do they assume that inventory will wind up nugatory? Have been they requested to do issues they have been “uncomfortable” doing? Or is Elon Musk simply so troublesome to work for that it isn’t well worth the hundreds of thousands of dollars they left behind? Not one of the solutions to these questions are favorable to Tesla. Whereas a few low-level whistleblowers have come ahead publicly to report on inner soiled deeds at Tesla, with that many high-level departures I’ve little question that myriad extra vital whistleblowers are doing the identical.

Maybe an important ongoing Tesla story is the evaporation of North American Mannequin Three backlog. For proof, right here’s a shot of Tesla’s website online from as we speak, December 31st (!) displaying fast availability…

Tesla Sales Electric SUV Competition

…and a determined tweet from Fraud-Boy himself on the 31st, carnival barking like a late-night infomercial salesman…

Tesla Sales Electric SUV Competition

…and eventually from the 31st got here this story from one of many Tesla shill-blogs…

Tesla Sales Electric SUV Competition

I’ll take “the over” on that “over 3000”!

Many individuals argue that “truly massive” Mannequin Three demand can be unleashed if Tesla presents a shorter-range, lower-priced model in 2019; right here’s why I feel that’s mistaken: first, I can’t see any method that a brief vary (roughly 220-mile) base automotive could be priced at lower than $40,000 (together with Tesla’s $1200 supply cost) vs. Tesla’s unique promise of $35,000 (a worth which has now been scrubbed from Tesla’s website online). In any case, the unoptioned long-range rear-wheel-drive base automotive (just lately discontinued) with an 80 kWh battery bought for $50,000 (together with the supply cost) and doubtless value Tesla round $45,000 to construct and promote. If Tesla cuts that battery measurement by 1/Three it should solely save round $5000, so simply to interrupt even it must worth the shorter-range automotive at round $40,000 (earlier than choices). Now let’s put that in perspective…

Tesla lately sat with piles of undesirable long-range (310 mile) rear-wheel drive Mannequin Three stock at a internet buyer base worth of $42,500 ($50,000 minus a $7500 tax credit score); in truth, after it ran by means of over two years of order backlog in Q3, demand turned so low for that mannequin that Tesla eradicated it utterly, mandating the acquisition of all-wheel drive with the most important Mannequin Three battery pack. So if a small-battery Mannequin Three with 90 fewer miles of vary will value $40,000 (my estimate) and solely include an $1875 credit score starting in July (and no credit score in any respect starting January 2020), why would there be door-busting demand for a $38,175 ($40,000 in January 2020) 220-mile automotive when there was a glut of 310-mile automobiles at $42,500? When financing a automotive, who wouldn’t pay an additional few thousand dollars for an additional 90 miles of electrical vary? And but Tesla’s North American backlog of these consumers is gone. The actual mass-market Mannequin Three demand was for a $35,000 automotive with a $7500 tax credit score—a fictional product that Musk lied about to do large capital raises in 2016 and 2017.

In the meantime, the Mannequin Three continues to disclose itself to be an entire lemon (one which’s notably disastrous within the winter), with the newest survey from True Delta rating it lifeless final amongst all out there automobiles. And in September British journal What Automotive? ranked general Tesla reliability so low that it’s in “a league” of its personal. And talking of lemons, though the newest Shopper Studies survey doesn’t have sufficient Mannequin Three knowledge to offer a reliability estimate aside from “average,” it downgrades the Mannequin S to “worse than average” and thus “unacceptable” whereas the Mannequin X is as soon as once more rated “much worse than average” and makes the “coveted” “10 Least Reliable Cars” listing.

Additionally in December, Tesla appointed two new SEC-mandated “independent” administrators to its board, neither of whom know something about manufacturing or distributing automobiles and each of whom (you possibly can’t make these things up!) had main Theranos involvement, both personally (Larry Ellison) or corporately (Walgreen’s, from which Kathleen Thompson hails). And considered one of these “independent” administrators (Ellison) was lately quoted as saying “I am very close friends to Elon Musk and I am a very big investor in Tesla.” That’s some actual independence proper there! “Zero Hedge” wrote an ideal abstract of this debacle as did my pal Anton Wahlman.

Additionally in December, Musk made a hilariously defiant (of the SEC) look on “60 Minutes”; right here’s a terrific abstract, Tesla’s “China factory” that was allegedly going to be producing automobiles in 2019 was revealed to be nothing greater than dust, and the Wall Road Journal broke a narrative about how Musk diverted SpaceX funds into his dumb-ass tunnel firm with out telling SpaceX buyers. (Hiya jail!) And should you’re becoming bored with my month-to-month “short case for Tesla” letters, right here’s a terrific ten-point argument from Credit score Bubble Shares. And eventually, Tesla is more and more besieged by all kinds of lawsuits for securities fraud, labor discrimination, employee security, union-busting, sudden acceleration and lemon regulation violations, and new ones seem regularly. In reality, one might even argue that Tesla is a felony enterprise.

In the meantime Tesla continues to downsize its SolarCity division whereas a civil securities fraud case accusing Musk of utilizing Tesla to bail out his (and his household’s) pursuits there proceeds; Zero Hedge included a superb abstract of the go well with by Twitter consumer @TeslaCharts on this story about SolarCity’s newest retrenchment which can undoubtedly assist gasoline that fraud case, as will this later story describing how Tesla gross sales individuals do not know when the photo voltaic tiles or PowerWalls used to justify that merger will ever be obtainable. (Keep in mind that when Musk was selling that merger he used pretend photo voltaic tiles on a pretend home at a film studio… How applicable!)

So right here is Tesla’s competitors in automobiles (observe: these hyperlinks are regularly up to date)…

THE NEW ALL-ELECTRIC JAGUAR I‑PACE

2019 Jaguar XJ to be reborn as high-tech electrical flagship

Audi e-tron electrical SUV is accessible early 2019

Audi e-tron Sportback comes late 2019

AUDI E-TRON GT FIRST DRIVE: LOOK OUT, TESLA (out there 2020)

Smaller Audi electrical SUV coming in 2020

Mercedes unveils the 2019 EQC Electric SUV

Mercedes to launch 10 all-electric fashions by 2022

The 2019 Porsche Electric Taycan

Porsche Electric Mission E Cross Turismo goes into collection manufacturing

Porsche Goals At Tesla Once more With An Electric SUV, Taycan Targa and Potential Boxster EV

258-Mile Hyundai Kona electrical arrives early 2019 for beneath $40,000

240-Mile Kia Niro EV Arrives January 2019 at Beneath $40,000

The 2020 Kia Soul EV Is Extra Highly effective Than Earlier than and Has 260-mile Vary

Kia Europe to have six pure electrical fashions by 2022

Chevrolet Bolt Provides 238 Miles On A Single Cost For $37,495

GM to introduce Three extra electrical automobiles earlier than 2020, battery cells at <$100/kWh

VW to spend $50.2 billion on electrical, autonomous automobiles by 2023

This is how Volkswagen plans to show itself into the world’s largest EV maker

VW Is Planning $21,000 Subcompact E-Automotive to Problem Tesla

220-mile Nissan Leaf reportedly coming in 2019 for $35,000

Nissan Leaf-based SUV coming in 2020

Volvo Polestar 2: 350-mile vary, £30,000 beginning worth

Volvo To Begin Promoting Electric Vans In 2019, Some Will Hit The Street This Yr

BMW iX3 electrical crossover goes on sale in 2020

BMW i4 confirmed for manufacturing in 2021 with 435-mile vary

BMW to have 25 electrified fashions by 2025

Ford plans $11 billion funding, 40 electrical automobiles by 2022

Toyota, Mazda, Denso create firm to roll out electrical automobiles starting 2019

Toyota to market over 10 battery EV fashions in early 2020s

Renault goals to stay EV chief in Europe

Infiniti will go principally electrical by 2021

DS Three Crossback will give PSA’s upscale model an electrical increase

ALL-ELECTRIC MINI COOPER COMING IN 2019

Sensible Will Electrify Its Complete Line-up By 2020

SEAT’s first electrical automotive is due in 2020

Opel/Vauxhall will launch electrical SUV and van in 2020

2019 Skoda e-Citigo confirmed as model’s first all-electric mannequin

Skoda planning vary of scorching all-electric eRS fashions

New Citroen C4 Cactus to be first electrified Citroen in 2020

MG E-Movement confirms new EV sports activities automotive on the best way by 2020

Fiat Chrysler bets on electrification for Alfa, Jeep and Maserati

Maserati providing three absolutely electrical automobiles between 2020 and 2022

Rolls-Royce is getting ready electrical Phantom for 2022

Honda will supply full-EV or hybrid tech on each European mannequin by 2025

Bentley mulls electrical automotive to assist scale back carbon footprint

Subaru to introduce all-electric automobiles by 2021

Ssangyong e-SIV idea previews 2020 EV

Dyson Strikes Forward on $2.6 Billion Electric Automotive Plan

Lucid Motors closes $1 billion cope with Saudi Arabia to fund electrical automotive manufacturing

Borgward BXi7 Electric SUV Flies Beneath The Radar

Rivian launches all-electric 7-seat SUV with over 410 miles of vary

Rivian Automotive’s electrical pickup breaks cowl

Detroit Electric guarantees Three automobiles in Three years

SF Motors reveals two electrical SUVs for 2019 with 300 miles of vary

Two new electrical automobiles from Mahindra in India by 2019; International Tesla rival e-car quickly

Saab asset proprietor NEVS plans electrical automotive manufacturing

EVelozcity Raises $1 billion For EV Startup

And in China…

BYD Presents All-Electric SUV With 600km Vary, Zero-100km/h in four.four secs @ $37k-$52Okay

Prime of Type

Backside of Type

Daimler & BYD launch new DENZA electrical car for the Chinese language market

BAIC and Daimler to Construct $1.9 Billion China Plant

BAIC brings EX5 Electric SUV to market

Daimler to Begin EQC Electric SUV Manufacturing in China in 2019

Volkswagen makes €15bn guess on electrical automobiles in China

Volkswagen Group China’s mega-factory in Foshan will strengthen e-mobility technique in China

VW indicators offers for EVs, autonomous driving in China

Audi to launch 7 new power car fashions in China by 2020

GM China raises new-energy car goal to 20 fashions by way of 2023

Nissan & Dongfeng to take a position $9.5 billion in China to spice up electrical automobiles

Toyota to Introduce 10 New Electrified Automobiles in China by 2020

Infiniti bringing EVs to China’s luxurious automotive market

NIOS ES8 Electric Crossover debuts with half the Tesla Mannequin X’s price ticket

536 HP Nio ES6 Midsize Electric SUV Launches With 317-Mile Vary (at half the worth of Tesla X

BMW will develop and produce electrical Mini in China

Ford ramps up electrical car push in China

Jaguar Land Rover’s Chinese language arm invests £800m in EV manufacturing

SAIC constructing manufacturing unit in China for EVs from Roewe and MG

Renault and Brilliance Automotive to construct Three new electrical mild business automobiles for China

Honda launches new all-electric Everus VE-1 for ~$25,000 in China

Changan constructing giant scale NEV manufacturing unit

Mazda and Changan Auto be a part of arms on electrical automobiles
XPeng kicks-off gross sales of Tesla-infused EV for €30,000

WM Motors/Weltmeister EX5 Electric SUV Launched On The Chinese language Automotive Market

Geely invests $5 billion into new electrical automotive manufacturing unit in China

Chery Breaks Floor on $240M EV Manufacturing unit in China

Chery’s second EV plant open in Dezhou

DearCC Launches ENOVATE Electric SUV

GAC Trumpchi to launch range-extended EVs

Guangzhou Auto To Launch 4 New Electric Automobiles By 2020

Chinese language carmaker Byton unveils its absolutely autonomous rival to Tesla’s electrical sedans

Chinese language-backed electrical automotive start-up Byton woos CES with mannequin 40% cheaper than a Tesla

Nice Wall Launches New EV Model (ORA) In China

Singulato iS6 Electric SUV Debuts With 249-Mile Vary

Singulato, BAIC companion to advertise sensible new power automobiles

Hongqi’s first all-electric SUV E-HS3 put into quantity manufacturing

FAW (Hongqi) to roll out 15 electrical fashions by 2025

JAC’s Electric Automotive Has A Vary Of 500 Kilometers

ICONIQ to construct electrical automobiles in Zhaoqing with complete funding of RMB 16 billion

Quianu Motor goals to seize share of US electrical car market

Hozon Kicks Off Mass Manufacturing With All-Electric Neta N01

Aiways to develops 25,000 euro e-SUV

All-electric NEVS 9-Three sedans (nee Saab) being inbuilt China

Youxia Motors raises $1.25 billion to start out 2019 EV manufacturing

CHJ Automotive buys Lifan for shortcut to EV manufacturing

Wanxiang Will get China Electric Car Allow to Make Karma Automobiles

Qoros Auto’s new proprietor plans to be an EV energy

JMC (Jianling Motor Corp.) Begins New EV Model In China

Thunder Energy Chinese language EV producer clinches cope with Belgian funding fund

Leapmotor raises RMB2.5 billion for Collection A spherical to construct electrical automobiles

Continental, Didi signal deal on creating EVs for China

Right here’s Tesla’s competitors in autonomous driving…

Tesla Ranks Final for Automated Driving

What Sensible Tesla followers Get Mistaken about Full Self-Driving

A Tesla self-driving blind spot that few are specializing in

Waymo Begins First Driverless Automotive Service

Jaguar and Waymo announce an electrical, absolutely autonomous automotive

Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000

Uber, Waymo in talks about self-driving partnership

Lyft and Waymo Attain Deal to Collaborate on Self-Driving Automobiles

Cadillac Tremendous Cruise™ Units the Commonplace for Palms-Free Freeway Driving

GM ride-hailing fleet would ditch steering wheel, pedals in 2019

Honda Joins with Cruise and Common Motors to Construct New Autonomous Car

SoftBank Imaginative and prescient Fund to Make investments $2.25 Billion in GM Cruise

An Overview of Audi Piloted Driving

Mercedes plans superior self-driving tech for subsequent S class

Nvidia to check fleet of robotaxis in 2019 with Daimler, Bosch

NVIDIA and Toyota Collaborate to Speed up Market Introduction of Autonomous Automobiles

Volkswagen and NVIDIA to Infuse AI into Future Car Lineup

Volvo, Nvidia increase autonomous driving collaboration

Continental & NVIDIA Companion to Allow Manufacturing of Synthetic Intelligence Self-Driving Automobiles

Bosch and Daimler be a part of forces to market absolutely automated, driverless taxis by 2020

Intel’s Mobileye may have 2 million automobiles (VW, BMW & Nissan) on roads constructing HD maps in 2018

Volkswagen Group and Aurora Innovation Announce Strategic Collaboration On Self-Driving Automobiles

Toyota Provides $2.eight Billion to Software program Push for Self-Driving Automobiles

Toyota, SoftBank in first-ever alliance, goal self-driving automotive providers

Toyota Invests $500 Million in Uber to Get Self-Driving Automobiles on the Street

Nissan and Mobileye to generate, share, and make the most of imaginative and prescient knowledge for crowdsourced mapping

Magna joins the BMW Group, Intel and Mobileye platform as an Integrator for AVs

Intel collaborates with Waymo on self-driving compute design

Fiat Chrysler to Be a part of BMW, Intel and Mobileye in Creating Autonomous Driving Platform

Ford-Backed Driverless-Automotive Startup Argo AI Lures Expertise

Ford to take a position $four billion in new self-driving car unit

Ford, Baidu to start out self-driving street exams in China

Baidu unveils autonomous driving platform backed by 90 international companions

Baidu plans to mass produce Degree four self-driving automobiles with BAIC by 2021

Daimler and Baidu to Improve Strategic Cooperation in Automated Driving

Volvo, Baidu to co-develop EVs with Degree four autonomy for China

VW faucets Baidu’s Apollo platform to develop self-driving automobiles in China

Lyft, Aptiv (previously Delphi) associate on driverless ride-hailing at 2018 CES in Vegas

Lyft, Magna in Deal to Develop Hardware, Software program for Self-Driving Automobiles

Hyundai, Aurora to launch autonomous automobiles by 2021

Deutsche Submit to Deploy Check Fleet Of Absolutely Autonomous Supply Vans This Yr

Byton cooperating with Aurora on autonomous automobiles

ZF plans $14 billion autonomous car push

Magna’s new MAX4 self-driving platform provides autonomy as much as Degree four

Bosch Creates a Map That Makes use of Radar Alerts for Automated Driving

Groupe PSA’s protected and intuitive autonomous automotive examined by most of the people

Tencent, Changan Auto Announce Autonomous-Car Joint Enterprise

JD.com Delivers on Self-Driving Electric Vans

NAVYA Unveils First Absolutely Autonomous Taxi

Fujitsu and HERE to companion on superior mobility providers and autonomous driving

Lucid Chooses Mobileye as Associate for Autonomous Car Know-how

First Look Inside Zoox’s Autonomous Taxi

Apple Is Specializing in Making an Autonomous Automotive System

Samsung, Harman gear up for self-driving cars

Mitsubishi Electric Develops Automated Mapping For Autonomous Driving

Hitachi demonstrates car with 11-function autonomous driving ECU

DENSO and NEC Collaborate on Automated Driving and Manufacturing

Nuro’s Robotic Supply Vans Are Arriving Earlier than Self-Driving Automobiles

Right here’s Tesla’s competitors in automotive batteries…

LG Chem targets electrical automotive battery gross sales of $6.Three billion in 2020

LG Chem to construct $1.eight bln EV battery plant in China

Samsung SDI Unveils Revolutionary Battery Merchandise at 2018 Detroit Motor Present

SK Innovation to spice up EV battery manufacturing capability greater than tenfold by 2022

New Toshiba EV Battery Permits 320km Cost in 6 Minutes

Daimler begins constructing electrical automotive batteries in Tuscaloosa – certainly one of eight battery factories

Panasonic Opens New Automotive Lithium-Ion Battery Manufacturing unit in Dalian, China

Panasonic types battery partnership with Toyota

CATL’s Chinese language battery manufacturing unit might be greater than Tesla’s Gigafactory

CATL to arrange battery cell manufacturing in Germany

BYD to quadruple automotive battery output with lithium website crops

GM inaugurates battery meeting plant in Shanghai

Volkswagen plans entry into battery cell manufacturing

VW Needs to One-Up Tesla With a Subsequent-Era Battery

Honda Companions on Common Motors’ Subsequent Gen Battery Improvement

Power Absolute Plots Asian Challenge Rivaling Musk’s Gigafactory

France’s Saft plans manufacturing of next-gen lithium ion batteries from 2020

ABB groups up with Northvolt on Europe’s largest battery plant

Chinese language Battery Maker to Open Manufacturing unit Subsequent to Swedish EV Plant

Sokon goals to be international supplier of battery, electrical motor, electrical management methods

BMW Group invests 200 million euros in Battery Cell Competence Centre

BMW Brilliance Automotive opens battery manufacturing unit in Shenyang

BMW declares partnership with solid-state battery firm

Toyota guarantees auto battery ‘game-changer’

VW improve stake in solid-state batteries with $100M funding

Hyundai Motor creating solid-state EV batteries

Continental eyes funding in solid-state batteries

Wanxiang is enjoying to win, even when it takes generations

UK offers hundreds of thousands to assist construct extra electrical car batteries

Rimac goes to mass produce batteries and electrical motors for OEMs

Elon Musk Has A New Battery Rival (Romeo Energy) Packed With His Ex-Staff

Bracing for EV shift, NGK Spark Plug ignites all solid-state battery quest

ProLogium Know-how Will Produce First Subsequent Era Lithium Ceramic Battery For EVs

Right here’s Tesla’s competitors in storage batteries…

Panasonic

Samsung

LG

BYD

AES + Siemens (Fluence)

GE

Bosch

Mitsubishi Hitachi

NEC

Hitachi Chemical

Toshiba

ABB

Saft

Johnson Contols

EnerSys

SOLARWATT

Schneider Electric

sonnenBatterie

Kokam

Sharp

Eaton

Nissan

Tesvolt

Kreisel

Leclanche

Lockheed Martin

EOS Power Storage

ESS

UET

electrIQ Energy

Belectric

Sunverge

Stem

ENGIE

Exergonix

Redflow

Renault

Fluidic Power

Primus Energy

Simpliphi Energy

redT Power Storage

Murata

Bluestorage

Adara

Blue Planet

Clear Power Storage Inc.

Tabuchi Electric

Younicos

Orison

Moixa

Powin Power

Nidec

Powervault

Schmid

24M

Eelpower

Ecoult

Innolith

LithiumWerks

And right here’s Tesla’s competitors in charging networks…

Electrify America: Our Plan

EVgo Putting in First 350 kW Extremely Quick Public Charging Station In The US

Tritium’s First 350-kW DC Quick Chargers Coming To U.S.

Porsche plans community of 500 quick chargers for U.S.

ChargePoint To Equip Mercedes Dealerships With 150kw Charging Stations For EQC

Recargo Ultrafast West Coast Charging

BMW, Daimler, Ford, VW, Audi & Porsche type IONITY European 350kw Charging Community

E.ON to have 10,000 150KW TO 350KW EV charging factors throughout Europe by 2020

Enel kicks off the E-VIA FLEX-E venture for the set up of European ultra-fast charging stations

Europe’s Allego “Ultra E” ultra-fast charging community now operational

Allego & Fortum Launch MEGA-E Excessive Energy Charging community for Europe’s Metropolitan areas

ChargePoint Secures $240 Million in Further Funding; $500 million raised in complete

UK’s Podpoint putting in 150kW EV speedy chargers this yr; 350kW by 2020

UK Nationwide Grid plans 350kW EV cost level community

Fastned constructing 150kw-350kw chargers in Europe

Deutsche Telekom to construct electrical automotive charging community in Germany

ABB powers e-mobility with launch of first 150-350 kW excessive energy charger

Shell buys European electrical car charging pioneer NewMotion

BP buys UK’s largest automotive charging agency Chargemaster

Complete planning EV charging factors at its French stations

But regardless of all that deep-pocketed competitors, maybe you need to purchase shares of Tesla since you consider in its administration staff. Actually???

Elon Musk Settles SEC Fraud Fees

Elon Musk, June 2009: “Tesla will cross over into profitability next month”

Tesla SEC Correspondence Exhibits A Sample Of Inaccurate, Incomplete & Deceptive Disclosures

Tesla: Examine Your Full Self-Driving Snake Oil Expiration Date

As Musk Hyped and Pleased-Talked Buyers, Tesla Stored Quiet A few Yr-Lengthy SEC Probe

The Fact Is Catching Up With Tesla

With Deceptive Messages And Buyer NDAs, Tesla Performs Stealth Recall

Who You Gonna Consider? Elon Musk’s Phrases Or Your Personal Mendacity Eyes?

How Tesla and Elon Musk Exaggerated Security Claims About Autopilot and Automobiles

When Is Sufficient Sufficient With Elon Musk?

Musk Talked Merger With SolarCity CEO Earlier than Tesla Inventory Sale

Debunking The Tesla Mythology

Tesla Continues To Mislead Shoppers

Tesla Misses The Level With Fortune Autopilot Story

Tesla Timeline Exhibits Musk’s Morality Is Extremely Handy

Tesla Scares Clients With Nugatory NDAs, The Day by day Kanban Talks To Legal professionals

Tesla: Opposite To The Official Story, Elon Musk Is Promoting To Maintain Money

Tesla: O, What A Tangled Net We Weave When First We Follow To Deceive

I Put 20 Refundable Deposits On The Tesla Mannequin Three

Tesla’s Monetary Shenanigans

Tesla: A Failure To Talk

Can You Actually Belief Tesla?

Elon Musk Seems To Have Misled Buyers On Tesla’s Most Current Convention Name

Understanding Tesla’s Potemkin Swap Station

Tesla’s Superb Powerwall Reservations

So in abstract, Tesla is dropping an enormous sum of money even earlier than it faces an enormous onslaught of competitors (and issues will solely worsen as soon as it does), whereas its market cap tops that of Ford and GM’s regardless of promoting roughly 300,000 automobiles a yr whereas Ford and GM make billions of dollars promoting 6 million and 9 million automobiles respectively. Thus this cash-burning Musk vainness undertaking is value vastly lower than its roughly $70 billion enterprise worth and—because of its roughly $31 billion in debt and buy obligations—might ultimately be value “zero.”