/biz/ - Business & Finance

>>11232587
Hes too smart to give a fuck about greed.

>>11232587
>Elon
>Doing anything relevant ever

>when you make electric cars to reduce fossil fuels but you end up using more due to energy losses in transmission from powerplant to house

>>11232666
>Trips confirm Elon is literally fighting Satan at this point.

All because he fucked a mentally ill woman lmao

>>11232797
no? it was ambien

>>11232797
Grimes?

tsla 11% down

>>11232873

Based quentin

This is good for Elon btw.
Tesla is a car company, he's not a good CEO for a stable company... he has to give Tesla to more responsible people..

He should focus on his other futuristic stuff like Neuralink, SpaceX

>>11232873
Hahahahah wtf is this comic.

Who else shorted tesla? To the MOOOOOON BABY!

>>11232587
Oh my fucking god, it’s actually fucking real. Do I sell my Tesla stock or ride it out?

>>11232964
>holding TSLA
Jesus Christ.

>>11232964
you are an absolute retard if you have to ask that.

thread theme
https://www.youtube.com/watch?v=1lWJXDG2i0A

>>11232984
>>11232977
Judging by your replies , I’m going to ride it out since you brainless don’t understand the genius that Elon possesses and his ability to play 40D chess with everyone, including the SEC

>>11232964
psh im gonna load up soon

>tfw bought TSLA calls

>>11233019
He's not "playing the SEC", he fucked up big time. And he has (of course) admitted that it was a huge mistake. That doesn't mean you can't be bullish on Tesla.. But it's definitely really bad news for Elon and Tesla.

>>11232964
when did you buy? it is already trading at 265 after hours will dump even more when it opens tomorrow.

>>11232863
ambien heard

>>11233050
most likely there will be a drop first, then it'll go up because people will try to catch the bottom, and then drop to actual bottom.
remember a lot of people are hoping for a juicy short but there are also shitloads of people hoping to buy tesla cheap because they are bullish long term.

>>11233041
really does depend. investors might actually rally if musk gets removed. less volatility and shitposting.

>>11232666
Neuralink is really fucking cool despite noone talking about it. I really hope it doesn't go down with him.

You guys arguing that this is somehow a positive, or that Musk is 65 moves ahead of everyone else, are delusional.

Musk committed fraud, and he did it publicly. It’s really not debatable that he violated SEC regulations, it’s just a matter of what the punishment will be.

There are already class action lawsuits, and there will be more now that the SEC has validated the fraud claims. They will be settled, and it will cost a not-insignificant amount of money.

Q3 results are coming out soon. Musk promised profitability and positive cash glow in Q3 and Q4. It’s not going to happen, which will drive down the share price even more.

Without positive cash flow, TSLA will need to go to the market to get more cash to fund operations by the end of the year. With interest rates rising and the company in turmoil, borrowing costs will be punitive.

tl;dr Tesla is going under

>longing TSLA
OH NO NO NO NO
*breathes in*
HAHAHAHAHAHAHAHAHAHAHA

>>11233171
>really does depend. investors might actually rally if musk gets removed. less volatility and shitposting.

This is my thought too. He has clearly lost the plot in the last several months. I don't think a rally would be quick though, there will be a lot of pain for shareholders if he is banned from the company, but over time I could see them getting their shit together.

They're really swimming upstream now though, with competitors ratcheting up their own operations and their balance sheet being such a goddamn mess.

Damn, they really did it. I remember people saying when that happened SEC was going to charge him with market manipulation and they did. Oh shit.

>>11233581
They actually did it! the absolute madlads!

>>11233019
on top of the ceo shenanigans you're betting on them figuring out supply chains and customer service before anyone else does. would rather drive a polestar than a models s

>>11232666
Satan trips speak the truth.

>>11232674
Don't forget the batteries drain fast, don't last as long.

>>11232587

>>11233039

>>11232587

https://www.zerohedge.com/news/2018-09-27/elon-musk-sued-sec-tesla-stock-tumbles-here-full-complaint

kek eat shit, musk cucks

>>11232666


oh look a cancerous millennial spotted

>>11232916
Fucking newfag.

to be completely honest i wondered what the fuck he was doing making those public statements

if he didn't get into some kind of trouble because of it it would be proof that the system and its laws don't carry any weight. even if it's just for show they have to at least send some kind of message to people that you can't just tweet whatever you want if you represent a company

HAHAHAHAHHJAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAH*inhales*HAHAHAHAHHJAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAH*inhales*HAHAHAHAHHJAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAH*inhales*HAHAHAHAHHJAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAH*inhales*HAHAHAHAHHJAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAH*inhales*HAHAHAHAHHJAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAH

>>11232964

right now is a good time to buy

>>11232674
>people who can afford a tesla can’t also afford solar panels

I hope you know all of your cars are shit compared to Tesla’s. Anyone who knows anything about them would know they are the future.

>>11233498
You can't do a secondary while under the SEC investigation, and Tesla is under an SEC investigation besides 420 twit. Underwriters will not touch it. If the SEC investigation doesn't stop after the pop on manufactured profit, they will file for ch 11 protection. So it's either a zero if they don't raise, and it's not even a given they can find underwriters who will touch it or while under the SEC microscope not mention the SEC investigation. Maybe they will use this BS investigation of Elon to sort of point to an investigation, but it still has to complete before the raise for underwriters to agree to sell a secondary.

we told you to buy shitcoins, you didn't listen
fucktards

>>11234678

>he hasn’t read how their open-air Tesla factory tents churn out cars with damaged parts and they have stopped covering repair costs for those unless an NDA was signed
>malfunctioning auto pilot
>battery explodes upon impact
>double-selling vehicles to boost earnings
>Company debt rose every single quarter

WOW BASED

>>11234757
It's some psy op if you ask me. Unaffected people don't even like the cars, yet the members of the cult see Saint Elon do no wrong. I've not seen anything like that in my life. The guy is charged with fraud, yet investors say it's no big deal because Tesla is not yet charged with fraud, when it's absolutely clear that is coming too. The financials read like a fraud. The behavior of a CEO is that of a fraudster, and not even a good one. This is the shit that happens on OTC market, but it's no use to talk to any Elon fan. They are fundamentally innumerate people and they believe their insane shit, and what's odd is each of them has their own belief in why Elon is great and its different for different fans. It's some sort of mental illness. I wouldn't be surprised if TSLA is trading where it is on ch 11 filing. Why because AAPL will buy them, or the Chinese or the Saudis, or if not Elon, we are all doomed or what is ch 11.

>>11232904
You are a dumbass. There is nobody who can run Tesla but him. Tesla can be profitable, but it currently isn't. It isn't even close. There is nobody who can keep the value of the company up and not just send it into a death spiral because it's massive debt but Elon Musk. You are the same kind of person saying we need a more responsible adult to run Apple and kick Steve Jobs out. Tesla is not in a position right now to not have somebody like Musk at the head.

>>11234705
Do you have a link to any of the regulations regarding seeking investment while under active investigation?
Or is this just common industry knowledge ?

>>11234869
There is nothing preventing him from raising capital while under the investigation. He has to disclose the investigation. At this point no underwriter will touch it, because there is risk for underwriters. No underwriter will touch investigated company, if he doesn't disclose on filing the investigation, the SEC will go in for non disclosure. So you have to disclose, and underwriters will not touch it, because they run the risk if something material happens during an offering of getting stuck with this shit. It's just never done on the IB side of the business.

>>11234838
Dare I say that musk cucks are totally demoralized

>>11234959
I don't think so. If they weren't as innumerate and insane they wouldn't even have TSLA at this point. I think they will buy the dip tomorrow. They may run out of money, that I don't know, but if they have money they will buy more. As I was saying, you will have people buying in in ch 11, so being demoralized if you lack any capacity to analyze the world around you is pretty hard. I think they will be demoralized if Musk left. While he is heading this dumpster fire, they will throw money at it as they think they support a vision or some other crackhead reason they come up with. You can't analyze irrational behavior, especially if these people have a history of irrational behavior. I doubt ch 11 stops them if Musk is the CEO.

>>11232873
based

>>11234906
Yeah, but we are talking about Silicon Valley money here. These fuckers look past everything and assume massive risk for huge reward.
Even if they were high rate junk bonds he could still get cash to burn if they are in a crunch, right?

yea tsla is gonna tank like you predicted nike would you dumb conservatards

>>11235149
Let me explain. The store has to be open for you to buy stuff in. Underwriters don't underwrite SEC investigations. Even though theoretically Tesla can do a secondary, there is no rule saying they can't. But the IBs don't take this risk. So if Tesla finds some boiler room who can do an offering, he can, but then you wouldn't think JT Marley lead underwriting will not tell you all you need to know about it. For any financially literate person, this is a zero. Would a bank underwrite an offering knowing its a zero? Sure. But they will not incur any liability doing it. Underwriting a zero under the SEC investigation is the risk none of them take.So if he can find an underwriter, he can raise, but it will not be banks with shareholders.

>>11232587

>>11232873
>>11235068
>>11235102
>Hollywood.

>>11232587
This is almost exactly what I predicted might happen. One of you autists should pull up the archived thread on warosu.

>>11233041
he's done, he'll be ousted from TSLA within a month, and never be allowed to be part of a public company again

you can't just mess around with this kind of thing in a public forum, there are billions of dollars at stake every day

>yfw this is actual text from the complaint

>>11233328
Literally vaporware

>>11235494

>>11232674
Has anyone actually figured what the cost is to deliver 15 gallons of gas from an oil field to your car tank vs filling a Tesla battery?

>>11234757
To be fair, it IS a lithium battery. Even your phone has one and if it gets damaged in any way, it expands and catches fire. No real shocker there.

Other than that though, every other point is valid lmao.

>>11235532
We actually have discussions about the ecological or environmental impact li batteries from EVs in grad school. You can't recycle them, and they do have to get replaced/upgraded

>>11235185
I mean I am not a 6 year old, but thanks for the explanation none the less.
I think the misunderstanding is in the acquisition process. When I say Silicon Valley I am talking about individuals or individual entities, not pools of money needing a middle man. They broker the terms independently.

>>11232587
But I thought I should buy low...?

Boyz, remember Tesla has itself one or two investigations open.
Plus the DOJ is involved in some degree, probably with Elon.

Also expect Q3 results to be delayed, since they'll have to review their deceptive accounting to reflect the lots of clients defrauded of 60k$ each with no real car delivery

>>11234757
>open-air Tesla factory tents
holy shit it's real
i thought this was just shortfags being shortfags, but goddamn
this remind me of the open-air tank factories in the urals the USSR had during the worst of WW2 (today Uralvagonzavod)

>>11232666
Wow, you know Elon is fucked when his deal with the devil goes south. At least he can keep banging his goth thottie.

>>11232918
That gif is terrifying...

>>11232666
nice try Satan

Newsflaash to anyone who's a CEO. GET OFF THE INTERNET. What a dumb fuck. Commits fraud publicly and on Twitter of all places. Complete moron. Anyone with a half a brain knew the SEC was going to come fuck his shit up. Someone needs to photoshop that meme justfuckmyshitup hair on his head.

>>11232885
Man, imagine all the uncanny valley shit early humans had to deal with, with all these fuckers walking around

>>11235692
>hyperloop
vaporware

>>11234563
>when you make solar panels to reduce fossil fuel use, but end up using more due to energy requirements to actually manufacture the panels

>>11233498
Fuck you now I’m just going to buy twice as many Teslas

>>11232964
>Selling low

kek never gonna make it

>>11235601
"can't recycle". . . like we can't transfer heat from a cold area to a hot one?

>>11236176
Once the energy has been spent to produce the panel... the panel gathers energy from the sun in a clean way... transferring more energy over time than was required to create the panel... get it?

>>11232587
>420$ going private
>Nah, trolled you.

Hopefully he is getting sued for the same amount of money, that his shit company TSLA has burned through aka tax money.

I made a killing shorting Tesla

>>11235068
Quentin wouldn't use A. Wyatt Mann memes in his comics
fake and gay faggot

>>11235068
/pol/ is so fucking retarded. I hope people don't actually believe this material kek

>>11232964
Sell it on Tuesday. I was in a similar situation with TSLA at 290 3 weeks or so ago (after I bought at 345) and it bounced back to 316. There is always enough cult followers to catch the falling knife and give you a dead cat bounce. The 10% loss was painful but I added it to my SQ position so I more than made it back.

>>11235494
>"Muh Musk will save us all"
Can't even save himself from a basic thot
Uberkek

>>11236613
> tfw dont have any money to even worry about it

>>11236541
i think thats part of the meme. quentin was always having a little dig the people that would support his comics.
fake quentin is having a go at the spasmoids who believe that comic.

this is all because he named the jew on Yidder and smoked with Joe Glowgan btw

>>11232964
hodl of course

>>11234838
40% short interest every hedge fund knows it’s a complete scam, probably worth 30 bucks but more likely imo it’s a 0. They need like 10 billion in new capital

>>11236353
now go out and research how much energy is required to manufacture the panel, including mining rare metals for the cells, silver for cell connections, toughened glass panels, etc., etc.
also, keep in mind that solar cells degrade rather quickly, losing about 50% efficiency in ~10 years.
if youre not a complete retarded brainlet that you seem to be, youll quickly find out that with the newest technology and best case scenarios youll be about brake even. realistically, youll lose a fuckton of energy.
solar is a fucking meme.

>>11236858
100% wrong.

Solar is cheap af right now and graphene based panels are coming in the next 12 months adding a extra 40% efficiency to the market

>spend decades building empire
>crash it all down in a matter of weeks because you just discover dude weed lmao
What even is this timeline

>>11236674
whoa /biz/ is really laying it down tonight

>>11236891
nah, youre just a yuppie faggot who bought the meme and think youre being environmentally friendly when in reality youre not much different from a hummer driving inbred cleatus.
https://www.nrel.gov/docs/fy12osti/53938.pdf
https://news.nationalgeographic.com/news/energy/2014/11/141111-solar-panel-manufacturing-sustainability-ranking/
i have nothing against renewables, especially things like geothermal, wind, ocean/ sea waves, etc. fuck, im not even that much against solar, it has its uses, for example in the desert. but each house being equipped with solar panels to charge their evs is beyond fucking retarded.

It was about time to get him fucked

>>11236891
https://www.sciencedirect.com/science/article/pii/S0301421500000872
i dont expect you idiots to have an access to scientific papers, but you can check results here. this is a massive shill for pv getting their propaganda out, and even they admit that pv is not as good as other renewables.
the problem is that they made multiple mistakes in their shilling shitpaper:
1) they only consider tracking solar panels, and even then fail to compensate that those capture about ~90% of total energy (they assume 100%). non tracking panels (the vast majority) only capture about 50%. so you can multiply their pay-back time by x2;
2) they omit any additional electronics costs (such as inverters, regulators, etc), basically just handwave them away. you can multiply pay-back time by additional x1.2;
3) they also omit frames and additional parts of the panel. basically they only include the cells and some minor components (like connecting wires). you can multiply pay-back time by additional ~x1.5;
4) they failed to compensate for pv aging and assumed constant efficiency over the panel lifetime. old panels lose as much as 50% of their efficiency over 12 years. newer ones are a lot better, but they also lose ~20% over 10 years. youll also need to change toughened glass after 10 years, which again has its own carbon footprint. you can multiply their pay-back time by another x1.5;
5) they also fail to account for reduced efficiency due to increased temperature. multiply the pay-back time by another x1.2;
6) to their credit, they were too pessimistic with their predictions on efficiency advancements. they assumed that panels in 2020 will be ~18% efficient, when in reality the current average is a bit over 20%. multiply their pay-back time by ~x0.9.
so all-in-all you have about 20 years of actual pay-back time.