Elon Musk' s Pending Purchase of Twitter Weighs Heavy on Tesla — But Should It HEAD TOPICS
Elon Musk' s Pending Purchase of Twitter Weighs Heavy on Tesla — But Should It
10/21/2022 7:18:00 AM Elon Musk s Pending Purchase of Twitter Weighs Heavy on Tesla — But Should It
Source CleanTechnica
Elon Musk s Pending Purchase of Twitter Weighs Heavy on Tesla — But Should It The narrative surrounding Tesla's recent third quarter earnings mostly centered on demand as the automaker missed expectations ByPublished20 mins agoThe narrative surrounding Tesla’s recent third quarter earnings mostly centered on demand, as the automaker missed expectations for vehicle deliveries. After all, “the company has navigated production hiccups and ongoing supply-chain challenges,” reports the Wall Street Journal.Digging deeper though, WSJ confesses, “Mr. Musk’s on-again, off-again pursuit of Twitter Inc. also has weighed on the car maker’s stock.” Indeed. I suspect the ongoing Twitter soap opera leaves investors feeling, ummm,uneasyabout Musk triangulating his time between Tesla, SpaceX, and (now) Twitter. Read more:
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Their products are all the same. They are good but not mind bending anymore. Tesla is building personal droids & the best cars with the best software. Yes, Musk is damn smart and talented! If the people of the United States invite him to become president, the United States will have a new heyday! Elon Musk says Tesla can surpass combined value of Apple and AramcoElon Musk says Tesla can surpass the combined value of Apple and Saudi Aramco, the world's 2 most valuable companies InsiderNews It might, but only if he shuts up about appeasing ruSSia. He's got no idea what damage he's doing. Pump and dump BITech 🙄😂 Elon Musk: Tesla Could Be Worth More Than Apple + Saudi Aramco. Stock Market: Not So Fast.On the Tesla conference call today, the 1 headline grabber was that Tesla CEO Elon Musk now thinks Tesla [NASDAQ:TSLA] could one day become more valuable than Apple and Saudi Aramco currently are combined. That His company landed a rocket. That's not enough? Tesla Takes EV Sales Crown From VW In Germany CarscoopsTesla managed to sell 38,458 vehicles in Germany from January-September Already did in Q1, and the VW regained it in Q2, and now in Q3 Tesla is back on top. Yes it will be a furious battle there. OTSOT, VAG outperforms sales of Tesla in Germany by a big bunch. 🤷 Elon Musk says Tesla can surpass combined value of Apple and AramcoMusk's claim comes after Tesla posted a bumper third-quarter profit. Tesla would have to grow by about six times to rival Apple and Aramco combined. lol Won’t happen by then and needs major improvements on build quality issues, battery longevity, vehicle pricing and maintenance of charging infrastructure. Plus stop hiding repair information. what I'm being put through is a crime itself Elon Musk s Pending Purchase of Twitter Weighs Heavy on Tesla — But Should It By Published 20 mins ago The narrative surrounding Tesla’s recent third quarter earnings mostly centered on demand, as the automaker missed expectations for vehicle deliveries.Mine the materials if it becomes the limiting factor (which it isn’t yet).Federal Reserve has been hiking interest rates aggressively.Federal Reserve has been hiking interest rates aggressively. After all, “the company has navigated production hiccups and ongoing supply-chain challenges,” reports the Wall Street Journal . Digging deeper though, WSJ confesses, “Mr.5 billion a year to consumers. Musk’s on-again, off-again pursuit of Twitter Inc. "Well, now I may want to preface this by of course I could be completely delusional, but I think I see a clear path to that outcome," according to a Tesla's market cap crossed $1 trillion in October 2021. also has weighed on the car maker’s stock. $10 a kWh for pack manufacturing — times a half billion kWh (assuming half batteries go to energy storage and half to vehicles) is another $5 billion a year.” Indeed.3% in after-hours trade. I suspect the ongoing Twitter soap opera leaves investors feeling, ummm, uneasy about Musk triangulating his time between Tesla, SpaceX, and (now) Twitter. Elon Musk also mentioned that they think they are still on the path outlined at Battery Day to achieve a battery cell cost of $70 per kWh without any of the above subsidies. Sign up for notifications from Insider! Stay up to date with what you want to know. So, let’s get right to brass tacks — will Twitter cannibalize Musk’s time at Tesla? Keep in mind that Elon has Neuralink and The Boring Company, deftly managing his time with great finesse. I suspect investors might be “taking their eye off the ball” as it relates to Elon and Twitter. Furthermore, President Biden’s Bipartisan Infrastructure Law has direct grants for interstate charging which Tesla will likely bid for. Sure, Elon’s time will be fractured further with Twitter. And, yes, Twitter is fraught with politics, divisiveness, and (occasionally) funny memes. On the investor conference call, they were optimistic that overall costs will fall next year. No doubt, it remains a lightning rod for controversy. But controversy gets clicks. Before the Inflation Reduction Act of 2022 was passed, and even after it was passed but before Tesla announced today that they are confident they will be able to qualify for the provisions, I thought Tesla would need to introduce the Model Y Standard Range and reduce the price of the Model 3 a little to grow sales. It all makes for great fodder in the media. Endless headlines reflect Elon’s ( ahem ) emotionally-charged business decision. Now, I think the effect of the $7,500 credit will make it unnecessary to reduce the price of the Model 3 this year. But, let’s not forget: it’s a business decision. Instead, let’s examine Elon’s Twitter “relationship” through the right lens. Elon said two-thirds of the batteries will use iron rather than nickel in the cathode, with magnesium as a wildcard. In short: it’s not personal, it’s just business. Whether Musk makes money with Twitter remains to be seen. The “Model 2” (“Model C?”) Returns Tesla is much smarter these days about not Osborning existing sales by announcing the coming availability of a better car when nobody can buy it anyway and it could cause demand for Tesla’s existing cars to weaken. But, as a Tesla owner, TSLA investor, and business dude myself* smack in the middle of the Tesla ecosystem, I see this a bit different from the typical Wall Street analyst (see below). Wall Street analyst Dan Ives worries about Twitter hurting Tesla. I think that announcement could be in 2023 or 2024. Is he missing the big picture? (YouTube: Bloomberg Technology ) Looking at this strictly through the business lens, I see Musk’s move to buy Twitter as both disruptive and brilliant. . Conclusion All of this suggests to me that with the sudden effect of the $7,500 tax credit hitting in less than 3 months, sales in the US will skyrocket.