Tesla’s Critics Are In Denial About Gigafactory 3’s Stamping Press
Tesla’s critics are in denial about Gigafactory 3’s stamping press, as they have been about many things.
Tesla’s critics are in denial about Gigafactory 3’s stamping press, as they have been about many things.
Elon Musk has accomplished some remarkable things at Tesla. However, one consistent knock leveled against the CEO has been a habit of missing deadlines. Let’s face it, Elon Musk has a track record of being late.
Oppenheimer analyst Colin Rusch this week told CNBC that Tesla has proven to be an existential threat for automakers. He said this while explaining his price hike for Tesla [TSLA] on CNBC’s Power Lunch. He points out that “first ground to first car” was less than a year while talking about Tesla’s new Gigafactory 3 in Shanghai.
After seeing Elon dance, I suddenly don’t feel so bad about my dance moves, which have been compared to those of Elaine from the “Seinfeld.” The announcer was impressed with Elon’s dance, though.
Tesla has just released short videos from inside the Shanghai Gigafactory showing many steps of the production line and manufacturing processes of the Tesla Model 3. Let’s take a look.
Starting from this year onwards, I will place my predictions for the next 12 months in article form. Most of these predictions are based on historical facts or behavioural economics, and I would be happy if I am 50% correct by end of next year. My purpose for doing this is to mainly get a much broader critique to my predictions in the comments section, so please leave a comment whether you agree or not.
It’s going to take me a little while to explain the headline, but I’ll get there. It has been well documented that China’s 1 child policy (from 1979 to 2015) caused the sex ratio in China to skew heavily male. The preference for Chinese parents was to have sons, since sons in Chinese society have been traditionally responsible for taking care of their parents in old age.
There have been many pieces on Tesla stock’s rocket run over the last month. According to stockcharts.com, Tesla went from a low price of 328.69 on December 2nd, 2019, to a closing price of 430.38 on December 27th, 2019 (it has dropped a bit since then). This is a phenomenal return of 30.9% gain in less than 30 days. I speculated earlier on many reasons why it happened. It turns out, though, the reason may be very simple. Wall Street analysts are expecting Tesla to earn higher profits in 2019 and 2020 compared to what they thought 3 months ago.
Eli Burton, the creator of The Adventures of Starman, gives us his version of 2019’s top 10 Tesla moments.
Earlier today, Tesla hosted the first vehicle delivery event at its Shanghai Gigafactory, delivering a small number of Shanghai-made Model 3s to employees. At the event, Tesla China general manager Wang Hao said that 1,000 Model 3s are already being produced each week, with 280 units per day having been demonstrated. This production level comes less than 12 months since Tesla broke ground on the Shanghai Gigafactory site.