It hits these temps in Phoenix; huge market for Tesla's. They have cabin overheat protection plus you can start the AC from an app on your phone. Really nice!
I would say keep an eye on the whole top line, not just those two contributors to revenue. And also, watch out for any warning signs in the industry suggesting that cloud services are starting to become utility-like (low-margin, capital-intensive) businesses. That would not be good for AWS.
As I said, everyone has plans but the market is quite small for the big companies to move.
GM turned a loss selling nine million vehicles or so, opening a whole line to enter a market which is moving just one million units or so competing with players like Tesla that operate at almost a loss make zero sense.
They'll keep their design fresh and up to date to be ready when the time comes, but so far it's territory of steps and smaller companies that can profit from small production runs
As I said, there is a reason they are all switching to EVs.
The Tesla Model S, in its main US market, is the leader in the luxury car market. Model 3 is the #1 selling car by revenue.
Production is limited to 2 US factories. Worldwide numbers go up fast when they have a Euro factory, Chinese factory, etc.
> GM turned a loss selling nine million vehicles or so, opening a whole line to enter a market which is moving just one million units or so competing with players like Tesla that operate at almost a loss make zero sense.
It's never powered by a gas engine, it just has an onboard generator that produces electricity to power the electric engines or charge the battery when the battery gets drained.
It was marketed like that, but in reality there's a planetary gear that allows the engine to directly (mechanically) drive the front wheels. This marketing claimed a pure serial hybrid... up to the day it shipped and GM quietly mentioned that the engine can drive the wheels directly.
At first GM claimed that it happens only above 70 mph, or when the battery was dead. But then GM goes consistently more vague, and them eliminated this completely in the generation 2 revision.
So the current volt is a bog standard parallel hybrid.
That statement in the Q3 earnings call is misleading. Per the article, Cal/OSHA found four other injury reporting violations but could not fine Tesla because those violations fell outside the statute of limitations. A state bill has been signed to extend it to six months, but it was passed too late for the Tesla investigation.
Your claim seems optimistic given that at the current after hours share price, only the December 2020 issue would convert. And just a few hours ago it would not have.
Yes, it is possible that in March Tesla could be trading around over 20% above what it was most of today, but it would be unwise to depend on it.
I'm not actually keen on the details of the March 2019 bond. A lot of people seem to think its a mandatory conversion (ie: it ALWAYS turns into stock).
If its a mandatory convertible, then Tesla pays it off in shares proportional to the value assuming Tesla was $360ish in price. So you "can't lose", you'll get 33% more stocks if TSLA was only $270 to ensure the bond-holder doesn't lose money.
I haven't been able to verify the status of the March 2019 convertible however. But just note that mandatory convertible vs non-mandatory is a big detail.
First because articles like http://www.latimes.com/business/la-fi-musk-convertible-bonds... indicate that they are not. And also because the potential dilution indicated in the Tesla statement that I linked to shows zero dilution if the stock prices is not sufficient for them to convert.
But realizing the huge financial consequences for the company of having the stock price high does shed light on why Elon is so eager to push his stock price up. He would much rather pay in stock than cash.
Incidentally the LA Times article indicates that there is a lot more debt than just the issues I listed. That's a list of all of Tesla's convertible debt. But not all of it is convertible...
