Pelican Parts Forums - Tesla: The Great Short

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Tesla liability and debt out weigh any assets or technology they have. They are a money pit built on the dreams of an egotist.

200, they wish they were back at 200, try 192 now. Consumer reports says their "autopilot" is fatal.

Quote:

Consumer Reports says Tesla’s latest autopilot fix raises ‘serious safety concerns’

https://www.cnbc.com/2019/05/22/consumer-reports-says-teslas-autopilot-raises-serious-safety-concerns.html

Quote:

Originally Posted by Por_sha911 (Post 10467169)

Tesla liability and debt out weigh any assets or technology they have. They are a money pit built on the dreams of an egotist.

Don't pull any punches, tell us how you really feel!

How much are you short?

Quote:

Originally Posted by trader220 (Post 10467201)

Don't pull any punches, tell us how you really feel!
How much are you short?

I have never invested a single penny in the Elon Musk Ponzi scam. SmileWavy

I do encourage you to buy more stock if you believe in their future but I would advise against it.

BTW Trader: we would love to see you in the playoff thread. Aren't you a hockey fan?

Quote:

Originally Posted by Por_sha911 (Post 10467227)

This stock only gets interesting to me on the long side below $100 / share.

I have been saying all along that I would short the stock if I had to take a side.

Yea, I am a huge hockey fan, I still play at 54 years old, at least twice a week. I am ashamed of my NHL team. Not only do they suck, its a disgrace they removed the Kate Smith statue.... I don't wan't to hijack this thread.

Quote:

Originally Posted by trader220 (Post 10467241)

its a disgrace they removed the Kate Smith statue..

100%
C'mon over to the playoffs thread and vent! I'd love to hear you opinions on what changes will be coming to them between now and October. Do it for
http://forums.pelicanparts.com/uploa...1558555459.jpg
and keep the pride for your boys alive.

Quote:

Originally Posted by otto_kretschmer (Post 10466844)

where will the h2 come from?

Unicorn farts

But seriously, hydrogen is an energy storage means. There is a new pressure swing absorber being developed which will allow 50kg of hydrogen to be stored in a reasonable size at only 1800 psi. Normally, you need 10,000 psi. This is enough hydrogen to make a Tesla go at least 800 miles. With the weight reduction in the batteries, it might even be further.

It is possible to turn methane into hydrogen, but the end energy usage is about the same as an ICE CNG system.

HOLY CRAP!

The wheels are coming off!

https://www.wsj.com/articles/spacex-rockets-were-imperiled-by-falsified-reports-prosecutors-say-11558576047

Quote:

SpaceX Rockets Were Imperiled by Falsified Reports
Prosecutors Say Engineer is accused of forging inspectors’ signatures on at least 38 documents

By Maria Armental
May 22, 2019 9:47 p.m. ET

An engineer at an upstate New York company who was responsible for ensuring the quality of parts for Elon Musk’s space venture has been charged with falsifying inspection reports.

James Smalley, who worked as a quality-assurance engineer at PMI Industries LLC in Rochester, is accused of forging inspectors’ signatures on at least 38 source inspection reports for space-vehicle parts purchased by Mr. Musk’s Space Exploration Technologies Corp., or SpaceX.

Mr. Smalley couldn’t be immediately reached for comment on Wednesday. He is scheduled to appear Thursday before a federal court.

An audit carried out by SpaceX subcontractor SQA Services Inc. discovered falsified source-inspection reports for parts purchased for the construction of SpaceX’s Falcon 9 and Falcon Heavy rockets, U.S. Attorney James P. Kennedy Jr. of the Western District of New York said Wednesday.

In addition, the authorities said they identified at least 76 parts that were either rejected or never inspected by SQA but were shipped to SpaceX.

Some of the false source-inspection reports, according to prosecutors, were related to components that were to be used for the Transiting Exoplanet Survey Satellite (TESS) mission, which launched from a SpaceX Falcon 9 rocket on April 18, 2018.

“According to the criminal complaint, James Smalley took the act of forgery to a new level,” Federal Bureau of Investigation Buffalo Special Agent-in-Charge Gary Loeffert said. “A potentially catastrophic level with the potential to not only cost millions of dollars, but also jeopardize years of irreplaceable work.”

Records furnished by SpaceX identified seven NASA space flight missions that were affected by parts that SpaceX purchased from PMI, according to prosecutors.
“The success of America’s reinvigorated space program depends not just on American ingenuity but on American integrity as well,” Mr. Kennedy said.

Quote:

Originally Posted by red-beard (Post 10467711)

HOLY CRAP!

The wheels are coming off!

That is always a concern, especially in the time we live in. Once the train starts to derail, it rarely jumps back on the tracks.

Quite the whip saw with the stock today. Down to $186, up to $196 and now roughly where it closed at yesterday.

Quote:

Originally Posted by trader220 (Post 10467241)

This stock only gets interesting to me on the long side below $100 / share.
.

The stock was safer at $300 than at $100.
For bankrupt pigs, a cheaper stock price is actually more dangerous.
When it reaches $100, that it just a pitstop on the way to $0

Quote:

Originally Posted by sugarwood (Post 10468262)

When it reaches $100, that it just a pitstop on the way to $0

That's why you have to make it up in VOLUME! :D

Technically the source inspection issue shouldn’t be on SpaceX, it’s on the supplier. It’s very common in aerospace for a supplier to test their own products and provide a test report along with the product. The end customer is involved in approving the test procedure and the supplier overall. In rare instances companies will test supplier parts upon receipt, but in most cases it is a supplier task.

I actually bought TSLA waaaaay back at $22....sold that WAG later at $33....regrets, regrets, regrets....no regerts ;)

LOW volume btw.....don't listen to Sammy....I'm tellin' you boyz!

Quote:

Originally Posted by KC911 (Post 10468296)

LOW volume btw.....don't listen to Sammy....I'm tellin' you boyz!

it's all about timing. Sometimes ya gotta stick with it for many years, ask TABS.

http://forums.pelicanparts.com/uploa...1558633019.jpg

http://forums.pelicanparts.com/uploa...1558633026.jpg

Since I posted that, the stock of the company that bought them out fell from 86 to a low of 50 today.
I was completely out before it hit 65.

Quote:

Originally Posted by sammyg2 (Post 10468311)

it's all about timing. Sometimes ya gotta stick with it for many years, ask TABS.

....

When yer sittin' on 1500 shrs of Enron....ya don't need Tabby's advice....I'm sticking it out forever....evidently :(.....

'tis a good, cheap, reminder to have in one's portfolio....that you can NEVAR sell ;)

Quote:

Famed investor Alan Patricof says he's sorry for this very costly mistake
By Julia Limitone
Published May 23, 2019

One of Apple’s earliest investors regrets one big decision he made years ago that cost him billions.

“I computed the value of the $300 thousand we invested in 1979,” Greycroft co-founder Alan Patricof told FOX Business’ Stuart Varney. “It would be worth today $3.5 billion so too bad we didn’t hold on.”
Even so, although owning Apple shares may present risks, due to its exposure to ChinaOpens a New Window. and other "minor" issues, Patricof said it’s the kind of stock “you want to own for a long time.”
“I learned a long time ago, if you like a stock, you like a company, you like it twice as much when it goes down 50 percent,” he said.

Not sure if that applies to Enron or not ;)

https://www.foxbusiness.com/business-leaders/famed-investor-alan-patricof-says-hes-sorry-for-this-very-costly-mistake

if you have the actual Enron stock certificates you could take em to Vegas and sell them for a lot of money to those pawn shop guys, they'll but anything if their buddy says so.

Or Lucent ;)

I can pick 'em....yes I can!

Quote:

Originally Posted by KC911 (Post 10468339)

Or Lucent ;)

I can pick 'em....yes I can!

They say you don't loose money on a stock until you sell it, so ……………………

A doctor around here died a few weeks ago when his Tesla burned. I have not seen it reported anywhere, not even in the local fish wrap.