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Submission Summary: 0 pending, 76 declined, 13 accepted (89 total, 14.61% accepted)

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Submission + - SPAM: Sandy Munro is hopping mad about NHTAS and Congress probes of Tesla!

140Mandak262Jamuna writes: Sandy Munro, the former Ford engineer and tear down expert shot into prominence in 2018 when he declared Tesla Model 3 build quality to be crap and worse than any econobox. What with panel gaps and stupid design of the trunk tray part

That was his first look of the car. Three months later he changed his stance, and declared, We are eating a lot of crow here. He still claims the build quality was bad, but concedes the fundamental design has some endearing features. That was then.

Then, over time, he became the go-to guy when anyone wants to know any deep thing about Tesla. Be it the octo-valve or the super-bottle and what not.

Now he is hopping mad. You know you are in for fire works, when starts with, "I will try not to be obnoxious. Central thesis is, Tesla is a truly American company. Competition is not able to catch up. They are using government to throw road blocks. China is beneficiary of these attacks. One would think it is Rei, or a Rei wannabe like me, talking, based on talking points. But, it is Sandy Munro. Go figure

Link to Original Source

Submission + - Tesla Roadster with SpaceX package accelerates to 60 mph in 1.1 second (twitter.com)

140Mandak262Jamuna writes: This site is expanding on the tweet from Elon confirming the specs of the new Roadster with SpaceX package.

The Roadster is currently being displayed in a German museum and people noticed the placard claiming an incredible spec, 1.1 sec to 60 mph with the SpaceX package. Elon tweeted confirming that it was not a typo.



In a response to a tweet about the vehicle on Twitter, Elon Musk noted that a 1.1-second 0-60 mph time was indeed possible with the Roadster SpaceX Package, which uses cold gas thrusters. Interestingly enough, the CEO said that the Roaster would still be a safe vehicle despite its rocket parts, though its acceleration would be intense, akin to a “hardcore roller coaster.” But just to be safe, Elon Musk noted that the Tesla Roadster SpaceX Package’s full acceleration would probably not be wise for those with a medical condition. This is sound advice considering that the vehicle would likely put G forces comparable to a literal rocket launch when it accelerates at full power.

The danger is not merely to weak hearted drivers stomping on the go-pedal. The cold air jet stream will kick up road debris and turn them into buck shot. Serious injuries to bystanders could happen. So the SpaceX package might not be cleared for regular use on the public roads.

Submission + - SPAM: Tesla Roadster + SpaceX package = 1.1 secons 0 to 60 acceleration!

140Mandak262Jamuna writes: A tweet from Elon confirms the insane spec found on a small placard in the display of the Roadster in a German museum.

Telsla fans are getting quite exuberant with this, as the final nail in the coffin of expensive ICE powered supercars. But this might not get the certificates for regular road use. The inventor of the jet engine Frank Whittle had trouble convincing the brass to invest in jet engine tech back in the 1930s. He used to routinely throw bricks into the jet stream of an engine running on the test stand. The brick would float away as if made of cork, much to the amazement of the visiting generals and air commodores. A jet stream on a car would kick up road debris, small stones and such and make buck shot out of them. Some rightly shaped stones with the correct mass might even behave like bullets. This thing is just too dangerous to be cleared for normal road use. And of course, writing in the user guide, The SpaceX package should be used only when it is safe and leave it to the discretion of the driver to decide when it is safe should not kosher either. There will be some idiots like Param Sharma

Harrier jump jet used such jet nozzles for maneuverability in hovering mode. Lots of navy ground crew got injured by these thrusters. This is just madness to add jet propulsion to regular road vehicles.

Link to Original Source

Submission + - Fox News lied, A man died. Paid millions and Hid it from voters till Nov 3 (nytimes.com) 1

140Mandak262Jamuna writes: New York Times is reporting that Fox News, admitted liability for the lies spread by its anchors. It resulted in the murder of an innocent man.

On Oct. 12, 2020, Fox News agreed to pay millions of dollars to the family of a murdered Democratic National Committee staff member, implicitly acknowledging what saner minds knew long ago: that the network had repeatedly hyped a false claim that the young staff member, Seth Rich, was involved in leaking D.N.C. emails during the 2016 presidential campaign. (Russian intelligence officers, in fact, had hacked and leaked the emails.)

Fox paid so much to avoid Lou Dobbs and Sean Hannity to be questioned under oath. And it had a gag provision to keep this news from disclosed until after the election.

Why did Fox care about keeping the Rich settlement secret for the final month of the Trump re-election campaign? Why was it important to the company, which calls itself a news organization, that one of the biggest lies of the Trump era remain unresolved for that period? Was Fox afraid that admitting it was wrong would incite the president’s wrath? Did network executives fear backlash from their increasingly radicalized audience, which has been gravitating to other conservative outlets?

Not mentioned in this article, just my personal opinion: It is also interesting as soon as Dominion Voting Systems sued Fox, all the claims about hacked machines being part of the election fraud stopped. All the division and hatred and anger in America seems to be created and fanned by Fox News. Till we hold Fox News accountable for the lies it is propagating, there will not be peace in this country. Fox has first amendment right to say anything it wants. But First Amendment is the Freedom of Speech, not Freedom from Consequences of blatant, continuous, vicious, self serving lies.

Submission + - Confederate flag planted on Capitol, Guns drawn in Senate Chambers. (usatoday.com) 9

140Mandak262Jamuna writes: Rioters, numbering about 1000, stormed the capitol building.
Legislators were barricaded in Senate chambers, and the guards whisked them away to secure location.

The National Guard of DC is the only military unit under the direct command of the President. POTUS did not deploy the National Guard to protect the Congress. Trump did not use his Twitter feed to ask the rioters to disperse.

Submission + - Boris Johnson tweet congratulating Biden and Trump at the same time? (thedailybeast.com)

140Mandak262Jamuna writes: There is buzz that the tweet from Boris Johnson congratulating Biden on his win has hidden text congratulating Trump and mentions second term.

The explanation given was that the office was prepared for both contingencies some glitch is showing the other version faintly.

But what was the glitch. It is impossible to believe they were photoshopping text messages. So how could this glitch happen?

I am guessing something like two tabs on the same editor window. The did something like a clip tool in windows that took a screen grab. If the editor window settings had some sort of transparency on the other window can show through.

Are there better theories?

Submission + - Scientific American journal breaks a 175 year tradition. Endorses Biden (scientificamerican.com)

140Mandak262Jamuna writes: It has always remained neutral in the election and politics. But it endorsed Biden this time.

The evidence and the science show that Donald Trump has badly damaged the U.S. and its people—because he rejects evidence and science. The most devastating example is his dishonest and inept response to the COVID-19 pandemic, which cost more than 190,000 Americans their lives by the middle of September. He has also attacked environmental protections, medical care, and the researchers and public science agencies that help this country prepare for its greatest challenges. That is why we urge you to vote for Joe Biden, who is offering fact-based plans to protect our health, our economy and the environment. These and other proposals he has put forth can set the country back on course for a safer, more prosperous and more equitable future.


Submission + - Tesla joins 4 digit club, share price cracks 1000$ (electrek.co)

140Mandak262Jamuna writes: Tesla is in a tear lately, after better than expected sales report from China. Elon Musk himself tweeted, during the trading session that too, that it was over valued at 760$. The speculation seems to be centered on the idea that Tesla is going to join S&P500, by eking out a token profit this quarter.

Most people think it is due to some sort of short squeeze or something. But Tesla has sold convertible bonds maturing in 2021, 2022 and 2025 at an average price of 330$. 15 million shares. Experienced folks like Ihor of S3 partners or Reflex Research estimate about 12 million of these shares have been shorted to "book profits". The idea is to borrow shares and sell them at 800, 900$ now, and keep paying the borrow fee for a couple of years. When the bond matures, you get the shares for 330$, or cash for the difference between market price at that time and 330$. At that point the short can cover the position with cash or stock. If the stock is below 330 at that time, they are guaranteed to get 330!. So it is a no loss strategy, this accounts for 12 million shares most likely.

Total short position in Tesla is just 16 million, just 4 million shares, or 4 billion by todays prices. It is big, but not big enough to squeeze, and there is plenty of shares available to borrow. So it is not short squeeze causing this.

Many engineers and tear down experts are saying Tesla has phenomenal lead in battery technology and design. Seems to be falling short on manufacturing, paint and assembly. But over all product is so superior it is overcoming the short falls in these areas. Traditional auto makers saw battery as the fuel tank. Nothing much can be done to improve the fuel tank, so nothing much can be done to improve the battery they seem to have thought. But assembling 8000 cells and maintaining charge balance and voltages and currents on them is a very tricky thing and people who outsourced this part of EV wrote themselves out of the script in the EV play.

Submission + - Gigs New York is making ventilators (cnet.com)

140Mandak262Jamuna writes: Elon Musk announced that the Giga factory in Baffalo, New York, making solar roof tiles and battery packs for home energy storage is switching to making ventilators in collaboration with Medtronics.



Days after offering 1,255 free ventilators to help deal with the coronavirus outbreak, Tesla boss Elon Musk said the company's New York factory will restart to make more.

"Giga New York will reopen for ventilator production as soon as humanly possible. We will do anything in our power to help the citizens of New York," he tweeted on Wednesday.

New York governor said the state needs 30,000 ventilators at the peak and they have 400 at hand.

Submission + - Storm drops a tree on two Tesla cars going on opposite directions (twitter.com)

140Mandak262Jamuna writes: The fan sites are all abuzz with the bizarre coincidence, of a storm in UK. A tree toppled by the storm fell on a road. Two Tesla model X vehicles going in opposite directions hit the tree. One was on auto pilot the other was not. The emergency braking kicked in, in both cars, before the drivers could react. The drivers claim “Another second and we would have been crushed as I wouldn't have been able to react in time. The car undoubtedly saved our lives. We would have been killed without it”

This incidence gives some credence to the claim Tesla is far ahead of the competitors in the self driving technologies discussed in this thread.

On the stock market front, stock is at 800$ despite a 2 billion dollar raise. Shorted shares are down to 21 million. 15 million of which are hedged by convertible bonds with the average price of 330$. So there is just 7 million not accounted for by those bonds. The price move all seem to be due to longs buying, not because of short squeeze. Shorts were squeezed by the price rise, but the shorting does not seem to be the primary cause of price rise. When VW shot up due to the epic short squeeze of Porsche cornering all the float secretly, the price came back as soon as all the shorts covered. But this one is due to the longs opening, not shorts closing.

Fans of Tesla are all euphoric by these turns of events.

Submission + - Tesla positive surprise: First "profitable" year (electrek.co)

140Mandak262Jamuna writes: Tesla announced its 2019 Fourth Quarter results.

Expectations were high this quarter after Tesla destroyed earnings expectations with surprisingly high profits last quarter. Today, Tesla announced that it made $7.384 billion in revenue and it reported surprising profits of $2.14 per share (Non-GAAP) in Q4 2019 – over expectations for both revenue and earnings. The automaker continues to improve its financial position with strong results and increased its cash position by almost $1 billion to now $6.3 billion.

Stock zoomed in after hours trading and continued to rally today.

The short interest tracker S3 Partners reported that shorts lost another 1.5 billion dollars today, as the stock zoomed very quickly on open giving them very little time to cover at anything close to yesterday's prices. According to this report they had 5.6 billion YTD profit last June. They have raked up losses of almost 13 billion dollars since.

The investor conference call revealed nuggets like improved range for dual motor cars, Y production starting sooner than expected, the solar side has started growing again etc. Despite all the headlines about first "profitable" year technically the company lost money on GAPP basis.

Submission + - Elon Musk's big pay day is in sight! Pay NOT secured, yet. (bloomberg.com)

140Mandak262Jamuna writes: Elon Musk's pay package from Tesla is very unusual. He will get paid only in stock, nothing in cash above legal minimum wage. He would get about 350 million dollars if he can get TSLA market cap to 100 billion dollars. And 350 million more for each 50 billion market cap upto 600 billion. Basically his investors (including himself owning 20% of Tesla) must get 50 billion for him to be paid 340 million. There are provisions to prevent gaming the market. Spikes do not count. Even the much publicized "Funding Secured" did not sustain the price hike. Market cap must be above 100 billion based on volume weighted average price for the trailing six months and trailing one month for the payout to trigger.

Today in the pre market trading it has crossed that threshold. It has to stay above in VWAP for six months.

Tesla supporters are happy, but still many of us are not able to fully explain this SUA, Sudden Unexpected Acceleration in the stock price. The company is doing well, met its guidance on deliveries for 2019, much anticipated and hyped Tesla Killers turned out to be duds. It has become patently obvious the competition is years behind Tesla. Sony pulled a rabbit out of the hat, revealing a cool BEV in CES, showing the ground rules have changed, and the barrier to entry is not that high anymore and the legacy car makers don't have a moat protecting them. All analysts are revising their guidance and stock price upwards. The usual bulls are talking about insane valuations like 600 billion and 1 trillion. The usual bears are revising towards 40 billion to 60 billion range.

Yet, it looks incredible that the company is valued at 100 billion now.

Submission + - Tesla surges again, above $525, Shorts lose 1.25 b in one day! (shortsight.com)

140Mandak262Jamuna writes: S3 Partners is a firm that watches and reports short sales of hundreds of securities. It is reporting the short sellers suffered a "mark to market" loss of 1.25 billion dollars today. The shorts have lost 11 billion dollars since 2016. The company is very neutral in its report normally will just report the facts and refrain from predictions. But the recent run up of Tesla, nearly tripling from the lows of 178$ just six months ago, has made them say :

Today’s price move should produce enough short covering to threaten the four and a half year low of 24.2 million shares shorted on January 28th, 2019. The next low point would be 23.8 million shares shorted in July of 2015. If the long-term Tesla shorts begin to capitulate the 20 million shares shorted level of July 2013 would be the next milestone to fall.

Many analysts are turning around, Oppenheimer says Tesla has achieved volume of deliveries and economies of scale to have sustained positive cash flow.

Submission + - Tesla Rally not due to short squeeze.

140Mandak262Jamuna writes: Ihors is back from vacation and the current short interest of Tesla today



Ihor Dusaniwsky

$TSLA short int is $13.69bn ; 27.82mm shs shorted; 20.79% of float; 0.30% borrow fee. Shs shorted up +464k shs, +1.7%, over last 30 days as price rose +45% & up +132k shs,+0.5%, last week. Shorts down -$2.02bn in January mark-to-market losses after being down -$632mm yesterday.

This 2 billion loss comes on top of 7.62 billion loss between 1/1/16 and 12/31/19. Word on the street is, Chinese investors are buying the stock following glowing reports of Shanghai factory and the cars being delivered. It is not a short squeeze. Yet.

Most well run funds would have hedge trades already in the books to limit their down side risk. It is possible they have bought calls and convertible bonds to hedge and close their positions in some sort of orderly manner. Margin calls usually dont happen to large funds. They typically have a 2 to 1 ratio of long to short overall and they usually dont short more than 10% of their long holdings in any one stock. Thus they would have adequate collateral, 20 times over. Some bet the ranch type day traders might be exposed way beyond their risk allowance and might get margin called. But they are usually too small to matter.

Well known and vocal critic of Tesla Mark Spiegel argued in a 2014 quarterly report If Tesla grew as fast as Microsoft did in its heyday, it would deliver 186,000 cars in 2020. To meet its guidance of 500,000 vehicles in 2020, its output has to grow at the rate of 56% compound annual growth rate for six years Then concluded it is impossible for a hardware company, especially auto company to do it. So the stock is over valued, so he argued. But since 2014, Tesla has grown faster than Microsoft did in its heydays! We need to remember that and account for it, if we are going to treat Tesla as yet another auto company. The growth is not coming on small volumes either. It has shipped as many cars as Jaguar+Land Rover, and is close to matching Volvo. A luxury car maker the size of Jaguar with a CAGR of 56%. That is the metric to value the auto business of Tesla. This twitter thread has ther screen shots.

Submission + - BMW and Benz buy 50 Tesla cars, Tesla most valuable American Auto Co ever! (electrek.co)

140Mandak262Jamuna writes: Electrek is quoting a German report that a ride sharing subsidiary of a joint venture between BMW and Daimler is buying a fleet of 50 Tesla vehicles.

Tesla stock price surged past 490, taking its market cap to $86 B. Yesterday many sites including WSJ reported that it is higher than the highest market cap Ford ever had.

Most Tesla watchers follow the tweets from S3 Partners, a company tracking short sales of hundreds of stocks, to see if short squeeze is the reason for the run up. But they have not reported anything new this week yet. It is not clear what is behind this run up. There are good news.

(1) meeting 2019 guidance on delivery, a positive surprise over analysts consensus,

(2) Chinese factory starting deliveries

(3) positive coverage in China following Musk's visit to the Shanghai factory,

(4) the much anticipated Tesla killers turned out to be squibs mostly etc.

But still this surge is catching even the most ardent Tesla supporters, including yours truly, by surprise.

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