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21 June 2021
21:04 hour

Tesla to launch high-end Model S 'Plaid' to fend off Mercedes, Porsche

Investing.com

10/06/2021 - 17:45


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Related headlines:

  1. : Tesla cancels Plaid Plus; ‘No need’ after upgrade to regular Plaid, Elon Musk tweets (07/06/2021 - Market Watch)
    Tesla says the Plaid, with a starting price at about $120,000, has a top speed of 200 mph and will go 0-60 in 1.99 seconds.
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  2. Tesla cancels Model S Plaid Plus; "No need, as Plaid is just so good" tweets Elon Musk (07/06/2021 - Seeking Alpha)

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  3. : Watch out Tesla. This new Mercedes-Benz ‘could be a game changer,’ says Deutsche Bank. (13/04/2021 - Market Watch)
    The full-size luxury EQS sedan will launch on Thursday and could completely change the public perception of Mercedes, Deutsche Bank analysts said.
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  4. Tesla plans Model S Plaid event for June 3 (20/05/2021 - Seeking Alpha)

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  5. Tesla speeds up timeline for Model S Plaid deliveries (24/05/2021 - Seeking Alpha)

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  6. Tesla introduces Model S Plaid at splashy event (11/06/2021 - Seeking Alpha)

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  7. Musk says Tesla cancels the longest-range Model S Plaid+ (07/06/2021 - Investing.com)

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  8. Tesla draws positive reviews for Model S Plaid event (11/06/2021 - Seeking Alpha)

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  9. Tesla delays start of Model S Plaid deliveries to June 10 (29/05/2021 - Seeking Alpha)

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  10. Tesla gains ahead of Model S Plaid delivery event (10/06/2021 - Seeking Alpha)

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  11. Tesla Weaker Premarket After Musk Says Shelving Model S Plaid+ (07/06/2021 - Investing.com)

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  12. Tesla gains ahead of Model S Plaid delivery event (10/06/2021 - Seeking Alpha)

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  13. Tesla mammoth DD (02/03/2021 - Reddit Stock Market)
    Ok Autists, buckle up. This is my 10-Step-Predicition on why Tesla will go to the Moon ???? ???? ???? Delivery numbers Deliveries are up big time. 180kin Q4 of 2020. 2021 should be up to 1 mio. Reuters writing840k TESLA IS ACTUALLY MAKING STUFF AND THEYRE DOING IT FAST! ​ New Factories GigaBerlin Building Process is going strong GigaTexas is set for completion by EOY India also wants a Giga really bad, they even promised to subsidize so much that they are cheaper than China ​ Institutional Investors swinging Institutional investors are investing more and more into tesla, and the Bears are becoming bulls And of course Cathie wood also deep in and going deeper ​ Model S Plaid humongous Power, new design, outperforming competition in almost every way andits already in production ​ Cybertruck & Tesla Semi Cybertruck @/40k$, first cars coming late this year. 250-500 Miles. Completely new Kind of Car, huge potential Tesla Semi Semi also set to be starting this year, completely new segment, again huge potential. Part of Musks “Master Plan Part deux” 500 highway miles, first mover in electric Truck game. ​ Self driving Chips Extremely optimized AI hardware, way ahead of the competition again Extremely helpful and completely new market ​ Huge Data Head Start „Tesla is collecting insane amount of data from its Full Self-Driving test fleet“ Tesla also is a huge Data company andData is the new Oil ​ FSD Subscription coming Q2 Tesla to launch Full Self-Driving subscription within 4 months This creates rolling income, a futureproof concept ​ Incompetent competition Nio only slowly creeping up and missing profit forecast Legacy Automakers starting to produce EVs, but slowly with a lot of beaurocracy I live near the Daimler & porsche headqaters in southwest Germany and people working there call their companies “agencies” ​ Markets failing to price the above in Huge Liftoff predicted Almost no press coverage on the AI chips, data headstart and many more things. ​ ​ THIS IS NOT INVESTMENT ADVICE. I am all in Tesla Calls, about 5k ???? ???? ????   submitted by   /u/cyan_af [link]   [comments]
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  14. : Plaid valued at $13.4 billion in new funding round (07/04/2021 - Market Watch)
    Financial technology company Plaid raised $425 million in a new funding round that values Plaid significantly above what Visa Inc. planned to pay for the company in a merger deal that was shelved earlier this year.
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  15. GM 2022 Bolt EUV “Launch Edition” now sold out. Registrations opened on 2/19, production starts this summer (06/03/2021 - Reddit Stock Market)
    Bolt EUV Launch Edition was $43.5k featured Super Cruise hands-free driving, unique wheels, panoramic moon roof and special badging. Bolt EUV is on the legacy battery platform (not Utlium), estimated 250 miles of range. Other Bolt EUV configurations are still available. For example, if you don’t want Super Cruise, Bolt EUV drops to $34k. For comparison, now that the standard range Model Y has been discontinued (4 days after Bolt EUV announcement), the most affordable Model Y is the long-range model which is $59k including full self driving. Compared to the Bolt EUV Launch Edition, for the extra $15.5k (35%), you’re getting 80mi of range, AWD and it’s a Tesla. You can check out the Bolt EUV here I like $GM   submitted by   /u/BloodSweatnEquity [link]   [comments]
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  16. AMD and Tesla team up! (01/06/2021 - Reddit Stocks)
    AMD processors and graphics chips will be used in the infotainment systems of newly updated Tesla Model S and Model X electric cars, which are expected to go on sale in a few weeks. With AMD's more powerful chips, Tesla owners will be able to play cutting-edge video games in their cars—when they're not driving, of course–and see maps and other items in more detail. "The work (Tesla) is doing is truly pushing the leading edge of what you can put into a car," Su told Fortune in an exclusive interview before announcing the Tesla deal on Monday at the Computex computer show in Taiwan. She described the effort to make in-car dash systems as powerful as high-end PCs "part of the broader trend that computing is everywhere." AMD confirms it’s powering the gaming rig inside Tesla’s Model S and Model X - The Verge   submitted by   /u/gorays21 [link]   [comments]
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  17. Porsche at 6-Year High; Volkswagen Surges on IPO Talk, Tesla Challenge (22/03/2021 - Reddit Stock Market)
      submitted by   /u/pdot7993 [link]   [comments]
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  18. Your Digital Self: Mercedes loads up on luxury and technology for its new line of electric vehicles (28/04/2021 - Market Watch)
    Mercedes-Benz is late to the electric-vehicle game, but its two new models are packed with high-end design and innovation.
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  19. Porsche, Piech families weigh direct stake in possible Porsche IPO-sources (31/05/2021 - Investing.com)

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  20. Mercedes-Benz looks to shake up the all-electric luxury segment with new ESQ model (15/04/2021 - Seeking Alpha)

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  21. Autotrader: Porsche is now making electric bicycles, and they’re not cheap (25/03/2021 - Market Watch)
    If you've always wanted a Porsche, this could be your chance. The road-going bike is great for city duty and can reach speeds up to 15 mph.
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  22. How Tesla takes advantage of German taxpayers' money (17/03/2021 - Reddit Stocks)
    A few days ago I wrote a post questioning Tesla's practices. Tesla offered customers in Germany to buy back their recently purchased vehicle (half a year old) at a very high price if they bought the new model. In one example, this went so far that the customer received €3000 net for buying a new car (because of the high environmental bonus). (https://teslamag.de/news/verkaufsoffensive-tesla-deutschland-hohe-restwert-angebote-lieferung-nach-hause-34929) After several investigations and further articles published on this topic, the following is now clear. Tesla takes the car in part-exchange and sells it used (often abroad) at a good price, while the new car bought brings again 6000€ in environmental bonuses. So the German taxpayer has paid 12000€ tax money for a used Model 3 and a new Model 3, one of which will probably end up in Denmark or something, and Tesla has increased its official sales figure. (https://teslamag.de/news/super-angebot-tesla-tausch-model-3-sr-neues-long-range-34942) We should limit these environmental subsidies somehow, maybe you should only get them per person every 3 years. You can call it smart what Tesla is doing here, helping itself to German taxpayers' money through these tricks after billions of euros in funding for the factory in Germany. However, it's not the decent thing to do, and that says enough about Tesla for me.   submitted by   /u/GordonGekkoVienna [link]   [comments]
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  23. Kelley Blue Book: The 2021 Porsche Taycan Cross Turismo could be the EV that does it all (18/03/2021 - Market Watch)
    Porsche has been inching ever closer to the impossible: one vehicle that moves like a performance car, offers space for five adults and has zero emissions.
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  24. Hot Stocks: Tesla makes Plaid sexy, big drug development moves, PLAY gets play (11/06/2021 - Seeking Alpha)

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  25. Tesla temporarily halts production at Model 3 line in California: Bloomberg News (25/02/2021 - Reddit Stocks)
    https://www.reuters.com/article/us-tesla-production-idUSKBN2AP12J Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7, according to the report. It was also unclear how much volume or revenue Tesla would lose due to the production halt. The Fremont plant has an annual production capacity of 500,000 Model 3s and Model Ys combined. Several automakers, including General Motors Co, Volkswagen AG, and Ford Motor Co, are hit by the shortage of chips, forcing them to scale down production. Look like the chips shortage issue are hitting all auto makers. Tesla might lost some revenue but that won't be a major impact. If the stock drop under $700 again, investors could start a position.   submitted by   /u/coolcomfort123 [link]   [comments]
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  26. Tesla reports 180,338 vehicles produced, 184,800 delivered in first quarter 2021 (02/04/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/04/02/tesla-tsla-q1-2021-vehicle-production-and-delivery-numbers.html Tesla just reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. All of the electric vehicles it produced were Model 3 sedans and Model Y crossover SUVs, though it also delivered 2,020 Model S sedans and Model X SUVs. Tesla stock is still overvalued at current price. The delivery miss is due to the chip shortage and should be only temporary. With today strong job number, bond yield might raise again and Monday there might be tech stocks selloff again. Investors could buy tesla stocks around $600 and hold for long term. Tesla should be able to mitigate the chip shortage issue.   submitted by   /u/coolcomfort123 [link]   [comments]
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  27. Kelley Blue Book: This is how much a Mercedes Maybach S-Class will set you back (13/04/2021 - Market Watch)
    This Mercedes is the finest S-Class you can buy, and the price reflects that, but the Maybach name gets you a lot. Leather scent, or floral?
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  28. How to wisely invest in Volkswagen. (16/03/2021 - Reddit Stocks)
    Hi Folks, I am contemplating opening up a position in VW but i am beyond confused by the various stocks, VW/Porsche etc etc. I'm leaning towards a Porsche position as they hold a large amount of VW stock but i was wondering if any of you had any advice. Oh, I'm based in the US. Thanks.   submitted by   /u/traveling_man_44 [link]   [comments]
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  29. Volkswagen's other play: synthetic fuel (VOW, VWAGY) (28/03/2021 - Reddit Stocks)
    While Volkswagen is aiming to become the consumer EV market leader by 2025 and possibly as early as next year (read: become the Next Tesla), it isn't abandoning the usual ICE markets to the likes of laggards Toyota and Suzuki: Porsche to produce fuel 'as clean' as electric vehicles Enter electrofuels or eFuels as Porsche calls it — synthetic methanol gasoline that will be produced using green hydrogen, made with renewable energy. The fuel will burn the same as gasoline made from crude oil but without the huge greenhouse gas emissions. It can be sold at the existing network of filling stations globally and Porsche owners won't need to get their engines modified. Porsche spokesman Peter Gräve told DW its eFuels will "permit the almost climate-neutral operation of combustion-engine vehicles." The carmaker recently said its electrofuels could cut CO2 emissions by more than 85% and is cleaner than an electric vehicle when factoring in the environmental impact of battery production. While the article discusses Porsche out of all Volkswagen brands, the applicability of this synthetic fuel initiative extends to all the other brands. Even by 2030, there will still be markets where switching to EVs is not feasible, most notably emerging markets whose electrical infrastructure can be easily knocked out by typhoons. Synthetic fuel could be Volkwagen's ace up its sleeve against the likes of Toyota and Suzuki, or it could just be the next Dieselgate. Disclosure: Long VWAGY and POAHY.   submitted by   /u/Torlek1 [link]   [comments]
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  30. Can someone explain to me why Tesla does this? (15/03/2021 - Reddit Stocks)
    It is a German article, but you can have it translated with "deepl". Tesla is calling customers in Germany who have recently bought a car to buy it back from them at a great price if they buy a new one. Is Tesla trying to artificially boost its sales figures and at the same time get more subsidies from the state? Very strange for a company that claims to be production-limited. In the article it says: ​ "An author from teslamag.de also received a call last week with such a special offer from Tesla. For his six-month-old Model 3 Standard Range Plus (SR+) with just under 30,000 kilometres, he was offered an unsolicited 36,900 euros if he switched to a new model. The Model 3 SR+ currently costs 39,900 euros new, but you can deduct another 6000 euros from the environmental bonus. With a profit of 3000 euros, our author could exchange his used Tesla for a brand new one." ​ https://teslamag.de/news/verkaufsoffensive-tesla-deutschland-hohe-restwert-angebote-lieferung-nach-hause-34929   submitted by   /u/GordonGekkoVienna [link]   [comments]
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  31. Autotrader: What’s it like to drive the 2021 Maserati Ghibli? (09/03/2021 - Market Watch)
    Take a closer look at Maserati's entry-level model that competes with BMW, Audi, and Mercedes-Benz, and see if it’s the right luxury sedan for you.
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  32. Tesla is going down (15/03/2021 - Reddit Stocks)
    Other electric cars are coming At the moment, Tesla is worth more per produced car than other car manufacturers. The table below shows a comparison of the three most valuable car manufacturers. company value cars procuced 2020 value/cars Tesla 665 B 509,737 1304594 GM 85 B 6,830,000 12445 Toyota 209 B 10,398,182 20099 In recent years, Tesla did not have any competition in the electric vehicle sector. This will soon change as several competitors are entering the market. GM will sell several EVs (electric vehicles) this summer: * Chevy Bolt * Cadillac Lyriq * Hummer EV SUT * Chevrolet Bolt Toyota will release two EVs this year. There will also be numerous other cars coming this summer like Ford Mustang Mach-E, Mercedes EQA, Nissan Ariya, VW ID.4, Volvo XC40 and BMW iX. Self-driving cars are coming Elon has promised for a long time, that Tesla Vehicles will drive themselves. But Tesla's auto pilot is singled out as the most dangerous driver-assistance system by the National Transportation Safety Bord. Self driving cars are already here, last year Waymo started a service of driverless robo taxis in Phoenix. This year it is expanding to San Francisco and beyond. End Teslas high valued days are numberd, which is why Kimbal Musk is selling shares I am shorting Tesla.   submitted by   /u/EdorianDark [link]   [comments]
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  33. ARK: Tesla 2025 Price Target Update (20/03/2021 - Reddit Stocks)
    https://ark-invest.com/articles/analyst-research/tesla-price-target-2/ New Tesla 2025 price target from ARK: Bull case $4K Bear case $1.5K Expected value $3K Tidbits: "In our last valuation model, ARK assumed that Tesla had a 30% chance of delivering fully autonomous driving in the five years ended 2024. Now, ARK estimates that the probability is 50% by 2025." "ARK Invest: A human-driven ride-hail service could boost Tesla’s price target in ARK’s bear case significantly" "Key updates to our model: We pushed our forecast price target forward one year to 2025.[2] We refined our estimates for Tesla’s capital efficiency. We added Tesla’s insurance business to our model. We added assumptions for a human-driven ride-hail service. We increased the probability of Tesla achieving fully autonomous driving within five years."   submitted by   /u/BrownMamba92 [link]   [comments]
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  34. CNN Business: Investors love electric cars. They're starting to like Volkswagen, too (22/03/2021 - Reddit Stocks)
    CNN Business: Investors love electric cars. They're starting to like Volkswagen, too Excerpt: Volkswagen (VLKAF) went even further on Tuesday, saying it would sell more than 2 million electric vehicles by 2025, hire 6,500 coding experts over the next five years, launch its own operating system and become Europe's second biggest software company behind SAP (SAP). It was quite the flurry of announcements, and it resonated with investors: Volkswagen's main shares in Frankfurt increased by nearly 20% last week, bringing its 2021 gains to 45%. Meanwhile its less-liquid ordinary shares are up 65%, even with a sharp decline on Friday. Also: But Volkswagen is now becoming more like Tesla in the ways that investors care about most. Tesla could be matched sale-for-sale by Volkswagen as early as 2022, according to analysts at UBS, who predict the owner of Audi and Porsche will go on to sell 300,000 more electric vehicles than Tesla in 2025. Continued: Diess is even behaving a bit more like Musk. The German CEO has joined Twitter, and his presentations to investors and the media are starting to have a very "tech startup" feel to them, with slickly designed decks. And: "We have more confidence than ever that Volkswagen will deliver the unique combination of volume growth, making them the world's largest [electric] carmaker, together with Tesla, as soon as next year," UBS analyst Patrick Hummel said recently, "while their margins will be stable or even grow from here. That is something that is totally unappreciated."   submitted by   /u/Torlek1 [link]   [comments]
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  35. Tesla on Pace for a Blowout Q2 (11/05/2021 - Reddit Stocks)
    https://twitter.com/vincent13031925/status/1392001012131524611?s=19 Tesla delivered a record number of cars out of it's Shanghai Factory in April. They delivered over 40,000 cars in April and are continuing to increase their production ramp. Fremont delivered over 100,000 cars in Q1 and they did not produce any Model S or Model X vehicles due to parts shortages. They are set to begin deliveries for the Model S in Q2 so their production out of Fremont should be higher than Q1 and with Tesla now producing over 40k a month in Shanghai they could conservatively at this pace reach north of 225k in Q2. They might be significantly higher than 225 with them already at 40k out of Shanghai the first month of the quarter. Estimates seem to be in the 195-205k range.   submitted by   /u/PricedIn18 [link]   [comments]
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  36. Tesla updates on transition away from radar for Model 3 and Model Y vehicles in North America (25/05/2021 - Seeking Alpha)

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  37. Tesla cuts prices of cheaper Model 3, Model Y versions (18/02/2021 - Seeking Alpha)

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  38. Tesla cuts prices of base variants of Model 3, Model Y (18/02/2021 - Investing.com)

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  39. $RIDE - hindenberg report might be on to something - no real-world testing and delivery in 6 months??? (19/03/2021 - Reddit Stocks)
    I do not own any positions in $RIDE or any related EV. I want to point out a glaringly huge admission made today. If you were bringing a first-of-a-kind into the market with a launch of sept. Wouldn't you have done more testing of REAL-WORLD situations already??? 6 months from their stated delivery dates. Only 20K miles vs industry examples highlighted below. MASSIVE red flag. ​ One of them: that the Endurance, with its industry-first in-wheel hub motors, only has about 20,000 miles of real-world testing at this time. He did say that the company has about 200,000 miles on the motors themselves. But to put this into perspective, Fiat Chrysler (Stellantis) told us last year that it put about 1.5 million development miles on the plug-in hybrid system set to go in its Wrangler and other vehicles starting this year. Porsche did about 3.7 million pre-production development miles on its Taycan. And about a year and a half before it started production of the Model S, Tesla reported that its modest fleet of Tesla Roadsters, helping prove its battery and propulsion tech, had already covered more than 8.5 million real-world miles. It’s more about durability testing, Burns insisted. While he didn’t downplay the fire that had been referred to in Hindenburg’s report, he did note that it was on a development mule, not a prototype. “In this business of electric vehicles, you know, it does happen; thermal has really got to be carefully watched,” said Burns, adding that the company has now turned to third-party testing for the battery so that the company doesn’t miss anything. Source: https://www.greencarreports.com/news/1131619_lordstown-sec-inquiry-mass-producing-electric-trucks-in-september   submitted by   /u/workinguntil65oridie [link]   [comments]
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  40. Tesla is being overrun by VW in Europe - will Tesla soon be a non-player in Europe? (07/06/2021 - Reddit Stocks)
    Small update on the European electric car market. I already wrote a few weeks ago about the emerging dominance of Volkswagen and would now like to update the figures from then: VW (VW, Porsche, Audi, Skoda, Seat) sold 34,205 pure electric cars in Europe in Q1 2021 (market share: 24.3%). In the first two months of Q2 (April and May), there were 39,741 pure EVs sold by VW (market share: 33.3%). Tesla sold 18,788 cars in Q1 and is now at 7532 cars in Q2. However, it should be noted that Tesla sells a large number of cars at the end of the quarter, for logistical reasons. Volkswagen is growing rapidly, they have already sold significantly more pure electric cars in the first two months of the current quarter than in the entire first quarter. https://eu-evs.com/bestSellers/ALL_MONTHLY/Groups/Quarter/2021/2   submitted by   /u/GordonGekkoVienna [link]   [comments]
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  41. Tesla lifts prices on Model 3 and Model Y vehicles (07/05/2021 - Seeking Alpha)

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  42. Tesla sees delays with Model S and Model X deliveries (07/04/2021 - Seeking Alpha)

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  43. Kelley Blue Book: We compare the 2021 Tesla Model Y to the 2021 Jaguar I-Pace (12/05/2021 - Market Watch)
    The 2021 Tesla Model Y and 2021 Jaguar I-Pace all-electric SUVs are both quick and fun to drive. But a closer look reveals stark differences. Let’s compare them.
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  44. Has the Tesla bubble popped? (22/02/2021 - Reddit Stocks)
    So last week it floundered a but but was able to maintain at ~780. Today it crashes down and hits a low of 725 (so far). IBD says today's crash may have been caused by the halt on model Y. Others say tesla is over valued and now corse correcting. Or is it just part of the whole market crash happening across the board? Still though every article I read is literally "tesla could go down, it also could go up." Most are from Jan or earlier as well and I'm having trouble finding reputable sources that are telling me anything significant. So thoughts? What do you see for Tesla's future?   submitted by   /u/Stayinschool-tty [link]   [comments]
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  45. New Mercedes-Benz E-Class: E is the new S (05/04/2021 - Financial Express)
    Mercedes-Benz has made the E-Class so luxurious that you may have second thoughts on the more luxurious, current-generation S-Class
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  46. Kelley Blue Book: Comparing the 2021 Genesis G80 to the 2021 Mercedes-Benz E-Class (26/02/2021 - Market Watch)
    Coming in nearly $8,000 lower, the 2021 Genesis G80 takes on the 2021 Mercedes-Benz E-Class.
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  47. Wall Street Journal: Don’t Buy the Wrong Volkswagen (24/03/2021 - Reddit Stocks)
    Wall Street Journal: Don’t Buy the Wrong Volkswagen Excerpt: A gap or spread has opened up between the price of Volkswagen AG’s ordinary shares (VOW), now at €299—equivalent to around $354—and its preference shares (VOW3), at €225. The latter aren’t conventional, debtlike preference shares; they are identical to the ordinary shares except that they don’t carry voting rights. In the U.S., there would be two different share classes. Infamously, the spread last ballooned in 2008, when Porsche SE tried to take over VW. That saga, by way of a short squeeze that briefly made VW the world’s most valuable company, ended with VW taking over Porsche’s car-making operation, Porsche AG, leaving behind an investment company, Porsche SE (PAH3), with roughly 53% of VW’s ordinary shares and lots of lawsuits. Since that drama, VW’s ordinary and preference shares have rarely traded out of line. Porsche SE isn’t a suspect this time round. The company says its stake in VW hasn’t changed in recent weeks, and it is hard to see why it would risk more legal challenges. Instead, brokers are pointing the finger at inexperienced U.S. investors. They appear to be buying VW ordinary shares without realizing the confusingly named preference shares offer the same for less. Trading volumes of American depositary receipts that track VW’s ordinary shares (VWAGY) have surged, as have Google search volumes for the VWAGY ticker. Don't forget POAHY, the ADR ticker that tracks PAH3.   submitted by   /u/Torlek1 [link]   [comments]
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  48. Tesla Q1 2021 Financial Results (26/04/2021 - Reddit Stocks)
    Summary   In Q1, we achieved our highest ever vehicle production and deliveries. This was in spite of multiple challenges, including seasonality, supply chain instability and the transition to the new Model S and Model X. Our GAAP net income reached $438M, and our non-GAAP net income surpassed $1B for the first time in our history. While the ASP2 of our vehicles declined in Q1, our auto gross margin increased sequentially, as our costs decreased even faster. Reducing the average cost of the vehicles we produce is essential to our mission. In 2017, as we began production of Model 3, our average cost per vehicle across the fleet was ~$84,000. Due to the launch of new products and new factories and the reduced mix of Model S and Model X, our average cost declined to sub-$38,000 per vehicle in Q1. About three and a half years into its production, and even without a European factory, Model 3 was the best-selling premium sedan in the world,3 outselling long-time industry leaders such as the 3 Series and EClass. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts. We believe Model Y can become not just a category leader, but also the best-selling vehicle of any kind globally. First deliveries of the new Model S should start very shortly, Model Y production rate in Shanghai continues to improve quickly and two new factories Berlin and Texas are making progress. There is a lot to be excited about in 2021.   Highlights   Cash Operating cash flow less capex (free cash flow) of $293M in Q1 Debt and finance lease reduction of $1.2B in Q1 Net cash outflow of $1.2B related to Bitcoin in Q1 In total, $2.2B decrease in our cash and cash equivalents in Q1 to $17.1B   Profitability $594M GAAP operating income; 5.7% operating margin in Q1 $438M GAAP net income; $1.1B non-GAAP net income (ex-SBC1) in Q1 SBC expense of $614M in Q1   Operations Model 3 was the best-selling premium sedan in the world Production ramp of Model Y in Shanghai progressing well Record vehicle production and deliveries in Q1 https://tesla-cdn.thron.com/static/R3GJMT_TSLA_Q1_2021_Update_5KJWZA.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q1-2021-Update.pdf%22   submitted by   /u/nams0 [link]   [comments]
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  49. Early Tesla launch in India seen paying off in long term (16/02/2021 - Seeking Alpha)

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