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“Musk Is A Modern-Day Robber Baron” – Robert Reich

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Just two months after being called hypocrite on Twitter by US. Presidential candidate Bernie Sanders, in a tweet that went viral,

What a hypocrite. Elon Musk has received billions in corporate welfare from U.S. taxpayers. Now he wants to stop 30 million Americans who lost jobs from receiving $600 a week in unemployment benefits, while his wealth has gone up by $46.7 billion over the past 4 months. Pathetic.

Bernie Sanders attacks Elon Musk on twitter.

Elon Musk is under attack again, but this time, by Robert Reich, a Berkeley professor and former Secretary of Labor.

Tesla CEO replied him by saying “All Tesla workers also get stock, so their compensation increased proportionately.” he ended the response with a “You are a modern day moron.“

A Tesla employee “Daniel James” defended his Boss by saying “I joined Tesla less than six months ago and the value of my Tesla RSUs is enough to pay off my entire student debt.” He asks anybody to find him another boss that does that for his employees.

Daniel continues” “Robert Reich spent the pandemic fighting to keep Berkeley from putting affordable housing too close to his mansion so he could keep his home price inflated. He is exactly the predatory crony capitalist he pretends to denounce.”

I guess this will be a trend for a while.In May, California assemblywoman Lorena Gonzalez told Elon Musk Fuck You on twitter in response to the Tesla CEO Elon Musk’ threat of taking Tesla Headquarter and future programs out of California. Elon Musk is now a Robber Baron.

Oppenheimer Reiterates Buy On Tesla Stock With A Price Target Of $451

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Long time Tesla Stock analyst Colin Rusch from Oppenheimer has just reiterated a buy rating on the stock of the electric giant Tesla Inc!.

Tesla stock rose Wednesday morning and recovered some of the massive losses from yesterday which was another record-breaking bearish closing that Tesla investors haven’t seen in months.

In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Tesla, with a price target of $451.00.

Tesla is presenting trading about $355 at the moment, up about 7% since the market opened, after a massive selloff of -21% that forced stock of the electric vehicle giant to close at $330 yesterday.

“I think they have more to go on the downside before they bounce in any kind of meaningful way. These are great companies on a long-term basis, but since they got so far ahead of themselves, I think they’ve got further to drop, and they won’t bounce back as quickly as a lot of people think they will,” said Matt Maley, chief strategist at Miller Tabek, while on Yahoo Finance yesterday. Matt Maley is the same Analyst that suggested Tesla will crash and compared Tesla to Amazon of the year 2000 when Amazon stock crashed about 90% after what Matt called a huge bubble.

Tesla Stock Is Undervalued

Ark Invest CEO Catherine Wood still believes “Tesla is way undervalued even with the massive move it’s had”.

Our bear case is $1500, a 5-year target.

Cathie Wood of Ark Invest.

“In our bear case, we have nothing for ride-hailing and we have nothing for autonomous. If they do that, and we think they will” Cathie added.

Below is an interview of Tesla long time bearish analyst Gordon Johnson on why he believes Tesla is overvalued and headed for $19 by the end of the year 2021.

Volkswagen Group Chairman Test Drives Tesla Model Y

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Herbert Diess (Chairman of the Board of Management of Volkswagen Group) shared a photo of him and his work colleague Frank Welsch (Board Member for Development Volkswagen Passenger Cars; Head of Research and Development at Volkswagen AG – Hanover-Braunschweig-Göttingen-Wolfsburg region) posing next to a Tesla Model Y after test driving.

This photo was possibly taken before Diess’s meeting with Tesla CEO Elon Musk at the airport in Braunschweig, during which both of them was videoed driving the VW ID.3 on the runway.

Video here:

“Of course I also tested a Tesla Model Y – with my colleague Frank Welsch. This car is for us in many aspects (not in all!)” – Wrote Diess as a comment on the video post he share yesterday, about his experience with Elon Musk in the ID.3 Test-driving.

He also emphasises on the “user experience, updatability, driving features, performance of the top of the range models, charging network, range.” as Tesla Model Y biggest advantages over other electric vehicles.

According to him the Tesla “Model Y was/is thought through as an electric car – as is the ID.3.”

“Many of our competitors still using their ICE platforms. The result: They aren’t getting the best EVs.” he adds.

Checkout ID.6

caught on camera by Stefan Baldauf, The ID.6 will come with a range of 600km. The smaller version has a range of around 450 kilometers according to WLTP, the larger battery allows more than 600 kilometers. They offered a system output of 306 hp. According to initial rumors, a further performance level of 410 hp is targeted.

Volkswagen ID.6

Photo by Stefan Baldauf

Gigaberlin Installs (SAC) Single Access Control Doors For Elon Musk

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Tesla CEO is presently in Germany on a business trip. Apart from his business meeting with Curevac, a company based in Tübingen, Germany, Musk will be visiting Tesla’s first Europe factory, the Gigaberlin, to witness the insane construction progress.

Tesla has installed a single access control entry units at gigaberlin, this entry gate was not there the last time I visited the factory. This is a sign that security is becoming tighter at the factory ahead of the CEO’s visit.

Photo by https://twitter.com/Gf4Tesla

One of the managing directors of the Curevac main investor Dievini, Christof Hettich, revealed to the “Mannheimer Morgen” that Musk would be in Germany on Tuesday and Wednesday.

CureVac is a biopharmaceutical company headquartered in Tübingen, Germany, that develops therapies based on messenger RNA. The company’s focus is on developing vaccines for infectious diseases and drugs to treat for cancer and rare diseases – wiki

Gigaberlin construction is expected to set a new construction record, beating Gigashaghai’s construction record time, as the factory is set to come online and start massive production of the (Made In Germany) revolutionary Tesla Model Y, in 2021.

Musk has said several times that the MIG Model Y will be revolutionary.

“Tesla is building RNA microfactories for CureVac and possibly others as a side project,”

Elon Musk

According to Elon Musk, Tesla is going to buid a RNA microfactories for CureVac and possibly some other side projects that is not yet known to the general public.

We are currently developing a vaccine against the coronavirus based on our mRNA technology that is especially suitable to provide a rapid response to this viral outbreak situation. All our internal efforts are focused on this challenge with the goal to reach, help and protect people all over the globe: We declared COVID-19 our core project.

With our mRNA technology, we instruct the human body to activate its own defense mechanism. To that, we use the natural messenger substance mRNA that contains the construction manual needed to produce proteins. We program this messenger substance with the information about one protein of the coronavirus and inject it into the human body. The body recognizes the protein produced by our cells as something unknown and activates its immune cells to produce antibodies and T-cells against it. In this way, we imitate the natural viral infection and activate the endogenous defense system.

CureVac

Elon Musk Is Now $5B Richer Than Mark Zuckerberg

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Tesla CEO Lord King Elon Musk is finally richer than Facebook co-founder Mark Zuckerberg after Tesla 5-1 stock split.

According to the Bloomberg Billionaires Index, Elon Musk passed Facebook Inc. co-founder Mark Zuckerberg today as shares of the electric vehicle maker rallied 12.57% after undergoing a forward stock split, adding $11.7 billion to the net worth of Elon Musk.

Elon Musk is now worth $115.4 billion compared with $110.8 billion for Zuckerberg.

Tesla market cap is now a whopping $464 billion, compare to Toyota $182.919 billion, General Motors $42.403 billion, Volkswagen $73.499 billion, Daimler $45.622 billion, BMW $38.877 billion.

Elon Musk’s net worth has grown massively almost $88 billion this year alone, as shares of his company, the world’s most valuable electric vehicle manufacturing companies are up almost 500%. The CEO has also bagged corporate pay deals, bigger than what any CEO has ever bagged historically. A deal is known to be the largest corporate pay deal ever struck between a chief executive officer and a board of directors.

This Is Just The Beginning

On September 22, Tesla is set to announce a battery breakthrough that the company has been working on since the last battery announcement.

Wall Street analysts are predicting the electric car manufacturer will announce a million miles battery.

“We’re all waiting to see what Tesla is going to come out within the battery,” Brian Gu vice chairman and president of China’s newest publicly traded electric vehicle maker Xpeng.

“We believe that the China growth story is worth at least $400 per share in a bull case to Tesla as this EV penetration is set to ramp significantly over the next 12 to 18 months, along with major battery innovations coming out of Giga 3 (million-mile battery remains an elusive goal now in the grasp in our opinion),” Ives wrote in a note.

“In our view, nothing matters more on Battery Day than understanding how the ‘million-mile’ batteries could profoundly change the auto business model,” Philippe Houchois of Jefferies wrote.

The latest analyst to rate the stock is Canaccord Genuity analyst Jonathan Dorsheimer. He maintained a Hold rating on Tesla on Friday and set a price target of $442.00.

Aright guys, do you think Elon Musk will one day be the richest man alive?.

Tesla Delivery Center With 100K Capacity To Open Soon In China

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Tesla Inc! is set to take over The Pudong Delivery Center in Shanghai, China, to help boost its business in China.

China has been touted as a battleground for electric vehicle manufacturers, and Tesla seems to be taking the country with a population of about 1.4 billion people, very serious.

This week, Wedbush analyst Daniel Ives reiterated his Neutral rating and $1,900 price target for Tesla but raised his bull-case scenario target from $2,500 to $3,500 because he sees $35 EPS Potential in China alone. Ives said China could represent more than 40% of Tesla’s total sales by 2022.

Yesterday, Tesla Stock bullish analyst Philippe Houchois of Jefferies followed the likes of Daniel Ives of Wedbush by raising the price target of the electric vehicle giant stock to $2,500 from $1,200 while keeping a Buy rating.

The 100,000 Tesla vehicle capacity will have a small car theme park, sales, customer center for pickup purposes, and after-sales services.

According to Tesmanian, The Pudong Delivery Center will be refurbished in late August and officially handed over to Tesla with commissioning expected in early September.

“According to staff, the Pudong Delivery Center once belonged to the Shanghai Free Trade Zone Parallel Imported Cars, which was mainly used as a second-hand car trading showroom and was later rented by Tesla. The delivery center exhibition hall has a total area of ​​4,512 square meters and is divided into 2 floors. The first floor mainly provides functions such as delivery and display, and the second floor is the office area.” – Equal Ocean

This massive 2 floors ​​4,512 square meters can deliver about 300 vehicles per day once it goes into operation. This center is said to be able to deliver vehicles to customers from Monday – Sunday, meaning every day of the week.

This is good news for a growth company like Tesla that investors and analysts expect only good news from since the Stock of the electric giant is now trading about $2,000 with a market cap of $400 billion.

Who said demand is a problem?.

A Train Carrying Hundreds Of Tesla M3 & MX Spotted In Denmark

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Several websites reported last week that Tesla’s sales are going down in Europe, but this will shock you!.

This is huge guys, a twitter user with the handle @mortenlund89 just shared a video of a train on Storebaelt Bridge in Denmark, carrying what he calls hundreds of Tesla Model 3 and Model X. He said his source is: Henrik Nielsen on Tesla Owners Denmark fb-group

He suggested the train is possibly headed towards Sweden or Norway because the train is going towards Eastern Denmark.

Just a few days ago, a Long time Tesla bearish analysts Gordon Johnson claimed Tesla demand has fallen in Europe in July, but if this sighting is as claimed as the twitter user, Tesla might have delayed the European countries’ delivery till towards the end of the third quarter.

Tesla is known to mostly delay deliveries in the first and second months of each quarter, due to production ramping, but mostly go all-in on delivery in the very last two weeks of each quarter.

The billionaire CEO has repeatedly asked employees to work hard to allow the electric car maker to break even in several past quarters.

In June, according to an internal email seen by Reuters, Musk encouraged employees to quickly build and deliver vehicles at the end of the quarter to meet specific targets after production was disrupted due to restrictions tied to the coronavirus pandemic.

“Breaking even is looking super tight,” Musk said in the Monday email. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”

“We’re Focused On Developing New Products & Scaling Production” – Elon Musk

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Tesla CEO in a response to one of his over 38 million Twitter followers on Wednesday, made it clear that Tesla is completely focused on developing new products, and scaling production.

The twitter user, popular for his tweets and YouTube videos about SpaceX, another Musk’s company, asked if there has ever been a consideration for a legit racing branch of Tesla, such as Formula E, Rally, drag racing. “It’d sure be fun to see and help show off the tech!” he adds. Musk replied with a NO!.

Tesla presently has a lot of things going on almost at the same time, and the CEO hands must be super full as well because in two day’s time, he will be showing the world what one of his companies has achieved, am talking about Neurallink.

Musk has spoken repeatedly about his belief that BMI devices are needed to help humans keep up with AI by supplementing our brainpower, but right now, his goal is much simpler: to create an implantable device that lets people control phones or computers with their mind. more on the verge.

According to Elon Musk, Neuralink will be demonstrating a working device, which is believed to be an interface for brain and computer, at 6 PM ET on Friday.  Neuralink is developing implantable brain–machine interfaces (BMIs). In July, Elon Musk said Neuralink has already implanted chips in rats and plans to test its brain-machine interface in humans within two years, with a long-term goal of people “merging with AI.” In June Musk said Neuralink chip will allow humans to stream music directly to brain, he also said that Neuralink “could help control hormone levels and use them to our advantage (enhanced abilities and reasoning, anxiety relief, etc.).”

According to Elon Musk in July “Tesla German-built Model Y is going to be ‘a revolution in auto body engineering’. He has spoken a lot about the upcoming German-built Tesla Model Y, which he claims is going to be “a revolution in automotive body engineering.”.

Just last week, Musk said that Tesla has managed to turn what was originally 70 parts in Model 3’s rear underbody into just two parts in the Model Y electric SUV. … Last month, Musk admitted that it has been “tricky to maintain rates and keep growing the rate for Model Y casting.”

Yesterday, Tesla made an announcement that it started operating the world’s largest casting machine at the Fremont factory. This machine will also be used to manufacture Tesla Model Y in Germany, once the construction of the first European factory is complete.

Multi-directional single casting machine for car body has started operation at Tesla Fremont factory.

Guys, just when you think you have seen it all, Tesla comes out with something completely new and crazy. What do you guys think Tesla is working on that is bigger than them getting involve in Formula E sport?.

Jefferies Analyst Sets Highest Tesla Price Target Of $2,500

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Tesla share is presently trading around $2,100 level, up about 4%, after a long time, Tesla Stock bullish analyst Philippe Houchois of Jefferies followed the likes of Daniel Ives of Wedbush by raising the price target of the electric vehicle giant stock to $2,500 from $1,200 while keeping a Buy rating.

Like I have been suggesting on my twitter handle that analysts will keep raising the price target of Tesla stock until they run out of numbers.

This increase follows Wedbush analyst Daniel Ives’s Tesla bull-case scenario price target increase from $2500 to $3500.

This price target of $2,500 from $1,200 represents the highest listed on FactSet.

“Tesla’s competitive edge in cars may soon start to shrink but continues to widen in multiple other dimensions, from brand leverage and software to battery capacity and industrial efficiency,” Houchois wrote in a note to clients.

According to him, Tesla will “set new benchmarks and ambitions for battery density, materials, and industrial processes leading to pack costs <$100 in coming years.”

He plans to watch out for any information about how Tesla plans to conduct vertical integration, especially in its storage and solar businesses, and what impact that will have on capital expenditure costs.

“We cannot pretend to understand the magnitude and speed of share price moves,” he added. “we still see logic in the exuberance, in part because growth expectations for 2020 to 2022 doubled since September 2019, almost exclusively driven by autos as non-auto related revenue remains a small fraction of estimates,” he added.

According to him, his price target amounts to $500 on a split-adjusted basis, as Tesla will be conducting a five-for-one stock split after the close of trading Friday.

Tesla Bull Case Scenario Profit Target Raised From $2500 to $3500 By Ives

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Bull case scenario of the electric vehicle giant Tesla Inc! has been raised to $3,500 by Wedbush analyst Daniel Ives despite the stock rising about 45% since announcing a 5 for 1 stock split on Aug. 11.

Daniel Ives reiterated his Tesla Stock neutral rating with a $1,900 price target but raised his bull-case scenario target to $3,500 from $2,500.

This is the third time Daniel is raising his Bull-Case scenario this month.

  1. On the 12th of August, He maintained a Neutral rating and a price target of $1,800 on the shares, with a $2,500 bull case target. 
  2. On the 17th of August, Daniel Ives Raises Tesla Stock Price Target To $1900, From $1800.
  3. On the 23rd of August, he is out again with a new upgrade but this time he reiterated his Neutral rating and $1,900 price target for Tesla but raised his bull-case scenario target from $2,500 to $3,500.

According to Ives Tesla has enough upside potential due to its potential in the Chinese auto market and its potential to be a global battery powerhouse.

“The pent-up demand in the China EV market for Model 3s and recent price cuts are creating a perfect storm of demand for Musk & Co. in this key market,” Ives wrote in his research report.

“Model 3 demand out of China remains a linchpin of success and appears to be on a run rate to hit 150k unit deliveries in the first year out of the gates for Giga 3 which is driving some strength for Tesla as well as Model Y deliveries starting to ramp as well,” he wrote in a note.

Battery innovations are the other piece of Ives’ puzzle. “Musk & Co. are slated to announce several new potential game-changing battery developments at its highly anticipated Battery Day on Sept. 22,” Ives said. “The company is getting closer to announcing the million-mile battery. In our opinion this battery technology will be very advanced, potentially last for decades, withstand all types of weather/terrain, and be another major milestone for the Tesla ecosystem.”

Battery Day

Tesla battery day is set for September 22, and according to Ives If battery technology and Chinese demand come up roses for Tesla, then the stock will keep working.

“Tesla could now have $35 [plus] of earnings power by 2025/2026 [versus] our prior estimate of $20 to $25,” he adds.

According to Tesla.com, The 2020 Annual Meeting will be held on Tuesday, September 22, 2020, at 1:30 p.m. Pacific Time.

Tesla’s separate Battery Day event will follow immediately after the conclusion of the 2020 Annual Meeting.

Live video webcasts of the 2020 Annual Meeting and Tesla’s Battery Day event will be accessible to the general public at www.tesla.com/2020shareholdermeeting.

To accommodate ongoing public health requirements and travel considerations, Tesla is also providing any stockholder as of July 31, 2020, the means to join the 2020 Annual Meeting virtually at www.meetingcenter.io/234436330. The virtual meeting will feature the same live video webcasts accessible to the general public, plus the option to submit votes and written comments on meeting agenda items. To join the virtual meeting, you will need the password, which is tsla2020, and a 15-digit secure “control number” unique to you, which you may obtain as follows:

  • If you are a “stockholder of record” with shares registered directly in your name with our transfer agent, Computershare Trust Company (a minority of Tesla stockholders), you can find the control number on the Notice of Internet Availability or paper proxy card that was sent to you (please check that it is for the meeting as scheduled for September 22, 2020, NOT as previously scheduled for July 7, 2020).
  • If you are a “beneficial owner” and hold shares through a broker, bank, or other organization (the vast majority of Tesla stockholders), you will have to register in advance to obtain a control number. Please ask your broker, bank, or organization for a “legal proxy” for the 2020 Annual Meeting and submit a copy of it from your e-mail address with “Legal Proxy” in the subject line to legalproxy@computershare.com. If your request is received no later than 2:00 p.m. Pacific Time on September 17, 2020, you will receive a confirmation e-mail with your control number.