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by ekrebs 2992 days ago
2,020 is under Elon's 2,500 prediction, but well above the 1,000-1,500 expectations of those shorting the stock (unless the shorts' articles were deliberately misleading, of course).

Also, according to the release, those are customer-delivered numbers. Overall, a good trajectory and a sign of long-term health.

4 comments

Shorts? Misleading? Never.

The game around Tesla stock is pure and simple speculation - by all sides. There is no world that justifies the current value of Tesla's stock, and there is also clear evidence that there is significant illegal market manipulation by shorts.. This is becoming more of a problem. Remember the fairly benign AMD "security" issue where it was discovered that root users could update security code? The announcement of that exploit came with a "this should drive AMD stock to zero" comment.

Just a little bit over oversight please, SEC?

Originally Tesla was predicting to produce 5,000 per week in March 2018. The prediction was later downsized to 2,500 and now they didn't even reach that.

Investors have been funding Tesla so far based on all these predictions. I don't see any sign of long-term health here now that both targets have not been met.

Yeah, if they're able to consistently hit that weekly number (and continue to improve upon it) this is some much-needed good news for Tesla.
They need to improve on it, badly. Operating a line at 40% capacity is terrible for your bankaccount.
2,020 is about halfway between 1,500 and 2,500. It’s almost like both sides are selling hyperbole around a truth in the middle.
Except that wasn't the prediction, the prediction was 5K / week:

https://techcrunch.com/2017/11/01/tesla-predicts-production-...