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   Technology StocksTesla EVs - TSLA


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To: kidl who wrote (19911)8/5/2022 12:39:56 PM
From: i-node
   of 20331
 
Haven't been following but it looks like the "D-word" (dilution) has been spoken.

The other D-word (Debt) sounds more appealing to shareholders at this point in time, I imagine.

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To: i-node who wrote (19912)8/5/2022 3:34:56 PM
From: kidl
   of 20331
 
You clearly missed my point / question.

Let me spell it out for you. Any American assets in China are now "fair game".

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From: kidl8/5/2022 4:59:52 PM
   of 20331
 
Tesla Announces a Three-for-One Stock Split

AUSTIN, Texas -- (Business Wire) --

Tesla, Inc. ("Tesla") announced today that the Board of Directors has approved and declared a three-for-one split of Tesla's common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 17, 2022 will receive a dividend of two additional shares of common stock for each then-held share, to be distributed after close of trading on August 24, 2022. Trading will begin on a stock split-adjusted basis on August 25, 2022.

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From: kidl8/6/2022 9:08:51 AM
   of 20331
 
California regulator claims Tesla falsely advertised Autopilot, Full Self-Driving | Reuters

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To: kidl who wrote (19915)8/6/2022 10:12:32 AM
From: Sr K
   of 20331
 
That's behind a firewall or paywall, by Reuters.

The updated headline says

falsely portraying.

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To: Sr K who wrote (19916)8/6/2022 10:30:07 AM
From: kidl
   of 20331
 
No paywall for me but here is the article:

California regulator claims Tesla falsely advertised Autopilot, Full Self-Driving



A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS/Tingshu Wang

WASHINGTON/NEW YORK Aug 5 (Reuters) - Tesla Inc (TSLA.O), the electric car company run by billionaire Elon Musk, has been accused by a California state transportation regulator of falsely advertising its Autopilot and Full Self-Driving features as providing autonomous vehicle control.

In complaints filed with the state Office of Administrative Hearings, California's Department of Motor Vehicles (DMV) said Tesla misled prospective customers with advertising that overstated how well its advanced driver assistance systems (ADAS) worked.

Tesla "made or disseminated statements that are untrue or misleading, and not based on facts," the DMV said in complaints dated July 28 and which it made public on Friday.

Vehicles equipped with Autopilot and Full Self-Driving technology "could not at the time of those advertisements, and cannot now, operate as autonomous vehicles," the DMV added.

The DMV is seeking remedies that could include suspending Tesla's license to sell vehicles in California and requiring the company to make restitution to drivers.

Tesla, which has disbanded its media relations department, did not immediately respond to emailed requests for comment.

The Los Angeles Times earlier reported the DMV complaints.

Tesla has said Autopilot "enables your car to steer, accelerate and brake automatically within its lane," while Full-Self Driving also enables vehicles to obey traffic signals and make lane changes.

According to Tesla's website, both technologies "require active driver supervision," with a "fully attentive" driver whose hands are on the wheel, "and do not make the vehicle autonomous."

But the DMV said Tesla's disclaimer "contradicts the original untrue or misleading labels and claims, which is misleading, and does not cure the violation."

California is Tesla's largest U.S. market. The company sold 121,000 vehicles there in 2021, out of an estimated 352,000 sold nationwide.

Since 2016, the National Highway Traffic Safety Administration (NHTSA) has opened 38 special investigations of crashes involving Tesla vehicles where ADAS systems were suspected of being used. Nineteen deaths were reported from those crashes, including a motorcyclist killed last month in Utah.

NHTSA had no immediate comment on the DMV complaints.

National Transportation Safety Board chair Jennifer Homendy in a Reuters interview last year said "there is zero comparison” between Tesla's Autopilot and the tool used in aviation.

"Some manufacturers are going to do what they want to do to sell a car and it's up the government to rein that in," she said.

Reporting by David Shepardson in Washington, D.C. and Jonathan Stempel in New York; Editing by Josie Kao
Our Standards: The Thomson Reuters Trust Principles.

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From: Savant8/6/2022 12:41:14 PM
   of 20331
 
new possible tax bill...be interesting to see who gets the grants

The bill introduces and expands on tax credits offered to consumers to make electric vehicles more affordable.

The bill would give consumers up to $4,000 in tax credits if they buy used EVs or plug-in hybrids. Customers are already eligible for up to $7,500 in tax credits to buy new EVs but this is limited to the first 200,000 eligible vehicles sold by each automaker. The bill would lift this cap on tax breaks for new EV sales, as long as the vehicle is assembled in the US.

Auto manufacturers would get grants to refit their sites so they could make clean vehicles instead, and up to $20 billion would be given in loans to build new factories.

**won't be surprised if mostly given to dinosaur cos, esp the unionized cos

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From: Eric8/6/2022 1:55:09 PM
2 Recommendations   of 20331
 
Tesla Model Y is on track to be the world’s best-selling car

Fred Lambert

- Aug. 5th 2022 6:47 am PT

@FredericLambert




188 Comments

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Tesla revealed that Model Y is on track to be the world’s highest-selling car by revenue this year, and it will likely be the best-selling vehicle by total volume next year.

It’s already the world’s best-selling electric car.

People often like to poke fun at Tesla CEO Elon Musk for his predictions that didn’t turn out to be true, and rightfully so, especially for things like his self-driving timeline; but we also have to give credit where credit is due.

Before Tesla ever brought the Model Y to market in 2020, Musk made some bold predictions about how popular the vehicle will become. Musk said that he anticipated Model Y demand would be about twice as high as demand for Model 3, which was already the best-selling electric car at the time. Back in 2016, the CEO put demand for the Model Y between 500,000 to 1 million units per year. That was four years before releasing the vehicle.

Now after two years on the market, Musk’s predictions are becoming true.

At Tesla’s annual shareholder’s meeting yesterday, Musk made the announcement that the Tesla Model Y is on track to become the world’s best-selling vehicle. More specifically, the electric SUV is going to be the best-selling vehicle in the world by revenue this year, and the company expects that it will be the best-selling vehicle by volume next year once Tesla has ramped up production at Gigafactory Texas and Gigafactory Berlin.

Currently, the best-selling vehicle in the world is Toyota Corolla with around 1,150,000 sales.

Tesla doesn’t breakdown sales between the Model 3 and Model Y, but the latter is expected to have surpassed the former, and Tesla is reporting a capacity of around 300,000 of those vehicles per quarter.

At Gigafactory Texas and Berlin, Tesla is exclusively producing the Model Y. By the end of the year, Tesla is expected to have the capacity to produce over 1 million Model Y vehicles per year.

electrek.co

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From: Eric8/8/2022 1:11:36 PM
1 Recommendation   of 20331
 
Thought you folks would find this interesting.

Something many of us have known for years now.

Eric

Fossil fuels ,

"dead man walking".....

Study finds 100% renewables would pay off within 6 years

Message 33953389

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From: Savant8/8/2022 1:12:40 PM
   of 20331
 
humor .... Tesla’s latest software update is a COLOR CHANGER!

youtube.com

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