I think the Street viewed it as an admission that they need to slash costs. Which usually they like, but this is Tesla.
yep. And I suspect everything will be shifted to service centers and they'll open up lot more new service centers. Elon said his goal this year is to greatly expand service centers and mobile service. Supposedly like 80% of all sales last year were all done online So going only online sales doesn't sound so crazy. But all those sales were to early adopters and Tesla fans who already knew what they wanted. Now Tesla has to convince the mainstream buyers and average Joe who probably doesn't know lot about Tesla and electric cars. That could be harder with this change. I'm a firm believer if the product is awesome, it will sell itself once they try it. And Tesla cars are awesome. The problem is how do you convince the mainstream buying public who has very little knowledge of the product to buy expensive automobiles without a test drive so they can learn firsthand how awesome it is?There'll still be service centers. THis is for just buying the car. Part of the issue is that they don't have dealerships and some states didn't give them an exemption.
In other news Ford and GM now refuse to release monthly sales figures as has been the norm for over a half century. They opting for quarterly sales figures.
Whats everyone's thoughts on Lyft's IPO? Think it's worth buying in early - or wait a bit since Uber will be doing their IPO shortly after next year.
Valid points all around. Ride sharing was definitely a necessary evil though. Taxis had the Monopoly so they had no drive to do basic innovation like make an app to hail a cab.There's a lot to hate - Uber is way bigger, the moat is tiny (no reason for a tech or car company to buy them completely out - just make their own app) and ride sharing may not be all that profitable without self driving cars, which is still a bit off. Not to mention plenty of cities who seem to hate ride sharing in general, either because of taxi lobbying or urbanists who hate cars.
According to Reuters articles they are making substantial progress.Computer buying programs doing their job as usual....the business press cites trade optimism.....yet in reality there is no optimism.
Nobody tells the computers not to buy, they just let them run. Same thing happens in reverse, but not as often.
While I see no reason to buy the algorithms do.
Checking out the mortgage rates, saw that you can still get under 4% if you are willing to roll the dice a bit with a 7/1 ARM. The Fed odds by the way are still showing very heavy flat odds through the end of the year.
Explain to me interest rates like I'm 12 - because for the life of me I haven't understood that shit (and I'm too lazy to Google at the moment). What is a 5/1 vs a 5/5 ARM? I thought the /5 (at the end) was a reference to how often they can adjust the interest rate?
Wow! Even though I'll never have a need for an ARM, I actually learned something new today.First number is how long it is before the rate changes the first time, second number is how long it is before it changes each subsequent time. So 5/1 it changes at the 5 year mark and then every year after that; 5/5 is at the five year mark and then every 5 years after that.
Thanks for the explanationFirst number is how long it is before the rate changes the first time, second number is how long it is before it changes each subsequent time. So 5/1 it changes at the 5 year mark and then every year after that; 5/5 is at the five year mark and then every 5 years after that.
Wow! Even though I'll never have a need for an ARM, I actually learned something new today.
Yo - What is ATOT's thoughts on Activision Blizzard. We're talking a company with dedicated gamers (such as previously myself).
"Hardcore" gamers (which would stereotypical be someone like myself are complaining that the company is going more "mobile" and less gamer friendly (*cough* hardcore PC with Videocards *cough*)
So my question is this: The stock is now at about 50% of its highs ($80 vs ~$40). What do you think? Nothing but ups, or nothing but downs? Seems like a good time to buy or a good time to lose - it's either going to go up or down, but certainly not stay the same IMO.
Thoughts?