How can Tesla blame delivery miss on “logistics snarl?” This is the same company which bought a car carrier firm a few years ago to prove their “vertical integration” would speed up deliveries and fatten margins.
Tesla Inc. worldwide deliveries missed forecasts in the third quarter and the company warned of challenges in getting its cars to customers, suggesting that supply-chain snarls remain a blight.
It delivered a record 343,830 cars worldwide in the third quarter. Analysts had expected that nearly 358,000 vehicles would be shipped, based on the average of estimates compiled by Bloomberg.
“Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars,” Austin, Texas-based Tesla said in a statement. “As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks.”
Here we go. A Musk Tweet from 2018:
$TSLA daily, weekly, and monthly charts:
**This article from a German firm confirms the sentiment I am seeing on Twitter from people who know A/I and robots:
An early prototype of Tesla Inc.'s Optimus humanoid awkwardly walked onto the stage on Friday, while a crowd — largely made up of Tesla employees — cheered and roared. The robot waved its hand and moved its hips, seemingly dancing to the music. An advanced version of the Optimus, said to be constructed with Tesla-made parts, had to be wheeled to the stage and carried to a small podium where it waved and thrust its knee.
This limited activity disappointed several robot engineers, AI experts and tech enthusiasts hours later when the company’s artificial intelligence event was streamed to the public.
“The robot can actually do a lot more than we just showed you, we just didn’t want it to fall on its face,” Tesla Founder Elon Musk said at the event, justifying the caution and fuss.
I redrew trendlines on the daily chart where we are also looking at a new Bearish Crossover of 20 x 50 EMAs
If you are a $TSLA shareholder (I only trade $TSLA) keep an eye on the trendline supports on both the weekly and monthly charts. Were I long $TSLA, I’d be using those trendlines to set stop/losses.
$TSLA daily chart
$TSLA weekly chart
$TSLA Monthly Chart
To see $TSLA charts which update in real time:
Daily: TSLA | SharpCharts | StockCharts.com
Weekly: TSLA | SharpCharts | StockCharts.com
Monthly: TSLA | SharpCharts | StockCharts.com
Dennis Hong shares his thoughts about the Optimus Robot. Dennis is Professor, Mechanical & Aerospace Engineering, UCLA. Director, RoMeLa: Robotics & Mechanisms Laboratory:
A taste of Hong’s thread: