TSLA's multi-billion dollar factory to produce 500,000 car batteries per year

Discussion in 'Stock Market Forum' started by downloads, Oct 27, 2014.

  1. Peninha

    Peninha Senior Investor

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    I am waiting for Tesla to boom anytime now, not only in the financial markets, but also on the roads. I feel that the model X will make all the difference.
     
  2. Sugarhill

    Sugarhill Guest

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    Yeah, I figured it was something along those lines, so I guess I wonder why states that really need this kind of boost weren't pulling out more of the stops and benefits as it would attract more businesses. But, then there may be the other thing about the work force that they would hire from. Just being a body willing to show up to work isn't enough, you have to be an able body as the product has to be made. Although, I still believe there would be enough people up and down the technological ladder within the state of Mississippi or some other needy Midwest state to staff a company.
     
  3. Gelsemium

    Gelsemium Senior Investor

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    I think that Tesla is the company that will make a difference in what concerns electric cars, they are creating lots of jobs and moving tons of money, well done to Elon Musk!
     
  4. downloads

    downloads Well-Known Member

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    Sales of Tesla Motors are banned in several states. And there are more states that are fighting the legal battle with Tesla. So that's a big reason why they haven't gotten a bigger market share. And combine that with the fact their production faces many supply constraints. These are the main reason why there aren't so many Model S on the road these days.
     
  5. Allison2021

    Allison2021 Well-Known Member

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    What could possibly kill its momentum?

    Downloads wrote, "And they're also selling in Europe (number one selling car in Norway) and they're just starting to take off in China." which makes me elated that an American manufacturer has the potential to become a manufacturing giant in auto batteries. I only wish them well. I only hope they grow.
    Now, I wondering what could possibly kill its momentum? Could the rise of a demanding and choking union affect its bottom line? Could an increasing employee’s benefits package chock off profit? Since no corporations give out pensions, I know they will never have any legacy costs. However, what about the employee cost of living in Nevada? Would that affect their bottom line? Couldn't they have located in Arkansas or Kentucky where the cost of living is lower?

    I must make it clear. I am not against UNIONS! I am still a member of one of the largest unions in these United States. However, I am aware that unions cost privately owned corporations.
     
    Last edited: Nov 3, 2014
  6. Sugarhill

    Sugarhill Guest

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    That is what I've been musing about, why not open in a Midwest or Southern state? It would benefit everyone involved regarding the economy. Jobs are needed in those states and people willing to move out of overcrowded cities into those areas are even more needed, a solid employment opportunity would boost those moves.
     
  7. turt

    turt Guest

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    It's really simple, there is just not the infrastructure in place in these states. You need to ship in all of the components to make batteries. If it cost to much to move it to the location, it's not worth building.
     
  8. caparica007

    caparica007 Well-Known Member

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    I think it's the infra-structures factor yes, Tesla has a huge factory to produce all of this, they can't just open another without making big money on sales first.
     
  9. Gelsemium

    Gelsemium Senior Investor

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    That's right caparica, Tesla made a big effort to own that place, so now they need profit before advancing more, they have to be sustainable.
     
  10. twinsmommy31

    twinsmommy31 Active Member

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    It seems that Telsa Motors will be on track to grow financial. Making the factory here will definitely help push those production sales out faster. The electric car is more efficient. This is probably done in hopes that it will gain the attention of more consumers.
     

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