قالب وردپرس درنا توس
Home / Business / & # 39; Trump is coming down to the & # 39; Tesla

& # 39; Trump is coming down to the & # 39; Tesla



<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "One of the solutions Tesla TSLA ) came up to cope with delivery and manufacturing problems & nbsp; may have left it vulnerable to President Donald Trump's ire, according to vertical research group analyst Gordon Johnson. data-reactid = "1
5"> One of the solutions Tesla (TSLA) came up to cope with delivery and production problems may have made it vulnerable to President Donald Trump's ire, according to vertical research group analyst Gordon Johnson.

"I think when the Trump administration understands what they are doing, I think Trump is going to get hard on them , Johnson says at Yahoo Finance's Final Round. "And I think it's the big risk people don't talk about."

<p class = "canvas-textile textile Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla in early January broke the ground & nbsp; at its new factory in Shanghai, marking the first wholly-owned foreign-owned car factory in China, the plan is for the company to produce its least expensive vehicle, Model 3, by the end of the year and now high volume production next year. The production of the base Model 3, as well as model Y, will serve the Greater China region, Tesla CEO Elon Musk said in a series of Tweets . Tesla said in August that invested & nbsp; $ 5 billion in the Chinese factory. "data-reactid =" 17 "> Tesla at the beginning of January broke the ground at its new factory in Shanghai, which marked the first wholly-owned foreign-owned plant in China. The plan is that the company will produce its least expensive vehicle, model 3, by the end of the year and reach high volume production next year. Shanghai's production of the base Model 3, as well as model Y, will serve the Great China region, said Tesla director Elon Musk in a series of Tweets . Tesla said in August that it invested $ 5 billion in the Chinese factory.

Robin Ren, Sales Manager at Tesla Inc., again, speaks to Elon Musk, CEO, Second Right, and Ying Yong, Mayor of Shanghai, right after one event on-site for the company's production facility in Shanghai, Ch ia, Monday, January 7, 2019. (Photo: Qilai Shen / Bloomberg via Getty Images)

Breaking ground at Shanghai Gigafactory – the result of many years of negotiations with locals Officials – came as a big win for Tesla as it tackled potentially weaker demand in the US for reductions in federal tax credits for electric cars. Tesla cut the prices of all its vehicles in the US by $ 2000 earlier this year after the electric car subsidy was halved to $ 3,750 from $ 7,500. The Chinese based Gigafactory will also help isolate Tesla from import taxes that the US and China continue to work towards a new trade agreement.

Johnson explained why he thinks it's just a matter of time before the Trump administration spreads on Tesla's overseas operations.

"They cut only 7% of the workforce, and six months ago they cut 9% of the workforce, Johnson says." It's a 16% cut to people in the US and now they are building a Gigafactory in China where they say that they should produce a $ 35,000 car and then send it to the United States to sell it.

"We need to bring the Shanghai factory online"

<p class = "canvas-textile Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" Trump last year, Harley-Davidson criticized ( HOG ) to move some of his motorcycle production abroad to avoid adding motorcycle tariffs sold in the EU. In a tweet in August, Trump encouraged & nbsp; consumers to "boycott the company." "data-reactid =" 42 "> It wouldn't be the first time Trump cracked on a US company to move operations abroad. Last year Trump criticized Harley-Davidson (HOG) for moving some of his motorcycle manufacturing overseas for to avoid additional prices on motorcycles sold in the EU In a tweet in August, Trump urged the consumers to "boycott the company."

<p class = "lerret-atom lerret text Mb (1.0em) Mb (0 ) – sm Mt 0.8em) – sm "type =" text "content =" Before this, Trump began in 2017 & nbsp; & nbsp; Toyota ( TM ) after the automaker announced plans to open a factory in Guanajuato, Mexico and said it would face a "big border" if it built its Corolla factory outside the US. Toyota finally decided to build Corolla on a new US manufacturing plant while moving Tacoma pickup trucks on the Mexico plant – praising Trump. "Trump in 2017 the attack Toyota (TM) after the automaker announced plans to open a factory in Guanajuato, Mexico and said it would face a" big border "tax" if it built its Corolla plant outside USA. Toyota finally decided to build Corolla on a new US manufacturing plant, moving Tacoma pickup trucks at the Mexico plant – earning a trump from Trump.

<p class = "canvas-atom canvas text Mb (1.0em) Mb 0) – sm Mt (0.8em) – sm" type = "text" content = "That said, it is less likely that Musk – which historically has had an "antagonistic relationship with federal regulators – would be willing to bow to any US government press, especially in view of the investment that Tesla has so far to Shanghai Gigafactory and its incredible role play to bring Tesla's car production up to speed. "data-reactid =" 44 "> That said, Musk – who has historically had an antagonistic relationship with federal regulators – is less likely to be willing to bow to any US government press, especially in terms of investment Tesla has flown in so far to Shanghai Gigafactory and the incredible role it will play in bringing Tesla's car production up-to-speed.

"We need to bring the Shanghai factory online," Musk said during a conversation with investors earlier this "I think it's the biggest variable to come to 500,000 plus a year."

A Tesla logo is looked at the breakthrough of Te hit Shanghai Gigafactory on January 7, 2019 in Shanghai, China. (Photo by VCG / VCG via Getty Images)

& # 39; Demand problem

<p class = "lerret-atom-lerret" -text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Shanghai Gigafactory will help Musk deliver Tesla cars to one of the largest demand centers for electric cars. Several reports have placed China as the leader in the demand for electric vehicles, adding the country's title as the world's largest car market. "data-reactid =" 71 "> Shanghai Gigafactory will help Musk deliver Tesla cars into one of the largest demand centers for electric cars, and several reports have placed China as a leader in the demand for electric vehicles, adding the country's title as the world's largest car market.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "China's new stricter rules for new energy vehicles contributed to the sale of electric cars the top one million in 2018 for the first time ever. "data-response time =" 72 "> China's new stricter rules for new energy vehicles contributed to the sale of electric cars to one million in 2018 for the first time.

Entering this mega-electric car market will help Tesla compensate some of the softness of demand seen in other markets

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "I believe that sales in the US and North America has collapsed, "Johnson said. The reduction in US electric vehicle tax credits – which will halve again to just $ 1,875 this summer – has played a major role in the softer domestic demand, Johnson said, noting that when the state of Georgia slashed its own tax credit on electric cars several years back, the electric vehicle sold "data-reactid =" 74 ">" I believe that sales in the US and North America have collapsed, "Johnson said. The reduction in US electric vehicle tax – which will halve again to just $ 1,875 this summer – has played a major role in the softer domestic demand, Johnson said. He noted that when the state of Georgia slashed its own tax credit on electric cars several years back, electric vehicles died in Sweden.

Tesla's CEO Elon Musk, center, waves as he waits for a meeting with Chinese Prime Minister Li Keqiang at the Zhongnanhai Leadership Association in Beijing, Wednesday, January 9, 2019. (AP Photo / Mark Schiefelbein, Pool)

Johnson's concerns have also been echoed by other analysts, who also cited domestic EV subsidy reductions as risk for the company.

"The adoption speed of connected car, auto nominal systems, vehicle electrification and security can be heavily influenced by state regulations, subsidies and mandates," Cowen analysts said in a Tesla note earlier this week. "Stock prices and financial results may be sensitive to Political changes and outcomes can be difficult to predict because of the political nature of the process. "

Musk does not see his demand as a major inhibitory factor for Tesla, and said during a conversation with investors that he sees" quite nutty "Growth in demand this year the Tesla vehicles, and that demand for model 3 is particularly" insanely high. "

But the Tesla management on the call also indicated that Tesla is essentially just about to produce cars for Chinese and European markets right now, expecting a gap of about 10,000 cars between production and deliveries due to vehicles still in transit at the end First Quarter.

"We believe this is a strong indication that US demand for both medium and long range / performance model 3 versions has been largely exhausted," Cowen analysts said in a note.

"I think they have a demand problem," Johnson said.

<p class = "teacher-cano text text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Emily McCormick is reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck "data-reactid =" 102 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom lerrettext Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Emily: More from Emily:

<p class =" canvas-atom lyric text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm Facebook Instagram ] & nbsp; YouTube and reddit . "data-response time =" 110 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn YouTube og [19659052] Reddit .


Source link