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jjjovial
2021-02-04
Stonks?
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jjjovial
2021-02-03
Stop shorting lol
Gamestop, silver spot down, "farce" is slowly ending?
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It fell 23% to $173 in pre-market U.S. trade.</p>\n<p>Spot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.</p>\n<p>Analysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.</p>\n<p>The social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”</p>\n<p>Retail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.</p>\n<p>Other shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.</p>\n<p>Online broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.</p>\n<p>“It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.</p>\n<p>“With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”</p>\n<p>Small traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.</p>\n<p>Day-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.</p>\n<p>The showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.</p>\n<p>Robinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.</p>\n<p>Weak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]</p>\n<p>The number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.</p>\n<p>“Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.</p>\n<p>QUICKSILVER</p>\n<p>Silver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.</p>\n<p>A lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.</p>\n<p>An additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.</p>\n<p>“Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.</p>\n<p>“In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”</p>\n<p>The unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.</p>\n<p>“It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.</p>\n<p>Reddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.</p>\n<p>“WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.</p>\n<p>($1 = 0.8280 euros)</p>\n<p>($1 = 1.3108 Australian dollars)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gamestop, silver spot down, \"farce\" is slowly ending?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGamestop, silver spot down, \"farce\" is slowly ending?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 17:56 GMT+8 <a href=https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started...</p>\n\n<a href=\"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3780c78c8bb55dbf0b4bcd80ffe89707","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113195747","content_text":"SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.\nGameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.\nSpot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.\nAnalysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.\nThe social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”\nRetail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.\nOther shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.\nOnline broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.\n“It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.\n“With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”\nSmall traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.\nDay-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.\nThe showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.\nRobinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.\nWeak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]\nThe number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.\n“Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.\nQUICKSILVER\nSilver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.\nA lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.\nAn additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.\n“Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.\n“In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”\nThe unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.\n“It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.\nReddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.\n“WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.\n($1 = 0.8280 euros)\n($1 = 1.3108 Australian dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":314359322,"gmtCreate":1612312796866,"gmtModify":1704869584022,"author":{"id":"3573774256487719","authorId":"3573774256487719","name":"jjjovial","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573774256487719","authorIdStr":"3573774256487719"},"themes":[],"htmlText":"Stop shorting lol","listText":"Stop shorting lol","text":"Stop shorting lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/314359322","repostId":"1113195747","repostType":4,"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317985449,"gmtCreate":1612407079281,"gmtModify":1704870745489,"author":{"id":"3573774256487719","authorId":"3573774256487719","name":"jjjovial","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573774256487719","authorIdStr":"3573774256487719"},"themes":[],"htmlText":"Stonks?","listText":"Stonks?","text":"Stonks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317985449","repostId":"1150284862","repostType":4,"repost":{"id":"1150284862","kind":"news","pubTimestamp":1612406876,"share":"https://ttm.financial/m/news/1150284862?lang=&edition=fundamental","pubTime":"2021-02-04 10:47","market":"us","language":"en","title":"Don’t buy a Tesla during a production ramp, Elon Musk warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1150284862","media":"marketwatch","summary":"In a new interview, Elon Musk agreed with some scathing criticism of Telsa Inc. vehicles, and advise","content":"<p>In a new interview, Elon Musk agreed with some scathing criticism of Telsa Inc. vehicles, and advised against buying Tesla vehicles during a production ramp-up.</p>\n<p>The extraordinarily candid interview — even for an extraordinarily candid CEO like Musk — with engineering consultant Sandy Munro aired Tuesday on the “Munro Live” YouTube channel and podcast.</p>\n<p>Musk had a blunt answer when asked about quality control issues: “It took us a while to kind of iron out the production process. Friends ask me: ‘When should I buy a Tesla?’ And I’m like: ‘Well, either buy it right at the beginning, or when the production reaches a steady state. During that production ramp, it’s super hard to be in vertical climb mode and get everything right on the little details.”</p>\n<p>Paint issues also cropped up in December, Musk said, in the push to produce as many cars as possible before year’s end. “One of the things that was happening when we were ramping production was the paint wasn’t necessarily drying enough,” he said. “So, it’s like, if you go faster… it’s like, you just discover these things. Like, If we knew them in advance, we would fix them in advance.”</p>\n<p>“Production is hell,” Musk said.</p>\n<p>That could be worrying to future buyers, since TeslaTSLA,-2.07%plans to open new factories in Texas and Germany in the coming months, and start production of the Cybertruck pickup and the Semi big rigby the end of the year.</p>\n<p>Duringa harsh 2018 teardown, Munro compared Tesla’s Model 3 sedan with a shoddy, 1990s-era Kia. “I can’t imagine how they released this,” he said at the time. (Munrolater came aroundand liked later versions of the Model 3.)</p>\n<p>In the interview, Musk said he agreed with Munro. “I thought your criticism was accurate,” Musk said.</p>\n<p>Musk also admitted the seats in early versions of the Model S were terrible, “probably had the worst seat of any car I ever sat in,” Musk said, noting he used to call the seat a “stone toadstool.” That spurred a much more comfortable seat design in the Model 3, which Munro complimented.</p>\n<p>Munro isn’t the only one to criticize Tesla’s quality. Consumer Reports last year ranked Tesla second from the bottom on a reliability survey. “Only the Model 3 sedan is reliable,”Consumer Reports said in November, knocking the Model S, Model X SUV and Model Y compact SUV as subpar.</p>\n<p>That hasn’t hurt Tesla much though. The company delivered nearly 500,000 vehicles last year, and analysts expect that number to growto 800,000 this year. Tesla shares have skyrocketed more than 480% in the past 12 months.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don’t buy a Tesla during a production ramp, Elon Musk warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon’t buy a Tesla during a production ramp, Elon Musk warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 10:47 GMT+8 <a href=https://www.marketwatch.com/story/dont-buy-a-tesla-during-a-production-ramp-elon-musk-warns-11612406222?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a new interview, Elon Musk agreed with some scathing criticism of Telsa Inc. vehicles, and advised against buying Tesla vehicles during a production ramp-up.\nThe extraordinarily candid interview — ...</p>\n\n<a href=\"https://www.marketwatch.com/story/dont-buy-a-tesla-during-a-production-ramp-elon-musk-warns-11612406222?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/164dc5093528f308c456aef1ad173b1e","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/dont-buy-a-tesla-during-a-production-ramp-elon-musk-warns-11612406222?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150284862","content_text":"In a new interview, Elon Musk agreed with some scathing criticism of Telsa Inc. vehicles, and advised against buying Tesla vehicles during a production ramp-up.\nThe extraordinarily candid interview — even for an extraordinarily candid CEO like Musk — with engineering consultant Sandy Munro aired Tuesday on the “Munro Live” YouTube channel and podcast.\nMusk had a blunt answer when asked about quality control issues: “It took us a while to kind of iron out the production process. Friends ask me: ‘When should I buy a Tesla?’ And I’m like: ‘Well, either buy it right at the beginning, or when the production reaches a steady state. During that production ramp, it’s super hard to be in vertical climb mode and get everything right on the little details.”\nPaint issues also cropped up in December, Musk said, in the push to produce as many cars as possible before year’s end. “One of the things that was happening when we were ramping production was the paint wasn’t necessarily drying enough,” he said. “So, it’s like, if you go faster… it’s like, you just discover these things. Like, If we knew them in advance, we would fix them in advance.”\n“Production is hell,” Musk said.\nThat could be worrying to future buyers, since TeslaTSLA,-2.07%plans to open new factories in Texas and Germany in the coming months, and start production of the Cybertruck pickup and the Semi big rigby the end of the year.\nDuringa harsh 2018 teardown, Munro compared Tesla’s Model 3 sedan with a shoddy, 1990s-era Kia. “I can’t imagine how they released this,” he said at the time. (Munrolater came aroundand liked later versions of the Model 3.)\nIn the interview, Musk said he agreed with Munro. “I thought your criticism was accurate,” Musk said.\nMusk also admitted the seats in early versions of the Model S were terrible, “probably had the worst seat of any car I ever sat in,” Musk said, noting he used to call the seat a “stone toadstool.” That spurred a much more comfortable seat design in the Model 3, which Munro complimented.\nMunro isn’t the only one to criticize Tesla’s quality. Consumer Reports last year ranked Tesla second from the bottom on a reliability survey. “Only the Model 3 sedan is reliable,”Consumer Reports said in November, knocking the Model S, Model X SUV and Model Y compact SUV as subpar.\nThat hasn’t hurt Tesla much though. The company delivered nearly 500,000 vehicles last year, and analysts expect that number to growto 800,000 this year. Tesla shares have skyrocketed more than 480% in the past 12 months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
