Tesla is reportedly in early talks with Saudi Arabia on electric vehicle factory
Tesla (TSLA) is in early talks with the electric vehicle maker to build a manufacturing facility in the Saudi Arabbia.
Sources told the Wall Street Journal that Saudi Arabia has been offering Tesla (TSLA) the perk of being able to purchase certain quantities of metals and minerals the company needs. One of the proposals under consideration involves extending financing to commodities trading giant Trafigura to help Tesla (TSLA) secure needed minerals from nations such as Congo.
Neither Tesla (TSLA) or Saudi officials had confirmed the reported talks at the time of publication. Looking back a bit, Tesla (TSLA) CEO Elon Musk rattled investors back in 2018 when he tweeted that the company had secured funding from Saudi Arabia's Public Investment Fund to take the company private.
Saudi Arabia has made a stronger push into the electric vehicle sector over the last two years.
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Tesla is not car company. If your still on that train, you need to read. Tesla owns the data that no other company (regardless of type) has. Ford, GM, foreign car companies, could never build. Time is not on their side.
This company is a winner long term. TSLA still in its infancy and will be continously growing the next 10 years at least. More splits and increase in stock value are in the horizon.
Lowering margins is a normal trend for an expanding business. Additionally, it puts a tremendous pressure on the competition which still works with negative margins
Don't pay attention to daily fluctuations. TSLA is not a daily trade, it's a long term hold. If possible load more on down days and enjoy the ride.
Nvidia is making investments in startups, planning to invest in ARM, and focusing products and software on the needs of particular industries.
Tesla has been most traded stock for these months, and they missed it completely… This is why I trust myself more than some analysts….
Tesla margins are in a league of their own.