Welcome to TheOhioOutdoors
Wanting to join the rest of our members? Login or sign up today!
Login / Join

Investing in Cannabis

Funny thing to add to the conversation, I work at an engineering company and we design for a company that builds assembly (line) equipment for automotive companies. We had one of their project managers over to line us up on a new station we were to design and the topic of EV's came up as that focus is starting to impact some of our work. He said that even the big 3 engineers are so reluctant to see so much focus put on them so fast simply because the electric infrastructure across the country isn't even close to being ready to support it. Basically he was told if you had 3 EV's in your neighborhood all plugged in with the fast charging stations at the same time you likely would blow the power grid in that area. The reality is the entire country is not ready for this.
 

Chass

Active Member
2,177
52
The Hills
Funny thing to add to the conversation, I work at an engineering company and we design for a company that builds assembly (line) equipment for automotive companies. We had one of their project managers over to line us up on a new station we were to design and the topic of EV's came up as that focus is starting to impact some of our work. He said that even the big 3 engineers are so reluctant to see so much focus put on them so fast simply because the electric infrastructure across the country isn't even close to being ready to support it. Basically he was told if you had 3 EV's in your neighborhood all plugged in with the fast charging stations at the same time you likely would blow the power grid in that area. The reality is the entire country is not ready for this.
I kind of doubt that, I think they use a 60 amp service so that's like saying 3 dryers running in Columbus at the same time would blow the grid. You're onto something with the reliance of the power grid for travel being bad but it's not that bad. If we all went to EV tomorrow and then have a black out, theres gonna be mass panic. Especially if there are any other issues that pop up besides the grid.
 

Jackalope

Dignitary Member
Staff member
33,952
212
Read this today regarding Tesla.


There's no denying the strong growth trajectory of Tesla's business. The company delivered about 368,000 vehicles in 2019 -- up 50% year over year. This performance was driven primarily by a more than doubling of the company's Model 3 deliveries. The vehicle, which is Tesla's most recently launched electric car, accounted for 82% of deliveries during the year.

To understand just how extraordinary Tesla's momentum is, it's helpful to zoom out a few years. The company wrapped up 2019 with nearly $25 billion of revenue. That compares with sales of about $3 billion only five years ago. More importantly, the company has gone from burning through billions of dollars of cash annually to generating about $1 billion of free cash flow in 2019 -- and management believes positive cash flow, for the most part, is here to stay.
 
I kind of doubt that, I think they use a 60 amp service so that's like saying 3 dryers running in Columbus at the same time would blow the grid. You're onto something with the reliance of the power grid for travel being bad but it's not that bad. If we all went to EV tomorrow and then have a black out, theres gonna be mass panic. Especially if there are any other issues that pop up besides the grid.

Asked my boss more about it, if I misunderstood what was said, and he said the PM was talking about the quick chargers, one's that would charge a vehicle in like 10 minutes. Not sure what the difference in wiring and electric demands that would be??
 

hickslawns

Dignitary Member
Supporting Member
35,537
191
NW Ohio
Tesla's reported $105 million in net income for the fourth quarter of 2019 was due entirely to the sale of $133 million in government-issued tax credits. The company continues to lose money on every car it sells.

A little excerpt from a financial newsletter I subscribe to. I won't deny 368,000 is a lot. When they say they are producing a million a year and miss production numbers by nearly 2/3 the mark.. . .not great business.
 

Jackalope

Dignitary Member
Staff member
33,952
212
Tesla's reported $105 million in net income for the fourth quarter of 2019 was due entirely to the sale of $133 million in government-issued tax credits. The company continues to lose money on every car it sells.

A little excerpt from a financial newsletter I subscribe to. I won't deny 368,000 is a lot. When they say they are producing a million a year and miss production numbers by nearly 2/3 the mark.. . .not great business.

Interesting. Per Forbes they promised 360k units in 2019 and delivered 368k.

https://www.google.com/amp/s/www.fo...q4-deliveries-reflect-on-its-bottom-line/amp/
 

hickslawns

Dignitary Member
Supporting Member
35,537
191
NW Ohio
Interesting. Per Forbes they promised 360k units in 2019 and delivered 368k.

https://www.google.com/amp/s/www.fo...q4-deliveries-reflect-on-its-bottom-line/amp/

I'll be honest. Tesla is the whipping boy for this publication. Too tired and too lazy to look it up. Memory says it was a good while back. Roughly a year ago I read it. Memory could be foggy. Or that could have been 2018 projections. Or publicly Tesla puts out projection numbers. . . But on social media Elon throws out ridiculous numbers they are referencing.
 

CJD3

Dignitary Member
Supporting Member
13,234
155
NE Ohio
Haaay man.
Like Get back
On track man.

92ABE8BD-D1B5-496F-B6F7-A124EA9E716B.jpeg
42CA93A5-1E51-4686-8033-AD5AEA248E43.jpeg
 
Last edited:

Jackalope

Dignitary Member
Staff member
33,952
212
I'll be honest. Tesla is the whipping boy for this publication. Too tired and too lazy to look it up. Memory says it was a good while back. Roughly a year ago I read it. Memory could be foggy. Or that could have been 2018 projections. Or publicly Tesla puts out projection numbers. . . But on social media Elon throws out ridiculous numbers they are referencing.

Do t get me wrong. I wouldn't touch Tesla stock with a 10 foot pole now. I personally think it's a trendy bubble.
 

jagermeister

Dignitary Member
Supporting Member
16,664
166
Ohio
Well so far my two cannabis stocks are taking a little hit. But I’m not concerned. I’m currently viewing this as “casino money.” If I make a little bit that’ll be a bonus. Right now it’s just kinda fun.

As for Tesla... I think it’s foolish to underestimate the mind of Elon Musk. Here’s what he said back in 2006. That’s right, 14 years ago...
34C8CBE6-132F-4991-9645-BC95E5B218E3.jpeg
 

5Cent

Senior Member
Supporting Member
9,499
145
North Central Ohio
I firmly believe buying cannabis now is the right thing as long as the steam keeps up and the Feds fix the banking portion. It's just a gamble, like u said, sitting in a casino.

I think Tesla will be a good investment someday, especially with SpaceX being under the same umbrella. SpaceX is killing it in the private space race. It's just too early, volatile and over priced for my blood currently.
 
  • Like
Reactions: jagermeister

Chass

Active Member
2,177
52
The Hills
I firmly believe buying cannabis now is the right thing as long as the steam keeps up and the Feds fix the banking portion. It's just a gamble, like u said, sitting in a casino.

I think Tesla will be a good investment someday, especially with SpaceX being under the same umbrella. SpaceX is killing it in the private space race. It's just too early, volatile and over priced for my blood currently.
Wouldn't be surprised if we see an IPO with SpaceX within a year or two. But they're seperate companies so SpaceX doing well means nothing for Tesla. Now if SpaceX is putting SolarCities solar panels all over the Starlink sats that would do well for Tesla, but I think they're more for homes.
 

aholdren

Well-Known Member
Supporting Member
4,921
113
South East Ohio
What oil did today kicks TSLA in the ass .... who needs them when gas prices are going to near $1.50?????????


Oil at these prices will put me in the job hunting market after 30 plus years,,, It will be what it will be.. You'll never make me believe Corona is solely responsible...........

Amazing how TSLA can be the elite shit and in just a few months not be...
 
  • Like
Reactions: jagermeister

jagermeister

Dignitary Member
Supporting Member
16,664
166
Ohio
What oil did today kicks TSLA in the ass .... who needs them when gas prices are going to near $1.50?????????


Oil at these prices will put me in the job hunting market after 30 plus years,,, It will be what it will be.. You'll never make me believe Corona is solely responsible...........

Amazing how TSLA can be the elite shit and in just a few months not be...
Yep, textbook example of the volatility of the market for certain ventures. Really glad now that I didn’t jump on the TSLA train when I had the urge. Who knows though... give it some time and it could bounce back even higher.

I was looking last night... You know if you would’ve bought $10k of Amazon stock back in ‘97, and paid $1.50 per share, that money would now be worth over 12 million dollars!!! And that’s even after what’s transpired this week. That’s crazy stuff. It’s impossible to predict where any of these tech companies will be in the next 20 years.

On another note, my cannabis stocks are in the shitter by the way. 😂