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Drew Dowdell

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Everything posted by Drew Dowdell

  1. Drew Dowdell
    Last Tuesday, Tesla CEO Elon Musk tweeted that the company would produce "around 500,00" cars in 2019, a large increase over the goal of 400k vehicles the company previously forecast in January. Musk later corrected himself and said that is meant "annualized production rate at the end of 2019 probably around 500k". The problem with this tweet is that back in October, Tesla and Musk had entered into a settlement with the SEC that Musk's public statements regarding Tesla production, finances, and other such matters would be reviewed by the company's board of directors before they were posted. The settlement stems from a fraud case where Musk tweeted that "funding has been secured" to take Tesla private, a tweet that later turned out not to be true. Tesla's lawyers acknowledged to the SEC on Friday that the posts in question had not been reviewed. Yesterday, the SEC filed a motion with the Federal District Court in Manhattan that claims Musk had "violated the court’s final judgment by engaging in the very conduct that the preapproval provision of the final judgment was designed to prevent.". Further, the tweet had gone out to 24 million followers. Musk argues that the substance of his tweets had already been vetted, approved, and publicly disseminated. The defense comes from Telsa's earning report which had a forecast production of between 350,000 to 500,000 cars. The federal judge has a range of options from imposing a fine, impose restrictions on Musk's use of Twitter, or even set up for a later removal of Musk as CEO. Tesla stock dropped about 3% in the hour directly after the motion was filed. Related: Tesla Model 3 "Recommended" Rating Rescinded by Consumer Reports Tesla Laying Off 7% of Workforce Tesla Dials Backs Production Hours on Model S and X View full article
  2. Drew Dowdell
    More information about "Elon Musk's Tweet Lands Him in SEC Crosshairs Again"
    Last Tuesday, Tesla CEO Elon Musk tweeted that the company would produce "around 500,00" cars in 2019, a large increase over the goal of 400k vehicles the company previously forecast in January. Musk later corrected himself and said that is meant "annualized production rate at the end of 2019 probably around 500k". The problem with this tweet is that back in October, Tesla and Musk had entered into a settlement with the SEC that Musk's public statements regarding Tesla production, finances, and other such matters would be reviewed by the company's board of directors before they were posted. The settlement stems from a fraud case where Musk tweeted that "funding has been secured" to take Tesla private, a tweet that later turned out not to be true. Tesla's lawyers acknowledged to the SEC on Friday that the posts in question had not been reviewed. Yesterday, the SEC filed a motion with the Federal District Court in Manhattan that claims Musk had "violated the court’s final judgment by engaging in the very conduct that the preapproval provision of the final judgment was designed to prevent.". Further, the tweet had gone out to 24 million followers. Musk argues that the substance of his tweets had already been vetted, approved, and publicly disseminated. The defense comes from Telsa's earning report which had a forecast production of between 350,000 to 500,000 cars. The federal judge has a range of options from imposing a fine, impose restrictions on Musk's use of Twitter, or even set up for a later removal of Musk as CEO. Tesla stock dropped about 3% in the hour directly after the motion was filed. Related: Tesla Model 3 "Recommended" Rating Rescinded by Consumer Reports Tesla Laying Off 7% of Workforce Tesla Dials Backs Production Hours on Model S and X
  3. Drew Dowdell
    Because the Ford doesn't come with a lame 2.5 liter base engine. The ST has real performance chops, and the Lincoln Nautilus still costs more when you equip them the same way.
  4. Drew Dowdell
    Yeah, but the Blazer is a base 4-cylinder. The point was that when you put the same equipment in the vehicles, they cost the same money. That shouldn't be... Cadillac still has a nicer interior (even if I don't personally care for the design) and more prestige. It should cost more and the Chevy should cost less.
  5. Drew Dowdell
    Why? At least it's better than the Chinese cars. Peugeot has been building cars for a long time.
  6. Drew Dowdell
    PSA has been mulling a return to the United states since at least 2014. We reported in March of 2016 that DS was the most likely brand to mark the return of the French automaker to these shores. Now, PSA has made the announcement that Peugeot has been the brand selected, beating out Citroën, DS, and the recently acquired Opel brand. Peugeot left the U.S. market in 1991 after selling only 4,292 vehicles the year prior. PSA will start in 15 U.S. states and 4 Canadian provinces that have a higher rate of import vehicle sales. The vehicles would be sourced from both Europe and China. No firm time frame has been announced for the arrival of Peugeot in the U.S., the company only states that it wants to have its vehicles here by 2026. View full article
  7. Drew Dowdell
    More information about "Peugeot Selected As Brand for PSA's Return to U.S."
    PSA has been mulling a return to the United states since at least 2014. We reported in March of 2016 that DS was the most likely brand to mark the return of the French automaker to these shores. Now, PSA has made the announcement that Peugeot has been the brand selected, beating out Citroën, DS, and the recently acquired Opel brand. Peugeot left the U.S. market in 1991 after selling only 4,292 vehicles the year prior. PSA will start in 15 U.S. states and 4 Canadian provinces that have a higher rate of import vehicle sales. The vehicles would be sourced from both Europe and China. No firm time frame has been announced for the arrival of Peugeot in the U.S., the company only states that it wants to have its vehicles here by 2026.
  8. Drew Dowdell
    Not really. It still looks like someone melted a 1999 Taurus in the microwave.
  9. Drew Dowdell
    That's to die for!
  10. Drew Dowdell
    Yeah, the Ranger is the anomaly now, but in a good way.
  11. Drew Dowdell
    omg how silly of me... I was shopping for a $23k basic single cab small pickup.... I should have considered a $93k sedan instead.
  12. Drew Dowdell
    That's the base engine.
  13. Drew Dowdell
    Mercedes was the first car? Lol no. 1803
  14. Drew Dowdell
    Chevy isn't supposed to be competing directly with Cadillac on the same class of model for the same price.
  15. Drew Dowdell
    The problem back then was that the domestics didn't hide the platforms that much. A Cavalier was too close to a Skyhawk was too close to a Cimarron. Chrysler probably did the best job with differentiation on the K-Car. But you're right... it was not a foreign idea to build modular platforms like this.
  16. Drew Dowdell
    yeah, it is a bit of a head scratcher on the battery pack. Maybe there isn't enough room in the car in these platforms that weren't designed from the start to be hybrid. MLB was designed for first release to the public way back in 2007, so maybe there needs to be an MLB update to support hybrids better.
  17. Drew Dowdell
    The Tiguan starts at $24,295, and a Golf (which this is closely related to) is $21,845, so maybe they can't price the T-Roc low enough to fit under Tiguan and still make a profit on it.
  18. Drew Dowdell
    It depends on how they went about it. If they just used Prius as a name for their Hybrids, that probably would have been fine. "Toyota Highlander Prius" rolls off the tongue easier than Toyota Highlander with Hybrid Synergy Drive. If they created a whole separate model lineup for Prius like they did for Scion, then no, I don't think that would have worked out, especially now with everyone introducing hybrid versions of everything.
  19. Drew Dowdell
    And the lease rates on it aren't pretty either... I can't get into the build and price site at the moment, but last I looked it was something like 6.5% when the XT5 is like 0.75%
  20. Drew Dowdell
    What's wrong with them? Do they suit the purpose of the truck? Not everything needs to go to a 2.0T thanks.
  21. Drew Dowdell
    Type-R is usually delayed by a year after the new model comes out, so there may be a gap.
  22. Drew Dowdell
    Yeah. Civic sales were down 13.9% last year. I'm surprised though that 1/3 of them were hatchbacks.
  23. Drew Dowdell
    A Golf R starts at $40,395 here in the US. The T-Roc would likely be at least that.
  24. Drew Dowdell
    What do you mean... quality issues?
  25. Drew Dowdell
    Very... this is a sharp lil crossover... and with that powertrain it might even coax me into a VW showroom.
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