In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
In fact, PACCAR made enough money to report $2.842 billion in cash and equivalents and $1.081 billion in short-term investments on 31 March 2019. Thus, PACCAR was able to accumulate $3.924 billion in cash and short-term investments without burning through large amounts of cash like Tesla.
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PACCAR’s success shows that building heavy trucks would be a smart and profitable move for Tesla. PACCAR is also a good investment for average people while Tesla is not. Buying PACCAR might be a good way to invest in electric vehicles and avoid Tesla’s overpriced stock.
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In addition, Avis Budget is a big player in the short-term rental market through its Zipcar subsidiary. I think short-term rentals will be one of the biggest uses for autonomous vehicles.
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Those looking for a stock to short need to take note. Lockheed could collapse totally if the drone attack leads to peace in the Middle East and a US pullout from that region. To clarify, I suspect a massive cutback in American military forces and spending will follow any U.S. pullout from the Middle East.
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Such valuations definitely justify Waymo’s business plan of providing the operating systems for other companies’ autonomous vehicles. That includes Peterbilt semi-tractors in Atlanta, Chrysler Pacific Minivans in Phoenix, and Jaguar IPaces in Arizona.
A huge advantage is to this plan is that the manufacturing is left to the companies that specialize in it. A great benefit is that Chrysler Fiat (NYSE: FCAU), Tata Motors (NYSE: TTM), and PACCAR (NASDAQ: PCAR) take many of the risks. Tata owns Jaguar and Peterbilt is a PACCAR subsidiary.
Waymo avoids the expense of building a factory and setting up dealerships, and all the trouble of dealing with the United Auto Workers (UAW). Companies with existing factories, supply chains, dealerships and union contracts take the risks.
What was scary was that the Free Cash Flow shrank as the revenues grew – falling to -$699 million. Federal Express has to spend more money to move more freight to generate more revenue, yet ends up with less cash at the end of the day.
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Sysco is the largest buyer of the Tesla Semi yet; the second largest buyer is brewer Anheuser-Busch (NYSE: BUD), which has pledged to buy 40 semis. Walmart (NYSE: WMT) has plans to buy 15, the J.B. Hunt trucking company will buy several, and Canadian grocer Loblaw’s has placed an order for 25.
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Another good question to ask is does Tesla have the money to build the electric semi? The financial report’s answer is no, no, and no.
Tesla is burning cash like crazy and there seems to be no end in sight. The financial numbers also tell us where Musk got the money to finance the semi project from, he borrowed it.
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Paying every citizen in the United States $1,000 a month would grow the economy by 12.56% in eight years, a report from a left-wing think tank called the Roosevelt Institute claims. That would certainly be better than the 1.6% U.S. GDP growth rate reported in 2016.
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The nine-ton (18,000 pounds or 8,165.66 kilograms) AEOS is a Class 7 heavy-duty truck that runs off a 140-kilowatt hour battery pack, Forbes reported. The AEOS is capable of pulling a 22-ton (19,958 kilograms) trailer for up to 100 miles (160.934 kilometers).
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