@garyblack00 Cars are not homes... People need to live in homes for other reasons other than investments. Move for better neighbourhoods/schools etc.., people don't have to own an electric car, or buy a new car in general
Finally legacy automakers are saying EV is the future. People are holding off on purchasing gas cars. Elon just gave the world a reason to only purchase Tesla EVs by giving a massive price cut. Is this the ultimate Checkmate move on Legacy auto makers? @elonmusk@TroyTeslike ?
@patten1962@DesktopMetal If DesktopMetal continues to create press releases for every major sales they do, the market will start being desensitized... This is non-standard for most companies.
@ricfulop I got mine yesterday. Pretty impressive. It handled some pretty difficult situations. However it remains to be seen how they can solve for more challenging edge cases
@patten1962 @Miketrades2020 This $9M deal was likely committed to Q4, backed into their forecast. Closing the deal means less risk of not meeting their revised Q4
It is not customary for companies to release press releases for every every major deal. DM needing to do that too prop stock is seen as a risk
@Miketrades2020 Repeat orders means their Shop systems continue to provide concrete value to their manufacturing processes (MP). Typically MP takes many months to years to plan... Once Shop was chosen early on, it is hard for them to deviate other solutions in their system with sig
rework
@xchgkaizen @Miketrades2020 For $9M, you would imagine they got to skip the line to ensure they recognize revenue for Q4... There is no way in hell they will prioritize smaller orders.
@Miketrades2020 This is certainly a positive sign from a revenue risk respective to the revised Q4 forecast, but likely this $9M deal was already committed as part of that number hence, the stock price barely moved.
@AhmedAb84859591 @Miketrades2020 Especially after an epic fall in revenues that not all of their competitors are experiencing. The stock rose on news that they are doing deeper than expected cuts, but is that a reason for optimism? Or signs of more pain to come?
@AhmedAb84859591 @Miketrades2020 They kept throwing around the 80 number of p50 lined up buyers. Why is there still only one sale this whole year?as much as I am still a desktop metal fan, Iβm starting to see the holes in their story.
@MJD007 They donβt have plenty of cash. Iβve held since day one and double downed at $1.28.I am not sure if I qualify for having weak hands lol. I recommend studying the facts. The fundamentals of this business has shifted dramatically.
@AhmedAb84859591@wildace I agree. I just worry for the near term which could impact any potential of having a future at all. They are burning cash at an alarming rate and revenue growth is not in reverse. Scary. Of course I could be wrong and I hope to be wrong. I wish you luck short and long term.