How many years was NUMMI closed before it reopened ?
*Investors Blog*
- Thread starter Warstud
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How many years was NUMMI closed before it reopened ?
Thanks. I’ll make sure to point that out!
GM operated the Fremont plant from 1962 - 1982; our '65 4-4-2 was built there. They also made El Caminos, trucks, etc.
NUMMI built the 1st Nova (nice small car, like a Toyota) in 1884. The 1st Corolla/Prizm came in 1986. 1991 brought the Toyota PU; I had a '93 that went over 500K. By 2009 GM was facing Chapter 11 bankruptcy. The Fremont Mayor and Gov Swarzenegger lobbied to keep the plant open, but to no avail. Toyota pulled out in 2010. At the time they were building a Tundra line. On April 1, 2010, NUMMI produced its last car. About 5,000 employees were laid off.
In May 2010 Tesla announced they would purchase the site for $42M from Toyota, well under market value. It was a sweetheart deal. I remember the 2 page ads in the SJ Mercury-News encouraging ex-NUMMI workers to apply.
Tesla officially took possession of the site on October 19, 2010, and started work inside on October 27. The state of California awarded Tesla $15 million in tax credits if employment and investment goals were met. The first retail delivery of the Tesla Model S took place during a special event at the factory on June 22, 2012.
Tesla started production with 1,000 workers. By 2013, this had risen to 3,000, and to 6,000 people in June 2016. In 2016, preparing for Model 3 production, Tesla planned to increase their work force to about 9,000 people. In fall of 2017, Tesla employed some 10,000 at the Fremont plant. As of 2022, the factory employed about 22,000 people, far greater than the 5,500 employees of NUMMI, and produced nearly 560,000 vehicles, 30 percent more than the maximum output of NUMMI.
In addition, there is a significant number of contract personell.
An American success story!
I suspected this was a possibility.
98% of Canadian oil gets exported to the US
The U.S. has been a net energy exporter since 2019. This means that the U.S. exports more energy than it imports.
If we flipped the switch, what would be the end result ?
Very impressive what Tesla did in 15 years.
Got to give them credit for being extremely innovative and not thinking like the Big 3.
Not sure what your asking - if we flipped what switch?
If the tariffs came back on? If so, we would likely either keep buying it (most likely) or we would source it from somewhere else in the world - middle east or South America. Its a commodity, so its price plus transport. Ultimately the goal I am sure is to build more refineries or convert more to take US oil. That takes years though. So the price would level at price + transport = same price as getting it somewhere else. Who eats the cost - buyer or producer - depends on the transport price.
Tariffs are typically an ends to a means.
People see hear and read what they want. I’ll say it again the talking heads are blinded. Why follow them through the forest?
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2 days ago I would have agreed, but now I cannot disagree more now. The immediate willingness of certain leaders to not just respond to a country, but to giddingly target very specific groups, opened my eyes.
Here we are with a pause in the tariffs. To be honest the viewpoint from at least western Canada is that we are not torn up about securing the border, and certainly it’s much easier done than on the Mexican border. Also, many are in favour to throw in the money to pay the full 2% share of NATO membership. So let’s gets this straightened out and resume out trade. Also let’s not get Canada confused with Mexico.
4WD
$50 site donor 2025
Ok fine - Gulf of North America it is …Here we are with a pause in the tariffs. To be honest the viewpoint from at least western Canada is that we are not torn up about securing the border, and certainly it’s much easier done than on the Mexican border. Also, many are in favour to throw in the money to pay the full 2% share of NATO membership. So let’s gets this straightened out and resume out trade. Also let’s not get Canada confused with Mexico.
Si señor!Here we are with a pause in the tariffs. To be honest the viewpoint from at least western Canada is that we are not torn up about securing the border, and certainly it’s much easier done than on the Mexican border. Also, many are in favour to throw in the money to pay the full 2% share of NATO membership. So let’s gets this straightened out and resume out trade. Also let’s not get Canada confused with Mexico.
Owen Lucas
$100 Site Donor 2023
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It was literally that easy, there didn't have to be any posturing. This could have been agreed to in Mar-a-Lago when Trudeau went there in November. He has to resist for the headlines.
Maybe, but it ain’t over till the fat lady sings. We’ll see in a month.
Owen Lucas
$100 Site Donor 2023
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It takes 2 to tango. I trust the US border patrol will be sufficient, but why not have the other side make it easier as well? Time to for Canada to pay their fare share.
Considering the previous admin virtually killed border security and Canada apparently turned a blind eye (Roxham Road etc.), one can see that the entire fentanyl crisis is done on purpose or at least grave non-feasance. Someone knows what they are doing, and its being done on purpose.
Previous admins and Canada's friendliness with China makes one wonder as well, considering flooding the US with fentanyl is a form of asymmetric warfare. There are many gov't and private studies confirming this. Remember the opium wars? This is 2.0 but lets try and destabilize the country.
China is flooding the Americas with fentanyl and precursors.
We know this.
We don't enforce the borders.
250k people die.
I don't know if she is singing or not, but I uderstand she just tried to ride in a LYFT. It didn't go so well.
https://nypost.com/2025/01/28/us-ne...after-driver-said-she-couldnt-fit-in-his-car/
Yup, smart move. That’s what happens when you’re dependent on other people they control you.
Up up and away!
Don’t know what will stop this market.
Gosh, META is killing it, someday I might love it just as much as WMT.
And I’m not feeling too bad about having the spare change in AMZN (for now)
Don’t know what will stop this market.
Gosh, META is killing it, someday I might love it just as much as WMT.
And I’m not feeling too bad about having the spare change in AMZN (for now)
