Actually, I might disagree with you on that.
One thing that Tesla has been good at is producing cars without the liability of their legacies. Clean sheet and fresh manufacturing ideas and processes. But their cars are getting stale.
Time to buy TESLA?
- Thread starter Javacup11
- Start date
Actually, I might disagree with you on that.
One thing that Tesla has been good at is producing cars without the liability of their legacies. Clean sheet and fresh manufacturing ideas and processes. But their cars are getting stale.
I just don't think that's true anymore.
So much of that sex appeal was based on the Cult of Elon and the fact no one else was in the market in a big way.
Both of those things have changed and while I don't think Tesla will completely implode, I'm not sure it even stays where it is at right now.
As a former Tesla bull who just came to his sense I'm begging you not to invest in this company.
Company is borderline fraudulent.
For instance, they promised Robotaxis in 2020 and said all existing cars could become income generators for owners at the exact same time they were low on cash and needed to sell stock.
Musk just sold a bunch of stock after promising not to sell merely 4 months ago.
Never invest in a company that has no issue compulsively lying about things.
There's like 100 other reasons not to.
Check out these links and maybe you'll come to your senses.
www.reddit.com
en.wikipedia.org
.
Company is borderline fraudulent.
For instance, they promised Robotaxis in 2020 and said all existing cars could become income generators for owners at the exact same time they were low on cash and needed to sell stock.
Musk just sold a bunch of stock after promising not to sell merely 4 months ago.
Never invest in a company that has no issue compulsively lying about things.
There's like 100 other reasons not to.
Check out these links and maybe you'll come to your senses.
Reddit - Dive into anything
www.reddit.com
Criticism of Tesla, Inc. - Wikipedia
en.wikipedia.org
George12, I want to make one thing very clear, as someone who has just lost a ton of money with Tesla: You are absolutely right.As a former Tesla bull who just came to his sense I'm begging you not to invest in this company.
Company is borderline fraudulent.
For instance, they promised Robotaxis in 2020 and said all existing cars could become income generators for owners at the exact same time they were low on cash and needed to sell stock.
Musk just sold a bunch of stock after promising not to sell merely 4 months ago.
Never invest in a company that has no issue compulsively lying about things.
There's like 100 other reasons not to.
Check out these links and maybe you'll come to your senses.
Reddit - Dive into anything
.Criticism of Tesla, Inc. - Wikipedia
Watch the series: debunking Elon Musk.
Part of me is in denial, and I am wavering back and forth, but I now know Elon is a complete fraud.
The hard part is that he's been successful in many areas, so it's not black and white. Things such as NFTs are very easy to spot as scams, but Tesla is much harder.
He is a pathological liar and his only concern is for himself.
You can tell by his history that he is very, very unethical. And he's full of himself and bullshit.
For example, when he offered to build a submarine to save the boys in the Thai cave, he was told correctly that a submarine could not fit through the narrow bottleneck. He called the guy a pedophile, and was sued.
He is also not the genius he pretends to be. He never founded Tesla or PayPal. Tesla, he took over, and forced out the founding members. He promised one of them one of the first Teslas off the line. Instead, he shot it it up in space.
He abused his ex-girlfriends emotionally, apparently. Telling one of them at their wedding that he was the alpha in the relationship.
Watch this clip to see how full of shit this man is. He knows he is lying, yet is lying to prop up the stock:
But that's not even the worst.
He lied, saying that he would not sell any more stock. Yet, he broke that promise four times in the last year. He doesn't care about how it affects the very people who made him rich and invested their money with him. In fact, on Twitter, he mocked Ross Gerber, a hedge fund manager who invests heavily in him.
He promoted shady crypto such as dogecoin, and many people lost everything.
He lied about demand in China not slowing down. Then lied that there would be no scheduled shutdown of the plant. It turned out to be true.
Just recently, he told Twitter to take down the Suicide help resource, a notice to help desperate people who could contact a number for help. There was a media outcry, and he later put it back. Then he tweeted, "Not true, It's still there."
/cloudfront-us-east-2.images.arcpublishing.com/reuters/YSNNZTFBCRNDLKZIZ4CE2EWETU.jpg)
Twitter restores suicide prevention feature after Reuters report
The social media platform came under pressure from some users and consumer safety groups over the removal of the feature.
www.reuters.com
He is supporting right wing conspiracy theories, and I saw a racist post retweeted by Musk today. It was an article by Scientific American on black women and obesity. He basically called it a scam.
His lack of ethics is shocking. He has had thousands of monkeys killed and many have died excrucating deaths. He said the mssion of Neuralink was to interface with Aritifical Intellligence. Everyone knows this is a scam. There have been videos of experts who worked there saying Elon has no idea what he's talking about. Because of the pressued cooker environment, and lack of ethics, he has caused many animal deaths and pain.
His mission to Mars is a complete scam. He knows it's not going to happen.
His boring tunnels are a joke. They are useless and utter failures. So was solar city.
So why is he so popular? Because he promises futuristic technology.
And this is why this next clip is SO telling. When a reporter tells him that he's a businessman (which of course he is), he denies it strongly. This is to give the illusion that he doesn't care about money. That he's a genius who is only inspired about delviering futuristic technology.
- YouTube
Bekijk je favoriete video's, luister naar de muziek die je leuk vindt, upload originele content en deel alles met vrienden, familie en anderen op YouTube.
www.youtube.com
And this is why Teslas have all these gimmiks: door handles that retract and are flush with the body(but keep breaking). Steering yokes that look cool (but are dangerous in emergencies). Cybertrucks that have unbreakable glass (but are deadly in emergencies because no one can rescue you.)
Elon has been taking credit for stealing ideas and for the success of his top tier engineers who have built up Tesla and SpaceX.
The list of lawsuits is staggering:
List of lawsuits involving Tesla, Inc. - Wikipedia
en.wikipedia.org
He has also stopped paying rent at Twitter, stopped paying their promised severance packages, and fired many Twitter employees before the holidays. Then asked some to come back.
Tesla above all is simply a car company. It is nothiing more than that, despite all the smoke and mirrors, and he knows this.
That's why he is tryhing to hype Tesla up by promising more and more ridiculous things to drive up the value of Tesla. This is exactly why he introduced Teslabot. He said that this would drive the value of Tesla by a factor of 10. The same way he said FSD would increase the value of the car by 5. Teslabot is nothing more than a gmmick to drive up the value of Tesla. Same with robotaxis, which he's lied about for years. Robotaxis are not possible without fsd, which is nowhere near ready.
On a conference call, he hyped up Tesla, saying it would exceed the value of Apple and Saudi Aramco combined, which is $4 trillion. He drove up the price, only to dump his stock and send the price into free fall. He does not give one fuck about his investors.
I can go on and on and on, but this man is a complete shady con man who, I think is a psychopath. That's why he's been so succesful. Many people who are at the top are successful because they have no morals. They don't feel guilty about hurting others, and will do everything they can do get ahead, including lie, cheat and steal.
The deposits you have to put down for cars is a way for him to have interest free cash. He's kept that money for years, benefitting from it. That's another reason he's in no rush to deliver his products on time.
Anyway, I said in an earlier post that I believe Tesla will be succesful in the long run. I think, if run by someone else, yes.
But mark my words, his time will come, and when it does, he will bring Tesla down with it. He has his investors fooled. And these are not stupid people.
I know some Elon fan boys will roast me for this post, but I want to warn investors. Be warned.
As for me, I am sad to say I lost $100,000 in this scam. Hard earned money that my parents saved up for 30 years and gave me.
Last edited:
I am not going to sell my Tesla stock. I lost too much money, and want to get it back. I believe it will go back up in the short term. And as soon as it does, I'm out. I don't care that it will go up in five to ten years. I'd rather invest my money in a company not run by some deranged lunatic with no morals.
I think the stock will actually rebound. But after that, it's anyone's guess. 2023 is supposed to be a good year for Tesla:
$7500 tax credit
giga factories ramping up
cybertruck debut
I would say, yes, this is a good time to invest. But definitely don't hold long term because of Musk.
I think the stock will actually rebound. But after that, it's anyone's guess. 2023 is supposed to be a good year for Tesla:
$7500 tax credit
giga factories ramping up
cybertruck debut
I would say, yes, this is a good time to invest. But definitely don't hold long term because of Musk.
Last edited:
Tough decision pal.
There is also the "stranded cost" thing to think about.
It all depends on your entire financial situation. Maybe taking the loss now, this year can help offset any gains elsewhere?
If you can afford to lose, say 50% more without it adversely affecting your life essentials, then I'd actually stay in on the chance that it comes back in a few years. I don't think it will rebound in the next six months or so at least. If it is an inheritance you can probably afford to risk it without it fucking up your life. Might feel guilty for gambling with your parent hard earned money but you are where you are. If you bail out now, you will FOR SURE lose the money. And where would you put it anyways?
I sold because I am tired of watching the soap opera that is Elon Musk. I did well but I never fooled myself into thinking it was anything except gambling. And I walked away from the table ahead.
I am still happy to stay in on Space-X. It is money I made from profit taking on Tesla so I can afford to lose it. I'm happy to be in on the whole Starlink and rockets thing. The Mars thing is stupid so I hope the grown ups keep that in check while the good stuff gets done. But I have a feeling that Elon's behaviour is going to fuck it up too. If it hasn't already.
Around February, was the time to ditch Tesla, and never touch them again.
And about the same time, go all-in energy stocks and ride the oil wave, like I was telling you, all year long.
You were dead on. I should have sold when you said. I lost a ton of money since you told me to sell, mostly in tesla. meanwhile, oil stocks have soared.
I'm sorry for your loss, and that you didn't listen to my advice on energy. If it’s any consolation, most of the guys on this forum didn't listen to my advice!
The good news is that the energy bull run will continue in 2023. So, trade accordingly!
any specific stocks? Exxon, Occidental?
China has just announced that it will lift covid restrictions. I think this would be good for oil?
Last edited:
Warren Buffett talked about how over 100 years ago there were so many car companies(can't remember the exact amount, but hundreds I believe). Then we ended up with 3(Ford,GM, and Chrysler)in the U.S and even those companies did not make much money for shareholders.
They are good but I prefer Canadian energy stocks, because you get a dividend tax credit and I'm patriotic! CNQ is probably the most popular. You won't go wrong with them.
It's fine to sell at a loss in order to prevent further losses. What is not fine is watching your stock go down, month after month, hoping that it will eventually reverse course and go back up so that you break even.
But don't blame me if you lose money trading energy stocks!
For sure, since they are the largest oil importer. However their recovery from covid will be up and down, much like it was for the rest of the world, resulting in oil price volatility.
