I didn't realize anyone had actually made 3 at all in any kind of serious evaluation.
Time to buy TESLA?
- Thread starter Javacup11
- Start date
The odd thing is, I have been hearing all these same concerns from others pre 2019 before TSLA went up 1300%. Really nothing new for the bearish case for the past 5 years, yet they have started to turn a profit, are getting higher delivery numbers more than ever in record, giga factories all over the globe now. Plans for a giga factory in Indonesia now. Once they mature in Asia, I hope to dear god nobody here is short.
Elon musk sends a kkk message to his right wing base:
Like it or not, Elon is a powerful dude. He can affect share price with a simple tweet. That's not the type of company you want to short. And it's not the type of company that will stay down. TSLA is Elon's bread & butter to finance all his other ideas & backdoor deals. All of his companies (TSLA, SpaceX, BoringCo, AI, NeuroLink, etc) are data mining companies. He is going to rival Google with the amount and type of data his companies are collecting. And that is what makes him a powerhouse.
It's the same as when the McDonald's CEO said he's not in the sandwich biz, he's in the real estate biz. Elon's not in the car biz. He's in the data biz.
It's the same as when the McDonald's CEO said he's not in the sandwich biz, he's in the real estate biz. Elon's not in the car biz. He's in the data biz.
Everything's a monopoly nowadays. Might as well enjoy the incredible benefits of modern day life (ie, having everything at our fingertips) instead of being doom and gloom.
OK then. Tell that to the 24-hour news channels that constantly feed "doom and gloom" (as well as fear) into our brains on a constant basis.....go ahead, I'll wait....
Elon's message might be "incredible benefits for humanity", but his intent is very different.....everything is marketing pitch and not real.....
Elon Musk is being sued over his ‘funding secured’ tweet. Here’s what you need to know
New YorkCNN —
A four-year old tweet from Elon Musk has the Tesla CEO back in court starting Tuesday.
Musk, Tesla and other Tesla directors are facing a shareholder lawsuit over his now-infamous 2018 tweet, which said that he was thinking about taking Tesla private at a price of $420 a share. If he had ended the tweet right there, there wouldn’t still be coverage of it, or a lawsuit that seeks unspecified damages.
But he concluded it with two words that have resulted in Musk having to pay millions of dollars in fines and legal fees: “Funding secured.”
It turned out that while Musk had spoken to executives of the Saudi sovereign wealth fund about the money he would need to take Tesla private, the funding was anything but “secured.”
the battery in my Model 3 already needs to be replaced soon and it's only been 5 years. i'm trying to sell it as-is and get the Model Y
I sold $30,000 out of $100,000 at the bottom, but got back some gains with the rest.
I'm curious.
Anything driving this resurgence?
Just "it used to be so high, it must go up again, so let's buy the dip"?
Did they announce any earnings, details, new cars, anything?
Did the "Oh fuck, Musk is actually a fuck up" shock drive it down and people who thought it should have a higher value than a normal car company due to him manage to talk themselves out of their panic that he was actually full of shit and just bought back into the hype?
Theories?
Anything driving this resurgence?
Just "it used to be so high, it must go up again, so let's buy the dip"?
Did they announce any earnings, details, new cars, anything?
Did the "Oh fuck, Musk is actually a fuck up" shock drive it down and people who thought it should have a higher value than a normal car company due to him manage to talk themselves out of their panic that he was actually full of shit and just bought back into the hype?
Theories?
The stock was flat after earnings. However, during the earnings call afterwards, Musk bullshitted his way again, and said that demand was unbelievable (what else is he going to say?). But he then said that Tesla would only be able to deliver 180,000 vehicles this year, which is ony about 35% growth, compared to the 50% he has been promising.
In times like this, it's people buying back in after believing his crfap, those buying back in after tax loss harvesting) and then the people who buy the dip. Then the technical traders and momentum traders jump in. Finally, those that are FOMOing in jump on board. Also, this increcase sets off some algorithms and triggers buys at certain prices.
It's the exact reverse of the sharp drop. Those who sold initially had advanced knowlege of the bad delivery numbers (including Elon). This massive dump in shares, led to the sharp drop in prices. Then people had to sell because they were margin called. The technical traders and momentum traders saw the trend, and sold too. There was further selling triggerede by algorithms. Finally, there were those who panic sold and capitulated.
The reality is that Musk knows he's on borrowed time. Tesla is nowhwere near capable of FSD. Demand for his vehicles is slowing down, and he has had to resort to massive price cuts to prop up demand. But for how long? Tesla will be revealed to be only a glitzy car company, and it's PE ratio will be more in line with other car companies.
tell that to the people who cashed out in the dip
and even if they didn't . ..the reward to risk ratio wasn't there waiting for a further drop when it was like down 70 percent last yr ...those who bought the stock at a high should have continually dollar cost avg down
the sayings were never so true for some stocks
-be greedy when others are fearful
-it's time in the market, not timing the market ... similarly, if you miss the best 10 days in the market, your performance suffers badly
-those who keep saying it's a bull trap ...2nd point above
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