I see your point; I thought you were talking about tax incentives.
CA is the largest car market in the US, so yes this is incentive for manufacturers to build EVs.
I believe Germany is doing something similiar; another huge market.
Elon Musk #2
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CA is the largest car market in the US, so yes this is incentive for manufacturers to build EVs.
I believe Germany is doing something similiar; another huge market.
Up another $33 today, @ $555.
I may be upset that I didn't buy in earlier as well... Ha!
I was gonna buy the 1st week, which would been about $4 in July 2010. Heck of a deal!
Too chicken...
Just noticed you have a Tesla and 8 other cars.
Nice group.
I'd like to drive the Olds and the Vette.
The big boys like GM, Ford, Toyota and Honda.
They will get there as EVS are the future.
So what is it they do that drives the stock price other than car and battery manufacturing?
JHZR2
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Therein lies the real problem - insane valuations, and with it, Musk’s “riches”. They’re not realized until he sells his shares. Heck, TSLA doesnt even pay a dividend, so it’s all on paper. Would I love to have a fraction of those riches on paper? Sure.
I hold no animosity to Musk whatsoever. I’m glad he is making out so well with all this. I just don’t see the valuation of TSLA being real. When one company wi5 minimal products or industrial capability is valued at the sum of the next three or so competitors, which provide a vast majority of the world’s market and production, something is obviously misvalued.
And full disclosure, I went into TSLA in the mid-$300s. So I’m riding the train too, but I still don’t believe it.
At a minimum , they look more and more as an electric company. But they software is top notch, their self driving tech itself is worth billions. And have you seen how they automate the assembly line? No one in the world has anything close to their technology
JHZR2
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You don't think Tesla is worth more than GM, Ford, FCA, Honda and Toyota combined?
LOL, oh, is that the actual math?!? Even less sensible then...
We should replace the word "government" with the words, money from the paychecks of working people and companies. There is no "government" money.
Lets face it, Musk was a "rule breaker" as others have said a visionary and he got people and their money to back him up.
We never know what direction he may go, we can assume he already knows full well that electric cars will be available from every manufacturer in the world at every price point WHEN the public demands them.
I suspect much of this stuff is more for the patents and he will continue to forge ahead in directions that all the other mega corporations cant figure out. More or less make the impossible happen, who knows, he may one day have an affordable power course for your home, eliminating the need for centralized power plants. .
One thing that can be said though, people who invest in him are not looking for instant profits, that is the type of investment.
Many investors would not put up with an endless negative balance sheet for more then 3 months never mind 10 years and the current run up has only been one year because it is showing a profit and go figure, the stock selling at 1000 times its earnings.
More or less, the stock didnt go anywhere for 10 years when other stocks have.
Time will tell, Im not invested in it and I am not saying its a bad investment, just not for me, as its something I dont follow and know nothing about.
We never know what direction he may go, we can assume he already knows full well that electric cars will be available from every manufacturer in the world at every price point WHEN the public demands them.
I suspect much of this stuff is more for the patents and he will continue to forge ahead in directions that all the other mega corporations cant figure out. More or less make the impossible happen, who knows, he may one day have an affordable power course for your home, eliminating the need for centralized power plants. .
One thing that can be said though, people who invest in him are not looking for instant profits, that is the type of investment.
Many investors would not put up with an endless negative balance sheet for more then 3 months never mind 10 years and the current run up has only been one year because it is showing a profit and go figure, the stock selling at 1000 times its earnings.
More or less, the stock didnt go anywhere for 10 years when other stocks have.
Time will tell, Im not invested in it and I am not saying its a bad investment, just not for me, as its something I dont follow and know nothing about.
I just looked at some numbers, Tesla is producing and selling over 500k cars a year right now.
Yes the valuations are crazy....BUT, in 10-15 years when you go to buy a car there may only be electric vehicles available. And many people will automatically buy a Tesla because they were/are the leader in EV's. The other stuff that Musk is doing is absolutely awesome. WiFi worldwide by satellite is coming soon, if they can make it price competitive then get ready to see the cell phone AND internet provider markets turned on their heads.
Tesla also makes a solar roof that charges their powerbanks, someday we will not have local utilities. Musk has a head start on this industry as well.
He knows how to get what he wants, he has the ability to execute, he has the investors. If he can continue to execute there is no limit on TSLA.
Yes the valuations are crazy....BUT, in 10-15 years when you go to buy a car there may only be electric vehicles available. And many people will automatically buy a Tesla because they were/are the leader in EV's. The other stuff that Musk is doing is absolutely awesome. WiFi worldwide by satellite is coming soon, if they can make it price competitive then get ready to see the cell phone AND internet provider markets turned on their heads.
Tesla also makes a solar roof that charges their powerbanks, someday we will not have local utilities. Musk has a head start on this industry as well.
He knows how to get what he wants, he has the ability to execute, he has the investors. If he can continue to execute there is no limit on TSLA.
You are ignoring the inevitable rise to prominence of the Chinese auto industry. When they start to export and sell their products around the world (not just regionally) they will become an auto industry power to be reckoned-with. I should point out that they are currently leading the rest of the world in EV production and sales. The current auto industry leaders see this, which is why there is such a strong push to produce EVs, not so much because of Tesla in particular. IMO it won't happen in 5 years, but you will certainly see it happening in 10.
China as opposed to Korean? GM already has the Aveo.
And Ford had the Fiesta
VW... Still Mexico production?
Ford.. did they ever start Mexico?
The global Auto scene . Is GM still manufacturing Buicks in China?
If you think TSLA is overvalued, too high, or whatever, just wait until Dec 1st when it joins the S&P 500. Index funds and large cap funds are expected to create an $8B demand for shares.
JHZR2
Staff member
So you think that justifies in a practical way, a market cap higher than $500B, when other automakers who sell far more vehicles, have far more capacity, and in reality, tons of IP on their own, are only valued at a fraction?
I hope it pops, I do. I’ll make some more money. But it doesn’t mean that it’s real
Sounds more and more like the Q in Casino.
For China he's facing more and more the cost pressure between rising start ups and awakening giants – and the Model Y could get reasonable instrumentation soon. For Germany he announced a possibility of german teams designing smaller Teslas now – probably for old Europe where there's some folks needing to park them more urgently than needing no make 500 miles between their second and third job every day. Gotta love the visionary seeking ways to make money in the field.
More than ever "TSLA" is a piece of freedom now. As in principle one's free to see and rethink more than ever now. For an activip of course it's the enduring difficulty of not seeing ever more in it. As this for an activip must be principles.
For China he's facing more and more the cost pressure between rising start ups and awakening giants – and the Model Y could get reasonable instrumentation soon. For Germany he announced a possibility of german teams designing smaller Teslas now – probably for old Europe where there's some folks needing to park them more urgently than needing no make 500 miles between their second and third job every day. Gotta love the visionary seeking ways to make money in the field.
More than ever "TSLA" is a piece of freedom now. As in principle one's free to see and rethink more than ever now. For an activip of course it's the enduring difficulty of not seeing ever more in it. As this for an activip must be principles.
How about this
Most, if not all, new Cadillacs around the world will be electric within the next 10 years. No doubt, this will be a huge transition for a brand that currently sells no EVs, and recognizing this reality, General Motors is reportedly offering to buy out dealers who don't want to invest in the ambitious transformation plan.
According to Automotive News, the buyouts range from $300,000 to $500,000 per dealer. It won't be the first time Cadillac tries to trim its dealership network, but this is quite a large sum of money on offer. Dealers have until the end of November to accept the money.
"We wanted to move fast and make sure dealers are ready for the acceleration," Mahmoud Samara, vice president of Cadillac North America, told the publication. "This is purely an option for those dealers who feel the EV journey is not suitable for them."
Most, if not all, new Cadillacs around the world will be electric within the next 10 years. No doubt, this will be a huge transition for a brand that currently sells no EVs, and recognizing this reality, General Motors is reportedly offering to buy out dealers who don't want to invest in the ambitious transformation plan.
According to Automotive News, the buyouts range from $300,000 to $500,000 per dealer. It won't be the first time Cadillac tries to trim its dealership network, but this is quite a large sum of money on offer. Dealers have until the end of November to accept the money.
"We wanted to move fast and make sure dealers are ready for the acceleration," Mahmoud Samara, vice president of Cadillac North America, told the publication. "This is purely an option for those dealers who feel the EV journey is not suitable for them."
Tesla is a tech company; you are comparing it to traditional car companies.
They have sold about 1.2M cars in their short life; heck how many F-150s does Ford sell annually? And yet YTD F is flat and down about 40% over 5 years.
If anything, Tesla is a disrupter to the industry as a whole. And clearly the leader in EVs.
Name another car company that grew in 2020.
It is not what I think, it is what the market thingks. And TSLA is up, what, 500% this year?
The vast number of analysts have the stock at hold or outperform; very few sell recommendations.
In my opinion, many look at Tesla wearing their short term glasses. I take the opposite position.
Here is an article from Barrons that illustrates this point of view:
Barrons
I appreciate your comments. All good.
Good point and agree. It seems all of his companies rely on money from the paychecks of working people and companies.
Yes and that will increase as one of the Korean plants was closed. Production is shifting to Shanghai.
The China automobile market is growing by leaps and bounds. The Chinese automakers do deserve to be watched. Americans tend to ignore what is happening over there.
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