So your gonna sit back and watch all your profits vanish before your eyes ?
stock market
- Thread starter Oildudeny
- Start date
It might be a temporary drop. I’m not in any Bitcoin or cryptos.
Interesting to watch it pop or drop depending on what Elon says....
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I thought about it back when it was around $600. Basically it's just playing around. I don't like to play around. At 600, that would probably mean having to invest 10k or so to make meaningful money. But play money at the time probably would have meant 1k. So up 100 fold is still only 100k. (Like how I say only?). It's not like you can retire on it. Of course if you did 10k, that would have been 1 million. But did I have the stomach to drop 10k on something that could go to zero? Not at the time. I think when it was at $600, it did drop a few hundred after that, so if I had dropped 10k on it, probably would have been at 5k at one point and maybe I would have dumped it at that point. Now that it's at 50k, what is the upside? I don't think you have a 100x increase left in it. That means it goes to 5 million a bitcoin. Right now the market cap is about a trillion. Do we see it going to 100 trillion? Most of the largest companies in the world don't exceed 1 trillion by much.
I don't know about the other cryptos, they could pop and have more upside. But like I said, you'd have to invest serious money in it like 10k+ to cash in. Lots of possible upside and lots of possible downside too. Not in a hurry, I can just wait for my money to grow the old fashioned way, slow and steady. A bit conservative I guess although I seem aggressive on here.
I like that Chiacoin is making all the storage stock going up in value. Let someone else farm it, I'm buying WDC/STX/MU/MRVL instead.
one of his limited-range wonders took out a sheriff's car earlier today. Tore the whole front driver's side suspension off.
Apparently the news mentioned the three scariest words in the English language: Auto Drive Mode. : )
Almost as funny as the Texas anesthesiologist who bbq'ed himself 550ft from his driveway weeks ago.
Well maybe it's kicking in now. Tesla is down almost 21% year to date but the S&P 500 is still up over 11% for the year. I knew the S&P 500 shouldn't have added it.
So do electric cars and air conditioners.
Minus the Kick backs to the politicians.
Cars get you from A to B. A/C keeps you cool. Crypto just helps with money laundering and ransomware and there are other existing forms of currency. No one missed it before it was created, I'm not sure anyone would miss it if it disappeared. Except the criminals.
TSLA shorts lost $40B in 2020. Yes, you might have made some $$ if you shorted earlier this year, but that's pretty risky from a historical point of view. I am long term. I wonder if people are buying the dip?
After the incredible run up last year, is it that surprising that it is down so far this year?
I see some people talk about carbon credits... Gee, Tesla manages its assets well and that's bad?
As far as that's the reason for their profitability, well how many other car manufacturers are building new factories like Tesla?
Little bit of investment cost there, right?
The market can be irrational longer than you run out of money. People with money and influence can always short squeeze you till you gets margin called. I wouldn't touch these kind of bets other than a few dollars for fun.
The S&P 500 had a good run last year too, not as much but still up for the year so far this year. Just because you have a huge run up doesn't mean it automatically has to come down. The carbon credits are bad because it means that as other auto makers switch to electrics, they won't need to buy the credits and that's where a large chuck of Tesla profits come from. Other car manufacturers already have factories and can just convert them over to building new models. Tesla needs to build them because they don't have the production capacity like the big automakers even though their market cap is several times higher. It doesn't sound like Tesla is going to have a good quarter because they have a ton of cars sitting around in inventory because it's missing some part so they can't be delivered to customers.
With just a few shares, I wouldn't be worried either way. I guess I probably have a few shares as it makes up almost 2% of the S&P 500.
I have to disagree with almost everything you posted.
Nobody had a stock increase like Tesla last year. Look at a chart. $86 to over $700.
The carbon credits are an asset; Tesla manages its assets very well; making a profit from assets is what they are supposed to do.
Saying carbon credits is the reason Tesla is profitable is overstated because Tesla is in a growth mode; they are building huge, world class plants. Giga Austin will be the biggest auto factory in the world.
You say other comapnies can convert their manufacturing lines. That is a huge, very expensive undertaking. Carmakers are very invested (and stuck) in ICE vehicles.
Tesla is a pure play EV car company; the established companies have to fight over scarce resources; that's economics.
Tesla does not carry finished goods cars in inventory; in fact all of Q2 capacity is already sold. Q1 was their biggest quarter in history; Q1 is generally a slow quarter, right?
You are correct in that Tesla needs manufacturing capacity; that's why they are bring up Giga Berlin, Giga Austin and more.
Analysts used to say Tesla would never sell 500K cars per year. They did that last year. This year sales could approach 1M cars.
You didn't have to agree or disagree with it, I'm just pointing out things that other publications have mentioned. Look carefully at what you wrote, I think the part where you are a cheerleader is opinion. Yes automakers can convert their lines over, they spend billions doing it every time a new model comes out, the same billions that Tesla is spending to build new plants. Ford just cut Tesla's share of the market from 81% to 69% just from the Mach E.
https://electrek.co/2021/05/18/tesl...-factory-hold-resulting-logistical-nightmare/
https://www.cnn.com/2021/01/31/investing/tesla-profitability/index.html
https://www.businessinsider.com/tesla-losing-electric-car-lead-ford-mustang-mach-e-sales-2021-3
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I did not know about the cars waiting for the unknown part at Fremont. We will have to see how that plays out. If the number is 20K, that is at best 10% of deliveries. How long will it take to get the cars into owner's hands? I think you noticed the article did mention Tesla's strong demand.
I do find this interesting; I will keep an eye on this. Thanks for bringing this to my attention. Distribution has been an issue. Most of the cars are made in Fremont; they have to travel across the country, to Europe, Asia, etc. The truckloads of cars leaving the plant clogs our local freeways!
The idea that Tesla does not make a profit on their cars is ridiculous.
The Mustang Mach-E is a for sale for the 1st time. Of course it will sell. There are those who will only buy Fords. Your metric is for 1 month. Wow.
Converting an ICE manufacturing line to an EV line is no small task. You are talking about, for the most part, older plants. Tesla's plants are state of the art, single purpose EV plants. I am not sure people grasp the importance of a pure play company. And a company with market cap resources like Tesla.
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