If any car maker besides Tesla posted a 44% YOY growth number wouldn't that be considered a blockbuster quarter ?
The inventory wasn't really building up but rather a lot of cars were in transit as has been pointed out in previous posts.
The "negative spin" I mentioned was not necessarily from the Wall Street analysts who were overly optimistic in their predictions, but more so from the pundits on the news and from people on internet discussion boards who hate Teslas and Elon Musk.
Regarding the stock price, it has been pointed out on many occasions that emotions, perceptions and guessing along with rumors and intentional manipulation of public opinion vis-a-vis the CEO of any particular company.has a lot to do with the day to day valuation. Maybe even more so than the raw numbers show. So arguing whether or not TSLA should be valued 100X its earnings is about as useful as the old "how many angels can dance on the head of a pin" discussion.
Other carmakers are certainly offering EV's and have plans for more in the future.But Tesla is still at least 4 years ahead of everyone else and has more money available for critical capital expenditures than any other maker. EV's are a lot more complicated than "copying a car design, putting batteries and an electric motor on it same as was done 100 years ago". That has been tried by other makers and soon found to be fallacious thinking.
Just wait until Tesla introduces a sub- $30k EV which I am quite sure they have in development regardless of what Elon has said in the last year. They will then no longer be seen just as a "luxury" brand and they will sell every one they can make and while maybe not at the same margin as their larger models, they sure won't be selling them at a loss like GM.
And I am not taking any of these discussions pesonally, I'm just stating my opinion by pointing out some facts that others seem to be overlooking or failing to understand.
I think you are just ignoring facts, actually you are ignoring facts, you're defending a company that the public and investors feel differently than you. You're emotionally involved and your view is skewed because of it. You're blaming pundits, internet discussion boards, emotions, rumors, perceptions for the value of the stock price.
The value of the stock is what the public is willing to pay. You then are speculating on what other cars companies are doing and how far behind they are and "just wait until Tesla introduces a sub 30k car" "while not at the same margin as their larger models" Well the world is waiting!
Then speculating on GM profits and the other dozen or so companies in the world. Yet Tesla has no USA profits in 2021.
BY the way, I too am just discussing, some read my posts wrong if they dont like my position. But the facts are the stock was 100 times earnings in an industry where 6 to 10 is customary. Tesla has disappointed big time this year, the market looks forward, not past and not present and the stock has been slashed down to a more realistic price, note I say more, it still can go down a lot more.
The next test will be what it 2023 growth rate going to be. They had a free ride the last few years, now other companies, BIG names are going to be selling the same exact product in nicer designs than what some call stale Tesla line up.
Tesla stock price was no different than the bitcoin price, actually did worse last year than bitcoin.
Tesla market share is dropping like a rock, down something like 30% to 50% or that is the forecast and the other ten car makers are just getting started. So why should Tesla stock be selling at such a high price? It wont be long before it's slashed in half again, time will tell.
No one even knows what the acceptance level EVs will be, though forecasts have been slashed too. If the EV market gets saturated companies that also make ICE vehicles have a backup, not Tesla.
I too am just discussing but I dont really see your post full of facts. The only fact is Tesla YOY increase of 44% Everything else in your post is your own speculation, not fact.
This is fact, Tesla was unable to sell the cars they were producing in the 4th quarter and slashed prices world wide because of it. That typically is a warning sign for a high flying, high multiple stock in an industry with a dozen players. Tesla is not an Apple, offering a unique product. Tesla is like any other car company offering a product with an electric motor instead of ICE in an industry where all the other majors will be offering both. Its is fact short term in the last two years people lost a boatload of money in stock price.
My personal thoughts are they need to innovate. Their car line up to me reminds me of the days of the VW Beatle. Nothing wrong with that, I like Beatles but I see nothing special in the looks, more or less, its a good looking car that hasn't changed its style in a long time and I do see a lot of special looks from other companies both currently in production and soon to be. I think they are missing middle America. Maybe not China though, time will tell, competition is heating up in China too.
The public, unlike forums see Tesla as "just a car" that soon everyone else will offer in a HUGE variety of styles and price points. If Tesla doesn't change they will be irrelevant in the massive sea of automobiles and have a rightful place in history. They need new products, the day of having a battery and electric motor is no longer special. The VW Beatle worked out well for a long time I dont think in todays world the same would hold true for Tesla.