Alarmguy, thanks for your report on the gains and losses on TSLA, Ford and GM stock over the last couple of months. Let's revisit it at the last day of trading in June of 2024.
The so called experts are predicting that TSLA is going to have another run-up early in 2024. TSLA has the advantage in that they will have a very profitable revenue stream in the near future from things beside just selling 5 models of EV's. Ford and GM will continue to depend upon their ICE vehicles for their income as it is already obvious that their EV's are a failure.
I'm sitting tight on my TSLA holdings. Thankfully I'm up quite a bit for the year although still down considerably from the peak.
But in either case, I'm still up hundreds of thousands from my initial investment so I can't complain. Elon may be whack but he's seldom been wrong or a failure.
Hey, we buy what stocks we wish. My only contention with you is your constant pounding of a historically successful company GM that constantly turns profits every year for the last decade while pushing Tesla that constantly produced a profit for the last 2 years. So your constant statements to the contrary are based on your opinion only, GM is not failing and your statements are your own projection of them failing.
Let me say this, if you truly believe GM will fail at EVs, then you better get out of Tesla because that will mean the EV part of the industry is a complete bust and GM will be the company to own, as it has the ICE>
Ive still been waiting for Tesla's other revenue streams to materialize. They completely failed in the solar industry, still trying to get it off the ground and it's actually sinking. Hopefully they do get it together with other ventures. I hope they do, Im not blindsided and think everything outside GM is bad, Im open minded to everything and in love with no company. All companies invest in things and lose money, they have the capital to do so and that is how they grow. Fail, fail, succeed. Perfect example, pharmaceuticals.
Actually I could care less the company. Im in the market to suck money out of whoever I can and then get out. Sure, I would love to ride a company up on speculation but Teslas ride up was on speculation only and why its valued as it is, its also why it fell from grace as it did. But right now, selling at over 70 times earnings from GMs 5 times earnings is a big fall from grace IF and only IF Tesla keeps failing on their promises.
BTW- just discussing, as of right now. I dont own any auto stocks. They could change next trading day or months or never again. I like GM as historically I know the company has gone no where in 4 or more decades but the risk is also low for short term trading at at PE of 5 this is why I can dump a large amount of money into it and not lose sleep, its track record is stable vs a company with a PE of 75.
I cant do a short term with Tesla because I dont know if that PE will be 100 or 25 one day. I certainly can see your position being you became a believer before the stock skyrocketed ... sure, I would have loved to have a stock like that but right now, its too late for that one. Im thinking short term alphabet or FB... I want to kick myself for not doing FB just last year at $70 a share. By the way I am always thinking and any thoughts can change tomorrow. I am at a point in my life of preserving and minimizing what I consider excessive risk. Im set for the rest of my life but sure, would still love to maximize even more if I can.
Edit: one more thought, even if Tesla delivers on other revenue streams, when a stock is at a sky high multiple like it is with much of it non institutional investors. If the company loses the faith with the individual investors by lets say all of a sudden punishing vehicle sales with competition from China really heating up. The stock could get sliced by 50 to 75% to a normal industry PE ratio even with the new revenue streams holding up profits. Another way I see it (and I am sure I am wrong) GM has a completely predictable stream, proven for well over a decade but its stock sells at a PE of 5.
Im just saying the "god" like admiration of Elon Musk is wearing off a little with the public. He is floundering in the public eye. Taken on too many tasks. According to Elons statements, his rockets were supposed to have us on the moon many times already and possibly TODAY even on the way to Mars but they cant even get off the ground without blowing up and as you know him being CEO of Tesla is wearing thin too, mistakes are being made. Time will tell. This are only thoughts in my mind... just chatting and now time to go enjoy New Years Eve!
He will succeed eventually but the public thought sooner rather than later. I also am going to predict him leaving Tesla within 3 years. (just for fun)
