Tesla Stock

[alarmguy]

Tesla stock about to fall off the cliff at market open today, Tuesday.
Good God delivery numbers were so far worse than even the worst estimates for the first quarter

 

[demarpaint]

Tesla stock about to fall off the cliff at market open today, Tuesday.
Good God delivery numbers were so far worse than even the worst estimates for the first quarter

I saw it and was going to post, big drop in units it appears. It was expected by many though.

 

[alarmguy]

I saw it and was going to post, big drop in units it appears. It was expected by many though.

No, it wasn’t expected. It was far worse than the worst downgraded expectations.
The worst worst expectation was 411,000 deliveries, the consensus was around 450,000 deliveries. The actual number was 386,810 deliveries.

LAST year it was 422,875. Deliveries down 10ish percent in a company that was supposed to be growing 50% or any percent pick a number… they have big problems, but I’ve said it all along. It’s only a car. That is something that everybody makes already.

Expectations were rock-bottom, and they far far fell through that rock-bottom to a low that nobody expected.

 

[demarpaint]

No, it wasn’t expected. It was far worse than the worst downgraded expectations.

I heard commentary last night from a few people who expected it. In any event I'm not surprised.

 

[alarmguy]

I heard commentary last night from a few people who expected it. In any event I'm not surprised.

I updated my post above yours with the numbers. I wouldn’t be surprised to see the stock back down to 100 or less, but who knows, after all it’s been heading that direction for the last couple years.

It’s time for the board to replace the CEO

 

[UncleDave]

Curious to see if breaks the 52 week low or manages to stay above that.

 

[SC Maintenance]

No, it wasn’t expected. It was far worse than the worst downgraded expectations.
The worst worst expectation was 411,000 deliveries, the consensus was around 450,000 deliveries. The actual number was 386,810 deliveries.

LAST year it was 422,875. Deliveries down 10ish percent in a company that was supposed to be growing 50% or any percent pick a number… they have big problems, but I’ve said it all along. It’s only a car. That is something that everybody makes already.

Expectations were rock-bottom, and they far far fell through that rock-bottom to a low that nobody expected.

I expected it. I do count as no one however, so there is that.

Having said that I am a stock buyer at some point - maybe $100?

 

[alarmguy]

I expected it. I do count as no one however, so there is that.

Having said that I am a stock buyer at some point - maybe $100?

Much the same here.
I don’t know anymore, I didn’t expect the EV honeymoon to (at least at this point) end so soon among all auto makers. I always knew it was way overhyped but this is even surprising me.

 

[DwightFrye]

We've been through this before. I'm not worried but then again I can afford to sit this dip out. Those Negative Nancys on this site are feeling pretty gleeful. I guess they they cannot foresee a day when Tesla once again sets new sales records. Nor the day when revenue from their other business divisions becomes a factor in the TSLA stock valuation.

So their 1st quarter deliveries were way down. What is the context in that ? Are they still outselling the Camry ? If not, how much of a decline ? If so, then other economic factors are at play and there is nothing inherently wrong with Teslas and those with EDS are once again underestimating him.

Is it because Teslas are "only a car" ? I don't know exactly what is meant by that generalization but the other major automakers who introduced EV's are all struggling. Not only due to slowing demand for EV's, a trend that I expect to reverse at some point, but because their EV's weren't ready for prime time.

We'll have to know what the Q1 numbers look like for ALL vehicle sales and how Tesla compares to know if their Q1 numbers are as catastrophic as some people are gleefully proclaiming.

 

[SC Maintenance]

We've been through this before. I'm not worried but then again I can afford to sit this dip out. Those Negative Nancys on this site are feeling pretty gleeful. I guess they they cannot foresee a day when Tesla once again sets new sales records. Nor the day when revenue from their other business divisions becomes a factor in the TSLA stock valuation.

So their 1st quarter deliveries were way down. What is the context in that ? Are they still outselling the Camry ? If not, how much of a decline ? If so, then other economic factors are at play and there is nothing inherently wrong with Teslas and those with EDS are once again underestimating him.

Is it because Teslas are "only a car" ? I don't know exactly what is meant by that generalization but the other major automakers who introduced EV's are all struggling. Not only due to slowing demand for EV's, a trend that I expect to reverse at some point, but because their EV's weren't ready for prime time.

We'll have to know what the Q1 numbers look like for ALL vehicle sales and how Tesla compares to know if their Q1 numbers are as catastrophic as some people are gleefully proclaiming.

Toyota has almost doubled in the last 12 months. Wish I owned some. They don't really do EV's - they dabble around the margins to keep a few journalists off their back.

Their P/E is still 1/4 TSLA

Earnings matter in the end.

Keep up the hopium, more hedge funds still want to sell.

 

[demarpaint]

We've been through this before. I'm not worried but then again I can afford to sit this dip out. Those Negative Nancys on this site are feeling pretty gleeful. I guess they they cannot foresee a day when Tesla once again sets new sales records. Nor the day when revenue from their other business divisions becomes a factor in the TSLA stock valuation.

So their 1st quarter deliveries were way down. What is the context in that ? Are they still outselling the Camry ? If not, how much of a decline ? If so, then other economic factors are at play and there is nothing inherently wrong with Teslas and those with EDS are once again underestimating him.

Is it because Teslas are "only a car" ? I don't know exactly what is meant by that generalization but the other major automakers who introduced EV's are all struggling. Not only due to slowing demand for EV's, a trend that I expect to reverse at some point, but because their EV's weren't ready for prime time.

We'll have to know what the Q1 numbers look like for ALL vehicle sales and how Tesla compares to know if their Q1 numbers are as catastrophic as some people are gleefully proclaiming.

It depends, there are people who are happy because they hate TSLA/Elon. Then there are people long Puts or short TSLA who are happy today because they're making money on the stock falling. Not everyone has to be a "Negative Nancy," or hate TSLA/Elon when the stock falls.

 

[cptbarkey]

We've been through this before. I'm not worried but then again I can afford to sit this dip out. Those Negative Nancys on this site are feeling pretty gleeful. I guess they they cannot foresee a day when Tesla once again sets new sales records. Nor the day when revenue from their other business divisions becomes a factor in the TSLA stock valuation.

So their 1st quarter deliveries were way down. What is the context in that ? Are they still outselling the Camry ? If not, how much of a decline ? If so, then other economic factors are at play and there is nothing inherently wrong with Teslas and those with EDS are once again underestimating him.

Is it because Teslas are "only a car" ? I don't know exactly what is meant by that generalization but the other major automakers who introduced EV's are all struggling. Not only due to slowing demand for EV's, a trend that I expect to reverse at some point, but because their EV's weren't ready for prime time.

We'll have to know what the Q1 numbers look like for ALL vehicle sales and how Tesla compares to know if their Q1 numbers are as catastrophic as some people are gleefully proclaiming.

All of these are good questions, if you are an investor I would demand the answers from TSLA.

 

[SC Maintenance]

All of these are good questions, if you are an investor I would demand the answers from TSLA.

Even if 100% of that speculation is true - its irrelevant. 56% of S&P 500 stocks are held by ETF's - and many of them have not rebalanced. Not to mention all the 2/20 guys need to beat the market, so they can't afford to buy into TSLA at this point. The poor production numbers are simply gasoline on fire of those already wanting or needing to sell.

People that want to buy and hold should either buy a S&P500 ETF, or a high yield stock. Buy and hold of momentum stocks makes no sense, irrelevant of which stock it is. When the momentum shifts you need to sell then wait for capitulation to buy again.

 

[alarmguy]

So their 1st quarter deliveries were way down. What is the context in that ? Are they still outselling the Camry ? If not, how much of a decline ? If so, then other economic factors are at play and there is nothing inherently wrong with Teslas and those with EDS are once again underestimating him.

So their 1st quarter deliveries were way down. What is the context in that ? Are they still outselling the Camry ? If not, how much of a decline ?

This makes no sense. Camry is not a car company, it is a Toyota Car model. Tesla is a car company. Toyota sold Nine Million Four Hundred Twenty Four Thousand Four Hundred Sixty Eight more cars than Tesla in 2023

Toyota sold 11,233,039 cars in 2023
Tesla sold 1,808, 571
So there is the context of that. Furthermore Tesla stock is priced for growth, not contraction. I would not be posting anything if the stock was at a price it deserves, not to be selling at a P/E ratio of almost 400% more than Toyota and in the past it was selling 800% more. But the stock has been on a downward move for two years now and I suspect that will continue through this year.

Is it because Teslas are "only a car" ? I don't know exactly what is meant by that generalization but the other major automakers who introduced EV's are all struggling. Not only due to slowing demand for EV's, a trend that I expect to reverse at some point, but because their EV's weren't ready for prime time.

"only a car means just that" Tesla is just a car but was commanding a stock price at times in the last few years at 10 Times and higher P/E ratio than the other car companies. The stock price now slashed in half+ more and is still 4 times and higher P/E ratio than Toyota and 6 times higher than GM.
That P/E ratio is and was so high because it was supposed to produce and grow by those multiples has since stalled and even going backwards.
From what I understand BYD has taken a hit as well. The EV hype is coming down to earth where it should be because "it's just a car" and most of them, small ones at that.

 

[1000MPH]

Are we forever waiting for the “new model”? All we got was a refresh, which is nice but it’s no dagger.
Wouldn’t it be better to release a completely new model for current owners to upgrade to? Would it be possible to keep the 3 but make that the basis of the $25k vehicle?

 

[97prizm]

"There’ll be zero growth in sales volumes for the electric-vehicle maker this year, Wells Fargo’s Colin Langan said. And in 2025, it’ll be worse yet: volumes will drop."

What do you prognosticate will happen in 2 years?

Oooh me me me..

Would-be Tesla buyers snub company as Elon Musk’s reputation dips.​

"Would-be Tesla buyers snub company as Musk's reputation dips"​

Musk in the past has blamed high-interest rates for curbing consumer demand for big ticket items like cars.
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SAN FRANCISCO/LONDON, April 1 (Reuters) - The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk's polarizing persona.
While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric-vehicle maker is expected to report weak quarterly sales, opens new tab as early as Tuesday.
Caliber's "consideration score" for Tesla, opens new tab, provided exclusively to Reuters, fell to 31% in February, less than half its high of 70% in November 2021 when it started tracking consumer interest in the brand.
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Reuters Graphics
Tesla's consideration score fell 8 percentage points from January alone even as Caliber's scores for Mercedes (MBGn.DE), opens new tab, BMW (BMWG.DE), opens new tab and Audi, which produce gas as well as EV models, inched up during that same period, reaching 44-47%.
Tesla did not respond to a request for comment. Musk in the past has blamed high-interest rates for curbing consumer demand for big ticket items like cars.
Caliber cited strong associations between Tesla's reputation and that of Musk for the scores.
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"It's very likely that Musk himself is contributing to the reputational downfall," Caliber CEO Shahar Silbershatz told Reuters, saying his company's survey shows 83% of Americans connect Musk with Tesla.
Reuters spoke to five marketing, polling and car experts who said controversies surrounding Musk's increasingly right-wing politics and public statements are weighing on Tesla's brand and demand.
"It is hard enough to win sales without getting into politics," said Tim Calkins, a marketing professor at Northwestern University's Kellogg School of Management.

If this doesn't make current Musketeers take notice then nothing will.

 

[97prizm]

Tesla stock about to fall off the cliff at market open today, Tuesday.
Good God delivery numbers were so far worse than even the worst estimates for the first quarter

Yeah!! How low can it go? I wouldn't own a Tesla vehicle if forced to in a North Korean gulag.

 

[97prizm]

Are we forever waiting for the “new model”? All we got was a refresh, which is nice but it’s no dagger.
Wouldn’t it be better to release a completely new model for current owners to upgrade to? Would it be possible to keep the 3 but make that the basis of the $25k vehicle?

The Muskrat promised initially that the Model 2 wouldn't have a steering wheel as it would be "Fully Autonomous " by now. How many brain dead people live in this country? Can we legally rescind his business passport, and send him back to South Africa?

 

[camrydriver111]

If this trend continues and Tesla loses more money on "cybertrucks", Tesla may be forced to remove Musk as a CEO.

It may be a good thing for Musk as well. He can make political endorsements without worrying about sales.

 

[ZeeOSix]

Tesla stock about to fall off the cliff at market open today, Tuesday.
Good God delivery numbers were so far worse than even the worst estimates for the first quarter

I saw it and was going to post, big drop in units it appears. It was expected by many though.

When you're not really the only game in town anymore, this should be expected. Tesla is feeling the impact of losing its EV "monopoly".