Nice. I would have done the same.
Tesla Stock
- Thread starter Passport1
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Nice. I would have done the same.
https://www.cnbc.com/2024/04/26/tes...collisions-has-critical-safety-gap-nhtsa.html
I’m against any type of Autopilot from any vehicle manufacturer, not just Tesla.
Save the Autopilot for Airbus, Boeing, Gulfstream, etc…
I’m against any type of Autopilot from any vehicle manufacturer, not just Tesla.
Save the Autopilot for Airbus, Boeing, Gulfstream, etc…
This is how tesla is going to release an "affordable ev" later on to satisfy future guidance. It's like I said they'll figure out how to cheap out a little here and there and just like that it's now "more affordable" but only by a grand, two at the very most. It is technically "more affordable"
https://electrek.co/2024/04/24/tesla-expects-4680-battery-cells-cheaper-than-suppliers-end-of-year/
https://electrek.co/2024/04/24/tesla-expects-4680-battery-cells-cheaper-than-suppliers-end-of-year/
Common stock is valued at the discounted stream of expected future earnings plus expected growth.
Since Tesla's earnings are declining, the stock has of course fallen since near term earnings are of more significance than those anticipated years down the road and current declines don't inspire confidence in any future growth.
It has been widely noted that the major legacy players have come to the EV party only to lose their shirts but that doesn't really matter. What matters is that the EV sphere is far more limited than the ICE one and every GM, Ford, VW and so on EV sold may well be a Tesla not sold.
Throw in the incoming threat of Chinese competition, already real in Europe as well as in China itself, of course, and Tesla's future prospects may not be as bright as they appeared to be just a couple of years ago.
Bear in mind that Tesla is also a one trick pony lacking a portfolio of ICE vehicles to help support earnings and most makers are doing very well with their ICE offerings ATM.
Discounting everything I've written above, Tesla has always been a very volatile stock with its price driven by speculators.
Since Tesla's earnings are declining, the stock has of course fallen since near term earnings are of more significance than those anticipated years down the road and current declines don't inspire confidence in any future growth.
It has been widely noted that the major legacy players have come to the EV party only to lose their shirts but that doesn't really matter. What matters is that the EV sphere is far more limited than the ICE one and every GM, Ford, VW and so on EV sold may well be a Tesla not sold.
Throw in the incoming threat of Chinese competition, already real in Europe as well as in China itself, of course, and Tesla's future prospects may not be as bright as they appeared to be just a couple of years ago.
Bear in mind that Tesla is also a one trick pony lacking a portfolio of ICE vehicles to help support earnings and most makers are doing very well with their ICE offerings ATM.
Discounting everything I've written above, Tesla has always been a very volatile stock with its price driven by speculators.
It's not great. I can see how some say it does the job, but it's herky jerky, indecisive, and I take too much pride in my driving ability to appear as a dimwit to the people around me for a stupid move. I believe that anyone that thinks it does a good job is a horrible driver and I question their overall judgement. There's a huge difference between completing a task and doing it well. The stupid thing would make me carsick on a long trip.
That's it in a nutshell. I was watching TV and saw for the first time a Volvo? [I think, hoping to see it again] commercial pushing their Hybrid, claiming the best of both worlds. Basically it was showing a family at home in a storm losing power and having to evacuate, with an EV in the garage plugged in charging and the Volvo? Hybrid next to it. Guess which car they took. Great marketing imo.
Tesla takes off again, has a great two weeks. Will it hold? They sealed an ok for self driving in China. It doesnt change much for the near term though, meaning this year and nothing has fundamentally changed with the company or its competition which is numerous. . We will see .. I was tempted at the low a very short time ago, now I am tempted looking forward a week for buying puts. Of which I will do nothing but watch *LOL*
Great trading stock if you have the guts, Momentum ...
Great trading stock if you have the guts, Momentum ...
My fingers are crossed they run it up higher, and I'll put on another Put spread.
That is the problem with a trading stock, you never know where the top is before they take it down again. But I get your thinking, Im just too chicken
We all know the run up in price is based on nothing, it's another media circus and click bait about a stock EVERYONE loves to watch. Hey, on the way down all this year, how many times have you seen Cathie Woods quoted? Answer zero
Now after taking the jump again there she is, in the media today about Tesla. Meanwhile her Ark Fund is a flop on Wallstreet and would have been better in a standard index fund.
Im never saying never on any stock, just not sure I have enough time on this planet to figure this stock out being the company is doing so bad.
Like it or not I own it in mutual funds. I won't buy the stock itself, but there is money to be made in it via options. Tesla I like playing to the down side, I don't have the guts to short it, but I do enjoy puts and put spreads on it after big run ups. I'm holding off for now, but that might change.That is the problem with a trading stock, you never know where the top is before they take it down again. But I get your thinking, Im just too chicken
We all know the run up in price is based on nothing, it's another media circus and click bait about a stock EVERYONE loves to watch. Hey, on the way down all this year, how many times have you seen Cathie Woods quoted? Answer zero
Now after taking the jump again there she is, in the media today about Tesla. Meanwhile her Ark Fund is a flop on Wallstreet and would have been better in a standard index fund.
Im never saying never on any stock, just not sure I have enough time on this planet to figure this stock out being the company is doing so bad.
When TSLA started its big run up back in 2021 I started giving Cathie Woods' opinions a lot of credence. She seemed to make a lot of sense and be pretty logical.
In hindsight her crystal ball was murkier than people thought. I also have been following the valuation pretty much on a daily basis and keep an excel spread sheet with monthly totals of my portfolio holdings. I add notes when there have been big swings in value regarding what (may have) caused the ups and downs.
I have come to the conclusion that although I have had no formal training in the financial field that I am as much of an "expert" as most of the talking heads that appear on TV discussing TSLA. Which means sometimes I have been right and other times wrong.
I do have a time horizon where I will be looking to sell off a large percentage of my TSLA stock. I remain optimistic that it will meet my goals. However there will be undoubtedly a lot of nail biting between now and then.
In hindsight her crystal ball was murkier than people thought. I also have been following the valuation pretty much on a daily basis and keep an excel spread sheet with monthly totals of my portfolio holdings. I add notes when there have been big swings in value regarding what (may have) caused the ups and downs.
I have come to the conclusion that although I have had no formal training in the financial field that I am as much of an "expert" as most of the talking heads that appear on TV discussing TSLA. Which means sometimes I have been right and other times wrong.
I do have a time horizon where I will be looking to sell off a large percentage of my TSLA stock. I remain optimistic that it will meet my goals. However there will be undoubtedly a lot of nail biting between now and then.
Tesla registrations down in California again.
https://www.reuters.com/business/au...ond-quarter-row-dealer-data-shows-2024-04-29/
https://www.reuters.com/business/au...ond-quarter-row-dealer-data-shows-2024-04-29/
That’s why I sold all my Tesla and got out.
Too much nail biting for me and I had to take profits.
I still think Tesla is a good car company that’s overpriced.
The whole EV concept is an idea that just hasn’t gotten to its’ time yet… Too many questions about electrical generation, the grid, rare earth & battery materials mining, battery lifespan, charging station availability, no Right To Repair. Most people who rushed in to buy an EV at top $ prices is realizing it may have been a mistake. ICE manufacturers who dabbled in & lost money in the EV space have other sales to fall back on. TSLA has no choice but to make EV work.
The quarters this is referring to is Q4-1. This article is a look back.
We'll see April data pretty soon and then we'll know if its "again".
I think Tesla has made EVs work, right? The Model Y, not a cheap car, was the #1 selling car in the world last year by far, dethroning the inexpensive Corolla.
Who is saying buying their EV made a mistake? Which EVs? I am curious where you are getting your information.
Tesla is worth more by market cap than the next 5 or 6 car companies combined.
The mighty Toyota is in a distant 2nd place, at less than half the market cap value.
MBZ is 3rd, barely 1/8 the value of Tesla.
The next American car company is GM in 12th place. Tesla is 12 times m.ore valuable.
That's the numbers.
Last time I have read Tesla's valuation is just a fraction being a "car" companies, a lot of the other valuation is in the charging network, energy storage, battery manufacturing, AI / Self driving, etc.
Today's rise was mainly about China. The deal I heard they likely striked was doing self driving in China with Baidu. If you have heard before the OpenAI driven huge boom, Baidu was trailing Google in AI and search in China. Working with them likely guarantee them a seat in future AI in China, either as a way to bargain for selling more cars, or start their robo taxi business, or licensing with Baidu to get revenue with other Chinese car companies.
Or, they will start using Chinese chips and make all the Tesla sold there generate AI revenue for the owner / Tesla / Baidu while parked and charging. Who knows.
Elon is cutting more jobs, this time it's at the Super Charger group.
You work the numbers to suit your argument and not very well at that. The real numbers are much different.
The Tesla Model Y recorded 1,211,601 registrations across 2023 the Toyota Corolla: 1,150,000 sales. Hardly "by far". Like I have said many times IMO you live in a fantasy land of your own making.
When it comes to total assets on balance sheet Tesla doesnt even come close.
https://companiesmarketcap.com/automakers/top-automakers-by-total-assets/
https://companiesmarketcap.com/automakers/top-automakers-by-total-assets/
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