Tesla Stock

[DwightFrye]

I have never said that EV's will overtake ICE vehicles in the near term. I don't think they will reach the 50% point until at least 2030.

What difference does it make where Tesla's profits come from or how they report sales? This discussion is about the stock value of TSLA. Regarding BYD, yes they are capturing a large segment of the market. But depending upon who is bribed they may or may not be able to be sold in the US in large numbers and there will be resistance from US buyers to buying a Chinese car.

Will US sales or lack thereof of BYD EV's impact TSLA's valuation in the coming years. Probably. Will they prevent TS:A from reaching $400, or even $1000 in the next few years ? We'll see but I'm letting my shares ride for a while betting that it won't be long until they at least reach previous highs. TS:A's valuation is still very much tied to the macro financial market, interest rates and overall poor economy.

I'm sure not ignoring the competition to Tesla. But I don't have a lot of confidence that any other makers will come close in terms of performance or profitability for many, many years. In the meantime Tesla will continue to innovate and ramp up production. Because they can. The others ?

Ford is facing yet another massive and expensive recall on their ICE vehicles for catastrophic engine failures due to defective valves. They have been making vehicles for over 110 years and still have very costly recalls for serious issues. I don't have a lot of confidence that they will be able to manufacture EV's that aren't troublesome.

Both Ford and GM are going to be hampered by their deal with the devil (UAW). Let's see where their stock value is when the economic conditions improve.

 

[alarmguy]

I have never said that EV's will overtake ICE vehicles in the near term. I don't think they will reach the 50% point until at least 2030.

What difference does it make where Tesla's profits come from or how they report sales? This discussion is about the stock value of TSLA. Regarding BYD, yes they are capturing a large segment of the market.

I dont disagree with a lot of your post. The USA sales data is to me and maybe others important as far as investing in a company.
What are they hiding but not releasing a number that they already have to the public and it's a public traded company.

So to answer your question, maybe there are some who would like to know where Tesla's profits are coming from. There are some who feel that China is at the current time a risky investment. But I guess most of all, in a discussion of Tesla many bring up our USA companies like GM who's numbers are transparent, well how can we have meaningful discussions in comparing Tesla without the numbers?
It's the only reason I bring it up all the time. I wouldnt if GM and Ford weren't always compared to Tesla. We have two companies (not that I am a Ford fan) that report their USA numbers and one that doesn't. Fair game.

 

[JeffKeryk]

A $1,000 investment when the Model S was introduced, is valued at $1.8M now.

 

[JohnnyG]

A $1,000 investment when the Model S was introduced, is valued at $1.8M now.

Yeah, should have kept my shares that I bought at $170.00/ in 2000 . Like some have said here, as competition gets more serious, Tesla will be like any other car company. Further, Elon is smart enough to keep his various companies separate. In other words, buying TSLA won't get you into SpaceX, probably the same with Starlink.

I prefer to be more into the basic commodities, such as copper.

 

[alarmguy]

Yeah, should have kept my shares that I bought at $170.00/ in 2000 . Like some have said here, as competition gets more serious, Tesla will be like any other car company. Further, Elon is smart enough to keep his various companies separate. In other words, buying TSLA won't get you into SpaceX, probably the same with Starlink.

I prefer to be more into the basic commodities, such as copper.

Yes but I bet you felt like a hero when Tesla was $120 just over a year ago and there is no saying it wont be again in 20 months..
One other thing, Tesla is not Elon Musks company, he is an employee of Tesla, hired for the CEO position.
Space X and all the others are his companies.

 

[JeffKeryk]

TSLA is up $15, 6% today, after the qtr delivery miss. S&P is basically flat, even while being buoyed by TSLA. What gives?
The miss was baked in; Tesla told the market they were entering change over.
And the bears were likely covering their shorts? And getting killed?
And/or the bulls shrugged off the miss as just doing business?

Of course there is a simple explanation: TSLA is a volatile stock; swings are the norm. Not for the faint of heart...

 

[edyvw]

Significantly below? Dunno about that. Tesla is changing over to the Model 3 and Model Y refresh. That's why the stock is flat today instead of down. The delivery number was already baked in. Also hard to match the stellar Q2. The China deliveries were down and then recovered somewhat.
They will have to ramp to hit 1.8M deliveries for the year.

My shares are still up nearly 100%; I am in for the long run. I think TSLA is outperforming the market today, right?

This is what you said when they sold 20,000 vehicles more than estimated:

“445K to 448K were expected, Tesla delivered466K easily crushing expectations.”

Now they are down 25,000, so words would be I guess: more then crushed? Just using your lingo.

 

[JeffKeryk]

This is what you said when they sold 20,000 vehicles more than estimated:

“445K to 448K were expected, Tesla delivered466K easily crushing expectations.”

Now they are down 25,000, so words would be I guess: more then crushed? Just using your lingo.

Yeah, what do I know... Ha! By the way, Tesla told investors there would be downtime in Q3; was that baked into the number making it a bigger miss?
It remains to be seen if Tesla's Q3 delivery miss was really due to factory downtime or a lack of demand. That depends on bulls vs bears, I guess.
Future deliveries will be telling. Tesla is sticking with 1.8M deliveries; that will take a strong 4th qtr.

Is the just released, cheaper Model Y Std Range RWD a smart move for market share or a desperate move? Dang thing already sells like hotcakes.

By the way, TSLA was up 6% today, so there's that. Bulls vs bears... Volatile.
@edyvw are you in the game? My investment is just about doubled. Wish I had bought more. Famous last words!

 

[edyvw]

Yeah, what do I know... Ha! By the way, Tesla told investors there would be downtime in Q3; was that baked into the number making it a bigger miss?
It remains to be seen if Tesla's Q3 delivery miss was really due to factory downtime or a lack of demand. That depends on bulls vs bears, I guess.
Future deliveries will be telling. Tesla is sticking with 1.8M deliveries; that will take a strong 4th qtr.

Is the just released, cheaper Model Y Std Range RWD a smart move for market share or a desperate move? Dang thing already sells like hotcakes.

By the way, TSLA was up 6% today, so there's that. Bulls vs bears... Volatile.
@edyvw are you in the game? My investment is just about doubled. Wish I had bought more. Famous last words!

Yeah, sure.

 

[Rogueman2016s]

I could have made 25k on Tesla I pulled the plug early a few years ago walked away with around 12k and haven’t looked back. I bought it at 187 sold when it was in the high 9’s.

 

[Donald]

I was meeting with my financial advisor today. He's very knowledgeable and trustworthy. Works for a supermajor investment company; everybody here would recognize. Well he is bullish on tech companies with Tesla being top on his list. His view is that Elon is a genius and is guiding the company to become way more than a car maker. So on his recomendation I bought a boatload of Tesla stock. It pains me to admit this move as most of you know my feelings about this automotive evolution.

Did I do the right thing or should I have stayed true to my instincts?

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car.USNews

No more than 10% in any one company including the one you work for.

I think Elon Musk is a visionary but also drawn to crazy things like buying Twitter.

He has his hands in too many things at present.

Tesla wants to make a lot of money in the future on subscriptions to features in cars. Unsure if people will accept that direction. I for one would hate it. HATE.

 

[PandaBear]

No more than 10% in any one company including the one you work for.

I think Elon Musk is a visionary but also drawn to crazy things like buying Twitter.

He has his hands in too many things at present.

Tesla wants to make a lot of money in the future on subscriptions to features in cars. Unsure if people will accept that direction. I for one would hate it. HATE.

Elon bought Twitters just like Jeff Bezos bought WaPo, as a hedge against political attacks in the media. I don’t think Elon did well in finance as Twitter is failing financially.

I don’t have problems with subscriptions of features but I do hope he will sell base model short range EVs cheap. In the end EV is a perishable item so as long as the cost per mile is cheap I am ok.

 

[JeffKeryk]

No more than 10% in any one company including the one you work for.

I think Elon Musk is a visionary but also drawn to crazy things like buying Twitter.

He has his hands in too many things at present.

Tesla wants to make a lot of money in the future on subscriptions to features in cars. Unsure if people will accept that direction. I for one would hate it. HATE.

You understand that software offers the promise of incredible margins as there is no incremental material required for each sale?

 

[Donald]

You understand that software offers the promise of incredible margins as there is no incremental material required for each sale?

I worked in software development for 25 years. Significant cost to develop software. And there is support.

Let's say you setup heated seats as a subscription. You have the cost of putting it in all cars and hope enough will want it so you make money. If it breaks or the car gets sold someone may say screw the subscription.

 

[JeffKeryk]

I worked in software development for 25 years. Significant cost to develop software. And there is support.

Let's say you setup heated seats as a subscription. You have the cost of putting it in all cars and hope enough will want it so you make money. If it breaks or the car gets sold someone may say screw the subscription.

I know a little about development. The point is, once you have the software, you can install it on 1 or a bazillion computers. Like an operating system, Office or computer game. There is no incremental material cost. And with the Internet, there is not even a CD or delivery cost.

 

[alarmguy]

GM sales up 21% in the third quarter 2023 compared to 2022
Too bad the UAW will take that down, maybe, we will see. I suspect a VERY long strike. The cool thing is, more then ever, the UAW is the smallest its been in history. IN fact two of GMs cars in the article below are built in S Korea. One is the Trax which is a cool looking inexpensive car.
https://www.cnbc.com/2023/10/03/gm-...p-21percent-as-uaw-strike-slowly-expands.html

 

[JohnnyG]

Yes but I bet you felt like a hero when Tesla was $120 just over a year ago and there is no saying it wont be again in 20 months..
One other thing, Tesla is not Elon Musks company, he is an employee of Tesla, hired for the CEO position.
Space X and all the others are his companies.

Except for the 3 splits I missed during that time, yeah.

 

[DwightFrye]

Twitter or X is expected to be profitable early next year. Something like 90% of the advertisers who dropped out when Elon the Nut Job bought the company have returned. And with the election coming up in November of 2024, public demand for a news source that won't try and manipulate the election results like the bug-eyed Zuckerberg did with Facebook and Bezos did with the fishwrap known as the Washington Post will drive many people to X, further increasing their revenue.

And Elon will once again prove his detractors to be wrong.

 

[JeffKeryk]

GM sales up 21% in the third quarter 2023 compared to 2022
Too bad the UAW will take that down, maybe, we will see. I suspect a VERY long strike. The cool thing is, more then ever, the UAW is the smallest its been in history. IN fact two of GMs cars in the article below are built in S Korea. One is the Trax which is a cool looking inexpensive car.
https://www.cnbc.com/2023/10/03/gm-...p-21percent-as-uaw-strike-slowly-expands.html

All the big auto makers are up Q3 as compared to last year; business, especially manufacturing, is coming out of the pandemic.
GM and the others are still recovering and down from 2019 numbers.

The problem with statistics is people tend to take them raw but not understand what they are telling you.
I love statistics; that was my career. Raw numbers can be misleading at face value.

Regardless, I salute GM and others for their solid results. They will likely continue to improve as this economy is in a spending mood.

 

[alarmguy]

Twitter or X is expected to be profitable early next year. Something like 90% of the advertisers who dropped out when Elon the Nut Job bought the company have returned. And with the election coming up in November of 2024, public demand for a news source that won't try and manipulate the election results like the bug-eyed Zuckerberg did with Facebook and Bezos did with the fishwrap known as the Washington Post will drive many people to X, further increasing their revenue.

And Elon will once again prove his detractors to be wrong.

Elons profit or loss on X will be disclosed to the public?

I know Space X does but I think there are others that have a stake in Space X.
IN 2021 Space X lost almost One Billion Dollars, 2022 Space X lost Five Hundred and Fifty Nine million so at least it's going in the right direction. I often wonder if Space X goes Public if Musk will resign from Tesla.

Source = despite-rare-profit-spacex-still-mostly-loses-cash

Ps, I agree on FB and WP