Tesla Stock

[SC Maintenance]

No one in their right mind will incorporate in Delaware if this stands, and many companies will move. If shareholders don't get to decide how their money gets spent then its no longer the free market.

I may actually want to buy some Tesla stock now?

 

[alarmguy]

No one in their right mind will incorporate in Delaware if this stands, and many companies will move. If shareholders don't get to decide how their money gets spent then its no longer the free market.

I may actually want to buy some Tesla stock now?

I suspect with the second vote and full disclosure this time around the ruling will go in favor of Musk.
IF I am correct much of the reason the pay package was struck down was because in the “shady” way it was presented to the shareholders in 2018
Meaning the judge felt the board, many friends with musk was not upfront regarding the package in 2018

I suspect Tesla knew that and why the new vote … or why would they bother ?

We have to remember the press only reports a fraction of full court cases

 

[SC Maintenance]

I suspect with the second vote and full disclosure this time around the ruling will go in favor of Musk.
IF I am correct much of the reason the pay package was struck down was because in the “shady” way it was presented to the shareholders in 2018
Meaning the judge felt the board, many friends with musk was not upfront regarding the package in 2018

I suspect Tesla knew that and why the new vote … or why would they bother ?

We have to remember the press only reports a fraction of full court cases

My understanding was the judge ruled that Elon was too "chummy" with the board members that negotiated the package in the first place, and the board didn't accurately present the package to the voters back in 2018.

The headlines I hear this AM is they must now convince said judge that Elon and the board didn't do the same this time, and they make lame excuses how they used the media to do so again. This argument is foolish. Given the package was already ruled against by a judge, and the entire thing was litigated a second time in media and on public forums, trying to say proxy voters were manipulated again would be foolish.

IMHO.

 

[GON]

I just found this update.
It’s tied up with the Delaware courts even though voters gave go ahead to move to Texas.
Obviously a fluid situation but the ruling still stands until … well next move is still up to Tesla as they say they will try to overturn in Delaware courts.
Good read below,

https://www.newstribune.com/news/2024/jun/14/musk-wins-back-449b-tesla-pay-package-in/

What I found intriguing about the lawsuit it was filed on behalf of a California resident who owned eight shares of TSLA, yes just eight shares. The California based law firm went on a "search for a victim". Lots of frivolous or near frivolous lawsuits filed every day, many end up paying the lawyers very well. I sense TSLA shareholders were overwhelming happy with the performance TSLA stock during the period Musk was issued the stock options and the time of the filing of the lawsuit.

A side issue is the state of Delaware. A state with no state sales tax and generates significant revenue to the state from having corporations from around the U.S use Delaware as their "home". The article stated this lawsuit might result in Corporations taking a second look at registering their corporation as a "Delaware. Corporation".

 

[alarmguy]

My understanding was the judge ruled that Elon was too "chummy" with the board members that negotiated the package in the first place, and the board didn't accurately present the package to the voters back in 2018.

The headlines I hear this AM is they must now convince said judge that Elon and the board didn't do the same this time, and they make lame excuses how they used the media to do so again. This argument is foolish. Given the package was already ruled against by a judge, and the entire thing was litigated a second time in media and on public forums, trying to say proxy voters were manipulated again would be foolish.

IMHO.

Hmmm ...
I think we agree but not sure *LOL* I thought I typed much the same thing, but who knows?

Agree, re-vote was to prove to the judge that the shareholders want the pay package to go through> Judge previously rules for plaintiffs on the basis (one of a few of them) that the package last time wasnt presented properly. It is interesting and out of anyone in the entire country of course involves Elon ...

 

[alarmguy]

What I found intriguing about the lawsuit it was filed on behalf of a California resident who owned eight shares of TSLA, yes just eight shares. The California based law firm went on a "search for a victim". Lots of frivolous or near frivolous lawsuits filed every day, many end up paying the lawyers very well. I sense TSLA shareholders were overwhelming happy with the performance TSLA stock during the period Musk was issued the stock options and the time of the filing of the lawsuit.

A side issue is the state of Delaware. A state with no state sales tax and generates significant revenue to the state from having corporations from around the U.S use Delaware as their "home". The article stated this lawsuit might result in Corporations taking a second look at registering their corporation as a "Delaware. Corporation".

I dont really have a problem with our court system, most anything we read in the media is void of the information involving days or weeks or testimony in court cases.

I have no problem with Delaware, it's a free country, there is a reason why the overwhelming amount of corporations register there. True they can go elsewhere but if you really think about it. I am not so sure they will do so because of Elon Musk and his games. Actually I am sure they will not.

 

[Nessism1]

The Delaware court involved in this only presides over matters related to corporations registered in Delaware. It's not a federal court, where the rulings apply throughout the country. That's why Musk is considering moving Tesla to Texas. It does seem that resolving this matter in Delaware is the preferred method, or at least, the first tact. Moving may be last option.

 

[alarmguy]

The Delaware court involved in this only presides over matters related to corporations registered in Delaware. It's not a federal court, where the rulings apply throughout the country. That's why Musk is considering moving Tesla to Texas. It does seem that resolving this matter in Delaware is the preferred method, or at least, the first tact. Moving may be last option.

Correct but it does not mean a court in Texas will disagree with the court in Delaware.
Also one other mis-conception. Elon Musk does not have the power as CEO to move from Delaware to Texas. Only Tesla's Board of Directors can make that move. With that said, shareholders have voted a move is ok with them.

For others, Im not so sure many people understand the complexities of doing this. They just can not pack up and leave Delaware and go to Texas. Texas courts are not even set up for such a thing. ... and just because one man Elon feels upset with them dont believe the other businesses agree with him. DO you really think the other powerhouse corporations are going to pack up and leave all the benefits of Delaware behind because they rules against a situation where they felt a 2018 vote to give a man 42 BILLION dollars was stuck down? *LOL* BTW- this would take Tesla years to do and I suspect Musk wont even be there. The link below explains it.

https://www.axios.com/2024/01/31/elon-musk-tesla-delaware-court-texas-law

 

[alarmguy]

Late yesterday another disappointment and horror story for those wh are already taking a bath in Tesla Stock.
I think we are now into a full year of declining earnings, declining market share, declining profit margin and a huge blow to cash flow.
So with this latest quarter results Musk announces a 45% decline in Profits (FORTY FIVE PERCENT)

Some people have lost 50% more of their investment in his company and he tells them if they don't believe in autonomous driving then they should sell Tesla stock. Oh well, so now we are shifting talk away from the poor sales performance of his cars and reason to hold his stock even though is been sliced in half on the promise (in spite of previous promises of all different sorts that has not happened) that autonomous driving will save Tesla in Oct.
I hope so and the stock can get back up to $400 a share where is was years ago.

Disclosure. I have no problem for those wishing to speculate. It just still amazes me this automobile stock sells at multiples of 55 to 90 in an industry that sells at 5 to 15 and has missed every conceivable objective by years. Now the CEO says sell unless you believe in it autonomous driving.
What about those who believe the inflation reduction act might go away next year, along with the $7,500 every taxpayer gives Tesla for buying his cars?

Anyway just my pre coffee thoughts this morning.

 

[wpod]

It wasn't a nest egg. I bought an equal amount of Eli Lilly pharm to balance the risk. Their new drug Monjaro will become the best selling drug in history once the FDA approves it for weight loss. Tesla and Lilly are two companies perhaps poised for stock stardom.

till the deadly side effects take hold as in all the other drugs for rears its ugly head.

 

[cptbarkey]

till the deadly side effects take hold as in all the other drugs for rears its ugly head.

what are those exactly? vs not taking the drug i think is a good tradeoff.

 

[SC Maintenance]

So I will bite.

Its always been a speculative stock. Not sure how anyone should feel sorry for anyone on the ups and downs of TSLA. Holding any individual stock has risk. The stock is down 12% today but still up 18% in the last 30 days. If you can't take a 10% dip from a earnings call you shouldn't buy any individual stock.

Tesla stock took its biggest knock between late 2021 and late 2022. 5 year investors are up 15X. If you bought into the hype in late 2021, well thats on you I guess, and don't take that harshly - been there done similar stupidity myself.

I agree, the P/E are way too high given the current state of the EV market. I don't believe the narrative either, but some do. If I had any imagination EV's were going to continue to grow exponentially, this still would be the stock to own. I just think the market is reaching a EV saturation point or at least a plateau for some period of time.

 

[alarmguy]

It wasn't a nest egg. I bought an equal amount of Eli Lilly pharm to balance the risk. Their new drug Monjaro will become the best selling drug in history once the FDA approves it for weight loss. Tesla and Lilly are two companies perhaps poised for stock stardom.

I don’t know if this matters and it’s probably built into the stock price of Lilly.
I believe they are in trials right now for a drug to control Lipo A
Currently, there is nothing on the market to control it. Lipo protein.A is a cholesterol.
This high cholesterol level is inherited, and as much as I forgot the percentage of the population has it at very high levels.
I know in the past year my cardiologist had me tested for it and his assumption was correct. He told me nothing could be done about it, but they’re on the cusp of the drug to control it. It’s 100% hereditary.

Much of the reason, some people with coronary artery disease test test OK for the cholesterol levels is because they are not tested for lipoprotein a simply because nothing could be done about it. But that is changing and you will be seeing it more and more in the news.

Anyway, I don’t know if it’s just Lily working on a drug I do know they are in trials right now. I believe the second set of trials I actually in the last six months signed up for a trial however, I’m on the list. Should they have a need for me.
I have never done anything like this in my life, but if I could somehow be a contributing factor for future generations, including my own kids, I think it’s a cool thought and I hope I get a call someday. I get follow-ups in emails thanking me for volunteering but still no study in my area yet

I did do the questionnaire and I am a candidate
My whole life I have had low to ultra low cholesterol and triglyceride levels yet diagnosed with arterial disease and because of my cardiologist being on top of things just had me tested for the lipo a and it’s very high, with that said at the same time it seems like being crazy about eating properly. My cardiologist feels I may never need intervention such as a bypass or stents. Right now, my plaque is called minimal.
Which in my case is 20% plaque all over the place in my heart veins
I actually saw the calcium in the heart veins on a routine CT lung scan last year, radiologist made a note of it

 

[Dave Hess]

I was fortunate to ride the Tesla craze and made some easy money.

I still believe Tesla is a good company that’s running of of steam going forward.

 

[cptbarkey]

The words that come out of Elon's mouth get less and less important on a daily basis. I'm perfectly ok with him continuing on this path.

 

[Passport1]

high cholesterol level is inherited,

Lots of things are inherited. Mental illness for example. You get it from your children.

Good for you to volunteer for a possible cholestrol solution to heart problems. Lilly is a good company.

I wish you well!

 

[alarmguy]

Lots of things are inherited. Mental illness for example. You get it from your children.

Good for you to volunteer for a possible cholestrol solution to heart problems. Lilly is a good company.

I wish you well!

You get it from your children? Or do you children get it from you?

 

[JeffKeryk]

Tesla is and will be a roller coaster. Comparing it to traditional car companies is somewhat apples to oranges. No other car company makes a profit on EVs; their EV business is subsidized by their ICE business. Perhaps BMW might be an exception; I'm not sure. Of course BMW stock has not performed well either (down 5% YTD) and last year net profit fell by more than a third.

Tesla did not invent the electric car or even the luxury electric car. But Tesla did invent a successful business model for bringing desirable electric cars to the market. The strategy included building a network of charging stations to solve one of the greatest obstacles facing the adoption of electric vehicles: refueling on long trips.

How many other car companies are building a Supercharger network?
How many other car companies code their own firmware?
Solar?
Tesla's strategy is to service its vehicles first through remote diagnosis and repair. They replaced the 12v battery in our car in my garage; $120 all in as I recall. And did an inspection afterwards. This was the day after I logged the issue on line...

How many other car companies are investing in Artificial Intelligence? Dojo anyone?

The roller coaster continues. The market tends to be reactionary. Who knows where this ends up? I am holding my stock; still up over 50%.

Best of luck in your investing!

 

[Nessism1]

Tesla stock has increased in value from $30 to $215 since Jan 2020. I wouldn't feel all butt hurt about recent losses.

 

[JeffKeryk]

Tesla stock has increased in value from $30 to $215 since Jan 2020. I wouldn't feel all butt hurt about recent losses.

Well, that depends on when you bought, right? If you bought at or near the peak, bring a lunch.
Personally I am still kicking myself for buying the Model 3 in Dec 2018 instead of stock. Of course at that time Tesla was gonna be belly up any day now, remember?

Tech is a roller coaster. I certainly would not bet the ranch on TSLA, or any stock, especially in the short run. In 5 years from now? Who knows, but I am a hold. YRMV...

If you choose to buy TSLA, make sure you can look past the volatility, cuz it's part of the deal. Just my 2 cents...

Good luck!