Tesla Stock

Tesla was selling their cars at such a premium that even cutting prices to make a reasonable (possibly equal to legacy brands now) profit is raking in the money. The lowering of their price is equally a function of a rapidly growing market of lower cost alternatives where none existed when Tesla had the market to themselves. They'd be idiots not to lower the price.
 
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It's a shame that Tesla has to go up another 50% to match its high years ago, one would wonder if it ever will and when if does, what then?
If you wanted to pick a winner for the last year Facebook almost matched it all time high from the same period within 1% or so and is up 300% in the last year.
You are picking points in time. That's meaningless unless you transact at that time. I'm up over 100% but have no intention of selling.
 
Tesla is in rapid growth mode. They are building factories and expanding current ones. The goal is to maximize factory output. Mexico and India are next. Austin is expanding for the Model 2. The Fremont plant is changing over to the Highland and the Y is next. No one else even makes a profit on their EV business.
Tesla is not only EVs. They make solar panels, though they are failing terrible with solar but also battery systems which is showing promise. I just wanted to point that out, because some others discount GM for making a profit on the ICE but then I am reminded this is a EV only thread and ICE doesnt matter. But others fail to recognize Tesla's carbon credits (though dwindling) and other operations other then EV's, yet we are reminded that Tesla is not only about vehicles, that its a technology company from the same person.

So which is it? @DwightFrye
(just discussing as always) I dont care what the company is, I am only in it for the money. I think the bias is undeniable though from some in here. Either a company makes money or not. When you have one company at sky high multiples, not growing as fast as the CEO stated it would, a huge mis in sales growth, profit margins being cut, prices being cut, new truck introduction a total disaster even admitted too by the CEO and for all this, selling at a multiple of HUNDREDS of times more then legacy makers.
That is all good, dont fight the market but there is danger and that is where risk/reward comes in. Plenty have been burned by this company and plenty have become millionaires. Lets hope its not the next disaster as we always have one every decade or so. I don think it will be, not for a second but I do think we will see something happen to its outrageous P/E multiple.
 
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Since I'm almost at the halfway point into my eighth decade of life, two more decades seems like a stretch but thanks for the advice.
No way I will see 80. I advise spending it all and having a blast! Insane that someone is 80 and worried about speculative investing, but that's just my take.
 
You are missing the fact that Tesla's sales increase was much less than Elon Musks own predictions of 50% increases. Not only that but they are slashing prices and profit margins to attain that.
When companies dont match expectations ... well what will be next?
"Expectations" are estimates, only as good as the people making the estimates. Elon seems to have an overly optimistic outlook that doesn't seem to match-up with reality sometimes. "Expectations" from companies are typically filled with hype.
 
"Expectations" are estimates, only as good as the people making the estimates. Elon seems to have an overly optimistic outlook that doesn't seem to match-up with reality sometimes. "Expectations" from companies are typically filled with hype.
They also just lost their lead as the worlds largest EV manufacturer.
Furthermore, if you look at electric vehicles in Consumer reports, they are nowhere near the top rated electric vehicles anymore.
BMW blows them away and Hyundai/Kia next.
They need to get with it competition is arriving and we are only at the very cusp of that.

https://www.barrons.com/articles/byd-bigger-tesla-after-record-quarterly-sales-297e464e
 
They also just lost their lead as the worlds largest EV manufacturer.
Furthermore, if you look at electric vehicles in Consumer reports, they are nowhere near the top rated electric vehicles anymore.
BMW blows them away and Hyundai/Kia next.
They need to get with it competition is arriving and we are only at the very cusp of that.

https://www.barrons.com/articles/byd-bigger-tesla-after-record-quarterly-sales-297e464e
BYD numbers include hybrids. Tesla sold about 200K more pure EVs, I believe.
 
"Expectations" are estimates, only as good as the people making the estimates. Elon seems to have an overly optimistic outlook that doesn't seem to match-up with reality sometimes. "Expectations" from companies are typically filled with hype.
It is how he advertises.
 
BYD numbers include hybrids. Tesla sold about 200K more pure EVs, I believe.
YOY tesla sold more evs. They missed Elons 2 million guidance but 1.8 is nothing to loose sleep over.
4th Q Byd moved more pure evs then Tesla for the first time.

Its dreary news to retail investors and cooler talk.

Insti. Investors I guess are more concerned in:
how much of unit profit margin Tesla is giving up to achieve these numbers?
has tesla improved spiraling battery costs?
has the Fsd take rate improved?
whats stopping byd and the like from penetrating the american market? how soon can they set up base and start sales? Are there workarounds to any restrictions like working with an american company to wash their vehicles for the american market?
 
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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
it’s seems you’re not only 2nd guessing yourself but also your financial advisor. When you make a stock move you can’t get emotional over it that often leads to a sell at loss. I never like to put all my eggs in one basket, TSLA is a trading stock pays no dividends so unless your advisor is going to stay on top of it or has it on portfolio autopilot I don’t see it doing any tricks like it has done a few yrs back. Schwab has it as an F rating
 

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BYD numbers include hybrids. Tesla sold about 200K more pure EVs, I believe.
Incorrect, these are the 4th quarter numbers. Yes for the year Tesla won but lost the last quarter which is significant as BYD sales increases are blowing past Tesla.
As far as Hybrids I sometimes wonder if there will be a paradigm shift, only a small chance but they are popular for a certain segment.

“It’s official. China’s BYD 1211 0.57%
is now the largest seller of all-battery electric vehicles”

Here is a link from MSN - no oaywall

BYD 4th quarter sales up 70%
Tesla 4th quarter sales up 19.5%

I think this is only the beginning of all things EV. It’s impossible to predict 3 to 5 years from now. It’s all speculation, there will be winners and losers.
 
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“It’s official. China’s BYD 1211 0.57%
is now the largest seller of all-battery electric vehicles”
Yes, and to think that TSLA price cuts had little or nothing to do with fear of competition would be a mistake. As I said before China either is, or will be Elon's worst nightmare. He better pray they don't find a way to flood the US and other markets with that garbage.
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Yes, and to think that TSLA price cuts had little or nothing to do with fear of competition would be a fools errand imo. As I said before China either is, or will be Elon's worst nightmare. He better pray they don't find a way to flood the US and other markets with that garbage.
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In the past most all profits for Tesla were overseas and they avoid USA corporate taxes too so competition from China will sting, im sure they expect that it should.

The unknown I think here in the USA is some people are ignorant in ruling out GM (and others) as serious EV competition to Tesla. Tesla has only produced profits for less than 3 years and has a pathetic model lineup.

GM has proven no matter how much they screw up that they eventually get it right and has kept them in the lead for 90 years.

It is interesting..
 
In the past most all profits for Tesla were overseas and they avoid USA corporate taxes too so competition from China will sting, im sure they expect that it should.

The unknown I think here is people are ignorant in ruling out GM as serious competition to Tesla. Tesla has only produced profits for less than 3 years and has a pathetic model lineup.

GM has proven no matter how much they screw up that they eventually get it right and has kept them in the lead for 90 years.

It is interesting..
Interesting for sure. They are going to have serious competition in the not so distant future. China is telling me only part of the story. Sit tight, it's still early. ;)
 
Why would they need to cut prices if they are selling great?
In that sort of market, a company raises their product price, not lowers it, especially in a time of steep inflation.
Your understanding of business is sorely lacking.

The price cuts were a temporary move due to a drop in demand because of high interest rates.
They had a 38% year over year increase, There is no "if" regarding that they are selling great.

I have a very good understanding of business. But someone with an even better understanding than me is involved in the pricing decisions at Tesla, namely Elon Musk.

You may think you have a good understanding of business, maybe so in a textbook scenario. However Tesla's production & sales figures and undoubtedly excellent financial figures for 2023 when they are released later this month will show once again that conventional thinking regarding their business model has been proven wrong again and again.

And for those of you who think GM and Ford will eventually surpass Tesla in sales, well it's first going to take a miracle to leapfrog up to or ahead of Tesla's 5 year lead in technology and production techniques. I wish them luck.
 
And for those of you who think GM and Ford will eventually surpass Tesla in sales, well it's first going to take a miracle to leapfrog up to or ahead of Tesla's 5 year lead in technology and production techniques. I wish them luck.
You're right it isn't F or GM Elon has to worry about, even 5 years out, it's China. China is going to be his nightmare, and my bet is he knows it. Give F and GM more time and he'll be worrying about them too.
 
You're right it isn't F or GM Elon has to worry about, even 5 years out, it's China. China is going to be his nightmare, and my bet is he knows it. Give F and GM more time and he'll be worrying about them too.
Agree, Im not sure how GM always comes into play. I guess the biggest guy in the field always is under attack and the deniers want to ignore the fact that they are all automobiles.

China threat to Tesla is today and this year as well as all the following years. Im sure Elon is losing sleep over it now, after he made fun of them on how they would never catch his company. Wrong again he was, in fact, his track record is REALLY starting to look like a toilet bowl lately. Not just cars either, from Rocket Ships to "X" He has too much on his plate and why I predict he will not be at Tesla in 3 years, honestly Tesla would be better without him now.
 
This anti-whatever car or car company is ridiculous; even childish. If you don't like something, don't buy it.
By the way, Chinese products are America's problem. If you are rooting for BYD to overtake Tesla or whoever, what about the other car companies?

I prefer to buy American if possible. The closer to home the better.
 
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