Toyota BEV Announcement.

[wag123]

You have cherry picked 2 articles. TSLA is up 137% YTD which shows them both wrong. Mr. Buffet missed out, right?
Wish I had bought more when it was down, don't you?

The problem with stock that is overpriced to this extent is that it can lose 75% of it's value in one day on bad news (since the value is mostly on paper). I have learned from experience to stay well away from these kinds of stocks.

 

[UncleDave]

It is only the most valuable on paper, and it isn't my opinion, it is the opinion of experts.
https://www.fool.com/investing/2020/11/05/is-tesla-stock-overvalued/

The experts with money put it at the top.

Everyones value has a component of paper.

 

[JeffKeryk]

Probably. But here's what you failed to address from my earlier post: "Elon's biggest challenge imo is going to be the grid. All these electric Superchargers and the cars using them are going have to get power from somewhere. I doubt solar and windmills are going to provide it. There's going to be a lot of oil, gas, coal burning, or nukes. The go green people here in the USA aren't fans of any of those. So once again time will tell."

Care to take a stab at that? Will Elon pay to redo the grid? Or is oil, gas, coal, and nukes going to supply the power while the tree huggers protest, and the powers that be figure it out where to get all the electricity from? Lets not forget the greenies want to take away gas heat, gas stoves, gas hot water heaters too, we'll need more juice for that too. Oh and oil heat and hot water is in the crosshairs too. I'd love to hear the answer.

Did I say I had all the answers? Regarding greenies, I have no opinion regarding that on this forum. It can be taken as prejudicial and often leads to the P word which we agreed to not discuss here.

There is no doubt our infrastructure is aging and flat out dangerous. I hate PG&E for their negligence resulting in burning down our forrests and blowing up cities like they did in San Bruno. A key issue is, PG&E has a monopoly here. Market choices tend to benefit the consumer; that's a key tenet of Capitalism.

I salute CA for changing opinion on Diablo Canyon. I believe the energy answer lies in diversification. Solar is working for me, but that does not mean it is the solution everywhere. It is part of a bigger, overall solution.

IMO, there is no easy answer. That's my stab.

 

[UncleDave]

The problem with stock that is overpriced to this extent is that it can lose 75% of it's value in one day on bad news (since the value is mostly on paper). I have learned from experience to say well away from these kinds of stocks.

Did you ever participate in it up or down?

 

[JeffKeryk]

The problem with stock that is overpriced to this extent is that it can lose 75% of it's value in one day on bad news (since the value is mostly on paper). I have learned from experience to say well away from these kinds of stocks.

I stay away from individual stock in general. No arguement there. I only own 2, TSLA (only a little) and LRCX (a lot). Lam Research is my old company that compensated my work with options and grants.

 

[demarpaint]

Did I say I had all the answers? Regarding greenies, I have no opinion regarding that on this forum. It can be taken as prejudicial and often leads to the P word which we agreed to not discuss here.

There is no doubt our infrastructure is aging and flat out dangerous. I hate PG&E for their negligence resulting in burning down our forrests and blowing up cities like they did in San Bruno. A key issue is, PG&E has a monopoly here. Market choices tend to benefit the consumer; that's a key tenet of Capitalism.

I salute CA for changing opinion on Diablo Canyon. I believe the energy answer lies in diversification. Solar is working for me, but that does not mean it is the solution everywhere. It is part of a bigger, overall solution.

IMO, there is no easy answer. That's my stab.

Thanks for your honesty and admitting there is no easy answer. Even the people pushing the go green agenda don't have the answers. My point is this. Instead of making nonsensical unrealistic cut off dates, then pissing off a large portion of the population with goals that anyone in their right mind knows are unachievable. Taking a sane measured approach is a better way. JMO

 

[wag123]

Did you ever participate in it up or down?

No, it was never worth the price, particularly before it started making a profit in 2020 when it's value was ALL paper value.

 

[JeffKeryk]

Thanks for your honesty and admitting there is no easy answer. Even the people pushing the go green agenda don't have the answers. My point is this. Instead of making nonsensical unrealistic cut off dates, then pissing off a large portion of the population with goals that anyone in their right mind knows are unachievable. Taking a sane measured approach is a better way. JMO

Agree, but sometimes cutoff dates make people get off their butts and do something. I did my book reports the night before they were due, so there's that.

There are no easy answers. But that does not mean we try nothing, do nothing. Quite the opposite.

 

[demarpaint]

Agree, but sometimes cutoff dates make people get off their butts and do something. I did my book reports the night before they were due, so there's that.

There are no easy answers. But that does not mean we try nothing, do nothing. Quite the opposite.

Like I said: Taking a sane measured approach is a better way.

 

[JeffKeryk]

No, it was never worth the price, particularly before it started making a profit in 2020 when it's value was ALL paper value.

Then you missed out as well. I am still kicking my self for buying the car instead of stock in Dec 2018. TSLA is currently up 10x. But I was like so many other skeptics. We all missed out.

 

[wag123]

Agree, but sometimes cutoff dates make people get off their butts and do something. I did my book reports the night before they were due, so there's that.

There are no easy answers. But that does not mean we try nothing, do nothing. Quite the opposite.

Like I said: Taking a sane measured approach is a better way.

Which brings us back to the real topic of this thread (which wasn't Tesla worship).

 

[demarpaint]

Which brings us back to the real topic of this thread (which wasn't Tesla worship).

LOL No Tesla Worshiping in this house.

 

[alarmguy]

It is only the most valuable on paper, and it isn't my opinion, it is the opinion of experts.
https://www.fool.com/investing/2020/11/05/is-tesla-stock-overvalued/

Not that I disagree with you, but you’re failing to point out in your reply that Tesla has lost 50% of its value in the last couple years.
It’s something that promoters of the company fail to point out each and every post in here.

 

[JeffKeryk]

Which brings us back to the real topic of this thread (which wasn't Tesla worship).

Sure. Look at my 1st post (#4). A few pages later the Tesla bashers stepped up to the plate posting opinion that had nothing to do with the topic. By the way, facts are different than worship.

 

[JeffKeryk]

Not that I disagree with you, but you’re failing to point out in your reply that Tesla has lost 50% of its value in the last couple years.
It’s something that promoters of the company fail to point out each and every post in here.

Agree, TSLA has been a roller coaster. I would never bet my future solely on any one stock, certainly not on one with high risk.
But your numbers are not accurate. The big losses from the spikes, in comparison to today was only during a short period in mid to late Oct 2021 and early April 2022. Short term investors like to brag about their wins, but seem to forget about their losses. Short term investing scares me.
If a stock drops 50%, it takes a 100% rise to get back. That's no easy task and why long term investing makes sense to me.

 

[UncleDave]

No, it was never worth the price, particularly before it started making a profit in 2020 when it's value was ALL paper value.

So you missed something like a 14K% raise, then the dip, then the raise again- and you are giving stock advice?

 

[wag123]

Sure. Look at my 1st post (#4). A few pages later the Tesla bashers stepped up to the plate posting opinion that had nothing to do with the topic. By the way, facts are different than worship.

Yes, but, it is the Tesla worshipers that started the argument by bashing Toyota. They should really be applauding Toyota's solid state battery breakthroughs because it will ultimately benefit the entire BEV industry, Tesla included.

 

[wag123]

Not that I disagree with you, but you’re failing to point out in your reply that Tesla has lost 50% of its value in the last couple years.
It’s something that promoters of the company fail to point out each and every post in here.

You are missing the fact that Tesla stock split, twice.

 

[PimTac]

Tesla has opened up a service center in Tacoma. It’s doing booming business right now as the parking lot is full of Tesla cars waiting for whatever.

 

[UncleDave]

Not that I disagree with you, but you’re failing to point out in your reply that Tesla has lost 50% of its value in the last couple years.
It’s something that promoters of the company fail to point out each and every post in here.

Yet even at that it was still the most valuable car company.

Which brings us back to the real topic of this thread (which wasn't Tesla worship).

There is no worship here.

Toyota needs to show the world what it can do vs make a bunch of claims.

It's all on them to regain their position. In the meantime - they are getting their clock cleaned in the EV market and have ceded their prior #1 position.

I hope they do deliver the breakthrough they've promised.