patrick.net

I get that reference. But, Tulips aren't Technology companies. And the Short Sellers are some of the reason for the TSLA rise. Have to buy more to cover losses!

Tesla has actually reduced the prices of their vehicles. The auto industry figures they are about 6 years behind his tech. Musk wants the EV to take over vehicle sales. ICE vehicles will be interesting token enthusiast heirlooms in the future. When Tesla vehicles can already dominate on the track and the dragstrip, what's left for 1200HP supercars? Especially when they cost +$250K.

The stock is a separate issue. But ask yourself this: has any other post-WW2 Company done this well with ZERO advertising budget? No commercials, no print ads, nothing. Sure, they have a website to facilitate sales, and allow you to explore product features and benefits. You literally cannot buy the product any other way.

https://www.fxempire.com/forecasts/article/will-tesla-stock-price-crash-668207

Will Tesla Stock Price Crash?

I am a huge Elon Musk fan and believe Tesla will likely become the next Apple or Amazon. However, at its current valuation, a 50%+ collapse in the stock price seems inevitable.

Just today, Tesla surpassed Walmart’s market cap – how is that possible? Walmart has 534.66 billion in sales versus just 25.71 billion for Tesla.

The trend in TSLA is overbought. The MACD and the RSI (14) are diverging negatively, suggesting waning momentum. The stock is behaving like a commodity – not a business. I see the potential for a “buy the rumor sell the news” event after the stock splits. I think prices will correct at least 50%, and that is extremely conservative.


Another way to measure Tesla’s ludicrous valuation is through total revenue – let me explain. Hypothetically speaking, let’s say a company paid 100% of its annual revenue to shareholders as a dividend. Of course, this is not possible, but it helps make my point. In the example below, we will measure how many calendar days it would take to recover your initial investment if each company paid 100% of their profits to shareholders at today’s stock price.

Lastly, the combined market cap of Ford, GM, and Fiat Chrysler (the big three) is 90-billion, and in 2019 they produced 7,470,370 vehicles. Tesla’s market cap is 300% greater than all three (307 billion), and they delivered only 195,000 vehicles – ASTONISHING.

It’s definitely a bubble.
Buying shares today is like playing musical chairs; when the music stops someone is gonna be fucked.

TrumpingTits says

Booger says

I bet 99.999% of 'college educated' Millennials don't get the tulip reference.

didn't that reference get really popular during the housing bubble last time?

zzyzzx says

Will Tesla Stock Price Crash?

Enron

Elon versus the Shorts....
The shorts will ultimately win -- the only question is will it be one month from now or 10 years from now (or never if the price of oil goes back to $100+)...

Short Elon, or go long energy...
Since 2009, the weight of energy sector has halved and its currently just a bit more than 6%. The sharp decrease in oil prices has caused big worries for energy companies. In the beginning of 1980, energy was clearly the largest sector, making up 25% of the US stock market.

Tesla is a car for suckers, so is their stock but hey, zillions of suckers are born every minute.
10 years of money-losing business a true embodiment of the "Get woke go broke" ( with the likes of Gillette ).

PMack says

Tesla is a car for suckers, so is their stock but hey, zillions of suckers are born every minute.
10 years of money-losing business a true embodiment of the "Get woke go broke" ( with the likes of Gillette ).

They don't lose money anymore.

Not interested in paper-thin margin companies

looks like it hit a different psychological milestone and reversed - $500 per share

PMack says

10 years of money-losing business a true embodiment of the "Get woke go broke" ( with the likes of Gillette ).

Is tesla woke?

I wouldn't have guessed. Elon seems to occasionally vocally complain about leftist stupidity. Also, Peter Thiel, a right wing tech investor, is his buddy from the paypal days. But I wouldn't be surprised if some of the leftist CA tech employees have influenced company culture and norms.

None of these comments reflects Tesla's Energy Biz: The Consumer Vehicle Market is perhaps $90Bn/year. The Energy Market is About $900 Bn a year - and Tesla's Energy market is growing fast. The biggest holdback is Battery production, and he's addressing this with the new battery and way better battery tech going forward. One Commentator said: Paraphrasing: "Musk entering the Energy Market means he's playing with the Big Boys now."

Big boys like Energy Producers, Oil Companies, etc.

Have to disagree on tsla. The shorts took it in the ass for many years now and Musk certainly deserves credit for being a visionary, but I don't think we will see $900 anytime soon again and there may be more drops ahead. Without credits which are expiring soon they are still losing money selling cars and the EV business will become cut throat with little margins. They better have other industries and techs to pick up the slack. I think if you rode it for a while for a big fat profit now would be a good time to sell at least half, even better back then at $900. Plus the market is looking shaky and broken right now with the short squeeze dislocations going on while the majority of stocks have been falling for the past week(s).

rocketjoe79 says

The biggest holdback is Battery production, and he's addressing this with the new battery and way better battery tech going forward.

I think this is key. I don't believe anyone is close to catching Tesla on battery tech AND production. Tesla is putting all that money to good use and scaling like crazy getting farther and farther ahead of the competition.

I plan on hanging onto my shares for 10+ years.

DOJ is investigating Tesla And SpaceX...

... for not hiring ENOUGH Non-Americans.

I thought they would hit 1T in well under 1y, but it took a bit over 1y to get here.



So many surging tech stocks these past few years...

I'm starting to wonder if we've entered the era of permabubble, where it's unlikely these stocks will deflate.

Damn, I made quite a bit on Tesla but then sold it last year because it seemed crazy overvalued. Who could have known?

Hell, it still is crazy overvalued. To justify that p/e they are going to need oceans of earnings.

Patrick says

Damn, I made quite a bit on Tesla but then sold it last year because it seemed crazy overvalued. Who could have known?

Hell, it still is crazy overvalued. To justify that p/e they are going to need oceans of earnings.

Starlink... you'll finally be able to have the cabin in the woods AND reasonably high speed internet.

Think of the military contracts.

Installation? Slap it face up anywhere. Done.