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Creating a successful multinational EV company seems easier than building a new nuke plant.

rocketjoe79 says

Creating a successful multinational EV company seems easier than building a new nuke plant.

Stock price and market cap successful?? It's not and never will be sustainable. We're not running out of oil. You can run a nuke for centuries if maintained. Generally transmission lines are in place. The elements needed for the batteries are in far shorter supply and discoverable than oil. 4% isn't gangbusters and all the others are investing in EV's as well. https://www.statista.com/statistics/249375/us-market-share-of-selected-automobile-manufacturers/

Tesla is dead in the water at some point. Musk bought Twitter. A complete waste of money. Nukes print money once online. And it's green. He gives no shits about actual green energy. Look at the massive amount of fuel wasted on a rocket to blow it up. All that money could have been spent elsewhere.... like nukes. Everyone just freaks out from two, mainly one big accident.

It's not the 70's. Nuclear power plants are not blowing up shooting radioactive shit everyone. There's a war going on around nukes in Ukraine and everything is fine. If drunk Eastern Europeans can manage to fight a war and not blow up nuclear power plants, I think we're in good shape building more here in the US.

WookieMan says

The concept of EV's is cool, but don't be fooled by thinking it's better for the environment. It's worse. And yes, at some point houses with EV chargers will be charged more for electric if it's not already happening.

To be fair, I have alot of friends in SoCal that charge their cars from the solar installed at their houses and work places.

I personally never cared about any environmental benefit. I know that my electricity comes from burning natural gas. Tesla was simply the very best car I could afford. I got zero incentives from the government, but it is costing me $100 less a month to own and operate than my old Hyundai Sonata which is not even a fraction of a car compared to the performance and features of my Model Y.

richwicks says

Remove subsidies and taxation for incentives, and let's find out.

Are you saying remove all the subsidies and incentives for oil production which is estimated to be up to $50 Billion a year in the US alone? There were no subsidies available last year when I got my Model Y and it still costs me less to drive than a standard mid-range sedan like my old Hyundai.

richwicks says

It's marketing. Don't believe what a company says. What do you expect them to say?

I believe companies that have a proven track record of delivering on their promises. Granted we have "Elon Time" which means to basically add a couple years to Elon's predictions - but at the end of the day - Tesla and SpaceX are creating and delivering world class technology.

Some people still don't believe that Tesla is going to solve self driving. Look at what they have already accomplished!

Drive from San Francisco to LA with zero interventions.
https://www.youtube.com/watch?v=PEUbnHt_Ezc

socal2 says

I believe companies that have a proven track record of delivering on their promises. Granted we have "Elon Time" which means to basically add a couple years to Elon's predictions - but at the end of the day - Tesla and SpaceX are creating and delivering world class technology.

This.

My favorite is "ElOn DiDn'T Do NuTtIn"

Yeah, what, Ignited internet commerce with Paypal, Tesla is one of the best selling cars in the USA, and Space X has a reuseable rocket that at price per kilo, not even old cheap Soyuz can compete with AND the only fully rated Human Space Capsule in the USA with years of service behind it already, Dragon.

@socal2,

Getting solar installed on our house. It’s pricey for a 14.8 kW system. Hopefully it’ll be worth it. It’s supposed to pay for itself in a decade or so while the warranty is 25 years with 92% efficiency remaining then.

Same here. I bought my S b/c I wanted it. It had nothing to do with the environment. I install solar, and it has nothing to do with the environment. Why do people think we do these things b/c of the environment? It makes sense from a financial POV. That’s all.

We qualify for $7.5k state rebate and $7.5k Federal based on our 2022 tax returns. Been thinking of buying a Model Y just because of this. Net cost after rebate and credit is $35.5k for it, but we don’t need another car. 😂

People just don’t give Elon enough credit. I can totally relate to “Elon’s time”. 😅

WookieMan says

EV's have been around forever at your local golf course.

Yes, been around forever, not just golf carts:



Production of the Detroit Electric automobile, powered by a rechargeable lead acid battery, began in 1907. For an additional US$600, an Edison nickel-iron battery was available from 1911 to 1916. The cars were advertised as reliably getting 80 miles (130 km) between battery recharging, although in one test a Detroit Electric ran 211.3 miles (340.1 km) on a single charge. Top speed was only about 20 mph (32 km/h), but this was considered adequate for driving within city or town limits at the time.
https://en.wikipedia.org/wiki/Detroit_Electric

Model S Plaid with track pack just set new lap record for “a production EV” at Nürburgring. Beat the old time by 8 sec.

https://twitter.com/tesla/status/1665068919109951489?t=5lEEPaezr6Ic-W4Z6huZ5Q&ref_src=patrick.net

https://notthebee.com/article/wow-israeli-survived-attack-from-hamas-and-outran-killers-with-tesla-model-3-that-took-insane-damage-and-still-was-able-to-navigate-him-to-the-er

An Israeli man, only identified by the initial "C" found himself surrounded by Hamas on the day of the invasion on his way to report to the city's emergency squad.

The Hamas fighters started immediately firing upon the man in his Tesla Model 3, aiming at the back and the front of the car. However, since the Tesla is an electric vehicle with no front engine, they were unable to disable the car with the shots.

"They did not realize that it was an electric vehicle, so they shot at the front, hoping to hit the engine that was not there, and at the back, trying to set the fuel tank on fire that the car doesn't have. They shot my tires. I stepped on the gas and they started chasing me," C. said.

C. was chased by the jihadists and reached speeds of over 110 miles per hour. This is while the Tesla had a flat tire.

C. credited the Tesla's all-wheel drive mode for keeping him on the road. He was able to outrun the truck that was chasing him and made it to the hospital to receive treatment for the gunshot wounds he sustained.

He's lucky they didn't hit the battery - that shit burns fast and hot.

That's exactly what I thought.

Hamas just hasn't a clue about Teslas because they never see them. Had they known, they would have gone for the battery.

After hitting a closing high of $479.86 in mid-December, Tesla stock has nearly given up all its post-election gains, a loss of nearly 40%.

Eric Holder says

After hitting a closing high of $479.86 in mid-December, Tesla stock has nearly given up all its post-election gains, a loss of nearly 40%.

Quite a few stocks have given up their post-election gains. Mine are down over $100k from the week after the election.

Eric Holder says

After hitting a closing high of $479.86 in mid-December, Tesla stock has nearly given up all its post-election gains, a loss of nearly 40%.

Yeah - I have lost alot of my gains in the past month. Market and short sellers trying to punish Elon with all the FUD. Being a longterm holder of TSLA is not for the faint of heart. TSLA would have to drop another 40% for me to be underwater. Great buying opportunity!

Absolutely worth it for the work Elon is doing dismantling all the Leftist slush funds and hollowing out the bureaucracy!

HeadSet says

Eric Holder says

After hitting a closing high of $479.86 in mid-December, Tesla stock has nearly given up all its post-election gains, a loss of nearly 40%.

Quite a few stocks have given up their post-election gains. Mine are down over $100k from the week after the election.

That's a fact. But what's the reason? The market doesn't believe the horrible Buden economy we have now would improve soon?

RWSGFY says

But what's the reason?

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

Also, another good year in the market is unlikely after the last two good years.

Booger says

RWSGFY says

But what's the reason?

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

Also, another good year in the market is unlikely after the last two good years.

Agreed but it can be an ok year, mildly up if Trump acts with a bit of sensitivity.

Booger says

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

So it like Warren Buffet was right to go into cash.

HeadSet says

Booger says

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

So it like Warren Buffet was right to go into cash.

I think the market will be up moderately by end of year, 5%-15%, basically inflation adjustment. The US will be saving/gaining a lot of cash from deals, tariffs, DOGE etc. at the expense of an average labor market/UE and continued tighter capital conditions