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pay DOUBLE for a iphone versus an Android
MrMagic saysand there's a huge difference between a $60K Model 3 and a $30K Volt, yet they both get you from Point A to B.
And don't forget the $17K Corollas & Civics, which also get the job done, saving even more money for gas.
That's fashion statement stuff, like paying $400 vs $200 for a pair of shoes.
E-man saysLife is too short to make small bets - CEO of Soft Bank. ???
Survivorship bias.
This is a low resolution algorithm guaranteed to fail most people. You are correct though, for someone to go fron normal life savings to rich betting the farm on one risk exposure is a strategy. We have a pat.net contributor doing that w weed stocks now.
Rin saysThat's fashion statement stuff, like paying $400 vs $200 for a pair of shoes.
Welcome to the world of Tesla owners!
They need to turn consitently profitable soon without accounting gimmicks.
Strategist saysTesla isn't a car. It's a spaceship from the future.
This is sounding like my dad's geriatric DeLorean fans talking. And yes, those did look like spaceships which is why Doc Brown put his flux capacitor in one and the kid back in the 1950s thought there was an alien invasion.
bill saysI kinda agree with Warren Buffett when he says Apple should not buy TSLA. Warren is not always correct, but I believe him when he says everybody and his dog will make an electric car. Also, the self-driving car will mean that fewer cars are sold. One car will be able to serve 5 people. I don't own a car anymore. I use UBER and trains and busses and maybe I'll try a LIME (maybe NOT!). And, added hazard, you gotta realize Chinese competition will be fast and ferocious. SAIC BAIC BYD all have better financials than Tesla....
@Rin,
Thanks for the link. Ted Kennedy's wife rented an Aston Martin for a weekend to fulfill his dream? Wow....
A car is a lot more than taking a person from point A to point B. I don't want to be like one of those people who just rents an exotic car on a weekend. I want more than both. I want a car that not only takes me from point A to point B, but a car that I enjoy driving everyday, not just on the weekend. Tesla fits the bill. After 15 months of owning it, the car still puts a smile on my face every time I drive it. What say you @Strategist and @gsr?
E-man saysLife is too short to make small bets - CEO of Soft Bank. ???
Survivorship bias.
This is a low resolution algorithm guaranteed to fail most people. You are correct though, for someone to go fron normal life savings to rich betting the farm on one risk exposure is a strategy.
mell saysThey need to turn consitently profitable soon without accounting gimmicks.
Exactly. He can't make money on the Model 3 at $50K - $60K, but he wants everyone to believe he'll be profitable with $35K Model 3s... because he'll make it up on volume, right Fanboys?
mell saysThey need to turn consitently profitable soon without accounting gimmicks.
Accounting gimmicks? There are huge capital expenditures for building factories and supercharging stations across the country. To be profitable, the company just had to scale back its capital expenditures. Elon already said the company would stay profitable going forward so there's no reason not to believe the man. Watch Tesla will be profitable this 4th quarter again.
A car is a lot more than taking a person from point A to point B.
I want more than both. I want a car that not only takes me from point A to point B, but a car that I enjoy driving everyday, not just on the weekend. Tesla fits the bill. After 15 months of owning it, the car still puts a smile on my face every time I drive it.
E-man saysA car is a lot more than taking a person from point A to point B.
I don't concur because I'm being driven around by livery service and thus, I have a lot more fun eating, drinking, & doing other stuff in my limo than in worrying about the road. Remember, we have bad weather around here, along with crazy drivers.
E-man saysI want more than both. I want a car that not only takes me from point A to point B, but a car that I enjoy driving everyday, not just on the weekend. Tesla fits the bill. After 15 months of owning it, the car still puts a smile on my face every time I drive it.
You said that you've finished working for a living so in effect, you've decided that your retirement is that of a "roadster" but personally, I'd rather be a roadie and be following around rock bands. But since...
Rin saysAnd there's a huge difference between $1K and $50K for the average consumer.
and there's a huge difference between a $60K Model 3 and a $30K Volt, yet they both get you from Point A to B.
Tesla fits the bill. After 15 months of owning it, the car still puts a smile on my face every time I drive it. What say you @Strategist and @gsr?
CBOEtrader saysE-man saysLife is too short to make small bets - CEO of Soft Bank. ???
Survivorship bias.
This is a low resolution algorithm guaranteed to fail most people. You are correct though, for someone to go fron normal life savings to rich betting the farm on one risk exposure is a strategy.
Exactly. The problem is that the winners will always be the singled out story while nobody talks about the losers outnumbering the winners 1:10. I think big bets can work if the you're betting on something that is very likely to turn profitable and mostly debt free going forward, but this was a risky bet. Look at crypto, many put their life savings in it or rode from 500K to millions back to less than 200K. Still it is true that many of those success stories come from big bets while there are more...
anti technology, anti progress, anti visionary friends
In light of that, another luxury automaker influenced by Tesla’s ongoing success is Bentley.
Strategist saysanti technology, anti progress, anti visionary friends
Actually, it's sex robots which will change the world!
Cars, whether they're electric or gas, will be another automated commodity in 15 years, as self-driving tech goes mainstream.
Car on auto pilot. Hot chick in the back seat. Dark windows. What more can you want?
The negative articles on Tesla and Musk that have recently swamped the media are sheer nonsense, most likely funded by those who would be hurt by the end of fossil fuels. Even the SEC probe seems to have an agenda in my opinion. No matter how much Big Oil tries to suffocate electric cars, they cannot and will not succeed. They may have US corrupt politicians in their pockets, but they do not have all the countries determined to end fossil fuels in their pockets.
Lets face it.....New technology that is more efficient, economical, and does more good will always end up replacing old technology that is not needed anymore. Those who are not open to welcoming new technologies are welcome to live like cave men on an island. Who knows, they may even discover fire.
mell saysCBOEtrader saysE-man saysLife is too short to make small bets - CEO of Soft Bank. ???
Survivorship bias.
This is a low resolution algorithm guaranteed to fail most people. You are correct though, for someone to go fron normal life savings to rich betting the farm on one risk exposure is a strategy.
Exactly. The problem is that the winners will always be the singled out story while nobody talks about the losers outnumbering the winners 1:10. I think big bets can work if the you're betting on something that is very likely to turn profitable and mostly debt free going forward, but this was a risky bet. Look at crypto, many put their life savings in it or rode from 500K to millions back to less than 200K. Still it is...
lol make sure you don't get tempted once you sport that body and abs. This is an extremely hard goal to achieve, so kudos. I "just" keep in shape and standing tall but I have found out that even slight muscle tone and workout glow will make women come on strong, so be careful with that marriage!
Still, cellphone .... make that mobile computing, is a viable long term market, which isn't disappearing though it may evolve into clothes, eye wear, upholstery, etc, instead of a handheld device.
In contrast, a car is still just that, a mode of transportation. Ppl needs transportation tools, to get from point A to B, not an expensive toy.
And there's a huge difference between $1K and $50K for the average consumer.
Sounds simple isn't it?
Car on auto pilot. Hot chick in the back seat. Dark windows. What more can you want?
Look at all the money that can be saved by not renting at Motel 666.
Strategist saysCar on auto pilot. Hot chick in the back seat. Dark windows. What more can you want?
Look at all the money that can be saved by not renting at Motel 666.
And the leveling of home prices. A commute of 1-2 hrs each way from Sillycon Valley to Inland Empire would be nothing when one can eat, work out, and sleep in the car during the commute. How then would one justify paying $1mil for a shoebox apartment in the sillycon valley when 1/3 that price can get a house in the location an hour or two away with a yard, to be mowed by a self-driving robot lawn mower.
Guys, what you think my current lifestyle is like, with free livery service? I basically get driven from my home to wherever I want, whenever I want. I listen to a lecture and before I know it, I'd traversed from Boston to Ipswich and I'm nibbling on some fried clams while my driver is then take me to down to Danvers for a slice of Beef Wellington. By the time I'm back home, I had two North Shore specialties while listening to a few lectures and sipping on some gin. If that's not freedom then I don't know what is.
Reality saysStrategist saysCar on auto pilot. Hot chick in the back seat. Dark windows. What more can you want?
Look at all the money that can be saved by not renting at Motel 666.
And the leveling of home prices. A commute of 1-2 hrs each way from Sillycon Valley to Inland Empire would be nothing when one can eat, work out, and sleep in the car during the commute. How then would one justify paying $1mil for a shoebox apartment in the sillycon valley when 1/3 that price can get a house in the location an hour or two away with a yard, to be mowed by a self-driving robot lawn mower.
Pretty good point. Some people could just live in a large RV, and let the Auto Pilot find parking in the outskirts of SF. In the morning while you are getting ready for work, the RV will be heading to your office and drop...
No whore?
Since nobody is talking about building more hydroelectric plants or nuclear power plants, most incremental electricity generation will come from natural gas . . . as will make-up generation for when solar panels don't generate electricity at night.
Where do I start? BEVs are not for everyone. I agree, just like a bicycle is not for everyone. But it is damn good tool if it’s right for you. If you live in an apartment, perhaps you can wait for the charging infrastructure to catch up. I live in a SFH with a garage. It takes me 5 seconds each day to “fill the e-tank”. I drive a 1 year old PHEV, so occasionally I have to buy petro. It reminds me how outdated this fossil fuel way of life is, truly the “frog in the pot” mindset.
My PHEV is Camry sized, has an e-range under 50 miles, and beyond that it becomes an hybrid. To me, it is a good compromise. I have no range anxiety. I use 95% electricity and the rest I use petro, at 1/6 the equivalent price my “neighbor” pays for fossil fuel with his ICE Camry. (To be fair you must compare similar size/class of vehicles) I get the equivalent of 230mpg based on $3/gallon petro, ($.09/Kwh EV rate, solar panels and free charge). I get to use OPE (Other People’s Electricity), free charge at w...
MrMagic saysThe end of the year push to try and sell vehicles using a $7,500 Federal tax credit as a bargaining chip appears to be falling flat on its face for Tesla. A new report by electrek published on New Year’s Eve says that Tesla still has over 3,300 Model 3 vehicles in its U.S. inventory, which sent the stock sliding lower by about 2% in morning trading.
Wow. No one wants those rotten, useless cars. It's a complete failure.
Oh wait a minute, they have so much demand they can't keep up with the deliveries. LOL. LOL. ROFL.
Even from the useless zero brain website....."This, again, comes on top of recent news that Tesla is now has offered to shell out cash for those who have who will miss the full tax credit benefit due to delivery problems "
From a more reliable source:
https://finance.yahoo....
2. Saudis and other oil exporters use the money they earn to buy US treasury instruments and park their earnings in investment vehicles conjured up by NY banks. They are part and parcel of the global dollar recycling process. When someone like Qaddafi became too full of himself, he and his entire ill-gotten gain were harvested . . . just like pigs and cattle are slaughtered after they convert grass and slop (nutrients inedible to human) into meat (edible to human). Oil is a vehicle by which the US taxes the rest of the world to finance our military dominance (Saudis and other oil exporters are tax-farmers). If countries like Germany, Japan, Korea, Taiwan, China and India could all become energy-independent by putting up some solar panels and windmills, how could they be induced to help pay for US military (or exporting consumer goods to the US, so US companies can specialize on military weapons)? If/when that happens, how would anyone be able to convince the American public to financ...
1. All nuclear power plants currently exist on this planet are primarily for weapons production, not for power generation;
A portion of the oil money Arabs derive goes to fund terrorism. Probably a hundred times that amount is spent by the rest of the world to fight those same terrorists.
The US does not derive money directly or indirectly by taxing the rest of the world for oil. If anything, the US spends a lot more to defend countries that should be spending more for their own defense. Their defense does not come from some kind of a tax imposed on them by the US.
Not sure what you really mean here.
19% of the total electricity generated by the US comes from nuclear power plants.
80% in the case of France.
Germany and Japan both have lots of nuclear power plants, but no nukes.
The money spent on fighting "terrorism" and defending allies is money that has to be spent anyway or has already been spent in order to have a dominant military in the world. In the post-WWII world (or even today), having the US being the dominant power of the world (instead of letting the Soviet Union, for example) was/is a necessary "evil." Active combat against minor opponents in limited conflicts was a necessity to field-test weapon systems as well as personnel training.
Countries under the protective umbrella have been paying for the protection by having to export to the US to earn dollar in order to buy oil. The ME oil exporters functions as a tax-collector for the dollar-denominated world: by recycling the dollar that exporters like Germany, Japan, South Korea, Taiwan, etc. etc. earn back into the US. The need to buy oil in dollars is what gives the dollar value overseas, just like domestically it is the need to pay taxes in dollars that give the dollar value. Debt denom...
Both Germany and Japan have huge stockpiles of Plutonium, which enables each country to become nuclear power within a few weeks when there is political will
If I understand you correctly, you are saying high oil prices, and more terrorism would be beneficial to us?
Both Germany and Japan have huge stockpiles of Plutonium, which enables each country to become nuclear power within a few weeks when there is political will
I remember reading that some time ago. Japan has a mountain of plutonium and is only 2 months away from nuclear weapons because they have all the technology and materials necessary for a nuke. I don't think that was the real purpose for Japan and Germany to have nuclear power plants.
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It's over $300, with a loss of $10/share, but revenue just keeps going up. Hard to figure out what a fair price is since it doesn't make money yet.
How would you come up with a fair price per share?