patrick.net

someone else says

Straw Man says

Tesla patents are free to everyone.

Why did they make the patents free to use?

Here's my guess:
To ward off the oil companies from taking over Tesla, and stopping the rise of the electric car. Tesla wasn't worth much back in 2014 when it put all its patents into the public domain. The oil companies worldwide are worth $ trillions. They have an unlimited spending power. Politicians are in their pockets. Research scientists are in their pockets. They can take any technology they want and permanently shelve it. By giving away their technology to the world, Tesla ensured the fucking oil companies could never own those patents. Elon Musk is a hero.

mell says

Bye bye TSLA.

Dead on arrival.

https://cleantechnica.com/2017/08/19/economist-announces-death-ice-finally/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+IM-cleantechnica+%28CleanTechnica%29
The Economist Announces The Death Of The ICE (Finally)

Booger says

I'd rather have an electric car (not Tesla) than a Mazda. Mazda makes shitty cars.

Good man. You will save money while putting the Saudis out of business. And our air will be cleaner.

Amazon is another whose valuations I don't get-my loss!! perhaps i need to understand better.

Never had a Mazda but I'd rather have a hcci than an electric car. Not to mention hccis and modern diesel are already better in total emissions than EVs.

Booger says

I'd rather have an electric car (not Tesla) than a Mazda. Mazda makes shitty cars.

I was surprised as well to see Mazda of all to come out with this. Not necessarily known as the greatest car maker, but with dedicated fan base. We'll see.

$297.80/sh -23.27 (-7.25%) As of 1:01PM EDT.

https://finance.yahoo.com/news/tesla-model-3-volume-production-213200872.html

Tesla Model 3 volume production delayed 3 months as company posts loss of $619.4 million

zzyzzx says

Tesla Model 3 volume production delayed 3 months as company posts loss of $619.4 million

WTF. I signed up for one on the very first day, and I still have no idea when my turn comes up.

TSLA going to $50-$100. What a beautiful short that would've been at $380. The jig is up.

How can people ignore fundamentals so easily???

Love these blast from the past stock posts lol.

In the 20s when this post was made? Up 12x?

mell says

TSLA going to $50-$100.

When?

KimJongUn says

mell says

TSLA going to $50-$100.

When?

Who knows. When they run out of gullible funding. If you want to be more on the safe side, set the bottom price target to $150-$200. This company has no fundamentals, just Musk.

The fact that he was able to tweet away to get it up to $380 was just laughable. I'm still baffled how a company that doesn't make a single product that costs more than does to produce can be valued higher than car companies that sell two orders of magnitude more cars than said company while profiting.

mell says

KimJongUn says

mell says

TSLA going to $50-$100.

When?

Who knows. When they run out of gullible funding. If you want to be more on the safe side, set the bottom price target to $150-$200. This company has no fundamentals, just Musk.

Too vague to be actionable.

KimJongUn says

mell says

KimJongUn says

mell says

TSLA going to $50-$100.

When?

Who knows. When they run out of gullible funding. If you want to be more on the safe side, set the bottom price target to $150-$200. This company has no fundamentals, just Musk.

Too vague to be actionable.

Yeah and you shouldn't short a momo stock like this unless you have deep pockets. It can run up on the slightest hype like it has destroyed any shorts from $20 to $380. In the end fundamentals will likely win, I give it 1-2 years for a serious decline of at least another $100, but still wouldn't short it. There are much better and safer shorts out there such as CMG. AMZN is fundamentally a good short as well, but you can only start touching those once the general economy and/or market goes into a tailspin, then those companies should be the losing leaders. Anyways, I only recommend long positions here, Going broke shorting is too easy.

BayArea says

Love these blast from the past stock posts lol.

In the 20s when this post was made? Up 12x?

@BayArea,

I made a little bit of money trading the stock, but it paled comparing to had I hung onto the stock. I wish I knew then what I know now. After I became a Tesla owner, I realized I completely missed the boat on this company. NVDA and AMZN are companies that I've missed, but my mind was so into real estate at the time. Thankfully, I've made my money with Bay Area real estate so I have nothing to complain about.

$100k can't really change your life, but $1M can... A tennis friend of mine who bet the farm on TSLA when it was in its infancy. He accumulated over $500k worth of TSLA stocks in its 20's and made it big when TSLA popped. He was betting on it with conviction as he put it after he listened to Steve Jobs. "Find a company you believe in and bet big on it." He sold a good chunk of it and bought a million dollar home all cash at the age of 47, the first time he ever owns a home. He bought himself a new Tesla, quit his job at ORCL and started his own consulting firm.

Good luck with your investments.

E-man says

A tennis friend of mine who bet the farm on TSLA when it was in its infancy. He accumulated over $500k worth of TSLA stocks in its 20's and made it big when TSLA popped. He was betting on it with conviction

That's great for him and in the end the net gain counts. However this was a very risky play as the majority of its move was just hype while fundamentals kept and keep deteriorating. It works for some companies, esp. in modern technology when coupled with politics and tax breaks and big institutional money supporting it and crushing the shorts. If/when one or more major investors start reducing or pulling out of their position, this will crash hard and leaving a lot of people holding the bag. Of course Musk could succeed with TSLA, but chances are slim at this point. However until major investors start bailing shorting this remains risky, too much fund money rammed into this.

https://seekingalpha.com/article/4121231-10-qs-hidden-bombshell-tesla-yet-ordered-crucial-model-3-production-equipment

mell says

E-man says

A tennis friend of mine who bet the farm on TSLA when it was in its infancy. He accumulated over $500k worth of TSLA stocks in its 20's and made it big when TSLA popped. He was betting on it with conviction

That's great for him and in the end the net gain counts. However this was a very risky play as the majority of its move was just hype while fundamentals kept and keep deteriorating. It works for some companies, esp. in modern technology when coupled with politics and tax breaks and big institutional money supporting it and crushing the shorts. If/when one or more major investors start reducing or pulling out of their position, this will crash hard and leaving a lot of people holding the bag. Of course Musk could succeed with TSLA, but chances are slim at this point. However until major investors start bailing shorting this remains risky, too much fund money rammed into this.


The definition of success should be that this company is stable, profitable, and doesn't burn through cash left and right. At this stage of the game, most people would scream failure if this Stock dropped down to $20 while accomplishing that. The valuation is completely insane and it appears that the investors actually want to see an indication of the profitability turning around at some point. Right now, given their failure to deliver on their Model 3 promises, it looks like this company still has a lot to learn when it comes to production. As they burn through cash, they better learn real quick before the big boys blow them out of the water.

i see some bitcoin “believers” in here...time to go big?

DooDahMan says

Any of the prognosticators that commented on this thread have any regrets ?

I’ve made well over six figures on TSLA so no regrets from me. Still own 300 shares. Writing/Selling puts and covered calls on it regularly. It’s my bread and butter with high IV, which means high premiums on options.

New Tesla Gigafactory in Mexico may be for cheaper Model 2 production with US$10 billion investment

The initial US$1 billion Tesla investment in its newest Gigafactory in Santa Catarina may be expanded to US$10 billion when the plant starts assembling a new, cheaper to produce model there in a few years. Elon Musk already met twice with local officials there and Tesla has reportedly acquired the Giga Mexico plots, too.
Daniel Zlatev, Published 12/19/2022 🇫🇷 🇪🇸 ...
E-Mobility

https://www.notebookcheck.net/New-Tesla-Gigafactory-in-Mexico-may-be-for-cheaper-Model-2-production-with-US-10-billion-investment.675769.0.html

Tesla Stock in 5 Years: Will Elon Musk’s Company Keep Leading the EV Market?

https://capital.com/tesla-stock-price-in-5-years#:~:text=As%20for%20the%20long-term%20outlook%20for%20Tesla%20stock%2C,a%20baseline%20Tesla%20stock%205-year%20forecast%20of%20%241%2C534.22.

11 Problems With Tesla Nobody Talks About

Tesla has done a lot for the EV industry, but owners are still facing countless problems with the brand's vehicles.

https://www.hotcars.com/problems-with-tesla-nobody-talks-about/

zzyzzx says

Tesla, Inc. (TSLA)

244.20-12.80 (-4.98%)

As of 10:18AM EST. Market open.

http://www.marketwatch.com/story/tesla-shares-slide-more-than-3-as-goldman-downgrades-stock-to-sell-2017-02-27/

Tesla shares slide more than 4% as Goldman downgrades stock to sell

Goldman is expecting the launch of the Model 3 to be delayed and expects Tesla shares to be pressured through the year by an accelerating free cash flow burn rate. The company is expected to raise capital again before the fourth quarter, after Chief Executive Elon Musk acknowledged that need on the company’s latest quarterly earnings call.

“We see room for shares to de-rate as the Model 3 production launch likely disappoints and as an unproven SolarCity business model likely weighs on the company’s focus/results,” said Tamb...

Someone revived this thread today. A flash from the past. It’s fun to look at the comments. 😁

GS had a sell rating at $244 in 2017. Adjusted 15:1 stock splits = $16.20/share. TSLA is trading at $125 after a 70% from the peak. What I’ve learned in real life experience is that if the GS analyst was so smart, s/he wouldn’t be working for GS, but for him/herself. Warren Buffett is correct in his assessment.

Someone disliked this thread. 😂😂😂

This guy is truly a Tesla fan. He bought his house in 2020 for $2,069,420. Just sold it for $2.825M. Used some of the proceeds and bought 10k more shares of Tesla. Incredible.

https://twitter.com/jasondebolt/status/1618716587963588608?ref_src=patrick.net



I spent $30k buying leap debit call spreads in the hope of making $90k in a couple years if things work out. Break even on the $160/$210 call spreads today. Still down $336 on the $200/$250 ones as I was averaging down. Green on the rest of them.

Yep, I should have added shares at the bottom. But, my portfolio is already "overweight" with Tesla Shares. I should have said F-that, sold off crap like Roblox and bought at the bottom.
Their energy biz for grid-scale battery packs is sold out through 2023 and beyond.
Once they start making Cybertruck deliveries, that's pure profit. Tesla has 1.5 million units in backlog @ $60k min each. That's $90 Bn in orders.

rocketjoe79 says

Yep, I should have added shares at the bottom. But, my portfolio is already "overweight" with Tesla Shares. I should have said F-that, sold off crap like Roblox and bought at the bottom.
Their energy biz for grid-scale battery packs is sold out through 2023 and beyond.
Once they start making Cybertruck deliveries, that's pure profit. Tesla has 1.5 million units in backlog $60k min each. That's $90 Bn in orders.

So what's the price forecast for the EOY?

zzyzzx says

I think I've only seen a Tesla in person once. For comparison purposes, I see Chevy Volt's all the time.

SFBA is now as lousy with Teslas as it was with beige Corollas in the 00s.

https://www.zerohedge.com/markets/tesla-model-y-passes-toyota-corolla-become-best-selling-car-world-2023

Tesla Model Y Passes Toyota Corolla To Become Best Selling Car In The World In 2023

Booger says

Tesla Model Y Passes Toyota Corolla To Become Best Selling Car In The World In 2023

Wow. I wonder if over time the cumulative sales will outpace the Ford Model T.

Booger says

https://www.zerohedge.com/markets/tesla-model-y-passes-toyota-corolla-become-best-selling-car-world-2023

Tesla Model Y Passes Toyota Corolla To Become Best Selling Car In The World In 2023

And Tesla is making Ferrari level gross margin on every car they make - not even including government subsidies. Every other automaker making EV’s are losing money on every EV they make.

Eman says

I want to get some thoughts on this electric car company. It looks like they are not going to make money anytime soon. However, this stock can be a great trading vehicle with a strong support in the low 20's.

Thoughts?

Thanks.

#energy

Well, the original post didn't age well......

Teslas are EVERYWHERE on my commute to Orlando each weekday. Seems that every tenth car is a Tesla.

However, I live in an Engineering/Aerospace Heavy area.

Car stocks in general suck as do airline stocks.

If you buy mutual funds however, it's likely some TSLA is in the mix, oh well.

My BIL was shitting all
over TSLA as a stock and a company back in 2011-12. Knowing what I know about his general judgement I went ahead and bought some TSLA stock. Low and behold: it's 2023, my BIL is praising his standard-range MY as a supercar and best thing since sliced bread and does not remember what he was saying a decade ago (the latter is typical, lol). Me? Still holding that stock in tax-advantaged accounts.

Booger says

https://www.zerohedge.com/markets/tesla-model-y-passes-toyota-corolla-become-best-selling-car-world-2023

Tesla Model Y Passes Toyota Corolla To Become Best Selling Car In The World In 2023

Probably has more to due with supply chain issues and/or Toyota intentionally limiting supply then the cars themselves.

zzyzzx says

Booger says

https://www.zerohedge.com/markets/tesla-model-y-passes-toyota-corolla-become-best-selling-car-world-2023

Tesla Model Y Passes Toyota Corolla To Become Best Selling Car In The World In 2023

Probably has more to due with supply chain issues and/or Toyota intentionally limiting supply then the cars themselves.

Eh.... Toyota does make good cars. The problem is corporate. I've learned a lot about my one neighbor over the years. He himself has made massive mistakes. No joking he ordered 10k Sienna minivans for the entire Chicagoland and it was supposed be be 1k based on monthly inventory. An actual typo adding one zero.

Once that order goes in, production ramps up for a 10k order. He fucked up. It was pre-covid, but you could have gotten a Sienna if you're a minivan person for super cheap in our region. They still sold and it's corporate so no one really actually cares. Show up to work, pick up the phone and you'll have a job without a recession.

RWSGFY says

Me? Still holding that stock in tax-advantaged accounts.

Me too. Bought early before the first splits and bought some more during the latest dips.