Tesla is off the rails

[Fermion]

As I type the stock is going up $10 a minute. Currently at $1540, a gain of 10% just today.

Pretty soon it will be worth more than all the other car companies combined.

 

[jim584672]

As I type the stock is going up $10 a minute. Currently at $1540, a gain of 10% just today.

Pretty soon it will be worth more than all the other car companies combined.

Chase it, chase it, its getting away... This isn't going to end well.

 

[Fermion]

Chase it, chase it, its getting away... This isn't going to end well.

Yeah...but when the Cybertruck came out I made a joke that I would invest the price of the truck in Tesla stock and use the profits to buy the truck when it was released...I did not know that it would have been enough to buy TWO cybertrucks

 

[MRG]

Chase it, chase it, its getting away... This isn't going to end well.

A reported twenty billion in shorts, it doesn't end well for someone.

 

[socca]

File a petition to change Tesla's stock symbol from TSLA to TLB (Tulip Bulb).

 

[Car-Guy]

File a petition to change Tesla's stock symbol from TSLA to TLB (Tulip Bulb).

Good analogy... I think people are in for a "shocking" experience

 

[pb4uski]

A pretty rich valuation for a company with $2-3b in annual operating cash flows and $7b in shareholders' equity. Someone is in for a big disappointment.

 

[MRG]

A pretty rich valuation for a company with $2-3b in annual operating cash flows and $7b in shareholders' equity. Someone is in for a big disappointment.

These showed up on the Tesla website last week: https://shop.tesla.com/product/tesla-short-shorts

Causing many internet rumors claim 2Q2020 earnings will put them into the S$P.

 

[jim584672]

15 min TSLA chart:

 

[Walt34]

I'm an index fund guy so I don't have a dog in this fight, but that sure looks like the build-up to September 1929....

 

[aja8888]

If you want to see Tesla stock drop like a rock, about ten minutes after I place an order for 200 shares, it will immediately drop back to $250/share.

 

[njhowie]

ARK Investments still has their $7000 price target out there, which they went on record with well before the stock took off.

https://ark-invest.com/analyst-research/tesla-price-target/

 

[OldShooter]

This kind of thing comes along from time to time. Examples include JDS Uniphase, Enron, WorldCom, Cisco, MySpace, and Amazon. You never know until everything becomes clear in the rear-view mirror.

 

[aja8888]

This kind of thing comes along from time to time. Examples include JDS Uniphase, Enron, WorldCom, Cisco, MySpace, and Amazon. You never know until everything becomes clear in the rear-view mirror.

Amazon is still at it, Cisco is too, but the others you mention are dead and buried.

 

[OldShooter]

Amazon is still at it, Cisco is too, but the others you mention are dead and buried.

My point exactly, though Cisco's tech bubble speculators suffered mightily, it did survive.

 

[audreyh1]

The Mother of all Short Squeezes?

 

[Mr. Tightwad]

This kind of thing comes along from time to time. Examples include JDS Uniphase, Enron, WorldCom, Cisco, MySpace, and Amazon. You never know until everything becomes clear in the rear-view mirror.

I've been hearing this conversation on this forum for quite a while about Tesla. Yet nobody every admits they were wrong.

One can consult the old Tesla thread to see who said what.

 

[Fermion]

I've been hearing this conversation on this forum for quite a while about Tesla. Yet nobody every admits they were wrong.

One can consult the old Tesla thread to see who said what.

You can be right and still be wrong in the stock market game.

 

[Bluegrass]

Old shooter......Amazon?

Two questions:

What do you mean by “this kind of thing”? And why do you include Amazon on a list of companies that have for the most part crashed and burned?

Observation about Tesla: Seemingly lots of problems. The Stanphyl Capital letter to investors from June has a compelling list of reasons for its short position. But in my opinion, the CIO ignores a simple and obvious high probability aspect of our future. Y over Y for the next 50 years, electric cars as a percentage of total cars is gonna go up. In a post combustion engine world (20 to 30 years?) unless your thesis is Tesla is going out of business, I’d rather be long than short. And I also wouldn’t be afraid to enter even now.

(Note, I don’t own any TSLA.)

 

[pj.mask]

I bought about 12 shares sub $600.

My SO said the stock makes you feel brilliant and like an idiot at the same time (should have got more).

I’m going to let it ride, see where it ends up. It’s not like I’ll be able to retire now if I sell it.

 

[MRG]

Two questions:

What do you mean by “this kind of thing”? And why do you include Amazon on a list of companies that have for the most part crashed and burned?

Observation about Tesla: Seemingly lots of problems. The Stanphyl Capital letter to investors from June has a compelling list of reasons for its short position. But in my opinion, the CIO ignores a simple and obvious high probability aspect of our future. Y over Y for the next 50 years, electric cars as a percentage of total cars is gonna go up. In a post combustion engine world (20 to 30 years?) unless your thesis is Tesla is going out of business, I’d rather be long than short. And I also wouldn’t be afraid to enter even now.

(Note, I don’t own any TSLA.)

I just took delivery of a Model Y. I didn't buy it because it's green but it is. I'm not an tree hugger, I logged for a few years, so that's not why. I bought the thing because it was the best answer to my driving problems. I had a lot of vehicles to consider in the price range and nothing does what this vehicle does at least for my needs. I can't even begin to describe the driving experience compared to an ICE vehicle. If you want to know there's many on utube.

When I wake up tomorrow there's a new upgraded driving experience.The side pillar cameras will now be displayed when in reverse with the large backup camera. I understand they can also be turned on while driving eliminating the need for side mirrors. I drove log trucks and know how to drive with mirrors, this is a big deal! A future bundle allows turn signals to turn on the side camera to display the lane you want move in, allowing safer lane changes.

I also spent 30 years in technology and I am absolutely amazed by this implementation of technology. It changes driving especially for those of us who are getting older.

 

[FIREarly]

What is your time horizon to ER?
What is your pain threshold in stock market?
What money are you willing to lose investing in TSLA?
What are your vehicle thoughts for the millennials and younger? Is this in your time horizon?

TSLA stock owner since $600s... watching it since $200s

My personal belief is this is the next Amazon type stock or MSFT from the 80s (whenever it's IPO)

Semi-off-topic, MAYBE Beyond Meat stock will be similar... no info to back this up +/-

 

[ERD50]

I've been hearing this conversation on this forum for quite a while about Tesla. Yet nobody every admits they were wrong.

One can consult the old Tesla thread to see who said what.

Go ahead, name names. Link the posts. We are all friends here, and should be able to admit if we were wrong.

As far as I can recall, I've stayed away from making any projections on the stock price. I may have expressed some amazement at the level, and admit I am even more amazed now, but then, there was that Tulip Mania thing - so nobody knows nothin' is my view.

Two questions:

What do you mean by “this kind of thing”? And why do you include Amazon on a list of companies that have for the most part crashed and burned?

Observation about Tesla: Seemingly lots of problems. The Stanphyl Capital letter to investors from June has a compelling list of reasons for its short position. But in my opinion, the CIO ignores a simple and obvious high probability aspect of our future. Y over Y for the next 50 years, electric cars as a percentage of total cars is gonna go up. In a post combustion engine world (20 to 30 years?) unless your thesis is Tesla is going out of business, I’d rather be long than short. And I also wouldn’t be afraid to enter even now.

(Note, I don’t own any TSLA.)

As many have pointed out, just because an industry is expected to grow, that doesn't mean the early players go on to share in that. IIRC, I published a list of failed auto companies from the early 1900's. I think I stopped at the "C"s, it was a long list. Got any Duryea stock? Same with the railroads.

Holy Cow! I thought I was exaggerating, but that is one long list. Here's just the "D"s:

https://en.wikipedia.org/wiki/List_of_defunct_automobile_manufacturers_of_the_United_States

Detroit Air-Cooled Car Company (1922–1923)
Dagmar (1922–1927)
Dale (1974)
Daniels (1916–1924)[81]
Dan Patch (1910–1911)[82]
Darby Motor Car Company (1909–1910)[83]
Darling (1901–1902)[84]
Darrin (1946, 1955–1958)[21]
Davenport (1902)[85]
Davis (1908–1929)
Davis Cyclecar Company (1914)
Davis (1947–1949)[21]
Davis Steam Car (1921)[86]
Davis Totem (1921–1922)
Dawson (1904)[43]
Dawson Auto-Mobile (1899–1901)[87]
Day Automobile Company (1911–1914)
Dayton (1914)
Dayton Electric (1911–1915)[88]
Deal (1905–1911)[89]
Decatur (1910–1911)[90]
Decatur (1914–1915)[91]
Decker (1902–1903)[43]
Deere-Clark (1906; Deere 1907)[92]
Deering Magnetic (1918–1919)[43]
De La Vergne (1895–1896)
Delling (1924–1927)[41]
Delmore (1921–1923)[43]
DeLorean Motor Company (1975–1982)
De Luxe Motor Car Company (1906–1908)
De Mars Electric (1905–1906; Blakeslee Electric 1906; Williams Electric 1906–1907; Byrider Electric 1907–1910)[59]
DeMot or DeMotCar (1910–1911)[43]
De Motte (1904)
Denneed (1916)[59]
Derain (1908–1911)[93]
Desberon (1901–1904)[43]
De Schaum (1908–1909)
Des Moines (1902)
De Soto Motor Car Company (1913–1914)[94]
DeSoto (1928–1961)[95]
De Tamble (1908–1913)[43]
Detroit Automobile Company (1899–1901)
Detroit Automobile Manufacturing Company (1905)[96]
Detroit Auto Vehicle Company (1904–1908)
Detroit Cyclecar Company (1913–1914)
Detroit-Dearborn Motor Car Company (1910–1911)
Detroit Electric (1907–1939)
Detroiter (1912–1917)[43]
Detroit-Oxford Motor Car Company (1905–1906)
Detroit-Speedster (1913–1914; Saginaw Speedster 1914)[43]
Detroit Steam Motors Corporation (1922)
De Vaux-Hall Motors Company (1931–1932; Continental-De Vaux 1932)
De Vaux Continental (1932–1934)
DeWitt (1909–1910)
Dewabout (1900–1901)[43]
Dey Electric (1917–1919)[43]
Dey Griswold (1895–1898)[97]
Diamond (1914–1915)[98]
Diamond T (1905–1911)
Diana (1925–1928)
Dile (1914–1917)
Dingfelder Motor Company (1903)
Disbrow (1917–1918)[59]
Dispatch (1910)[43]
Dixie (1908–1910)[99]
Dixie (1916)[43]
Dixie Flyer (1916–1923)[43]
Doble steam car (1914–1918, 1922–1931)
Dodge (A.M.) Company (1914–1915)
Dodgeson Motors (1926)
DODO (1912)[37]
Dolson (J.L.) & Sons (1904–1907)
Dorris Motors Corporation (1906–1926)
Dort Motor Car Company (1915–1924)
Douglas (1918–1919)[43]
Downing Motor Company (1913–1915)[59]
Dragon Automobile Company (1906–1908)
Drake (1921–1922)[43]
Drexel (1916–1917)[43]
Driggs-Seabury (1915; Driggs 1921–1923)[43]
Drummond (1916–1917)[43]
Dual-Ghia (1956–1958)[21]
Duck (Jackson model)[100]
Dudly Tool Company (1913–1915)[43]
Dudgeon Steam (1857, 1866)[41]
Duer (1907–1910)[43]
Duesenberg (1920–1937)
Dumont[101][when?]
Dunn (1916–1918)[43]
Duplex (1908–1909)[43]
Du Pont (1919–1931)
Duquesne (1904–1906)[43]
Durant Motors (1921–1931)
Durocar (1906–1911)[43]
Duryea (1893–1917)
Dyke (or St Louis) (1899–1901; Dyke-Britton 1904)[102]
Dymaxion (1933)[103]

Of course, none of that means that Tesla will join the list. I just would not make assumptions, based only on the market size/growth.

-ERD50

 

[Texas Proud]

Just looked.... market cap is 286.5 billion... but it is still losing money...


BMW is $38 billion, Toyota is $175 billion... both are profitable... Toyota made over $2 billion...


It is an innovative company and is the leader in electric vehicles... but it does not mean it will be the only one in the future...


I see bad times ahead for the stock price...


I remember talking to someone back in the early 2000s about EMC.. the stock was in the $75 to $100 range (maybe higher at times)... but the earnings were not there... he sold and made a good profit...


Just looked and Dell bought it for $35 per share a few years back... still a very valuable company but not the inflated price at that time...


IMO, until Tesla can show they can make a decent profit without any govmt subsidy I will have my doubts about it being a going concern... I am sure it will continue to exist, just do not know what the current shareholders will have...




Edit to add.... I own TSLA in a few of my mutual funds... there I am not picking winners and losers, just own a market mix...

 

[LifeIs]

As I type the stock is going up $10 a minute. Currently at $1540, a gain of 10% just today.

Pretty soon it will be worth more than all the other car companies combined.

fly baby fly