Tesla Talk

ELM327 wrote: »

Plenty of other stocks have gone down in the past 2-3 weeks, mostly big tech mncs. All are doing similar to Tesla, recovering value this week.
Something bigger is afoot.

Yes. Institutional investors are pulling out of tech stocks overall and moving into other segments of the market overall in the US market. At least, that seems to be the notion.

Tesla did get a bigger hit, when Barrons fund had to sell 1.8 million shares, as it just had become a too big position of the fund and had achieved it's investment target. That was last week. He's not sold any of his personal shares.

/M

Kramer wrote: »

My (first released in) 2016, air-cooled battery, Korean economy car was more efficient than Tesla's best. It was actually far easier to get more efficiency too because it coasted - none of that one peddal driving malarchy :P.

It's the exception though. I mean compared to other BEVs. And the cooling isn't all of it, that makes up the range.

Kramer wrote: »

I hope you didn't invest too much at $850. It's never easy to see one's hard earned money disappear into the back pocket of a tech billionaire .

Nope. 2 of my shares are bought above the current valuation. One of them barely. It'll be profitable again today, I reckon.

Kramer wrote: »

For the record, have a Tesla, it's OK, but it's no Porsche :pac:.

I don't own a Tesla, nor a Porsche ... oh wait .. I have an oul clapped out Porsche 924 sitting in the shed. But I will probably buy a Tesla eventually. I nearly did before Xmas.

/M

garo wrote: »

Also note how GME turned out in the end.

That there was pure speculation and a big gamble. Actually on both the hedge funds and the retail investors. And a lot .. especially hedge funds, but also retail investors, got hurt on that one. That can hardly be compared to the Tesla situation.

garo wrote: »

TSLA has been in a downtrend for the past month and a half but it is still up 8x in the past year.

As have most tech stocks for above mentioned reasons. They'll rebound. As I said ... unless you're in it for the long term, don't buy it. A lot of future stuff is build into the pricing. And it shot that far up, because it has been held down for so long, while there was no reason for it apart from short positions. Market dynamics.

/M

garo wrote: »

I don't understand what you mean by "it was held down for so long". By whom or what?

By short positions. If you look back on Tesla stock from 2014 to 2019, the stock price was sitting at approx 200$ the entire time (45$ split adjusted), while they literally were growing and evolving with no reflection in an increase in stock pricing. And that's not how a stock should react, when a company grows positively.

In January/February 2020 the stock then started climbing, probably as a result, how well Giga Shanghai had been executed. The first cars came off the assembly line just before end 2019.

It dipped again with the shutdown of both factories because of Covid, but it's gone up majorly ever since.

There's a number of factors to that: profitable quarters even if you discard carbon credit sales, inclusion in S&P500, 500k production achieved that was touted in 2014 and well, the high amount of retail investors, which probably is part of Covids fault. More people sitting at home having nothing better to do than looking at the stock market

So the stock has just been catching up on the growth it didn't have in previous years. Just my personal 2c. Don't take it as gospel.

garo wrote: »

You recall their SolarCity acquisition at a ridiculously high price?

Yes, I do. There's mixed opinions on that one. Worked out in the end though.

/M

slave1 wrote: »

Anyhow, another feather to the Tesla cap perhaps, the Tesla Mobile...matching into Starlink

Yep .. there's been teasing about that going on for a few days.

/M

garo wrote: »

You need to show us how short interest has changed since 2013 for your thesis to be correct. If short interest has remained the same or even increased then your theory of stock being held down down not hold.

The TSLA shorts lost more last year than any other shorts on any other stock has ever lost on any financial market. I guess those fools learnt a very hard lesson and won't try it again. There were plenty of them on the TSLA stock value discussion thread but we obviously haven't heard from them in quite some time

This is the wrong thread for the TSLA stock value discussion, it's off topic here. This is the thread for it:

Linky

slave1 wrote: »

So the Sandyford Supercharger has moved to "permit" status on superchargeinfo.

Good news, moved to Permit status, V3 superchargers

Bad news, 4 stalls :eek:
Much rather 8 stalls at 130kW

It’s quite a small site, they would struggle up fit 8 stalls in there.

slave1 wrote: »

Now if they could just sort out Enfield which is now at number 4 worldwide waiting list

Ha! I've been told it's coming next quarter - when I ordered my Model S in 2017... Still bleedin' waiting..

Barely a month after their update in last months annual results, they’ve kicked the delivery date out on the Plaid to “mid 2022”, and also pushed the price up.
They really didn’t know this just a few weeks ago? Come on.
These guys really are jokers when it comes to dates.

https://finance.yahoo.com/news/tesla-delays-model-plaid-plus-052321952.html

slave1 wrote: »

That's just the Plaid Plus that's pushed out, the Plaid is not impacted.
In reality how many would have been going for the Plaid Plus?

Tesla change their car prices all the time, a lot of times they go down!

I appreciate that, but to put it in some perspective, they announced the Model Y 2 years ago (Mar 2019), and there’s no sign of them here for the foreseeable.

VW announced the id4 at the end of sept and 5 months later the first Irish deliveries happened this weekend.

They can’t deliver on even half of their promises.
Delivering cars in Ireland is all that matters; what they deliver elsewhere is meaningless. the Y is a real contender here, but the id4 looks like it’s going to fit our market requirements like a glove.

If you buy a M3 today, which is a pretty ‘new’ car for us, it’s a car announced in March 2016, five years ago

It was easy for Tesla to have people’s patience while the others were dithering for years. Now they’re producing at scale and Tesla will lose that patience very quickly for something that’s a commodity purchase for most folks.

sk8board wrote: »

Delivering cars in Ireland is all that matters; what they deliver elsewhere is meaningless. the Y is a real contender here, but the id4 looks like it’s going to fit our market requirements like a glove.

sk8board wrote: »

It was easy for Tesla to have people’s patience while the others were dithering for years. Now they’re producing at scale and Tesla will lose that patience very quickly for something that’s a commodity purchase for most folks.

One thing is, that you're talking about delivery times for Europe / Ireland, which didn't exist for Europe in the first place. It's a known fact, that the Model Y won't be available for Europe until Giga Berlin is build. Yet you speak about broken promises. I can't recall, that they even gave us a launch date for the Model Y in Europe yet.

The other thing is, that they're still selling every single car they build .. anywhere in the world. They can't build enough cars, even at scale, at the moment. And to sell those in areas, where they actually produce them makes the most sense.

So as long as there is more demand than what they can supply, it's only a problem for those who can't wait. There's overall more going for a Tesla than any of the other EVs. Especially if you want to travel longer distances

[RANT]But then again, most irish car purchasing individuals don't bother checking the details. There's a reason car companies ship lower spec models to Ireland than any other country[/RANT] Because as you say .. it's just a commodity, so it'll be grand. Why do you think, that Ireland most certainly won't get prioritised ? Hint, hint.

/M