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New product announcement, new features. You woudl think the investor community would be happy. What is going on?
The stock was pricing in a 100kWh Model 3 that will be available by Thanksgiving 2014, and costs < $20'000 with available production capacity of 1 million per week.
Since that didn't happen, the investor community is disappointed.
The stock was pricing in a 100kWh Model 3 that will be available by Thanksgiving 2014, and costs < $20'000 with available production capacity of 1 million per week.
Since that didn't happen, the investor community is disappointed.
Are you serious?
IMO the new Model S P85D is too advanced and the investor community is afraid that such a revolutionary car will not be successful.
Yes, and in fact many of those bots are currently employed as analysts on Wall Street. A few also appear regularly on CNBC and Bloomberg TV. These bots are everywhere.Wall Street and their bots do not understand how dual motor electric AWD is superior to conventional AWD.
Yeah I was ready to see the stock at $270+ on Friday. Wow did I call that wrong. If they unveiled the X I would have expected a "sell the news" reaction. So what, we know the X is coming. The D is here and now and contributes to the Q4 financials.what's really funny is, with the "D" announcement, many early adopters will trade in to Tesla, who then certify the used Model S under the CPO program, they'll likely make decent margins on this, plus they are selling the former owner a new improved Model S, at even better margins than they sold the first one to them... it just shows how wrong wall street got this one.
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Wall Street and their bots do not understand how dual motor electric AWD is superior to conventional AWD.
Their impression is that Tesla is "catching up" to Mercedes,Audi, and BMW.
When in fact Tesla is surpassing the legacy automakers by most metrics.
A year from now when they see the deliveries and Average Selling Prices they will begin to get it.
It's very easy to makeup reasons for price action after the fact. That's what financial media does best. Having said that, let me throw in my thoughts:
- Post D price action is a classic "buy the rumor, sell the news"
- Everyone is getting scared of Q3 report. If I were a short-term trader, I would stay out.
- There is no upcoming catalyst lined up (maybe X release but that's several months away), so why go in front of a bad ER
- Overall market is not doing well either. High beta is getting hammered. TSLA trading down along with the rest.
It's very easy to makeup reasons for price action after the fact. That's what financial media does best. Having said that, let me throw in my thoughts:
- Post D price action is a classic "buy the rumor, sell the news"
- Everyone is getting scared of Q3 report. If I were a short-term trader, I would stay out.
- There is no upcoming catalyst lined up (maybe X release but that's several months away), so why go in front of a bad ER
- Overall market is not doing well either. High beta is getting hammered. TSLA trading down along with the rest.
Wall Street simply doesn't understand what Tesla unveiled. All of the articles say some variation of "Tesla is playing catch up. All other manufacturers have AWD and autopilot features". In reality, Tesla just showed how far ahead they are. Elon was partially right when he said the internet got the reveal correct, but not the magnitude. It is Wall Street that didn't understand the magnitude. The internet, and Tesla customers seem to understand the magnitude. These cars are so much better that people who just got previous top of the line cars (arguably the best car in the world at the time) are complaining that they didn't receive the (head and shoulders above the rest) best car that Elon and Tesla displayed on Thursday.
This reveal also shows that the Model X, and Model 3 will be awesome. The rate of improvement is astounding, and we haven't even got into batteries yet!
New product announcement, new features. You woudl think the investor community would be happy. What is going on?
i agree with what you said but i also think several factors have convergedThe price plunge is linked (at least temporally) to the D event, so I find it hard to credit theories that the price weakness relates to Q3 delivery worries, etc. Those secondary items might fail to support the price, but the trigger was clearly disappointment by investors collectively in what they saw on Thursday.
As for me, I was delighted by what I saw on Thursday. It tells me that the Model X's range will be as good as the RWD Model S (or close), closing one concern I had there, and that the (hypothetical) Model PX85D is going to blow away its closest competitor, the Porsche Cayenne Turbo (though probably at a bit higher price point for that model).