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To state the obvious, companies will buy Tesla Semis and Powerwall after the concepts are proven and after excruciatingly detailed internal analysis and inertia "overcoming". People that buy Roadsters and Model S/X/3/Y/Roadster, etc. are buying on the basis of the usual car-buying factors (largely vanity) plus the desire to personally make a difference, be a trendsetter, support the company mission, enjoy the thrilling performance........
I'm not aware of Buffet ever commenting on Tesla. I actually tweeted Buffet* about Tesla a day or two before TSLA began its monster run in 2013. Based on value investing analysis, the stock looked deeply undervalued to me, and despite Buffet's investment in BYD, I liked the idea of his looking at what they are doing and possibly investing. Of course, I didn't really think he'd actually read my tweet, let alone, act on it. It's just that Tesla just struck me as a generational value investing opportunity Buffet could be blown away with given its extremely highly probable massive moat on massively underpriced earnings potential over the next decades, and, it looking like it would be the first major American heavy manufacturing success story in perhaps decades.
While not the once in a lifetime value investing opportunity on a risk/reward basis Tesla looked like in the $40s in 2013, it remains extremely compelling on a risk/reward basis as a value investment to me today.
I realize that there has been a many years long effort to make people think that Tesla is a "cult" stock, "can't be valued", "is a bubble", etc., etc. by repeating that nonsense over and over. Further and further repetition of nonsense may confuse more people with time, it doesn't change Tesla's probability weighted future earnings.
*well, I thought I'd tweeted him... a couple of years later it was pointed out to me I'd tweeted a fraudulent copy account.
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As moderator, I have warned @myusername that simply reiterating incorrect statements, particularly since I think he knows better, is unacceptable.
Speaking for myself, now that I have to read these comments again, I understand the gut response to help understand and to correct statements, but would counsel resisting the urge.
we don't have to name names, but, yes, there was basically one person here misinterpreting those numbers as a likely outcome. virtually everyone else here was repeatedly trying to persuade that person that the actual numbers would not be anywhere near 100K or 200K.
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This is the best bear article yet. I believe this is what bears think Telsa is like.
Inside Faraday Future's financial house of cards
(Spoiler - its not about Tesla)
Inside Faraday Future's financial house of cards
(Spoiler - its not about Tesla)
Off Shore
Off Topic Member
JRP3
Hyperactive Member
Great. Maybe a reminder in the form of removing his repetitive statements might be effective. It would at least cut down on the noise they generate.
Thanks for the thoughts. We have a similar approach except we don't do individual stock timing - too risky as you suggest.
Reciprocity
Active Member
Order number 1530432. Not buying it.. no way they sold 1.5M hats already. I wonder if there is an order number to HIN decoder.
Reciprocity
Active Member
No one works this hard if they aren't getting paid.
Mike Smith
Active Member
Oh, definitely, a number of us did misinterpret that statement back in the first half of 2016. As it stands, I was also too optimistic for 30k Bolts in 2017.
But we've also had plenty of time to re-examine that statement with the follow up revisions. It's hilarious that you and other bears to still pointing to the misinterpretation in 2017, and especially at the end of 2017. This was sorted out over a year ago with updated projections and re-examination of his statements. And as it turns out, it was impossible for Musk to have been talking about total builds during that transcript. So if the accusation is that Musk meant 100,000 to 200,000 built in 2017 and that was therefore a willful lie, then the evidence within that same transcript debunks it. So either you know he didn't mean 100,000 to 200,000 vehicles built in 2017 and you continue down this path in an effort to deceive, or you don't know and you should re-examine the transcript in its entirety. We've already sorted this out here well over a year ago. Analysts have also sorted it out... no influential analyst baked into their projections the 100,000 to 200,000 vehicle build number. Even the build rate interpretation was heavily discounted.
fwiw, click on those links, nearly all the 100K, 200K comments were you guys just live blogging, i.e. passing on to other TMCers not on the earnings call, what was being said on the call live as it was happening. not analysis, agreement or disagreement, but just transmitting statements on as they were being presented in real time.
more games by m.u.n.. my recollection was this forum collectively never projected 100K-200K. With rare exception, we expected a ramp with bumps, delays, and lower production, precisely as Elon projected in his comments on that very same call which you posted here yesterday.
Krugerrand
Meow
Isn’t most of that stuff long since gone/destroyed/deleted?? They’ve had plenty of time to cover their tracks up until now.
Mike Smith
Active Member
IANAL, as they say (not a lawyer) but I believe it is very much frowned upon by the judiciary to destroy evidence in an ongoing case. If I'm not mistaken it is standard practice to petition the court to prohibit that, and contempt is not at all good for your own cause.
Reciprocity
Active Member
Companies must retain certain records for years, including and especially emails. You are not supposed to be able to get away with deleting them and bleach biting them. Same goes for other organizations and individuals who are involved in a lawsuit.
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