cliff harris
Member
It does amaze me that the stock is even lower in pre-market. Like others, I would attribute a lot of this to macro fears. However, to turn off the bull goggles and strap on some bear goggles, this narrative could be in place:
We all know Q2 is not going to be record breaking, due to 2), so it might be that we wait until Q3, with meaningful contributions from Texas and Berlin, before we actually see the market shift its opinion on the stock. I would say that everyone should wait until Q3 financials / SP of $1,200 before selling any shares at all, or wait until Q1 2023 if you can, and want to get the full benefit of the 2 new factories calculated in.
Also, for all elons (very valid) criticisms of the ESG rating, its the governance bit that he ignores. Tesla DOES seem to be run in a way where the CEO can randomly say anything he likes, to 80 million potential customers, even if drunk/high. I like elon best when he is chatting to tim dodds, not when he is angry or tired and starting political arguments on twitter. The G bit in ESG IS teslas weak point.
- Elon is behaving distracted and erratic on twitter, possibly alienating customers
- Shanghai still not at full production
- Neither Texas or Berlin ramping in any dramatic fashion
- Still waiting for cybertruck, roadster, semi
- Ford EV truck is now a reality
We all know Q2 is not going to be record breaking, due to 2), so it might be that we wait until Q3, with meaningful contributions from Texas and Berlin, before we actually see the market shift its opinion on the stock. I would say that everyone should wait until Q3 financials / SP of $1,200 before selling any shares at all, or wait until Q1 2023 if you can, and want to get the full benefit of the 2 new factories calculated in.
Also, for all elons (very valid) criticisms of the ESG rating, its the governance bit that he ignores. Tesla DOES seem to be run in a way where the CEO can randomly say anything he likes, to 80 million potential customers, even if drunk/high. I like elon best when he is chatting to tim dodds, not when he is angry or tired and starting political arguments on twitter. The G bit in ESG IS teslas weak point.