The market sure loves that Rivian sold a few thousand cars at a huge loss in Q3, with a larger percentage of produced but not delivered than Tesla had....
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The market sure loves that Rivian sold a few thousand cars at a huge loss in Q3, with a larger percentage of produced but not delivered than Tesla had....
When in doubt, zoom out. TSLA is down 1.89% for the year while RIVN is down 74% for the year.
I would nominate this for the offtopic post of utmost merit. Wish I could cut and paste this into Twitter discourseWe're already off the rails so I'll say my bit.
Elon's brain is great at many things, but my impression is that he's greater *inside the realms of physics*. The more he works in a "factual" universe, where things are clearer and more deterministic, the better he fares.
This is where his First Principles mindset thrives. I'm sure his neuroatypical brain is really happy in those domains, he's like Kal-El from Kripton.
He's really good also in more blurred realms a bit outside that. Economy, communication/marketing, design (link in "make things pretty", engineering is his forte). Socially he's a bit awkward but he can be highly effective as well.
But I would stay away from real, dirty politics. When you have 107M followers on Twitter, is just dangerous to state "facts" about history of a country you probably visited once or twice. History of Soviet Union is literally one of the most complex theme of the planet. You can call every major expert in the world and their statements would be wary and devoid of absolutes. They will know they know a little part of the whole. There are no *literal facts*. It's just too complex: it's billion people fighting each other for a century. There is no easy solution, no silver bullet, no clear definition of boundaries. War is messy, it f**ks with your brains, destroys all rationality. What we see now is the consequence of decades of war, cold and hot.
And weighting with a few tweets, well, it's a recipe for a s**tstorm. I know his heart is in the right place on this one but he's not "speaking truth to power", but damaging an already damaged discourse, IMHO.
This is essentially what happens with the used teslas I see for sale on our local ford stealership. They get them from auctions and sell at a healthy profitFun thought. Tesla's margins are so high that they could sell cars to legacy auto at a discount, and then Tesla and legacy auto would still have higher margins than legacy auto has today. (not even talking about EV margins which are close to or below zero for most)
Used prices on Teslas from their website are crazy low right now.
Not to be a totally blind Tesla bull, but you can basically get a 2019 model 3 for $25k + $15k FSD right now, since FSD is included, excluding transportation costs of about $2k (for my area, where it's literally illegal to sell Teslas...one day, humans will grow brains).
Expecting all the OCD people to tear apart my wording there, but that's how it is. Tell all of your friends. Teslas for the people!
What's super funny is a lot of these 2019 Teslas are coming off lease and Tesla basically gets to sell the car some >1 multiple number of times because of this, with the way used car prices are. Heh. Heh heh. Surely this won't impact earnings!
TSLA is down 38.3% since November of 2021, 11 months ago.When in doubt, zoom out. TSLA is down 1.89% for the year while RIVN is down 74% for the year.
You meant YOY, right? (trailing 12 months) and RIVN hasn't been traded for 12 months yet.
For the year (based on close at end of 2021) TSLA is down 31%, and RIVN is down 66%
The "we will coup whoever we want, ha ha" tweet was inadvisableI have not seen an Elon tweet that I didn’t like. Not yet.
The Reserve Bank of Australia (RBA) was widely expected to increase rates by 0.5% today but instead came out with a 0.25% increase. Economic conditions and reasoning behind the increase is similar to the USA market but the RBA appears ready to slow the rate of increases to give tme for the market to absorb the impact of previous hikes. I believe the RBA are the first to do this in this cycle and it could signal a similar direction for the Fed in future meetings. Any softening of stance in this market will be well received.Just watch what the consensus is and the fed does exactly that. They have yet to deviate away from what the market predicted.
Just curious if anyone thought today's drop could be Credit Suisse selling some or all of their 4.8 million TSLA shares
I'm just trying to justify this drop with record breaking P/D numbers released. If 'analyst' couldn't correctly identify that there would be logistical challenges with worldwide deliveries shouldn't that reflect an error in their research and not a problem with Tesla's growth potential? Maybe I'm still in shock/denial phase
There is always that one in the crowd......I thought TSLA was underperforming the market? In any case we could be red at the close.
Institutional analysts would have to nearly double their Q4 estimates for the eventual results to be framed negatively, I think. They can get away with this in Q3 somewhat because the delivery numbers aren't much higher than Q1 or last year's Q4. Then, their estimates become totally egregious as we look out to 2023 and especially 2024 ($7 ).Still hard to fathom how we're down at $250 ($750 pre split) after record P&D numbers and an almost certain record ATH ER coming in two weeks. Makes me wonder if Q4 expectations are too high to realistically pass Wall Street's presumptions? Is Q4 doomed to be a negative hit no matter how impressive it ends up being?