Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[MikeAtkinson]

Elon Musk finally on

Update: not much new - spoke of DOJO in future tense. Doesn't think there are any major obstacles to Level 5, just lots of minor edge cases to be solved.

Audio bad - music in background.

 

[Mo City]

Elon says Level 5 will happen and happen very soon. There are "no fundamental challenges remaining".

Very confident Level 5 can be achieved with current hardware.

He also mentioned something about sound recognition. Interesting.

Final edit: Early on, Elon fully walked the plank on autonomy. If Tesla doesn't deliver something amazing in a few months, his cred should be nuked. If they do, we will celebrate hard.

 

[Mike Smith]

Elon says Level 5 will happen and happen very soon. There are "no fundamental challenges remaining".

He said he still expects level 5 to be complete this year.

 

[UkNorthampton]

For many shareholders, they will not sell for a quick profit but are long-term holders. My thoughts and actions will support this. I support the mission but also love the execution and ideas. Short version:- TSLA to the moon!

I don't have anyone to bounce ideas off, so writing this is a way to crystallise my thoughts. Skip if not relevant.

I've always been a saver and ascetic (non-materialistic) - experiences over things, many would consider me boring. My goal is to be financially independent and look after my family.

I take big risks but only after an agonising amount of consideration and in the past did more agonising than action. I've had some great ideas that I didn't carry on with and saw others do it and do well. I'm a thinker, not a doer.

I am a UK tax resident - the main tax-efficient ways to own TSLA are pensions and ISAs (£20,000 limit on adding each tax year per adult, £9,000 for kids).

So for a couple - £40,000 + (£9,000 * kids) - that's a lot for a working couple to save! In comparison pensions are more restrictive and income is taxable.

We're currently earning - but not as much as before covid and income is at risk next year, secure at half pay for the next year. I'm at 25% of my financial independence goal - if TSLA crashes I can survive but it will be painful.

I never want to sell my Tesla shares, if my income goes, I've decided to borrow for living expenses and investing as much as possible - only selling shares in as far in the future as possible. So preference is to earn, borrow and finally sell shares if I REALLY have to.

I've decided to borrow money to put into ISAs for me and my wife, possibly kids - but that's a lot to borrow and probably difficult/impossible. We will buy any dips or do regular investments or just bite the bullet and buy asap.

I've done some crude modelling based on an assumption that TSLA grows faster than borrowing. I hope to continue borrowing from specialists if TSLA rises again, otherwise I'll hit a borrowing limit but will have another £30,000 in TSLA, most in a new provider as I'm now at risk of my ISA provider going kaput (i need to check guarantees / nominated accounts etc).

My end game is to pay back loans from TSLA dividends, or TSLA share sales in a far future.

Apologies if off-topic - but it's done me a world of good to write this post. Thank you for your patience. [Constructive] criticism welcome, via personal message/conversation if you want.

Oh, you are a lovely crowd of people by the way!

 

[The Martian]

Elon "I think I remain confident that we will have the basic functionality for level five autonomy complete this year."

 

[ZeApelido]

Elon says Level 5 will happen and happen very soon. There are "no fundamental challenges remaining".

Very confident Level 5 can be achieved with current hardware.

He also mentioned something about sound recognition. Interesting.

Final edit: Early on, Elon fully walked the plank on autonomy. If Tesla doesn't deliver something amazing in a few months, his cred should be nuked. If they do, we will celebrate hard.

In a few months??

 

[Tes La Ferrari]

Additional future Forbes headlines at:

https://twitter.com/enn_nafnlaus/status/1280963168827846659

absoloutely hilarious!!!! Thanks for posting!

 

[ZeApelido]

Battery Day
Join S&P 500
Decent working FSD released

Are these all planned to happen around the same time to make the stock moon?

 

[Mo City]

In a few months??

My interpretation of him saying "very soon".

 

[BLSmith2112]

The word "basic" functionality Elon used for level 5 autonomy is a key word here. It could mean under wraps dev build functionality, which could mean anything as far as roll out.

 

[M|S|M MYP]

The former. And the fact that TSLA is not in the S&P 400, so institutions can't move shares from one fund to another. The market cap doesn't influence the mechanisms, it just makes the $ amounts involved larger.



Correct.



Correct.

I just posted this in another thread, which may help further clarify things:



Another way to think of it is that an ice cream truck just sold 160M ice creams to 160M kids for $1,400 each. Now a school bus arrives with 50M (or more) kids who are so hot, sweaty, and hungry, that they MUST buy ice cream no matter what cost. The question now becomes at what price 50M out of those 160M kids are willing to sell their ice cream to the 50M additional kids that will buy at any cost.

Some kids will probably sell for $1,405, a bunch more for $1,450 and $1,500. But what matters is what price the 50Mth kid will sell his ice cream for. What is the ice cream worth to the kid with the 110,000,001st highest 'ice cream price target'.

Maybe we should ask the kid named Adam Jonas how much he would pay for the ice cream!

 

[Beltsbear]

"They don't use batteries to go to space." - Some Idiot explaining why Fuel Cells are a viable technology

When Nikola inevitably fails, he might have a bright future ahead of himself in stand-up comedy.

Nikola CEO explains the competition with Tesla

Because in space , nobody can hear your fuel cell making as much noise as a locomotive.

 

[Tes La Ferrari]

Yeah and +5% ($65/share) never felt so good while springing a Bear trap:

View attachment 562182

Recovered to above Monday's Close and higher in After-hrs session. Imma go with @Lycanthrope on this one: Friday @ ~$1,400 FTW.

Cheers!

Thanks @Artful Dodger I will be more mindful of these bear traps- bought at 1379 & more at 1369.

any tips on how to spot them as early as possible ? ( I’m starting to keep this thread open during the day - lots of intelligence and wisdom here- wish I would have known about it 10 years ago!)

 

[dakh]

Maybe we should ask the kid named Adam Jonas how much he would pay for the ice cream!

He is not allowed to eat ice cream. Maybe that's why his analysis and er questions are so whacky?

 

[M|S|M MYP]

He is not allowed to eat ice cream. Maybe that's why his analysis and er questions are so whacky?

He definitely doesn’t get sprinkles.....cause sprinkles are only for winners!!!!!

 

[PeterJA]

Elon says Level 5 will happen and happen very soon. There are "no fundamental challenges remaining".

Very confident Level 5 can be achieved with current hardware.

He also mentioned something about sound recognition. Interesting.

Final edit: Early on, Elon fully walked the plank on autonomy. If Tesla doesn't deliver something amazing in a few months, his cred should be nuked. If they do, we will celebrate hard.

Call me foolish for trusting Elon's timeline... but I think time is running out to get TSLA at anywhere near the current price.

1) China production report coming this Friday.
2) Q2 earnings coming in two weeks, after Elon strongly hinted there will be profits.
3) Sandy Munro says Model Y cost is SIGNIFICANTLY less than Model 3 cost two years ago.
4) @FrankSG agrees S&P 500 inclusion will SIGNIFICANTLY reduce the share float.
5) And now this from Elon.

This thread today has provided many reasons for an imminent breakout -- info that most people don't have, but they will soon. I'm done waiting for another dip before loading up. Tomorrow is the day.

 

[Bet TSLA]

Elon Musk finally on

Update: not much new - spoke of DOJO in future tense. Doesn't think there are any major obstacles to Level 5, just lots of minor edge cases to be solved.

Audio bad - music in background.

I think it's important to put down Elon's exact words:
"I think I remain confident that we will have the basic functionality for level five autonomy complete this year. So, yes, I think there are no fundamental challenges remaining for level five autonomy. There are many small problems. And then there's the challenge of solving all those small problems and then putting the whole system together and just keep addressing the long tail of problems so you'll find that you're able to address the vast majority of situations."
...
"But I'm absolutely confident that this can be accomplished with the hardware that is in the Tesla today and simply by making software improvements we can achieve level five autonomy."

I think you need to draw a distinction here between having "the basic functionality for level five autonomy" and having actual level five autonomy. He said he's confident that the first will be achieved this year. But I think that long tail of small problems comes after that and he's not even guessing how long that might take, although he's confident the current hardware is good enough to do the job.

Later Elon waxes philosophical: "If you just leave hydrogen out for a while, it turns into us."

 

[M|S|M MYP]

No caption needed.....

 

[printf42]

I think it's important to put down Elon's exact words:
"I think I remain confident that we will have the basic functionality for level five autonomy complete this year. So, yes, I think there are no fundamental challenges remaining for level five autonomy. There are many small problems. And then there's the challenge of solving all those small problems and then putting the whole system together and just keep addressing the long tail of problems so you'll find that you're able to address the vast majority of situations."
...
"But I'm absolutely confident that this can be accomplished with the hardware that is in the Tesla today and simply by making software improvements we can achieve level five autonomy."

I think you need to draw a distinction here between having "the basic functionality for level five autonomy" and having actual level five autonomy. He said he's confident that the first will be achieved this year. But I think that long tail of small problems comes after that and he's not even guessing how long that might take, although he's confident the current hardware is good enough to do the job.

Later Elon waxes philosophical: "If you just leave hydrogen out for a while, it turns into us."

This is bullish AF...

(Actually I just want to make an excuse to have a post on page 8888)

 

[UCF3]

Joining some dots... If Tesla open up superchargers in Europe... It also prevents anti monopoly investigations and might open up public land which might be off limits for proprietary charging. EU is diverse with many local policies, restrictions and grants. Many countries are big on company cars. Your company may force you to have a non Tesla for a few reasons (too posh, not domestic brand, existing direct leasing deals, old policies). Seeing wasted travel time and employee complaints might break down some company restrictions. I see it as a win for Tesla as long as more charging stations open. It might also allow them to buy existing networks with hard to source locations especially in some awkward countries/jurisdictions.

Can someone explain the supercharger network being monopolistic? I’ve never understood that. Tesla invested their own money developing a nationwide network of fast charging. Does it only become monopolistic once Tesla gets into the energy business across the country?

He said he still expects level 5 to be complete this year.

This post should have received more Funny votes. Level 5 being complete can mean a lot of things, but if Tesla isn’t ready to do the cross country self driving demo then Elon shouldn’t be talking about Level 5 being complete this year.