JusRelax
Active Member
Alex Roy is a personal friend. He’s not stupid enough to be a Tesla short.
Thanks for the clarification. Good to know that he's got good influence from at least one of his friends.
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Alex Roy is a personal friend. He’s not stupid enough to be a Tesla short.
The mindset is easy to understand. Look at today's chart... sell at open, buy back the same shares/calls at 10:30... Bam! You just made a bunch of money.
Edit: It works much better in a tax-free account like a Roth IRA.
Edit 2: I try to do this with a small percentage of my holdings.
The mindset is also very different. We're investing in TSLA because we believe in the company's execution for the next decade and in fairness. We also believe that the world economy will go on. But, what if we don't believe in any of these things? What if we only believe in ourselves and rather go home with cash than trust someone else with it everyday?
I know it looks like FUD but, in this case, I think the author might just be a highly educated individual who is uninformed about the actual statistics and how Tesla's FSD works. He certainly seems to have a background in urban transport and believes in climate change and the need for sustainability. I think he just doesn't understand the technology and the attached risks and the rewards.
Sometimes people just need to be educated (and not by the fudsters). It's likely he has no first hand experience with the technology.
I know many people like that. I've been sort of an investment advocate for our social group. Since well before COVID hit, I'd been saying that what you decide to do during a crisis will determine how well you do as an investor; everybody is a genius in a bull market. Surely enough, most people in our group get scared out of their mind by every piece of *bad news* this year. I think 95%+ of them decide to trade instead of staying in the market. What funny is, many of them have a long-term position and almost all of them will admit that their core position is doing much better than their trading account. Still, they don't have enough conviction stay away from day-trading.It's not clear to me how anyone could believe the world economy won't go on and only believe in themselves while still believing that cash is a good solution to this problem. If the economy quits working, cash is worthless. In the long-term, there is no more reliable store of wealth than in the companies that make modern life possible.
IIRC, non-compete clauses are not legal in California so he could go there.Diess's promotion of EVs has been a direct affront to "this is how we do it in Germany". That's probably why he is on the chopping block.
He has also never struck me as a man with a large ego. If you watch his interactions with Elon, he's always played the #2 position and sang Elon's praises.
EDIT - most CEO's have a non-compete clause in their contracts for when they move on. 2-3 years is pretty standard. I would doubt Diess could go work for Tesla even if he wanted to.
Alex Roy is a personal friend. He’s not stupid enough to be a Tesla short.
No. When the author leads with this: "In October, Tesla offered some of its customers an upgrade to its “Autopilot” driver-assistance system called “Full Self-Driving.”"
He knows what the tech is about, and how it's being introduced and is being deliberately obtuse about it. That article is worse than FUD.
IIRC, non-compete clauses are not legal in California so he could go there.
Not that I would personally recommend Diess have more than an advisory or advocacy role if he were to go to Tesla. I fear he would be an unintentional vector for some of the bad habits endemic to management at the legacy OEM’s.
I saw this around 7am this morning but I thought it was fake so I didn’t post it. Now there’s an article on ElectrekView attachment 613472
I saw this around 7am this morning but I thought it was fake so I didn’t post it. Now there’s an article on ElectrekView attachment 613472
Ed Niedermeyer and acolytes tweeting out this article today.
The Biden Administration Needs to Do Something About Tesla
Boy, if I wasn’t a dog person and didn’t have a forum name already, it’d be ‘Spartacat’ all the way baby!But did soldiers write so much dross about cats and Sparta? That poor historian...
We're talking about Niedermayer, right?
Some background on Niedermayer - He hosts the Autonocast podcast along with Alex Roy. Autonocast
Both of them disagree with the approach Tesla is taking to FSD, especially with using the FSD Beta program and unpaid, unprofessional test drivers to help FSD to learn. I don't know if they are personally shorting TSLA, but they are highly regarded in TSLAQ circles, and have consistent conversations with the TSLAQ crowd.
Yeah it's about time the government did something about all these cars that aren't crashing
That anti-autonomous vehicle article actually provides more free advertising for Tesla.