I wathed this 2 years ago, I believe. Hard to swallow what GM did. It seems to be a decent start and plenty of followers on the EV1 at that time.1. Watched who killed the electric car
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I wathed this 2 years ago, I believe. Hard to swallow what GM did. It seems to be a decent start and plenty of followers on the EV1 at that time.1. Watched who killed the electric car
I dunno. I thought Tesla is already Apple of car makers, though not yet reach its full potential as current Apple. Should take out the "if", and go straight to the calculations.
100% agree. That is what I learned as well. It makes you much more resilient against all the FUD out there. Knowledge is power. I was talking to a friend the other day about investing. Talking about Tesla. He found it investing in TSLA too risky. My reply was “How can this be risky when they have $20 billion in cash and hardly any debt?” …. SilenceI do advise learning more about the company you invested in, so you won't be among the 99% you mentioned.
One addition on the knowledge is power front - I consider owning and driving a Tesla on a daily basis to be crucial to a long term buy and hold investment. The money used to buy the Tesla isn't a lost opportunity cost - it's possibly the most important thing one can do to help with the resilience to FUD. A daily reminder that the product matters, and the Tesla product is .. good100% agree. That is what I learned as well. It makes you much more resilient against all the FUD out there. Knowledge is power. I was talking to a friend the other day about investing. Talking about Tesla. He found it investing in TSLA too risky. My reply was “How can this be risky when they have $20 billion in cash and hardly any debet” …. Silence
that is why this forum is so important
To be fair, it's easy to see this way now. However, before M3 was in high volume ramp, invest in TSLA was quite risky. I started my Tesla investment in mid 2018, Compared to those started earlier, it was not too bad. At least I can see and feel the products (MS and MX). I went >90% of my ROTH IRA, Personal Savings, HSA and teenage kids' Savings after:“How can this be risky when they have $20 billion in cash and hardly any debet” …. Silence
I had a friend at work ask if Tesla was still losing money.100% agree. That is what I learned as well. It makes you much more resilient against all the FUD out there. Knowledge is power. I was talking to a friend the other day about investing. Talking about Tesla. He found it investing in TSLA too risky. My reply was “How can this be risky when they have $20 billion in cash and hardly any debet” …. Silence
that is why this forum is so important
Guy must not have a TV or access to the internet. Tesla joining the trillion dollar club is a bigger deal than S&P announcement. There are 500 s&p companies, but only 5 trillion dollar companies.I had a friend at work ask if Tesla was still losing money.
There is still a big disconnect about Tesla and Joe Public.
Yes, I remember that. I bought my shares in 2018 too. There was a quite stressful time with the ramp of the M3 production. I was in the red a long time with my shares. I regularly took my car for a drive, just to get a bit more relaxed and to convince myself that it will be OK in the long run.One addition on the knowledge is power front - I consider owning and driving a Tesla on a daily basis to be crucial to a long term buy and hold investment. The money used to buy the Tesla isn't a lost opportunity cost - it's possibly the most important thing one can do to help with the resilience to FUD. A daily reminder that the product matters, and the Tesla product is .. good
Worth noting - regular lurking and contribution on TMC is probably more important to me, but the two - own and drive a Tesla + TMC = golden goose that keeps on giving. Or in my case - early retirement.
Thank you TMC!
I had a friend at work ask if Tesla was still losing money.
There is still a big disconnect about Tesla and Joe Public.
The leader right now has 8.5% market share. If ICE manufacturers don't recover Tesla could take that lead with 5M cars in 2023.As we all know, Tesla absolutely dominates EVs, but yet to dominate total market share. They'll need to make at least 10M/year to do that I suspect by 2025, but the momentum that is building now is the foreshadowing. I guess the market will just need to see Berlin and Austin fully ramped which I'm targeting Q4 next year to be that moment. Guessing a 2M/year runrate from all factories at that time.
What is going to be truly magical will be the inflection of the switchover to 4680s at volume when 2170s start being less than 50% of total volume production. Huge, crazy, off-the-chart margins. When this happens is more of a SWAG, but hoping for Q4 2022 as well.
Hell yes.I don't get all the talk about suggesting how Elon Musk should spend his fortune.
1. Do you really think, you know better than Elon himself?
2. Wealthy people are short of cash. Its not like he has millions or billions sitting around somewhere (couch cushions?). Otherwise he would not be wealthy
3. Were he really to sell some of his stock to pay for a world food program, any other charity or personal consumption, suddenly he would not be so wealthy as the stock price would fall like a rock. The wealth is only on paper and there is no easy way to cash out (the market and the taxes would take their toll).
So better we trust EM himself to make the right decisions.
I had a friend at work ask if Tesla was still losing money.
There is still a big disconnect about Tesla and Joe Public.
It is important for everyone to look in the mirror that is the EV support bill crafted by your elected representatives. That means you own it and it is an accurate reflection of you, your heart, your entire being. That bill is who you are.I don't get all the talk about suggesting how Elon Musk should spend his fortune.
1. Do you really think, you know better than Elon himself?
2. Wealthy people are short of cash. Its not like he has millions or billions sitting around somewhere (couch cushions?). Otherwise he would not be wealthy
3. Were he really to sell some of his stock to pay for a world food program, any other charity or personal consumption, suddenly he would not be so wealthy as the stock price would fall like a rock. The wealth is only on paper and there is no easy way to cash out (the market and the taxes would take their toll).
So better we trust EM himself to make the right decisions.
1.) I’m a de-jedi-generate gambler like my father before me.
2.) Bored watching the descent from 900 to 550 and slow rise back up over 900 in 7 months time. TSLA did not do much for longs if you were not consistently buying the dip. Buying the dips might not have been possible either if capital was already fully deployed.
3.) Overall portfolio balance with options outperformed a scenario compared to sitting with static shares.
4.) It irritates my wife.
5.) You learn much more about the market and hone your investing craft when +/- 10% swings is an ordinary day.
6.) I'm a smooth brained ape that can't process the security and benefits of "time in market" vs "timing the market".
7.) It irritates my wife's friends and their husbands waiting for me to fail. (HE MUST BE LOSING BIG AND NOT TELLING YOU RIGHT? LOL)
8.) I offer a valuable service by providing liquidity to people like Dr. Burry. If he wants puts, someone has to sell them.
9.) Life is fascinating when you don't know if dinner is going to be Wendy's or steak on any given day.
The leader right now has 8.5% market share. If ICE manufacturers don't recover Tesla could take that lead with 5M cars in 2023.
View attachment 727799
View attachment 727800
note the numbers in blue are from about 2 seconds worth of thought and have about that much value as a prediction.
Just saying if the has beens continue to falter while Tesla rises they might meet us in the middle.
edit: if you assume a lesser falloff for the ICE cars then Tesla has to get to about 6M produced to take the lead
edit2: doh! I messed up on the Tesla production for 2019-2020 throwing all the other numbers off. Corrected table below
View attachment 727822
Hell yes.
If $6bn can indeed solve world hunger forever that's less than 10% of the US military budget alone, this is why you have government, to solve social problems.
That individuals are targeted only shows government has failed