Once people realize that the self-driving dream won't be taking place anytime in the foreseeable future, I'd expect another big drop.
i'd say the next 5-10 or even 20 years certainly falls under the 'forseeable future'
Tesla Tanks After Goldman Downgrades to Sell
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Re: Tesla Tanks After Goldman Downgrades to Sell
#22Once people realize that the self-driving dream won't be taking place anytime in the foreseeable future, I'd expect another big drop.
i'd say the next 5-10 or even 20 years certainly falls under the 'forseeable future'
>i'd say the next 5-10
And I'm gonna say you're delusional.
The thing I'm really curious is about how much of Tesla stock is self-driving hype? I still believe in electric cars. Also will Elon's web of companies come crashing down when progress on the self-driving front starts to falter?
Re: Tesla Tanks After Goldman Downgrades to Sell
#23[deleted]
Re: Tesla Tanks After Goldman Downgrades to Sell
#24I wish it would "tank" a little further so I could buy some shares.
If you like to risk buy Bitcoin instead. None of the Bitcoin buyers who held on the investment ever lost money.
Re: Tesla Tanks After Goldman Downgrades to Sell
#25Earlier quoted context omitted.
i'd say the next 5-10 or even 20 years certainly falls under the 'forseeable future'
>i'd say the next 5-10 And I'm gonna say you're delusional. The thing I'm really curious is about how much of Tesla stock is self-driving hype? I still believe in electric cars. Also will Elon's web of companies come crashing down when progress on the self-driving front starts to falter?
> will Elon's web of companies come crashing down when progress on the self-driving front starts to falter?
Are you confusing Tesla with Uber? Uber needs self-driving cars to justify its valuation. Tesla doesn't. It just needs production volume. If anything, very near-term self-driving cars might be bad for Tesla because it would reduce aggregate demand for cars.
Re: Tesla Tanks After Goldman Downgrades to Sell
#26Earlier quoted context omitted.
With a market cap of about $40 billion, I don't think they're learning that yet. If the price drops to reflect something vaguely resembling the company's current size, rather than wild dreams of massive growth, then they might be learning that. But the current price is still way high if you just look at the present or even the near future.
I often reflect that if Elon Musk died (god forbid) the shares of Tesla would drop to a fifth or a tenth of their current value in the space of a few hours. It's incredible how much a single person can make the difference.
very true in this case, because Elon is a once-in-a-generation, perhaps even once-in-a-century type of person. On the other hand, if he keeps going at this pace for another 15 years, there is a very good chance that Tesla will be the most valuable company in the world. That's the whole risk/reward situation with Tesla, if he dies or loses his abilities with older age, shit hits the fan, otherwise you got a 20-bagger in your hand if you wait 15 years.
Re: Tesla Tanks After Goldman Downgrades to Sell
#27Wall Street really doesn't like companies doing things with a promised payoff beyond the present fiscal year. That's what they're doing at TSLA. Sure, a lot of it ("Gigafactories!!!!!") is ego driven, not economy-of-scale driven. But they will need the manufacturing capacity as electric storage becomes more common.
Don't forget, TSLA is an energy company. Their present products have wheels because rich dopes like me will spend money on them, and because there's some low-hanging fruit in transportation energy in this decade (not this fiscal year).
But long term their products are going to be as ubiquitous as household electric meters and just as boring.
If I had a bunch of shares of TSLA and a kid entering college, I might sell some of them at the present price. But that doesn't make them a bad investment.
Re: Tesla Tanks After Goldman Downgrades to Sell
#28Wall Street really doesn't like companies doing things with a promised payoff beyond the present fiscal year. That's what they're doing at TSLA. Sure, a lot of it ("Gigafactories!!!!!") is ego driven, not economy-of-scale driven. But they will need the manufacturing capacity as electric storage becomes more common. Don't forget, TSLA is an energy company. Their present products have wheels because rich dopes like me…
> Wall Street really doesn't like companies doing things with a promised payoff beyond the present fiscal year
The same Wall Street valuing Tesla at $40bn [1]? Tesla is a loss-making company valued at almost 6 times revenues on the promise of profits in many years' time.
[1] https://www.google.com/finance?q=tsla&ei=yVy0WNmON8bfsgHYiIm...
Re: Tesla Tanks After Goldman Downgrades to Sell
#29Earlier quoted context omitted.
>i'd say the next 5-10 And I'm gonna say you're delusional. The thing I'm really curious is about how much of Tesla stock is self-driving hype? I still believe in electric cars. Also will Elon's web of companies come crashing down when progress on the self-driving front starts to falter?
> will Elon's web of companies come crashing down when progress on the self-driving front starts to falter? Are you confusing Tesla with Uber? Uber needs self-driving cars to justify its valuation. Tesla doesn't. It just needs production volume. If anything, very near-term self-driving cars might be bad for Tesla because it would reduce aggregate demand for cars.
>Are you confusing Tesla with Uber?
No, although I think Uber is in dire straits itself. A lot of laypeople buy Teslas not just because they are electric but because of a general feeling that they "are the future." The self-driving dream goes a long way towards driving this consumer sentiment. If self-driving peters out in the way I suspect it will, Musk/Tesla begin to lose some of their luster. If traditional car brands can bring in affordable electric cars which also look good, what will Musk have left? His image is necessary and part of that image is placed in self-driving.