Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Tesla Tanks After Goldman Downgrades to Sell

bloomberg.com

Post reply on HN
Print view View original

41–50 of 89 posts

Re: Tesla Tanks After Goldman Downgrades to Sell

#41

Post by sixQuarks »

selectodude wrote: post #36
sixQuarks wrote: post #26

Earlier quoted context omitted.

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…

>Tesla will be the most valuable company in the world Slow down there a little bit. They're an AI and battery company. Batteries are commodities and there are several other companies that are working on AI.

Nice of you to take the quote totally out of context. Why didn't you include the words directly before that: "if he keeps going at this pace for another 15 years, there is a very good chance..."

Re: Tesla Tanks After Goldman Downgrades to Sell

#42

Post by MegaButts »

sixQuarks wrote: post #40
ygjb-dupe wrote: post #33

Earlier quoted context omitted.

wow. The hero worship is strong with you. I agree that he has accomplished some pretty cool things, but calling him a "once-in-a-century" or "once-in-a-generation" person ignores all of the other people who have been as or more successful than him in multiple dimensions of success.

please name some of these people who have been as or more successful - and don't go by wealth alone. I'm talking disrupting multiple, huge industries with innovative products.

I think Elon has accomplished a lot, but I think you're ignoring the fact that every one of his companies is still surprisingly risky. Tesla might not get another loan and it could go under in a year. SpaceX has fantastic margins, but they still have significant hurdles with failed launches (although this is true of rocketry in general) and navigating a political landscape. Solar City was going under when Elon saved it by combining it with Tesla, a very controversial move.

Elon has yet to run a profitable electronic vehicle company. Elon has yet to run a stable alternative to NASA. Elon has yet to ween the world off its oil dependence. He is working towards all of them and it's great! But he hasn't succeeded in disrupting any of them yet, because all of the alternatives still exist and are as healthy as ever.

Re: Tesla Tanks After Goldman Downgrades to Sell

#43

Post by idiot_stick »

jacquesm wrote: post #10

This is just Goldman trying to get better terms for their loan.

>This is just Goldman trying to get better terms for their loan.

In the vaunted halls of Silicon Valley, maybe. But people in the finance world are starting to wonder if this thing can hold up. Others have been wondering for a while.

Re: Tesla Tanks After Goldman Downgrades to Sell

#45

Post by idiot_stick »

OliverJones wrote: post #27

Wall 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…

>Don't forget, TSLA is an energy company.

Boy are people going to have to do some explaining if Tesla winds down Solar City, which I see as a major possibility.

>But long term their products are going to be as ubiquitous as household electric meters and just as boring.

I'd love to know how people are so confident that it's going to be Tesla that wins this. This isn't Tesla vs GM, Tesla vs Toyota, Tesla vs Ford; it's Tesla vs Everyone. If you were betting, you would really bet on Tesla vs one of about 15 other, huge companies in pool? That seems insane to me.

Re: Tesla Tanks After Goldman Downgrades to Sell

#46

Post by HeavenBanned »

JumpCrisscross wrote: post #16

Tesla went public on 29 June 2010 [1]. Since then, it has traded 1,677 days. It's average (median) movement, from open to close, is -0.01% (-0.09%). There have been 50 days when Tesla stock fell at least 5% and 53 days where Tesla stock rose at least 5%. So about 6% of the time, historically, it's "tanked" or "boomed" by a similar amount. (By coïncidence, the average >=5% movement is +7.452% while the average Note: t…

>numpty

numpty - NOUN; British, informal:

A stupid or ineffectual person.

ORIGIN 1980s: of Scottish origin, perhaps an alteration of numbskull, with the ending remodelled on the pattern of Humpty Dumpty.

Re: Tesla Tanks After Goldman Downgrades to Sell

#47

Post by rhino369 »

alexro wrote: post #24
exhilaration wrote: post #11

I 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.

You can say that about any "investment" currently at an all time high.

Re: Tesla Tanks After Goldman Downgrades to Sell

#48

Post by sixQuarks »

MegaButts wrote: post #42
sixQuarks wrote: post #40

Earlier quoted context omitted.

please name some of these people who have been as or more successful - and don't go by wealth alone. I'm talking disrupting multiple, huge industries with innovative products.

I think Elon has accomplished a lot, but I think you're ignoring the fact that every one of his companies is still surprisingly risky. Tesla might not get another loan and it could go under in a year. SpaceX has fantastic margins, but they still have significant hurdles with failed launches (although this is true of rocketry in general) and navigating a political landscape. Solar City was going under when Elon saved…

you're avoiding the question. Name someone else that has done more impressive things than what Elon has already accomplished.

Re: Tesla Tanks After Goldman Downgrades to Sell

#49

Post by gordon_freeman »

sixQuarks wrote: post #26
Udik wrote: post #18

Earlier quoted context omitted.

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…

So do you mean he is even above Albert Einstein and his achievements thus far are even bigger than the likes of theory of relativity, invention of airplane? ABSURD. Once-in-a-century is going too too far here.

Re: Tesla Tanks After Goldman Downgrades to Sell

#50

Post by defen »

sixQuarks wrote: post #40
ygjb-dupe wrote: post #33

Earlier quoted context omitted.

wow. The hero worship is strong with you. I agree that he has accomplished some pretty cool things, but calling him a "once-in-a-century" or "once-in-a-generation" person ignores all of the other people who have been as or more successful than him in multiple dimensions of success.

please name some of these people who have been as or more successful - and don't go by wealth alone. I'm talking disrupting multiple, huge industries with innovative products.

Steve Jobs

   personal computer

   modern smartphone
Jeff Bezos

   Online commerce

   Cloud computing
Wayne Huizenga

   Waste management

   Video rentals

   Auto sales
Post reply on HN