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Tesla's stock just hit a record $420

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Re: Tesla's stock just hit a record $420

#21

Post by manigandham »

slg wrote: post #15

Besides all the funding secured and pot jokes, can anyone explain what has happened to this stock recently? Over the last two months it has gone up roughly 30% after already having a big immediate jump after the last earnings. Is this mostly related to long term shorts finally closing their positions in the wake of those earnings? Or was there some big Tesla news that I missed that changed the perception of the compa…

Stock prices are based on perception of where it's going. The surprise profit from the last earnings, trade deal leading to lower tariffs, new China factory opening up that market, and the general quality of electric car competition released this year have all shown that Tesla is still far ahead of the game and close to running a sustainable operation.

Re: Tesla's stock just hit a record $420

#25

Post by lazyjones »

slg wrote: post #15

Besides all the funding secured and pot jokes, can anyone explain what has happened to this stock recently? Over the last two months it has gone up roughly 30% after already having a big immediate jump after the last earnings. Is this mostly related to long term shorts finally closing their positions in the wake of those earnings? Or was there some big Tesla news that I missed that changed the perception of the compa…

It's probably not one single reason. Tesla has had a lot of good news lately, from reports about Elon behaving a little better (and winning that defamation lawsuit), to competing EV from companies like Mercedes and Audi not really selling well and securing a large area for GF4 near Berlin. The most impressive feat for me was how quickly they built GF3 and started production in China, but my tiny contribution to the stock price was earlier this year (late May), the return to profitability in Q3 probably impressed many investors as well.

Re: Tesla's stock just hit a record $420

#26

Post by martythemaniak »

disconnected wrote: post #20
martythemaniak wrote: post #12

The stock is blazing! Weed jokes aside, the market has finally caught up to the fact that Tesla is years ahead of their competitors. I bought my Model 3 18 months ago and it felt like buying a car from the future. I think my feeling was correct. 2019 saw a number of serious competitors (Audi, MB, VW, Porche) release their first EVs and they've all been somewhat disappointing. Very solid first releases taken in isolat…

> the market has finally caught up to the fact that Tesla is years ahead of their competitors. Incorrect. The stock value is being pushed up by: 1. Unexpected quarterly profits in October; 2. Tesla planning to open a new factory in China and securing a 1.4 Billion dollar loan to do so; 3. Apparent strong interest in the Cybertruck and the impending announcement of the Model Y; 4. USA and China are easing the trade wa…

Well, TSLA is a very sentiment-heavy stock, so it's hard or impossible to say what exactly caused this recent run.

For example, they've been guiding Q3 and Q4 profitablity since ~Q2 or earlier. They started building the Shanghai factory in Q1, the Model Y was announced in March, the Truck's been talked up since forever, etc.

What's really changed is that the Taycan is no longer a mystery, but a real car with a real price tag and real range. The ID.3 is almost-real and struggling with software issues. The E-Tron, new Leaf, new Bolt, etc have real sales figures. When these were unknowns, you could be reasonably skeptical of Tesla's claims, but that's increasingly untenable.

Or, as the great Silicon Valley philosothoughtleader Russ Hanneman said: https://www.youtube.com/watch?v=BzAdXyPYKQo

Re: Tesla's stock just hit a record $420

#27

Post by rhacker »

disconnected wrote: post #20
martythemaniak wrote: post #12

The stock is blazing! Weed jokes aside, the market has finally caught up to the fact that Tesla is years ahead of their competitors. I bought my Model 3 18 months ago and it felt like buying a car from the future. I think my feeling was correct. 2019 saw a number of serious competitors (Audi, MB, VW, Porche) release their first EVs and they've all been somewhat disappointing. Very solid first releases taken in isolat…

> the market has finally caught up to the fact that Tesla is years ahead of their competitors. Incorrect. The stock value is being pushed up by: 1. Unexpected quarterly profits in October; 2. Tesla planning to open a new factory in China and securing a 1.4 Billion dollar loan to do so; 3. Apparent strong interest in the Cybertruck and the impending announcement of the Model Y; 4. USA and China are easing the trade wa…

Everything you just typed can be explained by the phrase "Tesla is years ahead of their competitors", so not sure why you're so solid on that "Incorrect" statement.

Re: Tesla's stock just hit a record $420

#29

Post by stoicShell »

martythemaniak wrote: post #12

The stock is blazing! Weed jokes aside, the market has finally caught up to the fact that Tesla is years ahead of their competitors. I bought my Model 3 18 months ago and it felt like buying a car from the future. I think my feeling was correct. 2019 saw a number of serious competitors (Audi, MB, VW, Porche) release their first EVs and they've all been somewhat disappointing. Very solid first releases taken in isolat…

Here's what most surprised me recently, which compounds all your points.

Middle of Nowhere, France, 11 AM. My Uber arrives, a cool Model 3, "huh, great!" I thought, "I'm gonna pry this guy's brain for info on EV's."

Sure thing the driver was a talker and over the course of the next 20 minutes proceeded to tell me all the good and bad, in his opinion — it was his 3rd or 4th EV.

Tesla is "out of this world" — his words. "And you know why? Because they have the best free charging network, period, others are not even comparable". Remember, we're in the middle of nowhere in a rural town. He points to me a couple gas stations on the map nearby: "I can charge there, super fast, no problem. But with any other brand, the German, the French, the Japanese? It's a mess. Nothing before 30-40 miles at least, can only charge during work hours, that sort of... problems. And Tesla's (sorta) free and has much more range to top it all."

Consider that we're talking infrastructure, Tesla being better than the French and German brands in France of all countries, about 200 km from the German border!

So, there's that. The headstart and pragmatism of Tesla, even far away from homeland, USA is big and consequential — it'll take years for others to catch up, and they're not heading this way as they all rely on different standards (NIH syndrome) and bodies like the EU haven't catched up on regulation yet (like they did e.g. for phone chargers normalized to micro-USB, now USB-C).

I know it's anecdotal, but for a professional driver it was pretty clear that Tesla is just about unchallenged in EV.

Re: Tesla's stock just hit a record $420

#30

Post by friedman23 »

slg wrote: post #15

Besides all the funding secured and pot jokes, can anyone explain what has happened to this stock recently? Over the last two months it has gone up roughly 30% after already having a big immediate jump after the last earnings. Is this mostly related to long term shorts finally closing their positions in the wake of those earnings? Or was there some big Tesla news that I missed that changed the perception of the compa…

There have been 5 or 6 different pieces of good news in the past two weeks which have led into what I believe is an insane enthusiasm for purchasing this stock. Go on investing forums and you will see people casually throwing out numbers like TSLA to $1000. It's like bitcoin 2.0. I would not short it.
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