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Tesla's stock just hit a record $420

cnn.com

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

#31

Post by bryanlarsen »

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 has been lots of positive news in the past couple of months, and you'll see some listed in other replies, but IMO it's more due to the fact that the bear story has disintegrated.

Prognostications of Tesla’s doom have gone from concerning, to annoying, to boring, to pathetic[1]

Tesla has a successful ongoing business just selling Model 3's and Y's. The S could be destroyed by the Taycan, the Cybertruck could flop, the Semi could fail to take off, Autonomous driving could remain a slightly more intelligent cruise control, their solar tile business could fail and Tesla would still be OK. It wouldn't be worth $420 a share, but they wouldn't be bankrupt either.

1: https://cleantechnica.com/2019/12/21/prognostications-of-tes...

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

#33

Post by creato »

stoicShell wrote: post #29
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…

This sounds nice for Tesla, but it sounds utterly insane from a greater perspective that EVs can't charge at any electric charging station.

How stupid does it sound if I said I needed to find a Ford gas station to fill up my car?

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

#34

Post by bryanlarsen »

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…

> competitors ... all been somewhat disappointing.

Often that's bad news, though. If your competitors cannot sell their product, that's a sign of a small/poor market.

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

#36

Post by stoicShell »

creato wrote: post #33
stoicShell wrote: post #29

Earlier quoted context omitted.

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…

This sounds nice for Tesla, but it sounds utterly insane from a greater perspective that EVs can't charge at any electric charging station. How stupid does it sound if I said I needed to find a Ford gas station to fill up my car?

Agreed, it's insane. I don't know about most countries, but in France, some brands (Japanese iirc?) would have you go to their branded car dealership to charge. How crazy does that sound? (I couldn't believe it when he told me that, sorry I can't recall which brand it was)

The whole thing sounded mind-boggling, really. Anecdotally, my partner is seeking to buy a new car for a 1h commute so I wanted to get her a small EV — but the charging options make it totally impossible (short of getting a Tesla but that's way above our budget for this 2nd, smaller car). Consider that we live in France 30 km away from Luxembourg, a major financial/tech/political hub in the EU. What gives? I honestly don't get it.

If Tesla ever makes a sub-20K €/$ small EV suited for hourly commutes, they can just take my money.

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

#37

Post by rory096 »

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…

>impending announcement of the Model Y

The Model Y was announced in mid-March, to generally negative reviews/market reaction.

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

#38

Post by CyanLite2 »

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…

Stock is up mostly because of short-covering. This is what a textbook case of a short-squeeze looks like.

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

#39

Post by hkmurakami »

stoicShell wrote: post #29
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…

The charger network team is definitely forward thinking regarding demand forecasting and build out. Friend of mine used to work there and the team works very hard to stay ahead of the curve, knowing that this infrastructure is vital to the user experience

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

#40

Post by [deleted] »

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…

[deleted]
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