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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

#51

Post by wcunning »

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…

That's why Ford announced that at least in the US they're buying into the Tesla charging network[0].

https://www.businessinsider.com/ford-fordpass-charging-netwo...

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

#53

Post by seanmcdirmid »

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…

Tesla already sells cars in the Chinese market, especially since there is really no other EV luxury alternative and Beijing ICE plate lottery allocations are lower than the EV ones. The factory means Model3s no longer need to be imported, so should be cheaper.

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

#54

Post by bluepickles »

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…

Tesla puts 20-30% of their gross profits into R&D. https://q10k.com/financials/TSLA

Ford/GM don't even have an R&D row on their income statements.

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

#55

Post by mprev »

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…

I’ve had my Model 3 just over a week. It’s great. I love it. But I can’t wait to get an EV in a few years from a mature manufacturer. I hope that mature manufacturer will be Tesla.

Right now, though, after sales care is pretty much non-existant, I have rattles that I didn’t have in a car with over 100k on the clock, the handover was chaotic and rushed, the interior is cheap.

Even so, I have no regrets. And I’ll recommend the car because it is such a game changer. It drives brilliantly and, of course, it’s great to know that I’m not pumping out diesel fumes. But if there was a EV BMW 3 series with the same range and performance I don’t see how the Model 3 could compete.

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

#56

Post by AnthonyMouse »

onlyrealcuzzo wrote: post #48
spike021 wrote: post #47

Earlier quoted context omitted.

What part of the Porsche Taycan has been disappointing when compared to Tesla? My only complaint is the price, but it's a Porsche so what can I do?

Second. The Taycan release looks very promising. Porsche seems poised to eat the majority of profits from this space with the Taycan. There's not a lot of money to be made selling baseline Model 3s. And Toyota & Honda et al will soon be coming for the entry level space. Tesla seems like they'll be around for the long haul. But it doesn't seem like they're going to be highly profitable with a small market share like P…

It's pretty likely that the incumbents will get competitive electric cars on the market eventually. The real question is, how much of the overall vehicle market will Tesla have before that happens? Because the longer it takes, the longer Tesla has to convert profits from existing models into developing new models and reducing manufacturing costs and the more likely it is that they become the electric Toyota.

But it'd be a lot harder for Tesla to grow that big if the incumbents were to provide meaningful electric competition in the near term.

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

#57

Post by spike021 »

bryanlarsen wrote: post #50
spike021 wrote: post #47

Earlier quoted context omitted.

What part of the Porsche Taycan has been disappointing when compared to Tesla? My only complaint is the price, but it's a Porsche so what can I do?

EPA range of only 201 miles despite having a 93 kWh battery.

I would say that's less a disappointing bit and more just a factor of if it fits a potential buyer's needs.

Even with ICE cars, people have always compared multiple cars' EPA/mileage, drivability, etc. It's hardly a new issue.

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

#58

Post by whisk3rs »

wcunning wrote: post #51
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…

That's why Ford announced that at least in the US they're buying into the Tesla charging network[0]. https://www.businessinsider.com/ford-fordpass-charging-netwo...

minor clarification: That is not what this article says. Ford's network does not include Tesla's superchargers.

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

#59

Post by timmonsjg »

AnthonyMouse wrote: post #49
stoicShell wrote: post #36

Earlier quoted context omitted.

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…

> 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). Can't you get a charger installed where you live and charge overnight?

If you have the space and don't rent, then yes.

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

#60

Post by look_lookatme »

eindiran wrote: post #22

Just for reference, the claim that "420" comes for a police code for marijuana possession is completely incorrect: https://en.m.wikipedia.org/wiki/420_(cannabis_culture)

Seems like a strange thing to go around correcting people on. I didn't even know it was supposed to be a police code, it's just some silly code word for weed that like 85% of American english speakers understand to mean weed.
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