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Panasonic sells its $3.6B Tesla stake

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Re: Panasonic sells its $3.6B Tesla stake

#41

Earlier quoted context omitted.

Maybe market share, but I can't see how the argument goes for technology or infrastructure. As of now, none of the auto-driving tech is acceptable to go hands free, people have tried it and paid with their lives. The only difference between Tesla and traditional companies is that Tesla didn't seem to mind people testing unproven techs with their lives while the other manufacturers are more restrictive.

Take a long distance road trip with an EV without Supercharger access. Report back.

I mean, just 3-4 years back I'd agree with you. Nowadays at least here in UK you're getting 100-150kW chargers being built literally everywhere. I'd have no problem owning and driving cross-country in a non-Tesla EV nowadays. That equation will only be getting worse and worse for Tesla - they are adding more Superchargers but nowhere near the rate of non-Superchargers. Yes, Superchargers are better technically(especially if you have the latest Model 3 and can tap into the 250kW charge), but it's no longer the argument to buy a Tesla - charging a normal EV is less and less of a problem, even on long journeys, even without having access to the Supercharger network.

Re: Panasonic sells its $3.6B Tesla stake

#43

Earlier quoted context omitted.

Take a long distance road trip with an EV without Supercharger access. Report back.

I mean, just 3-4 years back I'd agree with you. Nowadays at least here in UK you're getting 100-150kW chargers being built literally everywhere. I'd have no problem owning and driving cross-country in a non-Tesla EV nowadays. That equation will only be getting worse and worse for Tesla - they are adding more Superchargers but nowhere near the rate of non-Superchargers. Yes, Superchargers are better technically(especi…

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Re: Panasonic sells its $3.6B Tesla stake

#44

Yet the stock is still going up.

Buried beneath the sensational headline is the fact that Panasonic has been slowly divesting over the past year. They did not just "dump" the stock today, they simply reported that they had finished selling all their shares today.

Re: Panasonic sells its $3.6B Tesla stake

#45
post #21

Earlier quoted context omitted.

"The market can remain irrational longer than you can remain solvent." And it will continue to go up until it doesn't. Maybe Tesla has a vault of unicorn blood and is just waiting for the perfect time to unveil it, but as a car company, their stock valuation makes absolutely no sense. It would take a miracle for Tesla to overtake more than all 3 top automakers combined. There is zero indication this has any possibili…

> until it doesn't. That's not necessarily the case. Financials are irrelevant for stocks like Tesla, and it can continue to moon indefinitely if the market dictates it.

So I guess “stocks like Tesla” are really just tulip petals? What are people paying for?

Re: Panasonic sells its $3.6B Tesla stake

#46

Reading between the lines, my guess is Panasonic is getting ready to work --and scale-up-- with lots of car manufacturers. Owning stock in any one company would create a conflict of interest. So, you either buy an equal amount (whatever "equal" means) in stock in every company you work with or you own no stock on any of them. The latter is the easiest path to eliminating any ethical questions.

Why would it be a conflict of interest or some vague ethical concern, instead of just expecting the TSLA valuation to drop as they expand their client list?

Re: Panasonic sells its $3.6B Tesla stake

#47
post #25

Earlier quoted context omitted.

> it got way bigger. It's still unclear whether this is due to fundamentals like the ones you mention, or just an irrational stock market. Now that more and more companies are coming out with their EVs, the truth might become clearer.

It's pretty clear to me...

Can you enlighten us?

Re: Panasonic sells its $3.6B Tesla stake

#48

It seems like a smart decision once you look at car companies' market caps: Tesla: $651 B Toyota: $288 B Volkswagen: $152 B Daimler / Mercedes: $99 B Ford: $60 B

People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.

Without climate crisis and emission scandal emobility still wouldn't be an issue.

Re: Panasonic sells its $3.6B Tesla stake

#49

Earlier quoted context omitted.

People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.

> it got way bigger. It's still unclear whether this is due to fundamentals like the ones you mention, or just an irrational stock market. Now that more and more companies are coming out with their EVs, the truth might become clearer.

No reason it can't be both. Obviously Elon memes helped a lot, but they are making very real and significant progress.

Re: Panasonic sells its $3.6B Tesla stake

#50
post #21

Earlier quoted context omitted.

People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.

"The market can remain irrational longer than you can remain solvent." And it will continue to go up until it doesn't. Maybe Tesla has a vault of unicorn blood and is just waiting for the perfect time to unveil it, but as a car company, their stock valuation makes absolutely no sense. It would take a miracle for Tesla to overtake more than all 3 top automakers combined. There is zero indication this has any possibili…

I don't disagree with you, but the common retort I hear to this sentiment is that "they aren't a car company, they are a battery/energy storage company that currently sells cars".

What are your thoughts on that sentiment? Just curious to hear from rational investors on that specific item.

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