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Tesla stock falls again, toward longest losing streak in more than 4 years

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Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#21

Post by amluto »

tony_cannistra wrote: post #7
friedman23 wrote: post #5

Earlier quoted context omitted.

Funny enough I think it's actually undervalued now. Tesla has bought up all the mining rights for the minerals required to ramp up battery production and will likely be the only EV manufacturer that's not supply constrained for the next decade. I'm still not bought in yet, probably a lot more room for it to crater.

They have?

The latest news seems to suggest that companies like CATL are, and will continue to be, the battery leaders. I imagine that CATL will gladly sell to anyone who wants to buy.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#22

Post by rubicon33 »

skizm wrote: post #12
paulpauper wrote: post #4

Also, notably META is very strong recently. Same for Netflix. Shows how the whims of market are always changing.

Eh, they're not in freefall any more. Very strong is probably an overstatement since they're still down over 65% YTD and even more from ATHs. I'm a big Meta (stock) fan though. I think they're insanely undervalued at the moment (says the guy holding a bunch of their stock that's down close to 50% all together lol)

Why do you think they are “insanely” undervalued?

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#23

Post by leereeves »

CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

Musk "praised" that insane Russian tweet by saying:

> Those are definitely the most absurd predictions I’ve ever heard, while also showing astonishing lack of awareness of the progress of artificial intelligence and sustainable energy.

https://twitter.com/elonmusk/status/1607565268150091778

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#24

Post by ulfw »

tony_cannistra wrote: post #7
friedman23 wrote: post #5

Earlier quoted context omitted.

Funny enough I think it's actually undervalued now. Tesla has bought up all the mining rights for the minerals required to ramp up battery production and will likely be the only EV manufacturer that's not supply constrained for the next decade. I'm still not bought in yet, probably a lot more room for it to crater.

They have?

Of course they haven't bought 'all the mining rights'.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#25

Post by Robotbeat »

nextstep wrote: post #3

Some of this can be blamed on the production issues in China and maybe Musk's tweets courting far-right provocateurs, but Tesla was always massively over-valued and this is just things coming back down to reality. Probably still a ways to go as the Cyber Truck and the Semi are likely to disappoint and/or be further delayed.

I think Semi is underestimated at this point.

E needs to quit Twitter and get back to his real job. There’s massive value in the Semi line, but it probably needs a big push (like with Model 3) to get it ramped up (including battery capacity).

This IS a bad time for ramping production, though, as interest rates are higher.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#26

Post by browningstreet »

olddustytrail wrote: post #15
CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

Musk was very clearly mocking the propaganda tweet, not praising it. I wouldn't put much confidence in the predictions of someone who didn't realise that.

Only because of his follow-up tweet -- his first tweet ("Epic thread") was fully ambiguous. He knows better (after all, he owns the platform) so he's also willingly trolling by not being clearer.

That said, the media response to it -- pumping his first tweet without clarifying by virtue of the second tweet -- is emblematic of everything wrong with our current news/media/social-media culture.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#27

Post by nverno »

electrondood wrote: post #17
CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

(a) isn't even remotely true. They paused production in Shanghai on a few lines to upgrade them to the new Model 3 and Y. Brianna Wu is a permabear who pretends to be a journalist and spreads disinfo without verifying.

Yea, the predictions of someone driven by passion (in this case, a passionate dislike of Musk it appears) probably aren't great in general. But, below $100 seems reasonable - the stock could still be considered 'overpriced' in the current market (at least by P/E).

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#29

Post by kylecordes »

CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

It appeared to many observers that Musk was mocking the Russian propaganda, he then made the mockery explicit later.

I don't understand the thesis that Musk is somehow pro-Russia. Generally his ventures are against Russia interests:

SpaceX, launched in the aftermath of Russia being uninterested in selling a leftover rocket to Musk, now dominates the launch industry to the detriment of Russia, among other things halting the cash flow from NASA to Russia to carry astronauts to ISS.

Tesla and former-SolarCity, reducing use of oil, while Russia is a major oil producer.

Starlink provides communications capability to the country Russia is attacking.

However, a likely macroeconomic slump in (electric and other) vehicle demand and Musk’s erratic way of running Twitter are real problems. I think these get the blame for stock issues, rather than the bizarre Russian thing.

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