I can’t be the only one who is rubbed in a very bad way by Musks moronic tweets. The Mad King’s Twitter behaviour seem more and more trumpesque.
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
#32Probably closer to fair value now, still overpriced though.
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.
Do you happen to have a source for that?
It hasn't been long since Musk outed that they'd consider mining so i'm sceptical.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#33From 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…
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Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#34Tesla stocks have been overrated; everybody said so. The bubble doesn't pop as long as people believe it keeps growing. Most have stopped believing.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#35From 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.
One of the more embarrassing things about the popular tech podcaster ATP/relayfm people is, aside from their wives, Brianna Wu and Anita Sarkeesian seem to be the only women they're friends with.
Back a few years ago when "there aren't any women in the tech industry" was the crisis of the day, it seemed like they wanted to upgrade from knowing no women so they went out and met a few not very trustworthy people who had nominated themselves spokeswomen of all women, never noticed this, and stopped trying after that.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#36Earlier 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.
Might be actually, I didn't actually look at the DCF. Just eyeballing their PE and their growth didn't make it attractive enough to me. I feel like it should be abundantly clear.
Where do you check DCF?
I had to build my own Excel spreadsheet for this.
But I would love to find a place where they've already done this for me!
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#37From 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.
She's aware that Musk walked back the "Epic thread!" comment 4.5 hours later, after he realized how badly he fucked up (and probably got a talking to by investors). The point it not what Wu thinks, but how the marketing is reacting to the initial tweet.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#38This article mentions that people we're buying new Teslas, and quickly selling them used for a profit. Which works if deliveries are slow:
https://www.reuters.com/business/autos-transportation/tesla-...
> Nearly a third of used Teslas for sale in August were 2022 models up for resale, a sign that original buyers were aiming to flip, analysts said. That compares with about 5% of other brands on the used market, research firm Edmunds said.
I guess this doesn't impact overall demand, but does push up prices. And feeds the frenzy.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#39Earlier quoted context omitted.
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.
I'd say mockery was pretty apparent from the context in the first place. https://twitter.com/elonmusk/status/1607494455720022018
> Epic thread!!
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#40From 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 halti…
4-5 hours later, possibly around the time his ambien was wearing off:
https://www.cnet.com/tech/tech-industry/elon-musks-strange-s...