Tesla stock falls again, toward longest losing streak in more than 4 years • Hacker News Board

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

#111

Post by georgeg23 » Tue, Dec 27, 2022, 5:05 PM UTC

1. Chinese government is also pressuring Tesla because Elon has started work on militarizing space with StarShield and other preparation for Strategic Defense Initiative style capabilities in Low Earth Orbit.

2. Elon hasn't gotten much of the money for Strategic Defense Initiative contracts, nor is the entire program progressing much under Biden. He feels the Trump/Santis party, which embraced the project, needs to somehow continue by being boosted on Twitter.

This is pretty obvious when you read Chinese Weibo media and SpaceX history with Michael D. Griffin https://wikipedia.org/wiki/Michael_D._Griffin#Career

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

#112

Post by friedman23 » Tue, Dec 27, 2022, 5:05 PM UTC

marcosdumay wrote: post #76

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.

> EV manufacturer that's not supply constrained for the next decade Ok, since it didn't make the news, I'm completely on the dark here... but are you talking about the supply of lithium ? If so, I have some news to you about one of the most common metals on Earth's surface.

It's not just lithium and none of this is as simple as you imagine it to be.

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

#113

Post by colpabar » Tue, Dec 27, 2022, 5:05 PM UTC

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…

Why is someone who is only famous because of gamergate a reliable source for stock market predictions? Brianna Wu is an idiot.

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

#114

Post by blackoil » Tue, Dec 27, 2022, 5:05 PM UTC

Tesla PE is still high compared to other automakers. So based on growth expectations, it should be between 30-90.

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

#115

Post by joewadcan » Tue, Dec 27, 2022, 5:05 PM UTC

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…

"Shutting down factories" is the not the same as slowing production. Tesla is expanding their production since they are wildly profitable.

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

#116

Post by leereeves » Tue, Dec 27, 2022, 5:06 PM UTC

dkjaudyeqooe wrote: post #79

kylecordes wrote: post #29

Earlier quoted context omitted.

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…

How does Musk posting that sort of stuff, which is difficult to get across in text at the best of times, benefit anyone, including Musk? It's a pattern of pointless provocative nonsense by Musk, befitting a teenager, not the CEO of multiple multi-billion dollar companies. I guess he's free to do what he wants, but people are free to read whatever they want into it as well. Dismissing it as humour is not a given.

Provocative nonsense has worked for Musk up till now. He got billions of dollars worth of free media coverage from his antics.

And after all of it, here we are still talking about Elon, Tesla, and Twitter.

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

#117

Post by jacquesm » Tue, Dec 27, 2022, 5:06 PM UTC

curiousgal wrote: post #14

This is so pointless. We often make fun of people who obssess over the Kardashians and yet here we are obsessing over everything Musk..

The Kardashians don't own ICBMs.

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

#118

Post by [deleted] » Tue, Dec 27, 2022, 5:06 PM UTC

awacs wrote: post #73

kylecordes wrote: post #29

Earlier quoted context omitted.

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…

I would agree on this one, but his pro-Putin / anti-American policy towards Ukraine is the context here. Plus he loves to troll the U.S. Gov (particularly the Dems) who literally made his life as a billionaire possible by funding him with billion to create Tesla when he was still basically "poor". He would be nothing without liberals who created the electric car incentive programs and EV loan programs, yet he trashes…

[deleted]

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

#119

Post by 2sk21 » Tue, Dec 27, 2022, 5:07 PM UTC

iammjm wrote: post #31

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.

Same here, I started out 2022 with a neutral opinion of him. It could not be any lower now.

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

#120

Post by joewadcan » Tue, Dec 27, 2022, 5:08 PM UTC

friedman23 wrote: post #5

andrewmcwatters wrote: post #2

Probably 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.

Same. but not for the reason of mining rights. They definitely have long term contracts for their own production secured but are a long ways from cornering that market.

I think the energy side of their business is about to grow tremendously and they'll reduce profit margin and continue growing crazy fast on the auto side.