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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

#261

Post by pram »

wonderwonder wrote: post #178
tigershark wrote: post #172

Earlier quoted context omitted.

Yeah, obviously alienating the target market for your company will destroy your deliveries and your stock price. Shanghai factory is currently shut down and it will continue the shutdown also in January. The cars are currently sold with a 7500$ discount in US and in other countries. If you think that the carbon-loving maga hats are going to buy EVs you will be nicely surprised in the next months.

I'm not betting on a massive resurgence until the fed pivots, perhaps 2024? A timeline measured in months is not realistic. Longer term hold. If the price goes down more, then I'll just keep buying (to a point). Seems like a pretty good risk / reward setup for me. Politically I don't divide people into Maga Hats and not Maga hats. I divide them into MAGA hats, the far left and then normal people. The MAGA are on the…

If you think it's going to be a few years until it recovers (I don't disagree) then why are you catching the falling knife right now. Follow your own analysis lol, the time to buy is when its been sideways for a while.

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

#262

Post by P5fRxh5kUvp2th »

belltaco wrote: post #236
potatochup wrote: post #11

Earlier quoted context omitted.

What factories are they closing down?

They extended a week long Covid shutdown at the Shanghai by 8 days because of higher rates of covid among workers in China. It got spun into "shutting down factories because of lack of demand" by someone that's neither qualified in finance, nor in the car industry. Because they have an axe to grind. It gets posted on HN and upvoted to the top because many HN folks hate Tesla and want to spread FUD about it. Meanwhile…

well, it'll be a cold day in hell before I ever buy a Tesla, but on the other hand I drive an '04 Corolla and like the fact that I never have to worry about my car doors opening or not.

If anything, I'm mostly ambivalent about Musk. So not all of us :)

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

#263

Post by zzleeper »

kylecordes wrote: post #29
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 halti…

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

Saying "EPIC THREAD" is just his style of praising something, not mocking it. He had to add extra tweets to mock it five hours later because of the backslash.

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

#264

Post by zzleeper »

P5fRxh5kUvp2th wrote: post #256
dkjaudyeqooe wrote: post #79

Earlier quoted context omitted.

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.

I've never been on twitter and _will_ never be on twitter because I have zero interest in 140 character posts (now 280). OTOH, I get the feeling people are being overly judgemental due to text being hard and 280 character text being even harder.

"EPIC THREAD" is 269 characters short of the limit... so yeah, 280 might not be enough to make nuanced arguments, but he was not even trying (and he is not known for making nuanced arguments, just for being a tantrum-prone narcissist)

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

#265

Post by jacquesm »

fundad wrote: post #56
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 think it’s because giving any “territory” to Russia justified see the pretense of ending war isn’t believable. If you don’t believe it condemns more people to be colonial subjects and the be redeployed to destroy Ukraine, I can see the confusion. A lot of tycoons aren’t commenting about the war at all if the fear how the judgement will affect business.

> If you don’t believe it condemns more people to be colonial subjects

Assuming they live long enough. Look at what's left of the cities that Russia has withdrawn from.

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

#266

Post by jacquesm »

P5fRxh5kUvp2th wrote: post #260
barnacled wrote: post #121

Earlier quoted context omitted.

[flagged]

> At the very least making 'ambiguous' comments as he has done in the past AND WHICH HAS BEEN USED IN RUSSIAN PROPAGANDA is the absolute HEIGHT of irresponsibility. He's a dude posting on twitter, he has no responsibility for anything.

It's not that easy when (1) you're the richest man (or rather, were) in the world, (2) you operate a business that has the ability to deliver payloads anywhere in orbit or on earth, (3) you have a business that operates a fleet of satellites, some of which are involved in the war and (4) you have a security clearance.

With great power comes great responsibility. To judge Elon by the same standards as a 12 year old is a bit too simple.

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

#267

Post by jacquesm »

chinabot wrote: post #233
nverno wrote: post #27

Earlier quoted context omitted.

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).

I'd go all in under $100 based on the the fact they are environmentally sound, selling everything they produce, have a waiting list of buyers and have some big potential future products such as teslabot if they get them right. Musk is only 1 out of tens of thousands of (Mostly American) workers that make up Tesla, this would mostly go away if they change the CEO or Musk stopped trying to be Jesus.

$9 to go then.

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

#268

Post by jaredklewis »

zzleeper wrote: post #258

I kinda hate that I'm "forced" to buy stupid TSLA stock just because, as a responsible adult, I put most of my investments in the SP500, and any alternative I could find that excludes firms I hate (FB, TSLA) has infinitely higher expense ratios :/

I read this helpless attitude on a similar thread recently and it boggles my mind.

It is not like SPY is the only index fund around. There is a low-cost, well managed ETF for just about every angle on the market these days.

So why not invest in a fund that better aligns with your principles? TSLA is ~1% of the SPY, but only 0.04% of FNDX (another large cap fund).

It's not like you need to devote your life to picking stocks, but if owning tesla bothers you, making a one time effort to find something you like better than SPY seems like a reasonable move.

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

#269

Post by JoshTko »

nextstep wrote: post #241
jacquesm wrote: post #107

Earlier quoted context omitted.

That is a valid question. I wished it wasn't. But here we are. I think that unless someone in the know spills the beans (with proof) this is going to be extremely difficult to determine.

Can you explain what you mean by information warfare? Do you mean someone is tweeting on his behalf?

I think parent is implying that Musk is using Twitter as a misinformation tool. Misinformation about government agencies such as health, SEC, FBI, etc.

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

#270

Post by wonderwonder »

pram wrote: post #261
wonderwonder wrote: post #178

Earlier quoted context omitted.

I'm not betting on a massive resurgence until the fed pivots, perhaps 2024? A timeline measured in months is not realistic. Longer term hold. If the price goes down more, then I'll just keep buying (to a point). Seems like a pretty good risk / reward setup for me. Politically I don't divide people into Maga Hats and not Maga hats. I divide them into MAGA hats, the far left and then normal people. The MAGA are on the…

If you think it's going to be a few years until it recovers (I don't disagree) then why are you catching the falling knife right now. Follow your own analysis lol, the time to buy is when its been sideways for a while.

Got a couple IRA's to top off before end of year
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