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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

#322

Post by concordDance »

alkonaut wrote: post #312

How is Musk still allowed to be CEO? Serious question. Why don’t large shareholders demand some fresh blood?

Because without the remnants of the Musk-hype it'll be worth even less than the current amount, maybe 2x Ford. Investing in Tesla was, for many people, investing in Musk and his vision.

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

#323

Post by TylerE »

kspacewalk2 wrote: post #317
TylerE wrote: post #307

Earlier quoted context omitted.

Uh, they already have debuted, and not even this year

And yet Tesla is still the market leader.

Rapidly shifting.

Porsche is selling a crap ton of Taycans, more than Tesla is selling Model S.

17% of Taycan buyers are trading in a Model S.

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

#324

Post by thrashh »

In my opinion, the valuation of Tesla was reasonable based on the fact that they were making strides in driving AI

But at the time, humans did not yet know that FSD seems to be un-achievable with a non-general AI. At least with current techniques.

People invested Tesla thinking something was possible and it turns out it isn’t. It happens

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

#325

Post by d23 »

thrashh wrote: post #311
petilon wrote: post #288

Musk confronted Bill Gates for shorting Tesla [1] then proceeded to sell tons of TSLA himself. What a hypocrite! He is still selling TSLA, most recent sale was 12 days ago for $3.6 billion. [1] https://www.cnbc.com/2022/04/23/elon-musk-tweets-that-he-con...

Musk is a regular person but now with a butt load of money. It means he’s gonna be all over the place, but with money Scary

I don’t think your average Joe at the convenience store is nearly as erratic as Musk.

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

#326

Post by qaq »

SkipperCat wrote: post #297
bink wrote: post #284

Earlier quoted context omitted.

I always used to laugh when people would bring up battery tech and solar when talking about TSLA's absurd valuation, but I think it's starting to become more relevant as it approaches a more realistic market cap. It's still too high though.

Yeah, if it was 2x or 3x Ford, I'd consider it a stronger buy. I think the real test will not be its P/E, but how the other big car companies debut their EV and driver-assist (or driverless) tech. It just feels like Tesla is still the market leader in that tech. If someone else beats them at that game, it would not be good for their stock price. But, conversely, if they stay on top, maybe that high valuation will sti…

Ford has 110 billion debt Ford will make 12.5 billion profit in 2022

Tesla debt 1/10 of Ford Profit on par on significantly smaller number of units sold Tesla YoY growth 55%

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

#327

Post by JumpinJack_Cash »

ChrisMarshallNY wrote: post #315
JumpinJack_Cash wrote: post #281

It's time to fire the CEO. Musk is like the Manager who brought a club from 3rd division to the Premier League, but he was paid spectacularly and the club doesn't owe him nothing more than a fair handshake and a great send-off with a guaranteed spot in the club HOF. It's time to thank him and bring in an adult who can guarantee a top-4 Champions League spot consistently season after season, otherwise the club will fo…

That's what happened with Apple, but there was no way that Steve Jobs was going out anyway but feet-first.

F.C. Apple had a huge hand from the refs (aka the DOJ) during its meteoric rise from 3rd division to Premier League Champions
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