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Tesla Tanks After Goldman Downgrades to Sell

bloomberg.com

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Re: Tesla Tanks After Goldman Downgrades to Sell

#81

Post by yladiz »

sixQuarks wrote: post #73
ygjb wrote: post #62

Earlier quoted context omitted.

Sure. Alistair Pilkington and Arthur Fowle, between the two of them invented the technologies used to create almost all glass. It might not seem like it's high impact, but from the glass in office buildings, to automotive glass, to smartphone/tablet/TV glass, two highly impactful people who touched more than Elon Musk has. Allan Alcorn invented Pong. It spawned and inspired an industry that grew to almost $100 billio…

sorry, but those people are just not on the same level.

If you say this about a number of the people on that list, you're going to say that about anyone from this generation.

Re: Tesla Tanks After Goldman Downgrades to Sell

#82

Post by lutusp »

This narrative explains why there can be no "winning strategy" in equities investment (apart from investing in an index fund). The widely followed analysts who recommend selling TSLA shares based on what they expect to happen, make their prediction come true by speaking publicly (an "announcement effect") -- compare the rate of change in the stock price when the "experts" aren't offering their advice to the public.

It also builds the reputation of the analysts -- the more correct calls they make, the more wise they seem. The more wise they seem, the more the public follows their advice. The more the public follows their advice, the more "correct" calls they seem to have made.

The real winners are those who make their moves the day before the experts speak, which is why insider trading is illegal.

http://arachnoid.com/equities_myths/

Re: Tesla Tanks After Goldman Downgrades to Sell

#83

Post by flukus »

slackstation wrote: post #66
johan_larson wrote: post #54

Earlier quoted context omitted.

I wonder why Bloomberg didn't try to put this drop into perspective, somehow. Surely there are traditional measures of volatility, and they could have presented those. Why didn't they? The simple answer is that bold statements grab more eyeballs, I suppose. But is that all there is to it?

Because news agencies make money from attention not accurate and usable information. Also, financial market movement has so many factors that govern their movement, that in the short term it looks random but, peoples' daily need for news forces them to put a narrative to almost random short term moves. Now this movement seems clear but, I can't know and verify for sure unless I have a representative sample of trader…

> Because news agencies make money from attention not accurate and usable information.

Doesn't bloomberg have a specific market that values accurate and usable information over click bait?

Re: Tesla Tanks After Goldman Downgrades to Sell

#84

Post by ww520 »

michaldudek wrote: post #68

It baffles me how all these smart people completely don't get Elon or Tesla. Maybe it's hard to understand for some that money is not the ultimate motivator? I'm pretty sure that Tesla could be a profitable company today if they stopped all investments and just focused on selling amazing Model S (who needs AP2?) (best car ever made in opinion of many reviewers!). But they're a tech company that happens to make cars (…

Amazon had its up and down. See where it has gone today, dominating in multiple areas, while barely profitable.

Re: Tesla Tanks After Goldman Downgrades to Sell

#85

Post by jlgaddis »

alexro wrote: post #24
exhilaration wrote: post #11

I wish it would "tank" a little further so I could buy some shares.

If you like to risk buy Bitcoin instead. None of the Bitcoin buyers who held on the investment ever lost money.

I bought $11,000 USD worth of BTC at $7. I sure wish I had held on to it.

Re: Tesla Tanks After Goldman Downgrades to Sell

#87

Post by mncolinlee »

michaldudek wrote: post #68

It baffles me how all these smart people completely don't get Elon or Tesla. Maybe it's hard to understand for some that money is not the ultimate motivator? I'm pretty sure that Tesla could be a profitable company today if they stopped all investments and just focused on selling amazing Model S (who needs AP2?) (best car ever made in opinion of many reviewers!). But they're a tech company that happens to make cars (…

As a tech company, Tesla has never delivered a product on time. Worse, it's usually 2-3 years late, not the usual 3-6 months delay for software. At this moment, GM beat the Model 3 to market with its cheaper competitor by at least six months and at industry scale.

Now, bear in mind, I'm an early stage Tesla investor. I bought Tesla at $38 and sold them at $150. I felt they were beyond fairly priced at $150 before they unveiled any self-driving tech. So I've been ignoring financial industry naysayers for years.

My take on Tesla is this: this moment is do or die for the company. It's fine to be six months late or even a year late if they launch the Model 3 with full autonomous driving capability at a price affordable to the upper-middle class. But more could be fatal. Several major competitors are nipping at their heels concerning both EVs and autonomous cars, including GM, Nissan, and BMW among others.

The one best thing going for Tesla is their sterling reputation with consumers. Geeks believe that their cars are magic spaceships and are willing to wait unbelievably long times to own one. Their brand reputation is better than Apple. They must deliver quality and not rush production just to meet the Bolt EV in the market.

Re: Tesla Tanks After Goldman Downgrades to Sell

#88

Post by snovv_crash »

yladiz wrote: post #80
sixQuarks wrote: post #79

Earlier quoted context omitted.

You don't have to have a formal education to be considered an engineer. His bio says "engineer, inventor, explorer" http://www.biography.com/people/elon-musk-20837159

I disagree, being an engineer is similar to being a doctor, meaning you go through training and take an oath before officially becoming one. I wouldn't consider a colleague an engineer if they didn't take the engineering oath.

That's to be a registered engineer. It means you can sign off on human-used structures and machines. Lots of people are engineers, and just get a registered engineer to look it over and sign off before production.

Re: Tesla Tanks After Goldman Downgrades to Sell

#89

Post by thefalcon »

jlgaddis wrote: post #85
alexro wrote: post #24

Earlier quoted context omitted.

If you like to risk buy Bitcoin instead. None of the Bitcoin buyers who held on the investment ever lost money.

I bought $11,000 USD worth of BTC at $7. I sure wish I had held on to it.

Out of curiosity, and if you don't mind sharing, why/when did you get out of it?
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