Heard on CNBC that the Chinese have only to wait 1-2 months for a permit to own a E V v's 12 months for a conventional vehicle, could be one reason why they are so popular amoungst many others.
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Cheers whatsup, I know its ballsy, I know shorting is dangerous so its only a small trade. Cramer hhmmmm, he is a funny guy, but they did some Phd study on him and he underperforms the market was the conclusion. But yeah I know TSLA can go higher, much higher. But it can also go much lower. I have lived through 2 bubbles now and this smacks of one. Although it could well be that we are still in the initial stages of said bubble and TSLA goes up to $5,000 before falling to more realistic levels. Time will tell. I have a tight stop in place if things get out of hand.
Did the books for a angora goat farmer in the 1980's and as mentioned the other day at one point the market value for a good breeding angora goat got to $15,000 a head.
I remember as a young accountant sitting down with him and asking how they could possibly be worth that much and being completely perplexed with his answer.
Wonder what they are worth now.... https://www.trademe.co.nz/business-f...4e7de04d76-001 Seen the big bubble in Deer prices collapse too and who can forget the dotcom era when the Nasdaq fell a whopping 90% in a period of time after many companies with bubbles therein went "pop".
Tesla zealots will always point to a number of factors that suggest world domination is imminent including claims their battery technology is better, their electric drive units more technically advanced and so on. There is undeniably massive competition coming and the write up in the current February 2020 issue of N.Z. Autocar on the Mercedes-Benz EQC is an interesting read. You can now have typical Mercedes-Benz quality with your EV and they are rolling out 7 more EV models over the next couple of years. Audi too have a large number of EV's coming between now and 2024 as do BMW and Jaguar. GM, Ford, Toyota, Hyundai and many others are in the advanced stages of preparing for a massive new model onslaught with EV's.
Let's hope the legacy makers do up their game on EVs, otherwise they will die. The question is how quickly will the switch to EVs happen. There are several cities and countries where new fossil fuel based cars will be banned in the coming years. Evs are already over 50% of the new car market in Norway. New fossil fuel run car sales have been rapidly falling in France, UK, Germany and even Australia. Renault and Peugeot have good EVs in the market, The Koreans are doing well, but seem to be supply limited. The Leaf sells well, despite the battery issues. VW, Porsche, Audi and Mercedes will eventually sort out their production issues. Toyota will be working on full evs in case their strategy of Fuel Cells and Hybrids fails. Tesla needs these companies to succeed. The question is will Tesla have no market share of the car market or 20%. That is the difference between Tesla at $0 and Tesla at $15,000 a share.
Definitely in a bubble but we will go back up before we go down. This is classic behaviour.
I expect we hit 850 - 880 before go back down again. I think the shake out of 30% from it's peak means we probably won't see the highs again.... could be wrong :)
What would happen to TSLA shareprice if Eion dies?
If he dies the price would drop, but the technology would not be uninvented, the momentum of change would likely slow.
Here is an unpaid EQC review for you Beagle
https://www.youtube.com/watch?v=2MTUx77n4Ww
Unfortunately I couldn't hang on - I broke my own trading rules and ended up down! Was 650 shares short (500 in £ denom) so it's kind of hard to watch where it is right now.... would have been a few hundred £k. Never mind. More bubbles will pop. But I probably won't be as aggressive next time!!
This thread's gone pretty quiet. Who doesn't like a CEO talking down the stock? Such great leadership....
Elon has had a few things to say:
“I think the people are going to be very angry about this and are very angry. It’s like somebody should be, if somebody wants to stay in the house that’s great, they should be allowed to stay in the house and they should not be compelled to leave. But to say that they cannot leave their house, and they will be arrested if they do, this is fascist. This is not democratic. This is not freedom. Give people back their goddamn freedom."
“So the expansion of the shelter in place or as frankly I would call it forcibly imprisoning people in their homes, against all their constitutional rights, but that’s my opinion, and breaking people’s freedoms in ways that are horrible and wrong, and not why people came to America or built this country. What the f---. Excuse me. It’s outrage, it’s an outrage. It will cause great harm not just to Tesla, but to many companies. And while Tesla will weather the storm there are many small companies that will not,” he said.
https://www.cnbc.com/2020/04/29/elon...twitter%7Cmain
Yeah and I think a few mins later the call had "technical difficulties". What a complete loose cannon. Can't see why anyone in their right mind would invest in this company. At any moment the CEO can jump on twitter and effect the stock price by significant amounts then goes into crazy tirades on investor calls. Great entertainment (if you aren't an investor).
I am really starting to warm to this guy....
https://www.nytimes.com/2020/05/13/o...ory-covid.html
https://www.reuters.com/article/us-a...-idUSKBN22Q1WC
it would seem this article supports that view.
IF he achieves that the cult of Musk will turn into that of an Earth Warrior Saviour.
Wasnt long ago every Investment advisor i read said sell tesla, now it looks to be going the other way.Saw a $2000 price target today!
.Tesla’s stock soars to 4th-straight record as Wall Street’s biggest bear raises price target.8 hours ago