OT: Stock and Investment Talk
- Thread starter RU-05
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Yet their rev's will have gone from 4B in 2015 to 70B(estimated) by 2023. And along the way they will have gone from not profitable to profitable.
If we are talking strictly business and not the stock price, these anti TSLA arguments seem very nitpicky.
I see Short interest at 140%(not even sure how that works), so I guess that makes sense.
Don't we all actual own Tesla since almost every mutual fund has a position?
Should look into the VW short squeeze in 2008. That was crazy.
Good point. I did a quick estimate a week or so ago and it is likely that I own $60-80k in Tesla via funds (mostly managed growth funds). However, these allocations change, so it is hard to lock it down. One of my best funds, Fidelity Growth Company K (FGCKX), has dropped Tesla from 6.5% to 2.5% over the past few months.
You keep repeating people can't afford Tesla vehicles. Please explain how they're too expensive if they sell every vehicle they produce.
FSD started at 6K (or 5K?)and the price has steadily increased to its current $10K. Plenty of people are already paying 10K for FSD. Doesn't sound like a demand problem. That price is going to continue to increase. If/when the robotaxi network is launched, the price for FSD is really going to skyrocket as Tesla owners will have the option of adding their vehicle to the robotaxi fleet.
The only real newsworthy story on Bloomberg that I see is about their company driving towards an investment grade rating.
Lol. Yeah, its a little more than that. Wallet passwords are often 12 - 24 work key phrases.
I've got an old laptop with a metamask wallet full of Ethereum that I picked up 2017 in the $30 range and forgot about. When ETH punched through $1000 again a few weeks ago, I dug the laptop out & discovered my son smashed the screen. I really should pop out that hard drive and buy a car or something with the ETH. 😄
Another nice day, been buying on the dips and selling in a day or two. Earnings coming especially Techs in 2 weeks 2/3. Also NFLX 1/19 and UNH 1/20
What’s your definition of affordable? Do you really think people who can afford a Tesla want or need to have their car used as a taxi? TSLA needs a product in the 20k range (that makes money) to be able to capture the market share it needs to justify the current valuation.
Bought WISH the other day, a recent IPO that sputtered out of the game, on the recommendation from one of the Palantir founders while on a CNBC interview. Up 16% today and 20% overall.
PLTR took a while to get going, and then took off, hoping WISH will go on a similar run.
PLTR took a while to get going, and then took off, hoping WISH will go on a similar run.
Wish I bought it sooner than I did. Still a beautiful 25% gain in the last couple days
Affordable = They sell every car they make. What's your definition?
I would imagine some people, especially those with older models wouldn't mind having their cars make money for them while they're not being used. To be clear, Tesla will own the majority of robotaxis. It will not be reliant on owners. Owners will have the option of joining the network.
$25K model will be coming in ~2022. Each continent will have their own version, which I think is pretty cool. These $25K vehicles will be availible for purchase and also comprise most of Tesla's robotaxi network.
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So does Ferrari and Rolls Royce. That's an interesting definition.
We are also going to be getting higher corporate taxes (and personal income taxes). This reduces the value of equities. Will there be enough stimulus to offset this? We will see. And everyone knows that we will need to pay that stimulus back at some point (along with all the govt debt accumulated over the last 12 years). Wish that I was as confident as some of you.
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They make every car they're able to make, and they sell every one. Better? Can Ferrari and RR make more vehicles if they choose? Probably, but IDK.
Realize, Tesla currently has 1.5 factories, and they're battery constrained. They're scaling production as fast as possible to meet demand. By the end of this year, I would expect Shanghai to be full go. Berlin and Austin will just be getting started some time 2nd/3rd Q. Eventually, each vehicle factory will be producing their own battery cells.
Again, Ill refer to Wright's Law
I have to tread lightly without violating board rules, but the longer Congress is wrapped up in impeachment, particularly a trial, the less like they are to pass legislation making tax hikes retroactive to 1/1/21.
I believe Biden and some main Dems walked back the timing of any tax increases to later in 2021 or even 2022. The focus is vaccinations, stimulus, and getting employment back on track. All good stuff for the market! :)
So, made some changes to our E-Trade account. Moved ETH to a new portfolio and will track any crypto assets separately (since this is just some speculative fun). Now willing to allocate up to 8% of our main portfolio to future/innovation focused ETFs. As I mentioned before, we bought some IDRV and yesterday before the close, bought a few grand of ARKK to test it out. Got a while to go to hit 8%, but if this is successful, we will get there.
:)
Unlike the modern day SOES bandits on this thread, I have a firm understanding of financial planning, and took care of pending financial obligations before making reckless speculations.
That crypto loot is mine, all mine!
I was looking at ARKG but ARKK has a longer and more consistent track record. Still, lots of good things to say about ARKG so I will continue to track it. Nice portfolio.
I have owned ARKK for awhile and had some very nice returns. I liked al the underlying names as single stocks and decided to buy this instead the time for the exposure. I am looking at ARKG as well
MDK already made the point on Ferrari.
median income in the us is around 60k. You shouldn’t buy a car that’s more than a third of you salary. That’s how I came up with 20k.
I can’t wait to see their 25k model. It will be interesting to see how they compete in that segment.
You need another edit. They can make a lot more S and X but choose not to because demand is not there.
Unlike those SOES clowns, I don't need a computer program to out think the market.
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Although I own both GBTC (yay) and ETHE (boo), I also recently bought ETH on Paypal. If you want to separate your crypto portfolio, I highly recommend using Paypal. Literally took a couple clicks to buy ETH on the site. They offer Bitcoin, ETH , Bitcoin cash and Litecoin only. If you're buying other cryptos or etf's than Paypal is not for you.
As for innivation etf's, all the ARK's are the best, ARKK specifically for "innovation".
I own ARKK, ARKG,ARKQ AND ARKF......all for the long term. I believe they concentrate on the companies that are likely to disrupt in each of these sectors going forward.
I researched ARKK for the past 2 weeks, it has a legit track record. Seems more established than the other ARK's. I'll slowly bring ARKK and IDRV up to a combined 8% and see how it goes.
Just got a surprise "spot" bonus from my company (and this is 2 months before regular bonus season!). Lots of decisions to make. 🤣
I've been in an out of TSLA over the past 18 months, each time for a profit. Had I held on instead of getting in and out, I would have made more but I'm ok with my decisions. This an interesting article from the ARK analyst on TSLA:
Tesla Price Target: Tesla's Potential Trajectory During the Next Five Years
Based on new research, ARK is sharing our latest model to clarify what we believe is Tesla’s potential. A Tesla price target of...
ark-invest.com
We'll def need to pay all this back. It's quite concerning. It's also one of the things that pushed me into the crypto space this year
Maybe buy out your employer :)
Interesting take on the potential of the autonomous robotaxi network. Whether your bullish or bearish, you can see it's a money printing machine. An interesting question...If the robotaxi network launches, would Tesla eventually stop selling vehicles?
