That one one hellova cool graphic! No wonder the big auto makers must be putting out all kinds of negative press.
Todays "Tesla is doomed" article: https://www.digitaltrends.com/cars/tesla-is-dying-and-this-is-how-it-will-end/ Tesla is now doomed. Here’s how its EV dream will soon come crashing down
I haven't posted in awhile, so my update for how many Tesla's I have seen since then I'd say is about 3 total Teslas in the last couple weeks. Possibly 5 at most if I'm forgetting some.
3 Surprising Stocks Hitting New Lows: Weibo ( NASDAQ : WB ) , Tesla Motors (NASDAQ: TSLA ) , and Blue Apron Holdings ( NYSE : APRN ).
I was a happy Tesla owner until I read that Digital Trends article. Now I see how wrong I was. I'm going to sell all of my TSLA at market first thing tomorrow.
Good. Electric vehicles are so 2010, we are going back to the horse and buggy, less carbon emissions!
The news is bad yes, the criminals have foreknowledge and front-run the news, yes, but we choose to play in this cesspool, we can blame the market, but that is not helpful and so the only answer is money management or morphine.
We're currently sitting on a ton of cash. It's more cash than I've ever had at one time. I first bought Tesla around the current price, back in 2016. I've since purchased more at higher valuations, most recently at $216. My blended price is way above current market price, I have a ton of cash, I have full confidence the stock will go up, but I have no intention of buying more on the near term. I own about as much Tesla as I want to own. Even a fanboy like me has risk limits. The focus of a long term investor is what the stock might look like at the investment horizon. In my case, that's 10~15 years. So, what will Tesla look like in 2026~2031? I'm more than comfortable with the idea of waiting for the future to arrive.
@TomB16 does it make you a little nervous that auto manufacturers are starting to form more mergers? Most recently FCA with Renault (who is partnered with Nissan/Mitsubishi). The ability to share research and development cost will make their moves to electrification cheaper and quicker which will help them catch up to Tesla much faster. Ford and GM are rumored to be considering a merger as well. I'm not saying Tesla is doomed, I'm just asking if you have considered these mergers and if they've changed your view even a tiny bit. You've researched this area much more than I have.
Good question, T0rm3nted. No. I am in no way nervous about mergers, the way you mean. I'm slightly concerned about a Ford/GM merger because it could take down GM. GM might make it on their own but will have a more difficult time with Ford in tow. I feel the future of GM is brighter than Ford because GM has turned itself into an engineering company. That's what it's going to take to survive. In my view, it's down to who will survive in the face of Tesla. I have no respect for the argument of: can Tesla survive in the face of competition. With Tesla, I am only concerned about internal factors. If Tesla fails, and I openly acknowledge it could, it will be at their own hand. Tesla has all of the batteries and all of the battery technology. They produce 50~60% of the global battery supply. That includes laptops and all other battery uses. Every EV project is late, far later than the Tesla model 3 ramp that was reported on with hysteria. Every EV project is starved for cells. Mergers aren't going to produce more cells. We need more battery factories. The biggest threat to Tesla is mindshare. If someone can figure out how to hack the Tesla network and weaponize the vehicles, that will end the company. That is the reason I'm limiting my investment. Grumpy bears don't seem to comprehend how much demand there is for electric vehicles. There is plenty of room for Tesla and every other manufacturer to produce as many cars as they can make for the foreseeable future.
Interesting article >> The Media's Story About Tesla Is Wrong, Facts Tell Another - https://cleantechnica.com/2019/05/31/the-media-is-telling-one-story-about-tesla-facts-tell-another/
I have an amazing vehicle, an engineering marvel perfected by a century of technological advances in metallurgy, chemistry and electronics. It runs on stored solar energy sold by the gallon and is available everywhere I go. I'm never concerned about getting more of it, and when I do need more, it only takes minutes to add another 600-plus miles of range to my vehicle. It doesn't need batteries. It doesn't need to store electricity produced by a huge acid-rain-spewing heat engine at the end of some gawd-awful environmentally ugly electric transmission line. My vehicle has its own heat engine. It converts stored solar energy into heat energy and then to kinetic energy, all on-board in real time. No messing around waiting for pixies to pack themselves into tens of thousands of rare-earth-metallic flashlight batteries with 800 pounds of toxic lead-soldered connections. I'm a happy owner of an environmentally friendly internal combustion engine....the past, the present, and the foreseeable future....and beyond when hydrogen becomes readily available.
As we wait for this surprise of $TSLA in China !! i hope it is somehting we investors like .. and give this stock a kiss of life to get it back on track #watchlist bit.ly/2QAlcwz
Great nostalgic post, Onepoint272. I remember using lead solder back in 1990 when hydrogen energy storage was just around the corner. Meanwhile, in Shanghai, visible external signs of progress on GF3 are minimal. A large crew remains so I can only assume work continues inside the structure. Still no doors and windows in the apertures. Last week, they were working on installing skylights. Nobody has posted a tight enough image to see clearly if the skylights are done but I think they are on the lower section. They clearly are not in place on the higher sections. There is also a small amount of standing water on site. I expect the rainy season has begun or will shortly. I doubt we will see significant progress on the exterior of the building for a couple of months when rainy season ends. We're almost at the four month point. I think this is approximately midpoint in this phase of the factory build and fit-out. First vehicles are scheduled to roll off the production line in September.
cnbc: Tesla had its second best day this week following report it’s offering hefty incentives to reach high delivery goals
As a long term Tesla long, I don't see anything worth gloating about in the recent price recovery of the shares. Like everyone who follows Tesla closely, I knew the "demand problem" narrative was dishonest. I don't see Tesla doing anything fundamentally wrong as a company. I'm still bullish on Tesla's future. Tesla is cell constrained. They have clearly found a way to increase production recently. There was no word of adding new cell production lines. In fact, they said they wouldn't do that and that present lines had potential for significant efficiency improvements. The first cars are scheduled to roll off the GF3 production line in September. That's only 3 months away. At that point, we will find out what the new anti-Tesla narrative is. In the mean time, we are going to see the announcement of the Tesla pickup truck. They are sandbagging that vehicle hard, saying it won't be for everyone. They need it to be a good vehicle but it certainly isn't as important as the 3 or the Y. One day, it will be but not today. Tesla reporting is no more honest than a contemporary political campaign.
