absolutely Tesla is a technology company. The technology is sold, wrapped in a car. That's why I think the technology could be sold to other car companies.
I want to see the larger Elon Musk picture. Buying Tesla is also buying Musk. Space. Tunnels. Solar. And computer chips inside a pig.
If you consider the potential of Teslas power company and grid storage initiatives, and add them to the car company price, it's still not worth the current valuation.
Unless all of Musk's projects are under the Tesla umbrella. Space X, Boring Tunnels, and now this pig brain computer, are separate entities. They supposedly do not take from or contribute to Tesla balance sheet. For the record, I am not a fan of the tunnel. This brain computer implant has piqued my interest.
SpaceX, Boring Co., and Neuralink are independent companies. For the record, Boring Co. has an extremely bright future. They have reduced tunnelling costs by nearly an order of magnitude. This releases a lot of major projects that have been shelved due to cost. I too, thought it was a poor business to get into. That was three and a half years ago. I was wrong. In 10 years, if everything goes reasonably well, there is good chance Tesla will no longer sell cars. Analysts should fill out a questionnaire before publishing anything regarding Tesla. The questionnaire would have one question: "Do you think Tesla will sell cars in 2030?" If they answer "Yes", anything they publish should be prefaced with the warning label, "Caution: This analyst doesn't have a God damned clue what Tesla is or where they are going." Tesla could easily beat the auto manufacturing industry and become the dominant builder for the planet. If so, great, but that is not their primary mission.
I agree. I don't see Tesla building a global network of manufacturing and distribution to tackle VW, Toyota, Honda, et al. Far more profitable to develop the best technology, then license it.
This is probably pretty nerverwrecking to all those new traders who jumped in for the split. We are heading here for the first tests of support IMO
Jim Cramer has been saying, "buy Tesla, buy Apple". Same way he said, "buy Bear Stearns". When Tesla IPO'd, he was negative. To which Elon Musk said, "we are no Bear Stearns". Everyone calls into Cramer's show with, "boo-ya Jimmy Chill". Like he was a Caucasian rapper from the 90's. I want to call in and say, "WTF are you doing? This isn't a game here. With your props, sound effects, and shenanigans that you pull every night."
TESLA and IDEX - The EV Revolution Continues http://allfinancetimes.com/idex-q2-tsla-five-one-stock-split/
In his defense, APPL and TSLA have been doing great for the holders, assuming you have not bought the recent highs.
Agreed. Even those who have purchased recent highs have a profit opportunity if they are patient. Of course, they won't take it. People who buy peaks are looking to get rich quickly and wouldn't dream of holding long term, however, both companies have the ability to grow their business beyond peak market valuations.
Why are we still talking about Jim Cramer after he has been dead wrong for years? His track record on Tesla is something like 98% wrong and yet people look to him as an authority. Anybody can predict a marathon winner, 200 meters before the finish line. No wonder so many people are stripped of their wealth in the markets.
Let me re-frame the Cramer crapping. I don't hate Cramer. He is a pragmatist and I respect that aspect of him. He is also ignorant as hell. B Russ has an admirable track record on Tesla. He has demonstrated more knowledge than Jim Kramer, he has been right on Tesla's fortunes far, far more often and far longer than Jim Cramer, and yet he is barely given the time of day in this thread while Cramer has been pictured or mentioned many, many dozens of times. I point to this as proof of how easily traders are distracted from objective reality. We just want to focus on any shiny coin that rolls across the floor. IMO, this is further proof that a retail investor has just as much ability to succeed and even dominate as anyone on wall street or in the media. Industry cannonization is almost universally bullshit. Sure, there is an extremely small handful of industry people who have done very well but there are legions of really good quality retail investors who are ignored in the race to aggrandize a bunch of clowns who have perfected the art of being wrong.
But here's the difference: the clowns have a camera pointed at them and they look good being wrong. It's not their damn money.
