Today will be a good day for Tesla, CEO tweeting positive news, company rolling out new product. Expect 2.5% + today. $377 EOD.
By the time electric vehilcles become mainstream the other car manufucturers will have caught up with Tesla. Then we will see the true value of this bloated PPS.
Less than 3 months since the dip and we're almost right back to where we were....long term, this is a WINNER. Don't bet against Elon!
Its going to be interesting to see how all the other auto makers make competing vehicles, but Tesla has the name brand so far.
Just know this: 1600 M3 production in Q3 and confirmation of 5k/wk by end of Yr will be all that is needed to get above $450 here. We are less than 2 weeks away for news of production & deliveries in Q3.
Production is the real limiting factor here, as long as they can keep pumping out the cars and demand is met, all is good!
What do you mean by confirmation when you're talking about Tesla cars? The only real confirmation is actual production. Musk is always running his mouth about how hard they're working, and it's a hell factory, etc. But it doesn't matter if they reach these targets, so long as they keep growing imo. It seems that Tesla is the only one that takes the electric car future seriously. All other car companies want to hold on to the gasoline past, and think the future will be a mix of gasoline and electric or something. But China is talking about banning internal combustion engines in 30-40 years, and England(?) is talking about eliminating gas stations in 30-40 years. Tesla is the one company that's taking us to the future that we want as a species, and I think that's why the share price stays up. Sometimes damn the earnings, you're investing in a company that helps you get to where you want to go, and nobody else wants to seriously go there.
China is the market that's going to break it or make it for Tesla. I visited China two weeks ago and I was shocked by how many vehicles powered solely by battery on the road. The main players of electrical vehicles in China are local brands and manufacturers. Their products aim toward affordability and utilities. 90% of the passenger vehicles don't travel more than 150 miles per day. Hence, their vehicles' battery capacity does not necessary require as good as Tesla's but still meet 90% of the consumers needs. If it happens that the consumers want to travel across town, they can always use the massive public transportation system available in China, such as high speed railway & massive subway network. A 4 passengers electrical vehicle in China is selling for as little as 18000 USD only. I think the government's projection of 30 to 40 years is ambitious but not necessary unreachable. If Tesla wants a piece of that big pie, they have to come up with a different strategy. Their current pipeline is just not going to work in a distant future.
Low volume bear movement is nothing more than a healthy consolidation. Looks like a new floor till we get some news.
Tesla is a beacon of hope in these increasingly catastrophic times. Do not short humanity's last and best chance.
Tesla grids everywhere. The new reality of life. Puerto Rico is just an example of why it's needed. Sad but a wakeup call. Next 2 qtrs. don't mean anything in-terms of profitability. Best stock money can buy based on FUTURE potential.
Not scared by a minor production delay. Shows diligence in QA. Better for long term production goals. Only day traders need worry
Bears had their turn from 380-333.Now it’s back to the bulls and back up to 380. If bears did not cover on a 50 pt drop it’s their bad
Consider Firing Musk $TSLA rumor or news. This could be huge and the end of tesla https://seekingalpha.com/a/2g4jo
