Tesla Motors death watch

[s0me0nesmind1]

There is a bit more to it than that.

Musk came to Canada from South Africa when he was 18. He knew he wanted to get a US Green Card, but it was easier to get the Green Card from Canada than the US. He then got a Green card and came to the US 1995 at 24 years old. He founded Zip2 with his brother which eventually got acquired by Compaq in 1999 and he got $22M. Funny video of a young Musk getting a McClaren F1 back in 1999 - https://www.youtube.com/watch?v=kSHUha9ABNY.

There is something about immigrants that come from African countries that want to work themselves to death. I've seen it a few times.

We have a partner at our firm that is pure south african as well, the man doesn't know what stop working is. If you tell him you want to stop working tonight because you have plans to do something with your family he will give you an odd look.

 

[BD231]

This thread would be far more interesting if it was an actual death watch, ie how many people get killed in accidents involving tesla's. Somebody should start that thread immediately.

 

[DaveSimmons]

> September 26, 2013

Any day now!

 

[beginner99]

> September 26, 2013

Any day now!

Will still take some time, years probably. It is still a good bet to purchase put option on tesla stock. Fact is it is greatly overvalued. Tesla has higher value than GM yet it's sales are about 1/100th of GM sales. So even if tesla takes off, all that value actually already is in the stock. There is only room to go down. And this doesn't include the fact that GM actually makes money while tesla is still far, far in the red.

Personally I see it that tesla cars will go the way of the dodo but they will become main supplier of batteries for other manufacturers and keep foot in the solar market (solar roof, power wall). Once established car manufacturers go EV, tesla won't stand a chance. Volvo now being the first one that committed to such a course of action.

 

[DaveSimmons]

Will still take some time, years probably. It is still a good bet to purchase put option on tesla stock. Fact is it is greatly overvalued. Tesla has higher value than GM yet it's sales are about 1/100th of GM sales. So even if tesla takes off, all that value actually already is in the stock. There is only room to go down. And this doesn't include the fact that GM actually makes money while tesla is still far, far in the red.

Personally I see it that tesla cars will go the way of the dodo but they will become main supplier of batteries for other manufacturers and keep foot in the solar market (solar roof, power wall). Once established car manufacturers go EV, tesla won't stand a chance. Volvo now being the first one that committed to such a course of action.

Or they could end up like Microsoft, who makes up to $40 per Android phone from patent licensing. And who knows how much from SD cards and devices from exFAT licensing.

 

[JM Aggie08]

> September 26, 2013

Any day now!

OP was such a silly bitch.

 

[Murloc]

Personally I see it that tesla cars will go the way of the dodo but they will become main supplier of batteries for other manufacturers and keep foot in the solar market (solar roof, power wall). Once established car manufacturers go EV, tesla won't stand a chance. Volvo now being the first one that committed to such a course of action.

there's also the automation thing. They could be a partner to mass market manufacturers and stick to luxury models.

 

[Capt Caveman]

OP was such a silly bitch.

The stupid OP has zero understanding of a starting up a company or much of anything else.

 

[ultimatebob]

I think that Elon Musk went off his meds and started posting random crap on Twitter again:



Perhaps this might be a good time to take some profit and sell my shares?

 

[KMFJD]

I think that Elon Musk went off his meds and started posting random crap on Twitter again:

View attachment 20447

Perhaps this might be a good time to take some profit and sell my shares?

https://twitter.com/x/status/1256262038269177859

 

[ultimatebob]

Oh, and before Ponyo comes in to respond, let me say this:

1) I like Tesla. It's overhyped, but it has some serious growth potential.
2) I like Elon Musk. He's amusing. He has no concept of how long it takes to complete projects, but he is amusing.
3) I DO NOT like Elon Musk running Tesla. It's time for him to step aside and let a "Grown Up" CEO take over. Time for him to cash out and invent his next startup.

Oh, and I agree with Elon's Tweet. When I bought TSLA at 355, it was a bargain. I probably should have sold it when it hit 600, though. Now it's overvalued again, especially considering that we don't know when their factory in California is going to reopen at full capacity.

 

[Craig234]

Musk opposing virus safety measures. Screw him.

 

[ponyo]

Oh, and before Ponyo comes in to respond, let me say this:

1) I like Tesla. It's overhyped, but it has some serious growth potential.
2) I like Elon Musk. He's amusing. He has no concept of how long it takes to complete projects, but he is amusing.
3) I DO NOT like Elon Musk running Tesla. It's time for him to step aside and let a "Grown Up" CEO take over. Time for him to cash out and invent his next startup.

Oh, and I agree with Elon's Tweet. When I bought TSLA at 355, it was a bargain. I probably should have sold it when it hit 600, though. Now it's overvalued again, especially considering that we don't know when their factory in California is going to reopen at full capacity.

Sigh. You really should sell your TSLA shares. It's pretty clear you don't understand your investment. TSLA closed at $700 today so it's still $100 higher than $600 you wanted to sell at, so please sell your shares now.

The day Elon is not running TSLA is the day I sell every TSLA shares I own. Elon is Tesla. He is the heart and soul of that company. If you think he's in this for the money, you clearly don't know Elon. Why are you invested in something you're ignorant about? He just told you with his tweet today he doesn't care about money. He's TSLA biggest shareholder and suffered the biggest paper loss today.

Elon will eventually cashout of TSLA. He has to if he wants to go to Mars. Everything Elon is doing is for Earth and Mars. If you don't already know this, you need to learn. With TSLA, you get the good and bad with Elon. It comes with the territory. I've been on so many rollercoasters with Elon, nothing phases me anymore. I took a hit today but I've suffered way larger paper losses in the past due to Elon.

There's method to Elon madness. He's trying to get the government to allow Fremont to open back up and running again before his small suppliers start going out of business. This is not Tesla only problem but true for many manufacturing companies. You're free to agree or disagree with him but he's not going to cash out and move to another startup. That's not what drives Elon.

 

[Craig234]

There's method to Elon madness. He's trying to get the government to allow Fremont to open back up and running again before his small suppliers start going out of business. This is not Tesla only problem but true for many manufacturing companies. You're free to agree or disagree with him but he's not going to cash out and move to another startup. That's not what drives Elon.

Showing no care for their lives. If that were the choice, he's wrong. But there are other ways to protect businesses also.

 

[Red Squirrel]

I think that Elon Musk went off his meds and started posting random crap on Twitter again:

View attachment 20447

Perhaps this might be a good time to take some profit and sell my shares?

I saw that, hilarious.

The best is seeing the stock price get affected by a single tweet and people freaking out.

 

[ultimatebob]

I'll say this... I'll bet that Tesla's next car factory won't be anywhere near California. He's going to hold a grudge about this, and put his next factory in a Red state like Texas or Georgia that is less likely to mess with the operation of his business.

 

[WelshBloke]

I think that Elon Musk went off his meds and started posting random crap on Twitter again:

View attachment 20447

Perhaps this might be a good time to take some profit and sell my shares?

Did he just say the quiet bit out loud?
That's how you get the SEC super pissed at you.

Guy seems to have gone totally off his meds this time looking at his other tweets.

 

[jpiniero]

The Deus Ex boxart as his picture is a nice touch.

 

[cytg111]

I think that Elon Musk went off his meds and started posting random crap on Twitter again:

View attachment 20447

Perhaps this might be a good time to take some profit and sell my shares?

This is an Elon “middle finger” ... he is here on a mission, not to play nice with your feels.
I dont know what that translates into in the real world but that is how he operates. No meds involved.

 

[Craig234]

Is no one considering it's possible that with the stock crash, he wants to buy some back, and driving it even lower will help him get it at a lower price?

 

[Red Squirrel]

Is no one considering it's possible that with the stock crash, he wants to buy some back, and driving it even lower will help him get it at a lower price?

I was kinda thinking that too, I wonder if he does this on purpose. I think it's silly that socks can go down because of a single tweet though. And people actually rely on such a fragile system? I treat it as a casino myself. Would not put my life savings or money I can't afford to lose into the stockmarket.

I in no way could afford the big stocks like TSLA though. With the site I use you need to buy in groups of 100, and I presume that's fairly normal for consumer grade stock trading sites. If I had that kind of money I think I would be paying off the house. Even if I could buy 1 stock at a time, $700+ is a lot of money.

 

[ultimatebob]

Is no one considering it's possible that with the stock crash, he wants to buy some back, and driving it even lower will help him get it at a lower price?

If Elon wanted to buy more TSLA stock, he should have done it when California announced the closure of all non-essential businesses in late March. The price of the stock panic dropped to around $353 that day.

I had a standing buy order in for $350, but it didn't quite there. I ended up getting in at $355 that day instead, and I'm glad that I did because the price went back up to over $700 a month later.

But, yeah... owning this stock is about as risky as sports betting. The price is hyper inflated and super volatile, and you never know when something might happen to make the stock price crash again.

 

[ondma]

Is no one considering it's possible that with the stock crash, he wants to buy some back, and driving it even lower will help him get it at a lower price?

Isnt that illegal though, trashing your own stock to drive the price down and they buying it back?
Musk doesnt have to go to Mars, he is already in outer space.

 

[manly]

Is no one considering it's possible that with the stock crash, he wants to buy some back, and driving it even lower will help him get it at a lower price?

For one of the richest guys on the planet, Elon Musk is relatively cash-poor. Virtually his entire net worth is his stock in Tesla and SpaceX. Unless I'm mistaken, he's not buying TSLA shares on the open market, not now or ever. He doesn't need to, as he's awfully close to the company awarding him options worth over $1B if the stock price holds up for a little longer. Not to mention, stock price manipulation is so obviously illegal that if he did it to buy cheaper shares and the SEC proved it, he'd be banned for life as an officer at a public company. According to Forbes, he borrows heavily against his stock holdings to finance his lavish lifestyle.

 

[OccamsToothbrush]

Isnt that illegal though, trashing your own stock to drive the price down and they buying it back?

Of course it's illegal, but it's difficult to prove.

Many companies want their stock to trade lower as that increases the number of people who can buy it and makes it look like it has more upside potential. It *seems* easier for a $10 stock to double in price than for a $100 stock to do the same. But that's also easy to engineer, you just split the stock and double the float, so everyone has twice as many shares each worth half as much. You can drop a $100 share price to a $50 share that way and not change the value of the company a penny. If Musk really wanted the company to trade lower he could/should have done that long before now. He could just be posturing for free press, like "see how great this company is, I can't stop from rising, poor me!" so that people don't look at it too closely and see it's a bubble.