Tesla stock

[Anonymous]

Anonymous wrote:Tesla is interesting. They make EV cars but they are also the "fuel" provider thru partnerships with Wawa etc. It is an interesting model. Ford/GM make cars but they are not in the fuel business.

And most of their profit is from carbon credits...not actually sales of the cars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hang on to it. All the FAANG and related tech stocks are hurting. Dont get caught up in Elon hating. Tesla is an outstanding car, and even though there are competitors, they lack Tesla's appeal. We onky drive Teslas now, other EVs just arent the same. The plaid x is the fastest accelerating SUV on the market, EV or otherwise. People looking for a fun luxury ride arent leaving tesla anytime soon.

Bad analysis. They were priced like an EV monopolist and that’s over

Agree with both you. Tesla is the Mercedes of EVs with no other on the horizon to take their place. However, they are priced like a monopoly which is no longer the case. By the time the stock market recovers and "risk-on" becomes the norm, Tesla will have too much quality competition to warrant the high valuations they commanded, unless of course their other projects pay off on the same scale as Tesla. Highly unlikely given Elon's inability to focus and the culture wars he's getting himself into. His customer base for his future products are on the other side of the culture wars than he is and most would likely opt for a competitor than go with him, especially after Twitter and after 2024 (when he will be using Twitter in an openly partial way to support Italian Ron from Florida).

This. He should have been crazy and quiet, that would have kept it all going.

I think he's conditioning us to accept such behavior. The slide into openly right-wing bias will be slow and steady so it can gather momentum. And who knows.. if Ron wins, he may decide to nationalize twitter and pay Elon a $100B for it. Maybe that's their end game? win-win.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hang on to it. All the FAANG and related tech stocks are hurting. Dont get caught up in Elon hating. Tesla is an outstanding car, and even though there are competitors, they lack Tesla's appeal. We onky drive Teslas now, other EVs just arent the same. The plaid x is the fastest accelerating SUV on the market, EV or otherwise. People looking for a fun luxury ride arent leaving tesla anytime soon.

Bad analysis. They were priced like an EV monopolist and that’s over

Where do you get this? I'm not aware of Teslas being priced differently than cars with comparable performance. All cars are expensive these days. Last I heard there's also a huge waiting list to get a Tesla--they are selling faster than Tesla can manufacture. Why would Tesla lower the price when there is already more demand than supply?

[Anonymous]

Stock down another 3 percent today while the broader market is surging. Really really frustrating.

[Anonymous]

Anonymous wrote:Stock down another 3 percent today while the broader market is surging. Really really frustrating.

Higher interest rates, irrational tech boom over, more and more competition every quarter in the EV sector....

TSLA is in secular decline and will be priced more and more like a regular company. Things like earnings and profit margin will actually matter.

[Anonymous]

Anonymous wrote:Stock down another 3 percent today while the broader market is surging. Really really frustrating.

It's going to keep going down. It is still at a crazy PE multiple and the bubble has been popped. I expect it to keep diving until to something like $45-$50/share. You might as well sell now and take the tax loss.

[Anonymous]

Sell covered calls on it. One of the few stocks where you get a nice premium.

[Anonymous]

Anonymous wrote:Hang on to it. All the FAANG and related tech stocks are hurting. Dont get caught up in Elon hating. Tesla is an outstanding car, and even though there are competitors, they lack Tesla's appeal. We onky drive Teslas now, other EVs just arent the same. The plaid x is the fastest accelerating SUV on the market, EV or otherwise. People looking for a fun luxury ride arent leaving tesla anytime soon.

That's why all the luxury brands do so well, its not like Porsce had to bailed out by Volkswagon or Volvo by Geely...

[Anonymous]

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Anonymous wrote:I’m kicking myself for investing in it. I was obviously the last person in America to figure out that Elon Musk is a nut job. I invested before he bought Twitter and since then all the guy does is tweet stupid stuff while Rome burns. My investment has dropped more than 50 percent this year. It’s doing worse than crypto! Now it’s far too late for me to sell too.

Ugh.

At least sell now and take the loss. Buy after a month if you still think it has potential.

I think it’s a bad idea to sell a stock that has dropped this low.

You should really stop buying individual stocks and stick to index funds, or maybe lifecycle funds

I will clarify.

The overwhelming majority of my holdings are in mutual funds. Like 99 percent. But around a year ago, for the fun of it, I bought about 55k in Tesla stock. Today it’s worth 26k. It’s not gonna kill me, but it sure is annoying. It’s worse because he’s just such as a$$.

You are worth $3M. Cry me a river.

Actually I’m worth $7 million but ok

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m kicking myself for investing in it. I was obviously the last person in America to figure out that Elon Musk is a nut job. I invested before he bought Twitter and since then all the guy does is tweet stupid stuff while Rome burns. My investment has dropped more than 50 percent this year. It’s doing worse than crypto! Now it’s far too late for me to sell too.

Ugh.

At least sell now and take the loss. Buy after a month if you still think it has potential.

I think it’s a bad idea to sell a stock that has dropped this low.

You should really stop buying individual stocks and stick to index funds, or maybe lifecycle funds

I will clarify.

The overwhelming majority of my holdings are in mutual funds. Like 99 percent. But around a year ago, for the fun of it, I bought about 55k in Tesla stock. Today it’s worth 26k. It’s not gonna kill me, but it sure is annoying. It’s worse because he’s just such as a$$.

You are worth $3M. Cry me a river.

Actually I’m worth $7 million but ok

You have to be a surgeon!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Stock down another 3 percent today while the broader market is surging. Really really frustrating.

It's going to keep going down. It is still at a crazy PE multiple and the bubble has been popped. I expect it to keep diving until to something like $45-$50/share. You might as well sell now and take the tax loss.

I would but it’s in a retirement account so I can’t even take advantage of the tax loss!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m kicking myself for investing in it. I was obviously the last person in America to figure out that Elon Musk is a nut job. I invested before he bought Twitter and since then all the guy does is tweet stupid stuff while Rome burns. My investment has dropped more than 50 percent this year. It’s doing worse than crypto! Now it’s far too late for me to sell too.

Ugh.

At least sell now and take the loss. Buy after a month if you still think it has potential.

I think it’s a bad idea to sell a stock that has dropped this low.

You should really stop buying individual stocks and stick to index funds, or maybe lifecycle funds

I will clarify.

The overwhelming majority of my holdings are in mutual funds. Like 99 percent. But around a year ago, for the fun of it, I bought about 55k in Tesla stock. Today it’s worth 26k. It’s not gonna kill me, but it sure is annoying. It’s worse because he’s just such as a$$.

You are worth $3M. Cry me a river.

Actually I’m worth $7 million but ok

You have to be a surgeon!

Lol no I’m not a surgeon but I’m definitely an idiot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m kicking myself for investing in it. I was obviously the last person in America to figure out that Elon Musk is a nut job. I invested before he bought Twitter and since then all the guy does is tweet stupid stuff while Rome burns. My investment has dropped more than 50 percent this year. It’s doing worse than crypto! Now it’s far too late for me to sell too.

Ugh.

At least sell now and take the loss. Buy after a month if you still think it has potential.

I think it’s a bad idea to sell a stock that has dropped this low.

You should really stop buying individual stocks and stick to index funds, or maybe lifecycle funds

I will clarify.

The overwhelming majority of my holdings are in mutual funds. Like 99 percent. But around a year ago, for the fun of it, I bought about 55k in Tesla stock. Today it’s worth 26k. It’s not gonna kill me, but it sure is annoying. It’s worse because he’s just such as a$$.

You are worth $3M. Cry me a river.

Actually I’m worth $7 million but ok

You have to be a surgeon!

Lol no I’m not a surgeon but I’m definitely an idiot.

Okay, what do you do that you missed the TSLA/Twitter firestorm? I mean TSLA was a meme in 2020? Are you an Astronaut and just got back from ISS?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m kicking myself for investing in it. I was obviously the last person in America to figure out that Elon Musk is a nut job. I invested before he bought Twitter and since then all the guy does is tweet stupid stuff while Rome burns. My investment has dropped more than 50 percent this year. It’s doing worse than crypto! Now it’s far too late for me to sell too.

Ugh.

At least sell now and take the loss. Buy after a month if you still think it has potential.

I think it’s a bad idea to sell a stock that has dropped this low.

You should really stop buying individual stocks and stick to index funds, or maybe lifecycle funds

I will clarify.

The overwhelming majority of my holdings are in mutual funds. Like 99 percent. But around a year ago, for the fun of it, I bought about 55k in Tesla stock. Today it’s worth 26k. It’s not gonna kill me, but it sure is annoying. It’s worse because he’s just such as a$$.

You are worth $3M. Cry me a river.

Actually I’m worth $7 million but ok

You have to be a surgeon!

Lol no I’m not a surgeon but I’m definitely an idiot.

Okay, what do you do that you missed the TSLA/Twitter firestorm? I mean TSLA was a meme in 2020? Are you an Astronaut and just got back from ISS?

I bought the stock in March. Stupid stupid stupid. I know.

[Anonymous]

Anonymous wrote:Hang on to it. All the FAANG and related tech stocks are hurting. Dont get caught up in Elon hating. Tesla is an outstanding car, and even though there are competitors, they lack Tesla's appeal. We onky drive Teslas now, other EVs just arent the same. The plaid x is the fastest accelerating SUV on the market, EV or otherwise. People looking for a fun luxury ride arent leaving tesla anytime soon.

And yet I'm seeing more and more Lucid EVs on the road around here. It will become the new status car around here in the next year or so.