Anonymous wrote:

Anonymous wrote:

Anonymous wrote: We don't live in a consequence-free world and I suspect that a petty little man like Musk and his cronies know this, and they resent it. The kind of people who bought tesla ( the cars , not the stock ) aren't the kind of people who have a steady appetite for the racism, conspiracy theories, and erratic behavior of a man inhabited by debilitating insecurities . As if that wasn't enough, he decides to go pay $44B for a social media company that barely generated $5B in revenues , tries to back out of a deal , gets his bluff called out with potential litigation that he was guaranteed to lose . Problem is, when you fork over $44B for a $5B company , it means you have to at least triple the revenues of said company to be able to make loan repayments.

What we're witnessing is yet another collapse of the ' if you're rich then you're smarter than thou' mantra that many of you foolishly , naively and stubbornly cling to, despite mounting and irrefutable evidence it isn't so black and white .

How anyone thought that this company—a monobrand— deserved to be more valuable than General motors ( Chevrolet, Cadillac, Buick) or the Volkswagen group ( Porsche, audi , vw, Bentley , Lamborghini ,etc ) proves that financial illiteracy and general ignorance of the business world transcends demographics and educational levels in this country . The only advantage UMCers have is that they have incomes that might allow them to recover from the consequences of their ignorance. Who knows? The hype train might have kept running had he not decided that in addition to his bland electric vehicles , he's also entitled to be king maker . Let's face it , that's the sole reason for the Twitter acquisition .

I discount all the political stuff - even the Musk is distracted by Twitter stuff. Tesla was tulip stock. The balloon has burst. The legacy auto industry is going chase him out of the car business.

This is way to slow extreme. Tesla is a real company with real valuable products. They have lots of valuable patents as well. Now should they be worth more then all other car makers in the world combined? No way, it was a bubble due to burst but Tesla isn’t going away. There is still billions in value, just maybe not hundreds of billions.

Anonymous wrote:

Anonymous wrote: We don't live in a consequence-free world and I suspect that a petty little man like Musk and his cronies know this, and they resent it. The kind of people who bought tesla ( the cars , not the stock ) aren't the kind of people who have a steady appetite for the racism, conspiracy theories, and erratic behavior of a man inhabited by debilitating insecurities . As if that wasn't enough, he decides to go pay $44B for a social media company that barely generated $5B in revenues , tries to back out of a deal , gets his bluff called out with potential litigation that he was guaranteed to lose . Problem is, when you fork over $44B for a $5B company , it means you have to at least triple the revenues of said company to be able to make loan repayments.

What we're witnessing is yet another collapse of the ' if you're rich then you're smarter than thou' mantra that many of you foolishly , naively and stubbornly cling to, despite mounting and irrefutable evidence it isn't so black and white .

How anyone thought that this company—a monobrand— deserved to be more valuable than General motors ( Chevrolet, Cadillac, Buick) or the Volkswagen group ( Porsche, audi , vw, Bentley , Lamborghini ,etc ) proves that financial illiteracy and general ignorance of the business world transcends demographics and educational levels in this country . The only advantage UMCers have is that they have incomes that might allow them to recover from the consequences of their ignorance. Who knows? The hype train might have kept running had he not decided that in addition to his bland electric vehicles , he's also entitled to be king maker . Let's face it , that's the sole reason for the Twitter acquisition .

I discount all the political stuff - even the Musk is distracted by Twitter stuff. Tesla was tulip stock. The balloon has burst. The legacy auto industry is going chase him out of the car business.

Anonymous wrote: We don't live in a consequence-free world and I suspect that a petty little man like Musk and his cronies know this, and they resent it. The kind of people who bought tesla ( the cars , not the stock ) aren't the kind of people who have a steady appetite for the racism, conspiracy theories, and erratic behavior of a man inhabited by debilitating insecurities . As if that wasn't enough, he decides to go pay $44B for a social media company that barely generated $5B in revenues , tries to back out of a deal , gets his bluff called out with potential litigation that he was guaranteed to lose . Problem is, when you fork over $44B for a $5B company , it means you have to at least triple the revenues of said company to be able to make loan repayments.

What we're witnessing is yet another collapse of the ' if you're rich then you're smarter than thou' mantra that many of you foolishly , naively and stubbornly cling to, despite mounting and irrefutable evidence it isn't so black and white .

How anyone thought that this company—a monobrand— deserved to be more valuable than General motors ( Chevrolet, Cadillac, Buick) or the Volkswagen group ( Porsche, audi , vw, Bentley , Lamborghini ,etc ) proves that financial illiteracy and general ignorance of the business world transcends demographics and educational levels in this country . The only advantage UMCers have is that they have incomes that might allow them to recover from the consequences of their ignorance. Who knows? The hype train might have kept running had he not decided that in addition to his bland electric vehicles , he's also entitled to be king maker . Let's face it , that's the sole reason for the Twitter acquisition .

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A month or two ago it was reported he is looking for a new CEO for tesla. Ever since the stock has gone down (much more than other mega cap tech). A week ago in tweet he said Tesla and the space company don’t need much from him, they have good teams.

Can you imagine the day a new CEO is rumored or announced? 15% down day.

Since Elon appears to be mentally ill, a new CEO would be a good thing for the company.

He doesn't appear to be mentally ill. He's a phenomenally successful entrepreneur. What have you done?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Another 8% today. Ouch. Better get out while you still can.

This is when you get in, not out. My cost basis is much lower than it was now. I'm looking to buy more.
There's nothing wrong with the company. It's the economy and noise. If any company comes out of this, it's Tesla with all their cash and engineers.


Please stop giving terrible advice


Should people sell their Tesla stock?

Anonymous wrote:I wonder why Elon Musk keeps selling billions of stock. People used to say “look at the action, not words from people’s mouth” to know their real intention. Does this mean that Elon himself is not confident about the Tesla’s future stock price? If he truly believes in Tesla stock going up significantly, wouldn’t he be able to borrow more money using his stock instead of selling the stock? I am not an expert in Tesla and stock but I am just curious

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another 8% today. Ouch. Better get out while you still can.

This is when you get in, not out. My cost basis is much lower than it was now. I'm looking to buy more.
There's nothing wrong with the company. It's the economy and noise. If any company comes out of this, it's Tesla with all their cash and engineers.

Oh boy Is that what you said about Enron or Pets.com?

Tesla has value, it will not go to 0, but the stock is valued unlike any car company (which it is, not a tech company). Remember when WeWork was considered a tech company and not a real estate company (that didn’t work out so well). What’s the right price for Tesla? IDK but it shouldn’t be worth more then all other car companies combined, I think that is a safe opinion.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another 8% today. Ouch. Better get out while you still can.

This is when you get in, not out. My cost basis is much lower than it was now. I'm looking to buy more.
There's nothing wrong with the company. It's the economy and noise. If any company comes out of this, it's Tesla with all their cash and engineers.

Please stop giving terrible advice

Anonymous wrote:

Anonymous wrote:Another 8% today. Ouch. Better get out while you still can.

This is when you get in, not out. My cost basis is much lower than it was now. I'm looking to buy more.
There's nothing wrong with the company. It's the economy and noise. If any company comes out of this, it's Tesla with all their cash and engineers.

Anonymous wrote:

Anonymous wrote:Another 8% today. Ouch. Better get out while you still can.

This is when you get in, not out. My cost basis is much lower than it was now. I'm looking to buy more.
There's nothing wrong with the company. It's the economy and noise. If any company comes out of this, it's Tesla with all their cash and engineers.