Tesla: Soaring share price creates army of 'Teslanaires'
bbc.co.uk
bbc.co.uk
The guy in the article should definitely sell half his shares and put them into an ACWI index fund or something. Super scary seeing these people apparently not hedging.
Ford has the Mach-E which is getting really favorable press from the “car guy” world (i.e people who are a little more skeptical of Tesla) which supposedly is getting self driving and is $7k less with tax credit than the Model Y.
Honestly, given Tesla’s quality issues and how they address them, I wouldn’t mind seeing what the more risk-averse, mature automakers come up with. The way Tesla has handled design flows in the Model S front suspension is downright disgraceful.
https://www.reuters.com/article/us-tesla-safety-investigatio...
Like I said, its not just the car. You may be right about SuperCruise, I have a small amount of experience with it, but I'm skeptical.
As for cars having design faults and the manufacturer being disgraceful... That's a pretty long list? We could start with the Pinto exploding? Or the Bronco roof collapsing?
(Tesla has a significant lead, but ultimately still has a small number of locations)
Big serious investors must still own TSLA stock.. right? Why aren't they selling?
Rationality based on outdated models doesn't work when the environment is changing.
Tesla actually has some sort of future final value, at some point it's going to be clear how many cars they're going to sell, how many engines and batteries and solar panels and AI modules and whatnot. At that point they're gonna pay dividends, and that's gonna decide a reasonable price point. And its current share price just doesn't make sense. What are people going to do when they receive 7 cents dividend per year on their 700 dollar stocks?
Or is TSLA going to pull an Apple and constantly come up with different types of devices to sell? Forever?
That is only true, and arguably so, for solar panels. Cars are absolutely brand-dominated, and famously so. If they were really commoditized we'd be seeing consolidation of providers, where (c.f. the very company we're talking about!) we're seeing the opposite.
And batteries are legitimately high tech devices. No one can "just open a battery factory" without stealing someone else's chemistry process first, and probably a ton of industry knowledge about suppliers and chain management. An enormous amount of money is still being dumped into battery R&D. They are basically the polar opposite of a commoditized product.
As for cars, there are way fewer manufacturers than you'd think. Check out the Volkswagen Group, for example. Usually many brands share the same technical platform, and the parts are made by suppliers like Bosch, which serve all manufacturers that will pay.
The stock is gonna crash so hard in a couple of years, I am sure someone will make a movie out of it. I might actually buy a good bunch of options against Tesla, if they reach far enough into the future.
The fact that they have a huge fleet of cars with cameras and sensors on the road feeding their ML models is a huge advantage.
Battery factories.
Supercharger network.
Elon's Following.
Edit: added following
Try to buy a Lexus, BMW, MB, etc and you get a huge laundry list of incompatible features that bundle in the options you want into expensive bundles. So much so that to get even the basic safety things like rear view cameras and decent headlights laws had to be passed and companies embarrassed with poor safety ratings because their headlights were unsafe at highway speeds and much worse than a Toyota Prius unless you bought the many $k package with the fancy headlights.
Want a reliable car that's likely to last a few 100k miles, 353 mile range, is one of the safest cars on the planet to drive, has a great charging networks, great headlights, generous interior room, and low cost per mile? Get a model 3 AWD for $48k, it's a hell of a deal, and that's assuming your state, city, and country have no incentives. Sure it's one of the "slow" Tesla's at 0-60 in 4.2 seconds, but still one of the quicker accelerating cars around.
I'd be hard pressed to name a #2. There's a nice Porsche, but it's like twice as much. The ford Mach e is somewhat similar, less range, less accel (at the same price), not as safe, and nowhere close on the charging network.
Chevy bolt is embarrassing in comparison, doesn't handle, doesn't accelerate, not as safe, nowhere close on range, not AWD, etc.
Tesla has atleast a 3 year advantage, a very strong hold on battery production, extreme brand loyalty, and an iteration cycle that puts all other car companies to shame. They’ve caught an entire industry with their pants down.
Yours is the same logic that has been deployed against tech industry P/E ratios for decades. No, it doesn't make "sense" per the balance sheet. But it's clear what the bet is.
But with Tesla, the bet is that in 30 years that company is going to own most of the market all these existing firms do. That may be wrong, but like I said it's clear that this is the bet.
Tesla is being valued based on its potential future, not present.
This is what I don't get. Tesla's potential (but unlikely) future is that of replacing some of its competitors. And yet it's valued more than all its current competitors combined. Something just doesn't add up.
The goal of self driving for a company like Tesla should be to replace Uber, the logistics industry and legacy automakers.
I still feel that Tesla is overvalued, but there exists a potential future where it still has room to grow (I'm not sure I'd like that future - so this, coupled with the stock volatility, kept me from investing in Tesla. Which, TBH, was a poor decision so far :D )
Excusez le mot, but I really do see these developments as two sides of the same coin.
Tesla's controlling interest at least wants Tesla to succeed, the people that hijacked the Bitcoin GitHub repo specifically want it to fail as, "Digital Peer-to-Peer Cash".
Just look into nonsense like "Replace by Fee", Greg Maxwell and the company Blockstream itself. All social engineering to get Bitcoin to fail.
Without any real world use case and intentionally high fees Bitcoin, like Tesla, is pointlessly overvalued by people who could care less about the underlying technology and just hope to get rich off the hype train and sell to a greater fool.
Real users and developers moved to projects like Ethereum, Bitcoin Cash and Monero years ago. All that are left are fan boys and marketers.
Buy a put, lose money. Buy stock, lose money. Buy options, lose money.
Or gain. Nobody knows; it's the definition of a speculative stock this past year. But to the amazement of all, it just seems to go up and up in the long term.
Source: https://twitter.com/elonmusk/status/1256239815256797184
The current e-tron is not it, but VAG built the super impressive Taycan, they’ll figure it out.
You said it yourself, no other car maker has their range, performance, and price.
An Audi priced similarly to a Tesla has a better trim because EVs cost more.
Audi couldn't built anything with comparable price, performance, range, and Audi interior trim quality.
> VAG built the super impressive Taycan, they’ll figure it out.
What's super impressive about it? I'm not saying it isn't nice but only manages to beat a Model S on track performance. In all other aspects, it's inferior.
I agree that there isn’t any impact to real world driving, but then again any car above 200hp isn’t really making a difference to real world driving
In what regards? Teslas are mechanically sound, the paint and panel gaps seem to be the biggest complaint.
> The Ford mach e is the latest one.
Is the build quality different than what's in their current car and truck lines? Ford interiors have always been utter garbage IMO. There's nothing like plugging a USB cable into a USB port and then trying to unplug it and the whole interior trim panel comes off instead. And the squeaks and creaks...
We could compare to Fiat Chrysler who is "Highest in Initial Quality" by JD Powers. The chrome starts to rub of the interior finishes inside 18 months. The paint oxidizes on the exterior in roughly the same time.
Here is a direct comparison of the model Y and the Mach E https://www.youtube.com/watch?v=rUjDBYQkhwM
Everyone always points to incumbents making "better" cars than Tesla but rarely explain what that means. Sometimes they mock paint or panel gaps.
If they were comparing to a Honda or Toyota then sure, but it's always one of the big three in the comparison.
Extreme brand loyalty could explain why Tesla could be so big (in addition to other reason such as owning the vertical of selling insuring and energy being a possible outcome, which is not the case for traditional automakers)
>On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity.
It certainly gratified my intellectual curiosity.
Do they? How is Tesla's self-driving software going to lead to growth?
I like what Tesla has done for the electric car market. They’re at least smart enough to have issued a bunch of stock at these crazy prices to keep them afloat for a while.