EPTTrading/Investing Thread - Page 93
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{CC}StealthBlue
United States41117 Posts
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Manit0u
Poland17425 Posts
Could someone explain the Tesla phenomenon to me? How can a company whose market share is 2% have market cap greater than all the other automobile companies in the US combined? Also, recalling 500k vehicles due to factory issues (which is like their whole year worth of sales of vehicles) for repairs and share price didn't even budge? My brain is too small for that... | ||
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{CC}StealthBlue
United States41117 Posts
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LegalLord
United States13779 Posts
On January 06 2022 06:07 Manit0u wrote: Could someone explain the Tesla phenomenon to me? How can a company whose market share is 2% have market cap greater than all the other automobile companies in the US combined? Also, recalling 500k vehicles due to factory issues (which is like their whole year worth of sales of vehicles) for repairs and share price didn't even budge? My brain is too small for that... See this post. And this one isn't bad either. | ||
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Manit0u
Poland17425 Posts
I get that Tesla isn't just a car company but like all of Musk's projects are pretty much fail and smoke & mirrors. So much promised, nothing really delivered. Then there's the case of Tesla buying a failing company (solar roofs) to save SpaceX (which propped up the failing company with grant money so Tesla had to buy it or all the grants would be worthless) which is super sus as Musk is on board with all 3 companies. Like, literally nothing they promised in the past 5 years came to be: - semi/truck + convoy technology - solar roofing - hyperloop - robotaxi - better batteries - unbreakable car window glass Every single presentation for their products was just blowing smoke up the investor's asses. They have delivered nothing of it even though some of those projects were scheduled to hit the market 2-3 years ago. Are people blind when valuing those companies? I bet it'll end just like Theranos, I'm just baffled it hasn't happend already. | ||
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LegalLord
United States13779 Posts
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{CC}StealthBlue
United States41117 Posts
And SpaceX, again what smoke and mirrors. Smoke and mirrors belongs to the likes of say GM, which claims to be the leader of EV's and it's technology. They sold an impressive 26 cars, not counting the Chevy Bolt which have all been recalled because they are literal car bombs and the drivers have been told to park away from other vehicles. As for their newly announced models, all were prerendered when shown, including the woman driving one... | ||
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BlackJack
United States10574 Posts
On January 06 2022 07:11 Manit0u wrote: I get that Tesla isn't just a car company but like all of Musk's projects are pretty much fail and smoke & mirrors. So much promised, nothing really delivered. Then there's the case of Tesla buying a failing company (solar roofs) to save SpaceX (which propped up the failing company with grant money so Tesla had to buy it or all the grants would be worthless) which is super sus as Musk is on board with all 3 companies. Like, literally nothing they promised in the past 5 years came to be: - semi/truck + convoy technology - solar roofing - hyperloop - robotaxi - better batteries - unbreakable car window glass Every single presentation for their products was just blowing smoke up the investor's asses. They have delivered nothing of it even though some of those projects were scheduled to hit the market 2-3 years ago. Are people blind when valuing those companies? I bet it'll end just like Theranos, I'm just baffled it hasn't happend already. Tesla's valuation is ridiculous but this idea that the company is a bunch of smoke and mirrors ala Theranos is far more ridiculous. They've literally sold more electric cars than anyone at a time when it's becoming obvious that the future is EVs. Their new Model S is the fastest accelerating production car in history. They are among the leaders in full self-driving technology which also seems like it's going to be the future. But I guess none of that matters because one of their windows cracked when they threw a steel ball at it? | ||
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Manit0u
Poland17425 Posts
On January 06 2022 07:52 {CC}StealthBlue wrote: Musk has nothing to do with Hyperloop. SolarCity was bought by Tesla because it was going Bankrupt I believe it was owned by his Cousin, or Brother. The Tesla Semi is in it's testing phase, with Pepsi more than likely to get the first couple of trucks. Batteries are being improved all the time. As for Tesla and smoke and mirrors.... Over 900k this year. So... And SpaceX, again what smoke and mirrors. Smoke and mirrors belongs to the likes of say GM, which claims to be the leader of EV's and it's technology. They sold an impressive 26 cars, not counting the Chevy Bolt which have all been recalled because they are literal car bombs and the drivers have been told to park away from other vehicles. As for their newly announced models, all were prerendered when shown, including the woman driving one... "According to a filing with the chancery court, Musk owned 22.1% of Tesla common stock at the time of the deal, and 21.9% of SolarCity." "SolarCity was founded and run by Musk's cousins, Lyndon and Peter Rive, but backed by Musk who served as chairman of the board. Meanwhile, he also was CEO of Tesla, as well as the company's chairman. That wasn't his only potential conflict. SpaceX, Musk's aerospace venture, had invested $255 million in SolarCity bonds from March 2015 to March 2016. Four members of Tesla's board directly or indirectly owned SolarCity stock at the time the acquisition was under consideration. And some Tesla board members also held shares in SpaceX and were on its board." If that's not conflict of interest then I don't know what is... After all, he's being held in court for that, even shareholders think buying an insolvent company for $2.6b was not financially viable. "Now, newly unsealed documents in an investor lawsuit say the situation was far worse than that. They allege that SolarCity wasn't just carrying a heavy debt load: it was completely insolvent." https://arstechnica.com/tech-policy/2019/09/solarcity-was-insolvent-when-tesla-paid-2-6-billion-to-buy-it-lawsuit-says/ Tesla Semi was supposed to be on the market by 2019. It's still an idiotic concept since large scale hauling doesn't really care about acceleration and that's all that it offers (it has worse range and economics than your standard truck, not to mention huge weight added because batteries are very heavy). As for the SpaceX: "The Raptor production crisis is much worse than it seemed a few weeks ago," Musk wrote. "We face genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year," Musk added later. So far their fastest turnaround was 27 days for a rocket, I don't know how they want to go down to stable 14 days this year. | ||
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Sermokala
United States14047 Posts
I think you're much more likely to see a Chinese company become the commuter car EV for the international market. Teslas right now are Italian sports cars in thee best framing. | ||
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LegalLord
United States13779 Posts
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riotjune
United States3394 Posts
Also when one battery cell fails you have to replace the whole thing. Be ready to get price gouged when that happens. | ||
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LegalLord
United States13779 Posts
On January 07 2022 01:52 riotjune wrote: How do EVs do in the winter? Won't leaving the vehicle running in cold weather drain the battery real quick? That would make a case against EVs, though I guess with impending global warming it won't be a problem anymore (soon). Also when one battery cell fails you have to replace the whole thing. Be ready to get price gouged when that happens. Depends heavily on the specific model but in general significantly reduced. For optimal EV usage you should ideally live in an area with year-round excellent weather like Los Angeles. The problems with batteries are many and significant; the tendency for manufacturers to take a no-repair approach is only one among many. Batteries are in general an inferior store of energy to any form of popular form of chemical fuel. But the major driver of EV popularity is not superior technology, or even their relative actual greenness, but specifically market manipulation by regulators that heavily subsidize the creation of EVs relative to any alternatives. | ||
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Manit0u
Poland17425 Posts
After 5 years of using hybrid drives I can confidently say that if I were absolutely forced to change I'd go petrol over EV any day, but since I'm not being forced I'll go with hybrid over anything else any day of the week. BTW: has anyone tested EV in heavy snow for example? Large amounts of torque is not what you want there. Just curious. | ||
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Emnjay808
United States10660 Posts
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Manit0u
Poland17425 Posts
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FreakyDroid
Macedonia2616 Posts
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LegalLord
United States13779 Posts
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Manit0u
Poland17425 Posts
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3FFA
United States3931 Posts
https://www.pwlcapital.com/resources/buy-the-dip/ IMO one should adhere to the academia and follow evidence-based investing, not news headlines. | ||
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