TSLA showing cracks?
With TSLA going in the past few days from 130 to 110 and now back up to 120, it seems the market is a bit on edge about this stock. They report earnings on the 23rd, and with the incredible run up it's had in the past 3 months (40-->120) I get the feeling that if they don't blow people away this stock has the potential to crack pretty violently.
With articles coming every day for and against TSLA, I generally believe it to be vastly overblown stock. They are never going to be able to sell enough cars at $80k to be extremely profitable, and 5 years is a long time to wait with no profits for the time they supposedly have a $40k model that will ready for mainstream.
Thoughts?
even if cybertruck was a hit, whats the point?
you cant sell very many of those a year, has no mass market appeal, not like the road is going to be filled with them
just a vanity project?
it served his purpose in the end . the stock more than doubled in those months and he got to do secondaries and sell stock out of his holdings.
6/13/23 TSLA $258.71 ---> $161.48 (-37.6%)
6/13/23 BTC $25,918.73 ---> $63,387.25 (+144.56%)
Halving comes in a few days
Stock currently at 161. What would even be a catalyst to pump this? I don't see it.
News hit just now on seeking shareholder vote to move incorporation to Texas and on Musk comp package. They sure are trying to pump this thing lately. It's up in premarket off the news. My puts were just starting to print yesterday. Still gonna hold I think. They picked the perfect spot for news to trap shorts on the tech breakdown yesterday.
Puts for earnings next week imo
There is a decent chance it is a total dumpster fire
need bulls itt to reassure
if the model 2 is scrapped then this is just a bet that they win FSD in 2037?
laid off 10% of workforce
seems like the novelty is off these things a little, if just 1 or 2 US manufacturers could come out with anything remotely close in quality then a real dent in sales growth would occur
i see wayyyy more rivians around than 1-2 yrs ago
Wait a minute! I am confused.
I heard TSLA was a big time growth stock. Why are growth stocks laying off their workforce? Why are growth stocks lowering the price of their product?
If TSLA is going to be an auto manufacturer, it would be valued like one. IF SO, TSLA probably has another 80% or 90% downside from here.
ripping 11% after hours on news the earnings report wasnt a total disaster and renewed calls for a Model 2 type of mass market vehicle
revenue down 9%
[quote=The Verge]“In terms of a new product roadmap, there’s been a lot of talk,” Musk said during the company’s first quarter earnings call, addressing the concerns investors have expressed over the past month about the delayed plans for a low-cost EV. “We’ve updated our future vehicle lineup to accelerate the launch of new models.” Musk said we might see the vehicles in early 2025, if not later this year.
“In terms of a new product roadmap, there’s been a lot of talk”
The vehicles will blend “aspects” of a next-generation platform with the current platform that undergirds the company’s top-selling Model 3 and Model Y. “This is not contingent on a new factory or massive new production lines, it’ll be made on our current production lines much more efficiently,” Musk said, predicting it could accelerate the company’s production to over 3 million vehicles a year.[/quote]
any time elon suggests product coming "in the next year" you know it's fantasy
dude literally just makes **** up that analysts want to hear that will never happen and stock pumps 15%.
continue shorting to 50.
it's really amazing how some days he just makes a bunch of stuff up and the stock pumps 10%+.
some people never learn.
my theory is that people buy because they think others will believe it. meanwhile no one believes it and everyone's buying
its the sort of dynamic which holds until it doesn't
any time elon suggests product coming "in the next year" you know it's fantasy
dude literally just makes **** up that analysts want to hear that will never happen and stock pumps 15%.
continue shorting to 50.
Oversold squeeze.
Robotaxis level autonomy is years off, and TSLA is not leading. They could license it from someone else eventually but that's not what Elon is promoting.
Smaller model is viable but it's not gonna help them with their tech company valuation.
The problem with EVs is it's too awkward if you want to take a trip with your family, or you work as a delivery driver or a taxi driver and then you have to find a charging point, which when you arrive might already be occupied.
Plug in Hybrids are the future.
Tesla is likely going bankrupt.
Long Toyota, Ford and GM short Tesla.
Would be pretty wild if Tesla went bankrupt at this point but they will probably lose a healthy chunk of their multiple
Bad enough we have idiots on cell phones...
A 56-year-old Snohomish man had set his Tesla Model S on Autopilot and was looking at his cellphone on Friday when he struck and killed a motorcyclist in front of him in Monroe, court records show.
A Washington State Patrol trooper arrested the Tesla driver at the crash site on Highway 522 at Fales Road shortly before 4 p.m. on suspicion of vehicular homicide, according to a probable cause affidavit.
The motorcyclist, Jeffrey Nissen, 28, of Stanwood, died at the scene, records show.
The Tesla driver told a state trooper he was driving home from having lunch in Bothell and was looking at his phone when he heard a bang and felt his car lurch forward, accelerate and hit the motorcyclist, according to the affidavit.
The man told the trooper his Tesla got stuck on top of the motorcyclist and couldn’t be moved in time to save him, the affidavit states.
The trooper cited the driver’s “inattention to driving, while on autopilot mode, and the distraction of the cell phone while moving forward,” and trusting “the machine to drive for him” as probable cause for a charge of vehicular homicide, according to the affidavit.
In 2022 I was struck by a motorcycle while in a crosswalk. The person on the motorcycle couldn't see me because the sun was in his eyes.
In 2024, Do not go through a greenlight unless you wait an second and do not go through a crosswalk unless all vehicles have come to a complete stop.
Tesla jumps over 15% after passing key h...
Tesla does not yet make or sell cars capable of full autonomous driving. It sells “Level 2” driver-assistance systems, marketed under the brand name FSD.
TSLA currently stonking to the tune of 15%
Elon tryna get that Chinese RTA with his FSD bugs.
If TSLA gets assistance from Chinese companies, will that ban their ability to sell in the U.S.?
Musk knows TSLA is failing to become a tech company and it's a mediocre car company.
The latest pump is his attempt to get 56 billion.
https://www.bloomberg.com/news/articles/...
Self driving development is stuck globally, including in China, where many new cities have the best conditions for it. The Chinese will have a look at what Tesla has, there will be some unfortunate deadly accidents and no self driving progress.
Tesla Interns Say Offers Are Getting Rev...
Also fired their entire supercharger network team
I guess since they don't gain from building that out as an emphasis since their competitors use the same chargers? Why did they open it up to comp in the first place?
Also guess, given China news, they're just going all in on robotaxis
