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Anybody Buying Yet? Where’s the Bottom?

BigHornRam said:
Tesla breaking into the $120's today. Any buyers here yet?
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Tesla was insanely overvalued. Their cars are poor quality (19/24 in latest Consumer Reports survey; just above Mercedes-Benz, Jeep, Volkswagen, GMC, and Chevrolet), their service for breakdowns or accidents is horrible and the average insurance is $3500/yr. They were trendsetters, no doubt, but real car companies can make or buy batteries, too, and everybody can reverse-engineer a Tesla battery. Even Rivian, another startup, makes better vehicles than Tesla.

Tesla being the most valuable company in the world while selling a fraction of the vehicles of VW, GM, Ford, and Toyota was stupid.

You're now seeing the legacy manufacturers coming out with their products with proprietary or acquired battery technology that far exceeds what Tesla is selling.

Go check out the Tesla v. Mach E reviews and you'll see the consensus is largely that Tesla has been beat at it's own game... and it's just going to get worse as more legacy makers bring out their electric vehicles.
 
who thinks CELH is overpriced? who knows. sure looks like they bought Shaquille sized shoes hoping they'll one day fit at the current price.

maybe they will. i already bet against it once and lost. now i'm just watching.
 
SAJ-99 said:
You have to remember that TSLA doesn't have the pension costs of the others.
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Nor the revenue, sales, infrastructure, market penetration, financial arms, etc...

Ford's unfunded pension liability is $6B. Ford Credit alone contributes over $3B annually to Ford's bottom line.

Tesla has $21B cash on hand, Ford has over $40B cash on hand.

GM, Ford, and Toyota combined have a market cap of $312B. Tesla being three times that a year ago, and $380B today, is laughable.
 
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grizzly_ said:
Nor the revenue, sales, infrastructure, market penetration, financial arms, etc...

Ford's unfunded pension liability is $6B. Ford Credit alone contributes over $3B annually to Ford's bottom line.

Tesla has $21B cash on hand, Ford has over $40B cash on hand.

GM, Ford, and Toyota combined have a market cap of $312B. Tesla being three times that a year ago, and $380B today, is laughable.
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Tesla hype is evaporating right in front of our eyes. Surprised it took so long. Next stop $40.
 
grizzly_ said:
Nor the revenue, sales, infrastructure, market penetration, financial arms, etc...

Ford's unfunded pension liability is $6B. Ford Credit alone contributes over $3B annually to Ford's bottom line.

Tesla has $21B cash on hand, Ford has over $40B cash on hand.

GM, Ford, and Toyota combined have a market cap of $312B. Tesla being three times that a year ago, and $380B today, is laughable.
Click to expand...
Yeah, I get that. It WAS insanely overvalued. Today it has a forward PE of 23xish. Without the problems of the legacy auto makers. Should Ford trade at 6x? Probably not. But its growth is much less than Tesla. At some point (well above $40) it will find buyers.
 
neffa3 said:
I can't believe the growth Tesla has had the last few days. I didn't get on that train thinking it wasn't going anywhere good. Boy was I wrong.
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Just think, with the current plummet it's experiencing, it's still higher than it was when I made this comment.
 
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