BigHornRam
Well-known member
Buy! Buy! Buy!
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
noharleyyet
Well-known member
Just about every 'bargain/can't miss' stocks my FA's pulled from cash over a year ago have been knives.
grizzly_
Well-known member
- Joined
- Feb 18, 2013
- Messages
- 1,242
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.
SAJ-99
Well-known member
You have to remember that TSLA doesn't have the pension costs of the others.
Southern Elk
Well-known member
Imagine if you had bought in at $400.
grizzly_
Well-known member
- Joined
- Feb 18, 2013
- Messages
- 1,242
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.
Last edited:
BigHornRam
Well-known member
Tesla hype is evaporating right in front of our eyes. Surprised it took so long. Next stop $40.
BigHornRam
Well-known member
Your Fired!
SAJ-99
Well-known member
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.
Irrelevant
Well-known member
Just think, with the current plummet it's experiencing, it's still higher than it was when I made this comment.
BigHornRam
Well-known member
Tesla (TSLA) increases discount on cars delivered this month
Tesla (TSLA) is increasing the discount to $7,500 on all Model 3 and Model Y vehicles delivered this month.
electrek.co
Irrelevant
Well-known member
No shit. Rode that one up a small hill and down a much bigger one before I pulled the eject level.How about the AARK dumpster fire. Sooner or later she's got to hit right?
brocksw
Well-known member
Interesting graphic I saw today.
Devilscrown
Well-known member
Vision Energy VENG continues its 3 month run, not sure 
what is driving this run but happy to see it.
what is driving this run but happy to see it.
BigHornRam
Well-known member
I looked at the company website and can't figure out what the company actually does. Do you know what they do?Vision Energy VENG continues its 3 month run, not sure
BigHornRam
Well-known member
Tesla dropped like a rock again today. Your trigger finger getting itchy SAJ-99? Rivian also on a steady downhill run. -85% YTD.
Devilscrown
Well-known member
They build hydrogen energy plants in Europe.
Devilscrown
Well-known member
Tesla stock feels like an electric titanic this month…
