Is a long-term holder
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mdb1: It has been like watching grass grow, But I think the wait is going to pay off.
Moon, I did, and I agree. WE AIN'T SEEN NOTHING YET! I am truly amazed that the big players are STILL betting against Elon.
Chuck I would recommend thinking about switching to a different broker. With Schwab I have transferred securities between accounts routinely...
JJ: As you know Tesla closed today at just below your magic number of 217.65 So what do you expect for the rest of this week, based on your magic crystal ball, powered by technicals?
In order to have the same PEG asa GM, Tesla would need a growth rate, year-over-year EPS, of...GET READY FOR THIS...100+ PERCENT! Go Figure!
Call me a conspiracy theorist!
Up 4.45% as I am writing this. In spite of a stellar performance, we are just a nose ahead of GM, which is at 4.1%! Ford, that may be expected to go up, is up, but just under 3%. GO FIGURE!
Watch out tomorrow!
chk: Electric car economics used to depend on gas prices, NOW EVs are cheaper up front, therefore any savings due to fuel cost differences, and lowered maintenance are just gravy...
I have noticed that most days TSLA premarket price is down a duck or two, the stock generally ends uo! I put it down to price manipulation at low volume.
uk: Perhaps you are correct about why Pepsi was supplied before anybody else. However, mass production of the semi is not scheduled until later his year.
Ain't seen nothin' yet! Just wait until the entire country adopts the Tesla PLUG.
Food: I disagree with your statement. I believe ChatGPT has access to the latest news. Whether that recent news is used in the formulation of the answer or not, I think we can ONLY speculate.
ernie: That is very convincing, indeed (NOT)
Continuing my 'conversation' with CA:
Hello! How can I help you today?
Are you aware of the Tesla BOT?
Yes, I am aware of the Tesla Bot. It is a humanoid robot developed by Tesla that is designed to perform tasks that are dangerous, repetitive, or boring for humans. It is expected to be equipped with advanced artificial intelligence and sensing capabilities. The goal of the Tesla Bot is to help humans achieve a higher quality of life by taking care of tasks that are physically or mentally challenging.
The reason I asked the question is because your previous answer omitted any mention of the BOT.
I apologize for the confusion. Yes, the Tesla Bot is a new project that has been announced recently by Tesla. The robot is expected to be five-foot-eight-inches tall and weigh 125 pounds. It will be designed to perform a variety of tasks, including handling materials, connecting cables, and performing tasks in dangerous or hazardous environments. The robot will be powered by a neural net, and Tesla has stated that the robot could be used in a variety of industries, including manufacturing, healthcare, and even in households as a personal assistant.
Do you agree that the BOT could sell a lot more units than the vehicles?
It's difficult to predict at this point whether the Tesla Bot will sell more units than Tesla's vehicles. While the Tesla Bot has the potential to be an innovative and versatile tool for businesses and individuals, it's also important to note that the automotive industry is a massive market with a huge demand for vehicles. Furthermore, the Tesla Bot is still in the development phase and it remains to be seen how practical and cost-effective it will be for widespread adoption. Ultimately, only time will tell which product will be more successful in terms of sales and impact.
I agree with your cautious outlook. However, at $10,000 or less per unit, I think the BOT has the potential to become Tesla's largest revenue source.
It's certainly possible that the Tesla Bot could become a significant revenue source for Tesla if it is well-received by customers and businesses. However, it's important to note that the success of a new product like the Tesla Bot depends on many factors, including market demand, pricing, and competition. While the concept of a humanoid robot has great potential, it remains to be seen whether the Tesla Bot will be able to meet its potential.
Even CHATAI (nicknamed CA by me) knows that Tesla is more than a car manufacturer:
OK CA, tell me is TSLA a buy today?
As an AI assistant, I am not programmed to provide investment advice or make financial predictions. It's important to consult a licensed financial advisor or conduct your own research before making any investment decisions. I am happy to help you find information on Tesla or assist you in any other way.
Do you have any thoughts on Tesla's market cap?
As an AI assistant, I do not have personal thoughts or opinions. However, I can provide you with information on Tesla's market cap. As of August 23, 2021, Tesla's market cap is approximately $700 billion USD, making it one of the most valuable car manufacturers in the world. The company's market cap has grown rapidly in recent years, driven by investor optimism about its innovative electric vehicle technology and plans for expansion.
Is Tesla just a car manufacturer?
No, Tesla is not just a car manufacturer. While they are known for their electric vehicles, they also produce energy generation and storage products, such as solar panels and battery storage systems. In addition, Tesla is involved in developing autonomous driving technology and has a division for developing and producing advanced AI applications.
What does the article say?
WITH MANY HICCUPS ON THE WAY
If you rearrange the list by profitability, which is defined as Net Income/Gross Revenues, Tesla (14.95) is in second place to Mercedes.(16.41). BIG SURPRISE to me that MB is positioned to compete with Tesla's price cute). MB and Tesla are the ONLY two in double digits. The closest one among the rest is Stellantis, with a profitability ratio of 9.35. See
https://docs.google.com/spreadsheets/d/1oeu_heBYqnWocXRWQ6hRqM-hQJS87U8z4U5_4SZBFzw/edit#gid=0
Mind you, MB has not lowered their prices to compete with Tesla. For instance the MSRP of the EQS 450+ is $105,550, while the higher-ranked Model S goes for $88,490! See https://www.caranddriver.com/mercedes-benz/eqs
Ernie, I think Biden's approach is heavy-handed, as usual. He thinks ONLY in terms of government expansion. However, the oil companies, just like BIG AUTO, can clearly see market trends. AND ALL market trends point towards increased EV sales and diminishing fossil fuel sales. The price pot gasoline does not seem to matter much, anymore.
With TSLA I have never thought of bull runs and bear runs, because they are both symptoms of the short term.
ernie: There are many good-great IC cars. However, in 5-10 years from now, they may be an endangered specie...
ernie: That is why he does not run an EV company.
Are we missing the forest for the trees?
See
https://www.fool.com/investing/2023/05/20/tsla-lithium-ion-battery-energy-storage/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
If it does, I'll be kicking myself for selling some of my 170 calls at the close today.
I am sorry - the link is still incorrect. Here is the right one for sure:
Sorry, the link was wrong. Here is the right one:
https://www.cnbc.com/2022/10/07/kevin-oleary-says-hes-betting-on-elon-musk-amid-twitter-drama.html
Hi JJ: I am so glad to hear that!
Of course, I think, it is fair to add that I really could not care less for Monday morning quarterbacking. MY interest is ALWAYS forecasting market action BEFORE it happens. AND I need THAT just for a small chunk of my portfolio, the portion that is used for buying and selling calls and puts. The bulk of my investments are bu-and-hold; AND I am convinced that there is no better place for long-term growth than TSLA.
I am in the same camp as Kevin O'Leary. See
https://www.cnbc.com/video/2022/12/08/venture-capitalist-kevin-oaleary-on-ftx-investment-i-did-not-do-enough-due-diligence.html
I Hope NOT!!
ONLY!
In case anybody gets fooled, the linked article was written well before Toyota's enlightenment, on Jan 23, 2023.
How do you figure $15 per share? Most analysts have it at under $4.
boom yesterday, bust today?
Sharks: I believe the shorts are trying their damnedest to drop the stock price so low as to force margin calls and/or other difficulties for Elon. Fortunately he is not a 'weak hand' and will not be shaken that easily. I hope the long-term stockholders on this board will likewise stay the course. If they do, my opinion is that the rewards will be truly amazing!
GM reported a substantial earnings beat and a significantly smaller revenue beat. As you know Tesla just missed on earnings but beat on revenues.
WALL STREET IS INSANELY FOCUSED ON THE LAST QUARTER AND TOTALLY UNAWARE OF HOW THE BOOKS CAN BE COOKED TO GIVE GOOD SHORT-TERM PERFORMANCE.
Even GM had to admit that there is a problem building up. They showed a NEGATIVE free cash flow. 'Free cash flow for the quarter came in lower than Q4 2022 to the tune of $138 million! TSLSA on the other hand showed a substantial [POSITIVE free cash flow for Q1.
I am NOT an accountant, but I can see the importance of free cash flow. 'Free cash flow is important because it’s a reliable measurement of how efficient your company is at producing cash from your regular business activities' This quote is taken from
https://c2fo.com/resources/cash-flow-management/what-is-free-cash-flow-and-why-is-it-important/#
I do not for a moment think that GM is inefficient; however, it is rather obvious that they avoided cutting prices in Q1 IN ORDER TO NOT IMPACT Q1 EARNINGS. In later quarters and later years (just 2 in my opinion!) GM's attempts to pull wool over the eyes of investors will become rather obvious.
So the upside potential shall now be just 1400%!
You may well be correct (but I doubt it very much). Why do you think that the decline will stop at a P/E more than 4 times as high as GM? It may just keep going down.
The point is this: 2000/200=10, 2000/100=20. So you are willing to throw away a chance at a 10-bagger while waiting for a 20-bagger? Actually, in my opinion, TSLA will be worth much more than 2,000 in 5-10 years.
What will you do if the sp starts to move up from the current lofty level?
rovlram: I have found you to be one of the most informed posters when it comes to our little flea. A stock market by its nature can go up or down on a whim. However, over the long haul, quality does show. TSLA at a P/E comparable to GM (<6) and F (negative) would be ridiculous. To me the only metric that matters is the PEG ratio. For Tesla that ratio currently is at 48/35 using an earnings growth rate of well under Elon's long term prediction of 50% per year. i.e it is 1.4.
By contrast Apple's growth rate is mired in single digits. Yet it commands a P/E of about 28. GO FIGURE!
Here is today's hit piece on our favorite stock: https://www.thestreet.com/technology/google-co-founder-sergey-brin-deals-a-blow-to-musk-and-tesla?puc=yahoo&cm_ven=YAHOO. The 'blow to Musk and Tesla' came in 2021. The blow was that Sergey Brin, a co-founder of Google, was upset with Elon over an alleged affair between Elon and Sergey's wife; so he sold a 'large block' of Tesla shares. Since this was in 2021, one immediately thinks billions of dollars worth of shares. However, the article does say that the sale amounted to $366 million! BFD!
rovlram: here is a motley fool story (I am not a huge fan of the Fool) about Tesla.
https://www.fool.com/investing/2023/04/24/3-reasons-to-buy-tesla-stock-before-it-skyrockets/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
Key quote:
Stock market investors must usually make a trade-off between company quality and valuation. For Tesla, this has historically been a difficult choice because its previously outrageous stock price has often overshadowed its excellent fundamentals. In late 2020, the company's price-to-earnings ratio soared as high as 1,120, while its market capitalization exceeded the value of the five next largest automakers combined.
The good news is that Tesla's era of overvaluation seems to be over. While the stock's P/E of 48 is more than double the Nasdaq Composite's average, this looks reasonable, considering its rapid growth rate and strong economic moat against competition in its industry. Long-term investors still have the opportunity to bet on Tesla's continued success.
rovlram: I 100% agree that:
1. It is a huge mistake by the current admin to try and force out oil and gas.
2. It is wrong to print so much new money.
3. It may be time to pause the fed rate hikes.
However, I think it is wrong to give up on the ONLY profit-making auto company. You may get a better price for the stock in 6-12 months; or you may have to pay through the nose for it. However, if your time horizon is at least 5 years, shorty-term price fluctuations will seem puny.
Just keep in mind that the ONLY auto company that can make substantial price cuts and still turn a profit is TESLA. In fact, I think, the reason Tesla is cutting prices in so many little steps, is to avoid running afoul of anti-monopolistic laws. Just think: every time Tesla cuts prices by just a few percentage points, one or more competitors are pushed closer to bankruptcy.