is…out the door and not looking back…
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I'd take Tesla at 17 a share, lol. Crazy. Oportunity missed.
I can't see Scaringe failing with this. I don't know how gas stations will survive in 10 years or how badly the oil companies will be hit, but the gas will probably convert to EV stations - oil companies will be another matter.
Now, if they can figure out how to make air travel carbon neutral, someone will win big, but flying into that stratosphere is doing a ton of damage - equal to, or greater than, that of cars IMHO and still China, India and the U.S. are spewing out loads of damage from factories. I just don't think they can get that kind of power from an electric engine to lift a plane and who will want to be the first passenger? Lol.
It's a joke that no one is really talking about the damage to the atmosphere by airplanes, as opposed to cars.
GL.
Here's something useful about how bad it was at Tesla from a start-up timeline and where Rivian is now...
https://www.cnn.com/interactive/2019/03/business/tesla-history-timeline/index.html
Some "highlights":
1) 2008 - Elon Musk takes over as CEO and lays off 25% of the workforce.
2) 2008 - Tesla has just $9 million on hand and is in jeopardy of not being able to deliver Roadsters to customers who already paid as much as $109,000 for them. The company secures $40 million in funding from investors by issuing convertible debt to help it avoid bankruptcy and meet production goals.
3) 2009 - Former CEO Martin Eberhard accuses Elon Musk of rewriting history and sues him for libel because he says Musk unfairly blamed him in interviews for Tesla’s delays and financial problems. In the suit, Eberhard claims Tesla purposely damaged his Tesla Roadster before delivering it to him. Eberhard would drop the suit in September. (aka as "paying him off to keep him quiet, so the truth doesn't come out," which would have first confirmed Musk's erratic, vindictive behavior).
4) 2013 - A Tesla vehicle catches fire in Seattle after the car collided with debris on the road. The driver is not injured, but it’s the first in a series of fires that prompt the company to add extra protection to the vehicle’s chassis. YIKES!!! One thing to "hit" another car - once, another to having them - REPEATEDLY- go up in FLAMES!!!
People forget these things because Tesla's timeline started WAY BACK in 2003.
Thanks for the gentle nudge to look these things up again. It was enlightening. I forgot about some of these things.
Hang in there, it'll happen. It will just take time. Scaringe is smarter, more stable, and more than up for the challenge and Musk brought it on with Bezos.
No doubt that in the short term, it could get ugly, but it's going to be fun, as they vie for power.
Were you truly surprised? They did work hard to beat it down today, though.
Great long term hold. Brilliant execs.
https://www.motorbiscuit.com/tesla-elon-musk-vs-rivian-r-j-scaringe-people-turned-off-musks-antics-find-new-ev-hero/
It’s important to be educated with objective information.
Give it time…Musk and his brother are playing with fire. Only a matter of time before they either get burned, or their erratic ways hurt shareholders.
What CEO - EVER - has tweeted a poll about whether he should sell, but the day before, his fellow board member, brother, DUMPS??? That’s COMPLETELY ERRATIC behavior. Insanity.
Tesla shareholders should be nervous. Musk is. Scaringe is not.
It'll take a little while, but it will play out.
Your theory would work if he hadn't run a "poll" about selling and then his brother DUMPING the day before the poll.
He's taking advantage of Tesla being grossly overvalued and his fear of viable competition.
The wealthy would still only pay 25-30% Federal on those long-term cap gains, so if he believed appreciation of Tesla was likely, he'd hold, but he and his brother don't, so they're dumping out.
I don’t even know what the word "emotion" means. To win in the stock market, there is no such word.
Fact is Musk is, however, getting NERVOUS - Musk is getting EMOTIONAL about it and that's why he's DUMPING. He's scared. If he's mentioning them and questioning their "ability to manufacture," they're in his head and he knows Bezos wants to beat him for being a schmuck and Ford gives them the manufacturing guidance.
FACT - Musk AND his BROTHER (part of the Tesla board) are DUMPING BLOCKS of Tesla like they're nervous as hell. I don't blame them.
Good luck.
P.S. This is all Cramer and his lobotomized lemmings. They'll look back in a year or two and wonder why they listened to that raving lunatic cartoon character.
I wish I was that good. Timing a stock is guess work, unless you're a hedge fund playing games with low floats.
Check out the data about buy and hold, though. If you believe in management, bigger players do, too (Amazon, Ford), then you have a solid foundation to not overbet and hang long - just my useless two cents that's worked out pretty well, but no doubt you have to have a strong stomach, particularly with something like this.
All I had to hear was Musk say, and I'm paraphrasing, "Yeah, let's see if they can manufacture." Don't challenge a person who's more than up for the challenge and Scaringe is. He's a fascinating, brilliant guy - and he's only 38.
And Musk has so much faith in his Company that he and his brother are dumping HUGE amounts of Tesla? I mean, not just enough to pay the bills and have a cushion, but enough to wonder, "What the hell is Musk doing?!?!?!"
That's my point. They ARE following them and then they'll push ahead as Musk forgets to smoke his weed on the day Rivian's market cap pushes in front of Tesla's forcing Musk to have a total mental breakdown, be institutionalized, and devastate Tesla shareholders, while Bezos is asked, "Don't you want to tweet mocking Musk?" To which he responds, "No, I'll leave that to others who mess with karma."
Tesla is no Blackberry, but that's what all the other phone manufacturers did. They took the tech and improved on it. Scaringe is smarter than Musk - MIT is not a bad school, lol.
This is Cramer driving it down on retail for his institution pals. They loaded up with puts, will be dumping those to buy shares. Rinse, repeat. This is the fixed game they play and they win a lot more than they lose.
Retail outsmarting Amazon? I don't think so. It's a typical bumpy ride.
Would not be unexpected short-term, but long-term are phenomenal prospects. This is no Buffett stock (neither is Tesla), but great, stable execs, and the financial and M&D background of Ford satisfies Buffett's holding period of (mostly) "forever."
Totally agree.
They're not "10 years ahead," but even if they were, Tesla didn't have an Amazon to back them or a Ford to show them how to manufacture.
Scaringe is the real deal - MIT, lives the business, and is stable. 10 years ahead in creation does not mean 10 years ahead in tech, cost savings and mileage per charge. All signs point to those advantages for Rivian.
Musk is already dismissing them. That's when you know they're on the up. Oracle's CEO (not Ellison) did the same thing 2-3 years ago with a database company that is now making serious inroads into what was Oracle's customer base. That situation truly was a 10 years ahead because it takes 10 years to build a database and then you gain a monopoly if it's adopted by the masses. EV's don't take 10 years to learn from what's already out there and competition is growing. The smartest and most stable, with the best funding, will survive and thrive. The rest will go the way of the Yugo.
No doubt, this will be volatile as hell and have its hiccups, but the long term play will make this the equal of Tesla, bigger, or a close second, but I don't think you'll ever find Scaringe tweeting that "Tesla is second," unlike Musk mocking Bezos.
Yeah, I can’t believe people trust that guy. He’s only in it for himself. And for God’s sake, can he stop with the costume of the sleeves rolled up? Lol, he’s like a cartoon character.
He must be in bed with Musk. Cramer is a manipulator - nothing more. His credibility is shot.
RIVN is coming after Tesla. It’s only a matter of time - AMZN and Ford backing them, along with a stable, and smart as hell, CEO. Besides, the Ford CEO and CFO are great execs as well.
Sure, there will be volatility, but if you’re looking long, it’s a more than stable play. AMZN isn’t in this to lose. And AMZN rarely loses and this is a pretty big bet on their part. I’ll take Bezos and Jassy’s smarts over Cramer’s.
I can’t see that happening with Amazon in here - too much power and money.
Yeah, just wondering if Bezos is out of that decision making and it’s Jassy that’s driving this. If yes, that’s HUGE, since, if it’s Jassy, he clearly has plans directly related to Amazon operations and not just looking to be an investor looking to make money on the stock.
Think that buy was from authorization of Bezos or Jassy? I can’t imagine they just let Treasury do that without Jassy or Bezos knowing.
You ain't seen nothing yet.
Musk's arrogance is going to bite him in the ass. He served up the challenge to Scaringe with his statement about how difficult it will be for him to get production going. Well, yeah, but Scaringe is more than up for the challenge, he seems a lot more "rational" than Musk, and he's backed by Amazon and Ford - not bad allies for finance and production, particularly with Musk tweeting about Bezos being 2nd in wealth.
One thing to be rich and act with class, another to be rich and act like an ass.
Congrats!
Yeah, he seems like a decent guy. Time will tell!
And Scaringe truly values his employees in his tweets. Tesla has a serious challenger!
Check out Scaringe’s tweets. Great stuff!
And Scaringe is definitely likable, unlike Musk’s loose cannon personality.
Ford and Amazon. Now Musk is even tweeting about them. He needs to shut up, stop selling shares, and not announce a “sale poll” the day after his brother - on the BOARD! - sells a big stake.
Musk is tweeting and selling because he’s getting nervous. He knows Amazon and Ford are no slouches. They WILL catch up. Ford purged Doug Field (and you KNOW he will be involved in Rivian) and Farley and Lawler are a GREAT 1-2 punch, as CEO and CFO at Ford. And with funding from Amazon, this is going to be a SERIOUS threat to Tesla. Musk should start selling more, lol.
Yeah, ouchie, ouchie. The hire of the nurse for the Medicare push for product was good, but that other FDA approval they’re not expecting until second half of 2022.
The Q was disapppointing.
They should change the name to Edsel Motors or Yugo Motors and it has to be one of the ugliest vehicles around, but hey, maybe they have some Liquidmetal in them, lol. GL.
That's not the point. The point is TC likes money and likes to make it on selling appreciated shares. It'll be history repeating itself, like (broken) clockwork.
When the opportunity presents itself, time to grab it. The others pushed out weren't so inclined. They were satisfied doing nothing and getting paid 175+ or so to do nothing.
So they’re in this not to make money? Even Kang found a way to make money for himself and avoid jail time in a country club on a BS technicality. It’s the kind of shit all the connected aholes pull. Nothing surprising there.
If you’re an outside investor, greed is good - at the right price. An investor is here to make money and doesn’t give a rat’s ass about the dopes of the past, except if they are trying to make money for themselves, no matter how they do it.
Besides, why would anyone care about this Company if they sold all their shares? Or maybe they didn’t. Surprise, surprise.
He’s back in to make money off the stock. That’s all he cares about and if he becomes the ancillary benefactor of LL’s work, then that wouldn’t be surprising at all. Good luck.
I still think TC signed back on because of expected stock appreciation. It may be for something even bigger - no guts, but all the glory, which is possible, too.
Why they have no segregation of duties between the CFO and CEO isn’t particularly positive, but LQMT appears to be the signage for Eon, which is fine, as long as the sales go through LQMT.
I just don’t see TC signing on only for 220K or so. I guess if you’re doing nothing, that’s not bad, but I can’t see him being OK with even 220K, even if he’s doing nothing, lol. He wasn’t happy with it before and made sure to make some nice cash on his previous trades, although I think, as CEO, he’s going to want more and knows that a CEO sell is more detrimental to future stock sales of his than it would be as CFO, so a sale he makes now as number 1 is VERY different than a sale as number 2.
Beating a phrase to death, but time will tell…this Q will be “interesting,” either way. GL.
Honestly? Lol, I was thinking more $20 or so, but if they have a really good Q and are already looking to sell off, then you’re looking at 35-40 - that’s IF those stars align, but I definitely see a double, but like your number a lot better.
Yes, I saw that and they’re not messing around, as they’re using MCRA to help them get it approved. MCRA has huge FDA connections and it’s a big part of what they do, and succeed at. Check out just this one senior executive’s background (they all have backgrounds like this) and let’s speculate if MCRA won’t get them the approval -
Knew I should have tried to grab some there. Guess we have about 2 weeks to next Q report.
Tell those 8's to stick it where the sun don't shine!
Earnings or bust! And I may go bust on this, although I don't think so, but there sure is pain in between...U G L Y.
Almost like clockwork that it dips around this time, but agreed, it’s still a bummer. I just wonder how long before the supply chain issues are resolved - with pretty much every company right now.
Watch is facing serious production issues. Apple won’t confirm it (re: the watch), but Cook has talked about “significant supply chain issues.” Even the phone is backed up, but they typically start that production of the phone about 18-24 months ahead to meet much heavier demand than the watch.
I like your thought better, though! And hope you’re right.