Replies to post #51711 on Tesla Inc (TSLA)

[Nebuchadnezzar]

rallies are being sold in TSLA stock, it's as clear as day. putting in lower high even as markets roar back due to excess liquidity and infrastructure deal. if TSLA cannot make a new high before 2022, this stock is in for a bumpy ride once the Fed begins to taper

[JJ8]

Ralph11,

Actually, the legacy auto makers are doing what they have been doing for many decades. Change is hard and slow to come. The auto business involves many phases, processes from planning to manufacture and selling. A too complex and difficult business.

They have been doing what had developed over decades from planning to manufacture, an important finished product to the consumers.

Drastic change is not easy to come in complex businesses like the auto industry as products are costly and varied to meet a range of consumers needs, tastes, etc., profitably.

Elon Musk being a newbie, a pioneer visionary, entered the arena declaring the ambition of taking the whole range of challenges to the grandiose change.

I did not believe he could do.

The transformation of the Transportation industry from ICE to EV! A mega complex challenge on many fronts. But he showed the world that he was capable, and the Tesla cars on the roads evidence.

Tesla indeed can deliver better, faster and stylish EV cars than the legacy auto makers who have been in business for many decades. They thought nobody could dare to go against them. They now feel left behind and insecure. Their future is not too bright given the winds of change blowing strongly currently.

Tesla is the uncontested leader of the transformation from ICE to EV.

Cheers & GLTA