This is a most excellent place for technology news and articles.
Thanks but no thanks, I'll stick to my EAP I got with my model 3 initially. That already tries to kill me enough as it is.
I bought stocks at 170 and sold a few days ago at like 150. Would not recommend.
If the report is bad, Tesla will probably be back at 110.
Puts are where it’s at anyway. Hard to predict good moves… easy to see dumb ones that will hurt shortly after they are made.
Not with tesla, shit has been irrational for a decade now. Who knows how long the techbro elonsuckers will keep the price inflated
I'm sorry for your loss.
It's alright, it's part of the game. If we knew how the stock would move, we would all be millionaires.
You got to know when to hold em and when to fold em when gambling, and all that.
"Self-driving-ish" 😂
cruise control with a higher fatality rate
I'm stealing this... way too funny
Too late. Suck less next time.
Even after the price cut, theirs is still 3x the price of Mercedes' system which works better. I have a feeling Tesla's earnings report won't go well this afternoon. https://finance.yahoo.com/news/tesla-earnings-q1-175358835.html
which works better
That's debateable. The system Mercedes uses is extremely limited. It only works in certain cities during a certain time of the day on certain roads that are below certain speed limit. FSD work anywhere in the US even on roads that have not been mapped.
Drivers can activate Mercedes’s technology, called Drive Pilot, when certain conditions are met, including in heavy traffic jams, during the daytime, on spec ific California and Nevada freeways, and when the car is traveling less than 40 mph. Drivers can focus on other activities until the vehicle alerts them to resume control. The technology does not work on roads that haven’t been pre-approved by Mercedes, including on freeways in other states.
Tesla was overvalued when it hit 50$ pre stock split. Its continued rise over a period of years to one of the most valuable public companies is just mind boggling. But I think even now there is a lot of hesitance in shorting the stock as entire fortunes have been lost trying to predict a share price correction.
But we're about to find out whether Tesla truly transcends auto companies: https://bradmunchen.substack.com/p/could-tesla-go-bankrupt-the-odds
When considering shorting stocks it's important to remember one of Keynes' better quotes, "the market can remain irrational longer than you can remain solvent."
And also that shorts have defined gains, but infinite losses
Very good read, thanks.
Tesla is nothing more than an elaborate stock pumping exercise built on a business of selling crappy cars to techbros. It’s valuation is propped up by lies, hype and virtual signaling. It also can’t survive without copious amounts of government subsidies and low interest loans, since the car business is so capital intensive. At some point, all of these problems will come to a head. It’s a matter of when, not if, that Tesla collapses in some form. Though it may be bought out before formally filing for bankruptcy.
Its* valuation is propped up
The Model 3 and Model Y combined for more than 500,000 units sold last year in the US alone. Do you really think it’s only tech bros buying them?
The new camry is expected to sell 300 000 units in the US alone
GM delivered five times that amount and yet Tesla is valued higher. It's painfully obvious that Tesla's stock is overpriced.
I don't think bankruptcy is going to happen. Despite economists' theoretical ideals, stock price has nothing to do with a company.
Tesla is selling cars at a profit whether the stock is $20 a share or $200. Long term the stock price should go to $20.
Maybe they should try slashing their scumbag CEO
No no, they need to pay him 59 billion even though even a judge called the proposed payment illegal.
No, the issue is they’re not paying him $69B
remember, " Illegal " means "Something only the truly powerful can get away with."
This is the best summary I could come up with:
Speaking on his social media platform X over the weekend, Tesla supremo Elon Musk said price adjustments are an essential part of doing business in the auto industry.
That was followed not long after by the company asking shareholders to reinstate Musk's $56 billion pay package that was recently voided by a Delaware court – again, bad timing given the state of Tesla lately.
Along with cutting prices over the weekend, Elon Musk also postponed a scheduled trip to India in which he was predicted to announce Tesla's expansion into the country.
EV sales have generally been on a decline of late, putting some of the world's biggest manufacturers – like Tesla and Li – in a relatively tight spot.
Tesla recently announced plans to kill its low-priced Model 2 vehicle – a seemingly ideal move when consumers want lower priced electric cars.
PS: Mercedes now reckons it's the first automaker to sell actual self-driving cars in America that don’t require drivers to keep an eye on the road.
The original article contains 567 words, the summary contains 169 words. Saved 70%. I'm a bot and I'm open source!
