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I'm kind of surprised that all the institutional investors haven't bailed already. It doesn't take much to look at the fundamentals of Tesla and realize it's all smoke and mirrors. The emperor has no clothes and the stock is 10 times more expensive than it should be.
I'd like to call you out for overexaggerating on the stock 10x more expensive than it should be, but if anything you might have understated it.. The extreme amount this stock is overvalued is absolutely bonkers. I believe once it drops below $200 the whole house comes falling down.
Wait, it didn't today when everything crashed 20%?
A 5%decline is optimistic, DB
:)
Their sales numbers and valutation are total bullshit anyway. It's just hitting the reality now that their cars are not really special, their looks are outdated or straight up ugly as sin (Cybercock sorry, Cybertruck) and the CEO of company is an insane asshole.
Yeah, like a few days ago when sales numbers came out and the stock price jumped up because "we were expecting even worse numbers" ignoring that the stock is priced as if tesla is set for insane growth. Musk will just announce some more stupid vaporware to pump the stock back up if it gets too low for his liking, as he always does.
It's CyberCuck
Lmao that's my favorite iteration thus far.
Their brand is forever broken. Even if musk 180d here I'll never touch tesla again. This is coming from an S owner. If I didn't own the car already you bet your ass if I need to replace it I'll not even look at a tesla ever again.
Even if musk stepped down from tesla and got out of politics.
Tesla is forever musk, like bill gates and Microsoft.
I’m one-and-done with my Model Y. I got it shortly after the Y was released in part because I felt it was a decent EV for the price at the time, and in part because their Supercharger network is a nice option to have (and I’ve used it a fair amount).
Even if Musk wasn’t such a public buffoon and acted more like other auto industry CEO’s I wouldn’t buy another Tesla either. The vision-only system sucks not only in inclement weather, but bright sunny conditions as well. It’s also terrible at detecting rain for auto-wipers, oncoming cars for auto high beams, etc. The build quality of the cyber trucks is sketchy. They haven’t made any significant design changes in years, other than maybe replacing the steering wheel with a yoke (and I refuse to even ride in a car with one). They seem too proud of creating things like “fart mode” and holiday light/music shows instead of something actually useful like improved speech recognition & more robust voice commands (“tune radio to wxyz”???) and on and on…
The way I see it, when it’s time to replace my Model Y there will be plenty of other competitive EV choices from big automakers like Honda, Toyota, etc. as well as newer ones like Rivian. And now that the Tesla charger has become an SAE standard and non-Teslas can charge at Superchargers there’s even less incentive to stick with a Tesla EV.
The charger network was the only thing to get me to consider tesla. All of their cars ive ridden in have felt like first generation Hyundai rattle traps. Now, Hyundai has figured their shit out and makes a damn fine car now. Tesla, not so much.
Could always get back at that asshat by donating your Tesla to PBS or NPR (assuming of course you could afford it).
Affording things? In this economy??
A 5% drop this year is a wildly optimistic forecast.
They are only down 36% this year, should be more. Will go up from here sadly.
Meanwhile Elons second company SpaceX is doing quite well with government contracts and starlink I assume?
If Tesla fires Musk and Musk divests his stock and interests in the company, I'll buy a Tesla immediately. (This offer is for a limited time.)
I wouldn't even then. There are so many better options now, in both design and build quality.
The only path to redemption for him is to confess his role in stealing the 2024 presidential election, help bring Trump and his cronies to justice, and serve his own prison sentences for all the crimes he and his DOGE lackeys committed against the American people.
You must be in USA, where Tesla is protected behind trade barriers. Because in the rest of the world, Tesla is not that competitive anymore.
If you want straight up competition VW group has better cars and a wider range (VW, Audi, Skoda, Cupra and Porsche). Renault also has some good options, and If you want even better than that, we have BMW and Mercedes. But they are also more expensive.
If you want good range but cheap, we have decent Chinese options like BYD, MG, NIO, Xpeng despite the 17% tariff.
But also Nissan and Toyota have good options, and Volvo and Polestar. And Mazda just announced their e6.
Even Stelantis seems to be making a slightly better effort now, With Opel, Peugeot, Citroen and FIAT.
None of the above cars will do phantom brakes, or cut your fingers off on the trunk. or lock you in if the car catches fire. Or have a 30% failure rate at the first mandatory safety check. Not even the Chinese are that bad!
Here (EU) there is absolutely no reason to buy a Tesler, except if you only heard 10 years ago they were good, and haven't had any updates since.
Oh BTW even USA had a decent competitor with the Ford Mustang. But I guess that's over now, and I'd really hate to have to buy an EV in USA now.
There are basically two reasonably priced sedans here, with the Ionic 6 being the other. I guess there's the Porsche Taycan.
Oh boy I completely forgot Hyundai and KIA?!
I'm not so fond of the instrumentation of the Ionic though, it's too much like Tesla, lacking buttons and relying on using the screen.
KIA doesn't make EV sedans.
I know, I just forgot to mention them in my list of available options here that compete with Tesla.
I did look at the BYD Han, but besides not being available here, it certainly isn't cheaper on price.
Ideally I'd like something that does Vehicle to Home charging through the normal charge port. (Not outlets.)
They can never fire Elon. Without him, there's no denying Tesla is just another auto maker. And if Tesla is just another auto maker, the valuation should be significantly lower than most others because at the end of they day, they ain't sellin enough cars.
Their pe ratio is something like 115. A normal car company has a pe ratio of 7. That bubble gonna burst.
Sure they can. Anything Musk provided can be done without Musk. He's not that integral, especially now.
I think you kinda missed the point. To fire him would be admitting he isn't anything special which also means neither is Tesla. Ford had $48BB in Q4 revenue and trades for around $10/share. Tesla had $25BB in Q4 revenue, yet trades for $240/share. Without Elon, Tesla is just another car company and would likely lose over $230/share. They can never fire Elon. They are paid in shares. The only thing they care about is that number and absolutely nothing else.
Share price isn't a useful number since the quantity of shares is not equal between the two.
Ford's cumulative stock value (market cap) is about $38 on $185 in revenue (in billions)
Tesla's cumulative stock value is $860 on $97 in revenue (in billions)
So Tesla is trading on a value that is 2200% that of Ford on 50% of the revenue.
That only occurs because Musk is a running the largest confidence scheme in history.
Tesla will keep crumbling.
Yet despite the whole market absolutely tanking, Tesla stays stable.
I wonder if it's all rigged. /s
In my mind, MAGAvans are forever tarnished unless they oust Musk (and soon).
Even if they do, unless Musk divests entirely, they can still get fucked. As long as hurting Tesla hurts Musk, they're just a means to an end.
This is the right attitude. Just because the fucker decides not to act like he works anymore, doesn't mean he deserves our money. There is absolutely no way I would ever consider buying a Tesla. Even IF they somehow force him to sell every single stock he owns, and he has absolutely nothing to do with the company, the rest of theses investors are just as bad as him, for sticking with him over the last 10 years. They can all get fucked.
Honestly even then
People should get it in their mind to never buy Tesla vehicles for the rest of their lives