Well, well, well... base on this reasoning, the FIRST thing we should do is bring down is the stock price of Tesla, make it into a junk stock company for those endlessly promoting Musk here. Yessssss.......

Whether oil is finite or otherwise is kind of moot when we're talking about its impact on the economic & environment at large. With the advancement of renewable, clean energy techonology and ever cheaper cost of manufacturing & generation -- without even mentioning the political shift it would bring by reducing the power & authoritarian tendencies of the OPEC countires -- it's just plain Good Business to transition as fast as possible away from oil.

D’oh!
Hovering in the low 700s now. So much for this surge. Oh boy indeed. Lol.

Bad news, Ford just announced they give customers a right to repair their own vehicles, unlike Tesla.

Tesla keeps its tech secret, uses proprietary tools they don’t sell, and goes the extra mile to make sure only Tesla service centers can work on a Tesla, allowing them to charge $15000 for repairs that should cost $700 (and do at the few after, aftermarket Tesla repair shops). This is because Tesla is a software company like Apple, and tries to use the same hyper control scheme that Apple does….essentially saying you just rent your Tesla, it’s not really yours to modify or repair.

Ford designed its crate motor, now available for aftermarket projects btw, the same motor in the E-mustang and soon in the e-f150, to be simple to work on with normal mechanics tools. They’ve indicated a willingness to make their systems open source so anyone can fix them. This is going to make Ford a much better choice even if their specs don’t measure up, and it seems they will.

Sorry, @bobknight33, it’s not looking great for your “all in on one stock” plan. So you understand, in order to be a good deal, Tesla stock still needs to drop by 4/5…or down to around $150 +-. That would put its PE ratio around 20….still high, but considered decent these days. 100 PE is just insane.

Greed knows no specific political affiliation, nor does charitability. We should all insist on policies that do more to help those in actual need of it, and to reduce rampant profiteering at the expense of human suffering. Squeezing your captive customers just because you can is a pretty universal "dick move." Imagine if we had solid policies in place that actually encouraged giving a hand up to those who've encountered misfortune, rather than treating them as suspicious and dangerous.

I think a big part of the problem, which I was sad to see go entirely unaddressed by the show, is that owning rental properties is such an appealing option for wealthy private investors. The long-term (and generally short-term) returns on real estate in the US have been absolutely bonkers for many years, and it's a much more stable investment than the stock market can prove to be. Professionally, I've been in a position to have an understanding of the finances of many wealthy people, and damn near everyone with net worth of more than a couple million ends up having quite substantial real estate holdings.

How about we instead find a way to award stable profits to those investing in schools, or public parks, or the arts, or... I don't know, anything else which doesn't ultimately take people out of their homes?

It dropped precipitously because Elon was buying Twitter and would have to sell billions of stock to pay for it, just to name one self inflicted wound. The economic state should benefit Tesla, as you say, with gas at $5 and rising, ev’s are in high demand.

Gas in Canada is $6.75 US. UK is $5.75 in usd. Europe is around $5.25. But sure, it’s all Biden’s fault. Meanwhile my Exon, BP, and energy mutual funds are reporting record profits….but there’s no correlation. Hmmm.

I guess you didn’t hear Elon decided to cut his workforce by 10% anticipating a slump in sales. Elon doesn’t share your optimism.

Isn’t his major production hurdle a worldwide chip shortage, which he can do nothing about? Not sure how he’s going to ramp up production without more chips.

China isn’t the only economy in trouble….where is this unsold production supposed to go? Europe?…in trouble. US?… looking like we’re in trouble and a logistics nightmare. How much does shipping add to the price too? $5k? More?

All car manufacturers raised prices multiple times last year significantly, they all have a shortage of chips. I think it’s more likely he raised prices because he could without slowing down sales, not in order to slow sales.

Granted, ev’s are in high demand, but the big 3 are ramping up production and will outbuild Tesla in short order, as are European and Asian companies. He’s done great without competition, but some real competition is coming. The electric F150 is going to produce around 15000 this year with over 120000 (edit now 200000) reservations. They built a billion dollar factory for it alone, it will be the best selling full sized ev truck as soon as production starts. They also won’t have a chip constraint because they can take them from their huge f-150 supplies to meet production estimates.

If you want Tesla stock it’s not the worst time to invest, that was last November, but I certainly wouldn’t go all in. The PE ratio is still near 100….GAWD AWFUL. That’s called a speculative bubble….they pop. Ask Twitter.


Sorry about your dad. Mine died when I was 21. It’s never easy.

I respectively disagree.

This is the buy of the year. 40% off from its high. Not from anything Tesla has done ( or not done) but from the economic state America is going through.

I don't think this will turn around till our leadership changes in 2024


Since last qtr 2021 Tesla opened 2 Giga Factories Texas and in Germany. They are ramping up and will get full speed in 2 years. This year expect 200 thousand from these as they ramp.

Giga Shanghai was shut down and lost 50, 000 vehicles of production. They reopened fully 2 weeks ago . China economy is taking a big hit. But what isn't sold will be ship and sold elsewhere.


2022 yearly estimate production is still about 1.5 M vehicles for the year.

Wait time from order to delivery is average 7 months. Tesla increase their prices 8 times last year to keep this 7 months from getting worse.

Demand out strips supply.


Gas at 5$/gal isn't helping the ICE vehicles at all and will push EV demand even higher.


Like I said

This is the buy of the year. 40% off from its high.
Also looks like a stock split of 3 to 1 is coming. This does nothing but make it cheaper for those who would like to enter this. One can do so at a lower, affordable price point.



Buy and hold



Buy 10 shares and hold for 5 o 10 years.





FYI.
My dad passed away last month on the 28th. I've been out of work tending to him and now settling the estate.

Lol.
Today’s Tesla news, Tesla stocks dump another 10%+ on news that 10% of employees will be fired.
This as Ford and Chrysler are hiring tens of thousands of union workers to build their electric fleets.
Not the best news for stockholders.

"The car-maker’s share price has cratered since Musk announced his buyout plan, shedding more than 30 percent of its value over the course of a month."

https://www.theverge.com/2022/5/25/23141940/elon-musk-tesla-twitter-margin-loan-buyout-deal

You're right about it being a relatively good time to buy the stock (always buy on bad news) but last I checked, you seemed keen around here https://videosift.com/video/Why-I-8482-m-ALL-IN-On-Tesla-Stock


At the very least, unless you bought stock in Tesla before Dec 2020 - OR - very specifically the month of June 2021, you're in the Red. At worst, you're down 30%.

But you're right, it IS a great time to buy that stock...because it's doing so amazingly fucking incredibly poorly. However, what's the stock gonna do when the S.E.C. comes ah-huntin for them shady deals that Musk seems to be runnin by acting like a lunatic in thinly veiled price manipulation schemes???

One maxim i've found true, rich people get mad when you mess with their money. They even get mad when other rich people do it.

About your brain damage, how exactly is it joe biden's fault? EXACTLY?

Such a dumb ass. That’s exactly what you said when it was at $1200. With Elon as the only leader, there’s no good time to buy, because tomorrow he might decide it’s a great time to put every dime in bitcoin (because it also lost half its value).
Biden had nothing to do with the stock tanking. Musk being an idiot has everything to do with it.

Um…what? A bit late to look at the company now, don’t you think? He might have done that before making a $45 billion offer that he’s locked into. Now he’s wasted between $1 billion and $20 billion, which comes out of Tesla.

Tesla is no longer a monopoly, Elon no longer looks like a business genius. That means the likelihood of Tesla stock going back to a PE ratio near 200 is pretty low, but further decline is highly likely. It’s still over 90 PE…anything over 25 is a horrible deal.

It’s a fantastic time to buy Tesla stock. Truly this is a “thank Joe Biden”

WRT to twitter musk trying to get a true sense of fake accounts and bots

Interesting….Elon was buying Twitter in part to reinstate Trump’s account…because that would obviously increase traffic and the company’s value (he assumes).
Turns out that, in order to get investment in Truth Social (which Trump calls Troth Sential) Trump had to sign contracts promising to not only post on truth central, but to EXCLUSIVELY post on truth central. (The company buying it also had to put out a statement to investors warning them that Trump’s business record is horrible, listing the companies he ran into bankruptcy or that were deemed to be frauds but not the rest that just failed).

Not good for Musk. The Twitter fiasco, trying to buy his way into political discourse, has backfired terribly…it’s going to cost him $1 BILLION to walk away, and there’s no other option, the company is worth around 1/2 of his purchase price. That deal dragged Tesla stock down to near 1/2 its previous value. Not a good time to be all in.

https://www.investopedia.com/tesla-removed-from-widely-tracked-esg-index-5295510

https://www.nasdaq.com/articles/why-tesla-stock-fell-again-today

And i saw their price target went from $1,200 to $1,000 now it's down to $600 as a target.


Good luck with where the price is at.

WHOOPS!
I didn't mean to end a sentence with a preposition. I will correct.

Good luck with where the price is at, asshole.

Douchebags like you are the problem.

Projection is the stock and trade of the Democrat playbook.

We are not hoping Putin will reverse his course, we are hoping (rich elite and military) Russians will decide they would be better offf without war and threatening to destroy the world.

Switching of SWIFT is not a total ban on transactions but is very annoying for russians.

Dependency of Europe on Russian oil and gas is a direct security danger, they do use it to extort (and bribe - see Mr. Schroeder) the west.

China gets paid mostly in dollars, it would be a pain for China to use anything else to buy oil and gas. But nothing is ever certain forever.

Russia will need dollars in any form, even if they have to be black market dolars so they will gladly take Chinese payments in dollars. Also their stock market and currency is... f***ed.

Sleepy Joe has already destroyed the Russian economy in just one week. Stocks down 40% and market closed. Foreign banking closed. Interest rates doubled, Oil exports stopped. Rubel in total collapse.

Even Russians are protesting against Putin.

Joe creating an international coalition to give Russia a unified front opposing him has done more damage to their country than 4 years of Trump’s “leadership” did to ours, and that’s quite a lot.

Imagine if someone gave him caffeine…he’s already doing exponentially better asleep than Dumb Donald when he was awake. Poling agrees.

Seriously, fuck Trump. What an asshole.

Is this real?

Fuuck if it is. Lost for words. Brain haemorrhage. Kindergarten level thinking.

Trump watching a bank get robbed: "This is very clever, they have guns, big guns, and theyre going in, very clever, with stockings on their heads, I know stockings very very well, and now they come out with sacks of money, this is genius".

He is like a stupid teenager watching a movie.

Putin is already talking pre-1997 NATO borders shit, must be stopped. People are dying.