Tesla DESTROYS Q1 Earnings,

siftbotsays...

Moving this video to bobknight33's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

newtboysays...

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.

newtboysays...

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.

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