#TESLA NEWS: New York City Comptroller Brad Lander Files Letter to #TSLA Shareholders with #SEC: The Board's Failure to Curtail the CEO Jeopardizes Tesla’s Brand, so "we urge you to vote against the reelection of Kimbal Musk and James Murdoch and against the ratification of the #Musk 2018 Pay Package."
James Murdoch is a #climatedenial promoter. He is a billionaire's buddy on a Board that is totally captive to Musk's fantasies. That's no way to make money!
#TSLA stock valuation "is being undone by the ever-broadening realization, even amongst its fans, that Tesla really is just a car company. [...] This last is a paradigm shift. Until most recently, TSLA was being valued as a tech company, and was even included in the fabled Magnificent Seven — Apple, Microsoft, Nvidia, Meta, Amazon, and Alphabet, as well as the Texas-based automaker — that have driven the Dow Jones to record heights."
ALL VEHICLES SOLD IN US. That's 2 MILLION CARS. Now think back to the Equation carmakers use to determine whether to recall. HOW unsafe must these have been for Musk to decide it would be cheaper than the lawsuits and fines? #elonmusk must be deliriously happy right now, because he's probably gonna lose all his shareholders for #Tesla too!
Also no more customers to interfere. At last, they're ALL HIS https://www.youtube.com/watch?v=Eya1pjUTE7U#tsla#merrychristmaselon#schadenfreude
I don't know how expensive the #cybertruck will be, and I don't know how powerful it will be. But I do predict that there will be low demand: I don't think it will appeal to people who want a pickup, and I don't think it will appeal to people who want an electric vehicle.
I'm fascinated by the valuations (market cap) of #Tesla versus existing makes like #Toyota or #GM. @nntaleb popularized the #lindyeffect. It suggests that something will continue for about as long as it has already existed. Therefore, GM should keep running 115 years and Toyota another 96.
I would think that value is based on expected growth/profit versus the risk of loss/bankruptcy. Looking at GM, they made about $3 B operating profit in Q3 and the chance of important bus. Failure is ...
@mister914#TSLA is valued like a software startup, but it's actually a manufacturer of large, expensive items. From that perspective, even if sales and revenue are growing quickly now, it will eventually converge on a valuation like other large auto manufacturers. But at present Tesla's market cap is twice that of Toyota's!
And when you look at Tesla's share price fluctuations, it's clearly driven by gut more than reason.
But the market can stay irrational longer than you can stay solvent.
"But there are still a lot of bears who are skeptical of Tesla's future, especially after its stock price has climbed so quickly. They claim that Tesla trades at a premium earnings multiple, faces growing pressure from competitors, and is failing to revamp its products to expand its electric vehicle (EV) customer base. Are the bears right? I think they might be. Here's why"
@vid Tesla has an interest in lots of different things, and it's entirely possible there will be a very profitable breakthrough in one of them. But almost all their revenue comes from selling cars, so I think it should be valued as a (fast-growing, to be sure) car company.
Sold all my #Tesla#stock. Made a good Euro with it over the last years but now I'm more than happy to have cut the last connection I had with #Elon. This 🤡 is a loose cannon.
Same with #Microsoft and #Amazon but for different reasons: Finally put my money where my mouth is.
Need to learn more about sustainable stock options soon.
Investors and fund managers take note: it is quite likely time ⏲️ to sell #TSLA short.
Why? Remember the collapse of #Wirecard? Remember how #Musk managed to annihilate most of #Twitter’s value within just a few months?
Well, this billionaire version of Baron von Münchhausen is about to do it again with #Tesla.
@HistoPol #TSLA fell yesterday (when the Reuters article came out), but today it's up. Maybe only lawsuits or government action will have a major effect on the stock.
An acquaintance of mine earned hansomely buying and selling #Wirecard stock with every major revelation about the company for several years...until he didn’t...
We all know by now (the #Reuters article is only the latest piece) that the insane #TSLA valuation is built on sand. (p/e ratio?!?)
There is bound to come a point, where this will turn into quick sand.
I agree with you, @HistoPol , that #TSLA is highly over-valued. I think that its P/E ratio would be crazy even if we put aside the dodgy range estimates, the unmet promises for FSD, the side-ventures and so on. In fact, I set up an acount so that I could short the stock last Fall. But the way the stock price has gyrated since then has been unsettling, and I really don't know when the price will fall to a sane level.
I once read an excellent history novel about short selling. It might have been Tai Pan by James Clavel.
I am not in this business, but from what I learned: once enough hunting dogs can smell the blood of the wounded bear, he us doomed.
To stay with the picture: the leader of the packs must be of this conviction.
What we can do in the meantime is spread the information contained in this blog post and its links.
Elmo has overplayed his Hand. 1,600 is a...
...house of cards built on sand.
Time to shake it.
The realistic valuation...well, Musks high-level contacts to the CCP are worth something (market access). If the share price collapses, he will he forced to step down. No more USP. Rich people buy #Teslas, Musk has made a fool out all customers. They don't like that. At all.
I think Iread that Chinese EV producers are already more popular than TSLA in China. The battery engineering...
How about at BMW's EV business unit value, devided by BMW's car production and multiplied by TSLA' as a max value?
That then has to be reduced by the immense reputation damage caused by Elmo and charges for possible further damage payments for mass fraud in many countries?
Fun!