Elon Musk

SWP's back said:
Painful 2 months for you since you posted this. You still gonna hold or cut the paper losses and take the growth on the shares you bought at 110?
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painful indeed - but i rarely check it day to day if im being honest with you.

Will continue to hold as I said mate
 
SWP's back said:
Not worried that Tesla sales with drop further and further?
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I’ve said for years that Tesla was ridiculously overpriced. Even now with a market cap of just under a trillion dollars it’s around 20 times the capitalisation of the likes of GM, Ford and VW, and 5 times more than the second biggest Toyota. With their sales plummeting and Chinese EVs taking the lead, I can only assume that the reason it’s still high is down to Musk being in a position to corruptly get enormous US government contracts and subsidies awarded to Tesla. If he falls out with Trump there will be nothing left to support the SP and we’ll see the biggest collapse in corporate history imo. Or maybe I’m missing something.
 
west didsblue said:
I’ve said for years that Tesla was ridiculously overpriced. Even now with a market cap of just under a trillion dollars it’s around 20 times the capitalisation of the likes of GM, Ford and VW, and 5 times more than the second biggest Toyota. With their sales plummeting and Chinese EVs taking the lead, I can only assume that the reason it’s still high is down to Musk being in a position to corruptly get enormous US government contracts and subsidies awarded to Tesla. If he falls out with Trump there will be nothing left to support the SP and we’ll see the biggest collapse in corporate history imo. Or maybe I’m missing something.
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I don’t think you are mate. Their share price bears no relationship to their revenue streams, investors were simply betting on Musk. I don’t think that will last when he is now the major vulnerability with the company. He’s now toxic.
 
Musk will be the scapegoat for all the ills which will befall the USA due to their current behaviour. I will not be shocked to see someone pop him off. He will get all the blame when everything starts going wrong.
No one will care when a really rich South African fella gets assassinated off an angry farmer with a sub machine gun.
 
SWP's back said:
I wouldn’t be so sure, one of my mates works in EV sales in LA and he was literally messaging me earlier about Tesla:

View attachment 147986
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I think something like 1 in 8 sales were/are in California as well, which really doesn’t bode well. Which is nice…
 
cleavers said:
Good, I don't think his relationship with trump will last long either, they'll eventually clash, he might even need to stay away from higher floor windows.
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A lot of Trump's politics are performative. What he says and then what actually happens tend to be disconnected.

But Musks wrecking ball management alongside the massive budget cuts is going to really F up people's lives. Trump is an idiot and he has no clue about what kind of shit storm is brewing up. Does he rain it all back? Will Musk get thrown under the bus?
 
SWP's back said:
Not worried that Tesla sales with drop further and further?
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it’s more than just about the sales for me.

robotaxi & fully self driving software around the corner.

they’re more than just a car company, with Optimus robots in the pipeline too - which is why I will continue to hold

maybe i’ll be proved wrong, but let’s see.

glad I can have a proper discussion with yourself, despite the other clowns on this thread.
 
west didsblue said:
I’ve said for years that Tesla was ridiculously overpriced. Even now with a market cap of just under a trillion dollars it’s around 20 times the capitalisation of the likes of GM, Ford and VW, and 5 times more than the second biggest Toyota. With their sales plummeting and Chinese EVs taking the lead, I can only assume that the reason it’s still high is down to Musk being in a position to corruptly get enormous US government contracts and subsidies awarded to Tesla. If he falls out with Trump there will be nothing left to support the SP and we’ll see the biggest collapse in corporate history imo. Or maybe I’m missing something.
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I don't think we're in some levelling down due to his behaviour. What's really happening is everybody who bought prior to the election are now cashing in. The same behaviour that led people to buy is now leading people to sell. It has nothing to do with the company.

TSLA has always been a volatile stock for every reason except the performance of the company. I mean 15 years ago everybody said that the company would fail completely and yet anybody who bought shares then is probably now a millionaire. The stock itself is after all why Musk is classed as the richest man in the world and has the company ever even made a real profit?

If we only considered the dull world of company performance then if you invested $1000 in Ford today then this time next year you'd probably still have $1000 and that's if you're lucky. If you only invest in stocks based upon that then you'd be best leaving the money in the bank as it's far likely to be safer...

Personally I think people will quickly get bored of the politics. I mean christ who buys a car based upon the political nature of it, I for one couldn't give a toss. There is no moral argument really anyway and certainly not from the European manufacturers who for example fit cheat devices to cheat emissions tests.
 
SWP's back said:
I wouldn’t be so sure, one of my mates works in EV sales in LA and he was literally messaging me earlier about Tesla:

View attachment 147986
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Honestly, I feel like the entire stock market is like that these days. Nvidia being the world's most valuable company at one point because of this assumption about AI, and then crashing when the Chinese put a pin in their balloon. Tech companies making losses for years and yet somehow being the most valuable companies in the world because, well, there must be something in it, right? Kinda reminds me of crypto. People buying into it because they just assume there will be this use for the technology at some point.
 
inbetween said:
I don't think we're in some levelling down due to his behaviour. What's really happening is everybody who bought prior to the election are now cashing in. The same behaviour that led people to buy is now leading people to sell. It has nothing to do with the company.

TSLA has always been a volatile stock for every reason except the performance of the company. I mean 15 years ago everybody said that the company would fail completely and yet anybody who bought shares then is probably now a millionaire. The stock itself is after all why Musk is classed as the richest man in the world and has the company ever even made a real profit?

If we only considered the dull world of company performance then if you invested $1000 in Ford today then this time next year you'd probably still have $1000 and that's if you're lucky. If you only invest in stocks based upon that then you'd be best leaving the money in the bank as it's far likely to be safer...

Personally I think people will quickly get bored of the politics. I mean christ who buys a car based upon the political nature of it, I for one couldn't give a toss. There is no moral argument really anyway and certainly not from the European manufacturers who for example fit cheat devices to cheat emissions tests.
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I think you underestimate Europeans, they can see what Musk is and people having his stuff will the more this goes on will turn against him, unlike Americans who are so insular they think the world revolves round them.
 
inbetween said:
Personally I think people will quickly get bored of the politics. I mean christ who buys a car based upon the political nature of it, I for one couldn't give a toss. There is no moral argument really anyway and certainly not from the European manufacturers who for example fit cheat devices to cheat emissions tests.
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More than any other product, I think people buy cars based on what they think it says about them. People might be willing to compromise for a very good deal, but try and sell a pink car to a man or a Lada to a teenager and see how far you get. And for a more political example, travel to Korea and see how many Japanese cars you see there as a result of the political animosity between the two countries. Electric cars are arguably the most current example of a virtue-signalling status symbol in the car world. Hell, you used to get Hollywood celebrities who could afford the latest Ferrari driving around in a Toyota Prius because of they thought it said about their values. It's not like other products where you can carry on buying the 'toxic' brand and no-one will notice (let's be honest, we all still buy Nestle even though we know they're awful). It's pretty obvious what car you've bought.
 
inbetween said:
Personally I think people will quickly get bored of the politics. I mean christ who buys a car based upon the political nature of it, I for one couldn't give a toss. There is no moral argument really anyway and certainly not from the European manufacturers who for example fit cheat devices to cheat emissions tests.
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I think you're underestimating the depth of anger at Musk in the US among the kind of people who buy Teslas, and the embarrassment factor in that social circle. Tesla sales dropped significantly in the US in Q4 and Q1 will probably be even uglier.
 
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