FYI, ICE is different than EV. My previous post stands. Companies need to prove it, not just talk.
She came in 2nd because she doesn’t know how to pump Dogecoin. Master of coin knows Doge rules. I’m also surprised Elon didn’t concede the cover to president Xi.At the request of the Biden administration, Time Magazine has changed their person of the year.
"You did it Mary. You electrified the whole industry. You led and it matters"
Tons of companies are proving it. Look at BYD’s numbers in China. Look at VW’s numbers in the EU. And these are companies that spent way less time ramping up EVs than Tesla. Tesla was founded in 2003 and launched the Model S in 2012. Yet, ALL OF THESE COMPANIES have shredded Tesla’s time to market. Tesla is under siege at every price point in the market. But, whatever, I’m sure Toyota’s $35B investment in EVs will go up in smoke and they’ll be bankrupt in 10 years along with every other EV manufacturer other than Tesla.
I would think "proving it" requires sustained profitability, but that's just me.
Bingo! Until another company can make and sell at a profit 1 million EVs in a year, it's only hopes, wishes, and dreams.
So, now Tesla has demonstrated “sustained profitability”? Regulatory credits kept Tesla afloat for years yet now we’re talking about the “profitability” of a company with a stock that has a P/E of over 300. And as if Tesla’s “profitability” won’t be affected by the hundreds of billions across the auto industry being dumped into EVs over the next 10 years. #teslainsanity
You still don't understand growth companies. Who cares about trailing 12 month P/E for a growth company? Especially a company growing at such a ridiculous rate. In Tesla's case, 50% annual growth (minimum) while still managing to increase margins. Tesla's P/E was 800+ less than 1 year ago. What does that tell you?
I understand growth companies and was merely using P/E in response the comment “sustained profitability”. Tesla can streamline operations until Elon is blue in the face but at the end of the day someone needs to buy Tesla’s cars. And how many people can afford a Tesla? You guys act like everyone on earth spends $40K+ on a car. And by the way, right now EVs are what - like 5% of all vehicle sales? And Tesla has what - like 50% of that? In 5-10 years, Tesla will be little more than a great niche car manufacturer.
i agree with your last point, however, avg price of a new, non-luxury car in the US is now over 40k, so yes...people are spending 40k+ on a car.
Yeah but that’s mainly due to current inflation and scarcity of all models which led to extreme price increases. Pre-Covid you could get below invoice pricing. Current pricing is not sustainable, especially when full EV transition takes hold and auto manufacturers are battling for customers. Sounds like there will be a ton of EV supply hitting the market in next 5 years.
Do me a favor and grab the mic while you are down there on your knees Mr. ATH.Another mic drop post!
Don't get mad at me for being right so often. Lots of doom and gloom posts by the 3 little bears, but the S&P was at another ATH last Friday. Another one coming soon!
What you fail to understand is that we both agree that a long term investing strategy is the path to wealth building. However, I am a firm believer in finding attractive entry points when establishing a position. I’ve been a long term bull for 20 years. No doom and gloom here. I just don’t buy for the sake of buying. I try to buy when I think an asset is not priced correctly. And attempt to manage downside risk when appropriate. Now, with that said, I still max out my 401K, IRAs, and make contributions to 529s irrespective of noise impacting the market.
the price point was already heading that way. if i recall correctly, early 2020, the avg price was ~38k. broke 40k in 2020, and is up to 43k-45k now. even if that is artificially high because of supply chain, the trend will normalize over 40k in the very near future. the automakers played their marketing hand well years ago and convinced folks that everyone needs an SUV...built a box on wheels on existing FWD sedan platforms, and charged them a whole lot more for it. that has been a huge driver of rise in prices of cars in general over the past several years. EV's are going to be even more expensive at first...but I do think that, once the manufacturing scales up across all manufacturers, prices on EVs will come down.
No arguing or complaining here. I simply try to offer a POV, regardless of whether folks agree or disagree, for the greater good of the thread.So why do you argue and complain so much?
You know, I bought those 12 tech stocks after the first big rotation last March. Isn't that buying at a good price? Up nicely on all of them, except TWLO.
Dude lost me when he whined that it took Tesla nine years to create an auto company and push a revolutionary product out the door.So why do you argue and complain so much?
If you actually read the thread, the issue was the contention that apparently Tesla has proven “sustained profitability”. And while I don’t disagree that Tesla launched a “revolutionary product”, look how quickly other manufacturers are able to replicate EV design and manufacturing. Regardless, I like Tesla I’m just not a believer.
+1I'm neutral on Musk, but this is epic.
love free speech. I would be impressed if he stood up to China instead of kissing their ***.
It’s a great point. He’s in the Lebron category in that regard. Will tell the US Gov’t where they can stick it but then he’ll shine Xi Jinping’s shoes.
No he is not. LeBron preaches how awful US society is and how it violates civil rights, but says nothing about China who does even worse. See the difference? That's why LeBron gets **** for his hypocrisy.
I’m not saying Musk is as blatant as Lebron. But as a visionary with endless resources Musk could certainly have made a statement with China. In fact, that’s the kind of thing that would really get me on Team Musk. Tell Xi and China to go stick it. In the end, they are going to screw Tesla over anyway. I don’t believe for a second that China will let Tesla be a major player in that market in 5-10 years. I think they are using Tesla to establish/grow the EV market and generate buzz, but in the end they will favor their domestic companies.
does the same thing go for everyone? How about Liz Warren.. she standing up to China?