And IRS is going to accept that it's "like-kind" when sometimes it's considered currency and sometimes not? One thing's for sure, it's not art.
OT: Stock and Investment Thread
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And IRS is going to accept that it's "like-kind" when sometimes it's considered currency and sometimes not? One thing's for sure, it's not art.
I know there are plenty of crypto supporters on this board that have probably made boatloads of money. But, all you have to do is sketch-out the crypto blueprint and it’s quite scary, especially now that NFTs appear to be the means by which to weaponize cryptocurrency, and are being used by the very same weapon manufacturers (i.e., creators/holders) in order to dodge the tax man and pump up digital asset prices. Supposedly, the “crypto whale” that purchased the Beeples NFT for $69M already owns NFTs worth hundreds of millions. So, of course he bid up the value of the Beeples NFT because that one auction has now increased the rest of his portfolio. No joke - crypto/NFTs will cause the next global financial crisis. And, it could be even worse than 2008 because now we have retail investors handing money over to people/entities that nobody knows - and they will be impossible to track-down since most of them are in China and Russia. Whereas, in 2008 we knew it was the Wall Street crooks and their complex derivatives and CMBS that brought the financial world to its knees.
Time to tone down the hysteria.
With everything, there are good ideas and bad ideas. BTC and ETH will likely turn out to be good ideas. Most of the other crypto plays will be bad ideas (and some even fraudulent). Some NFTs will be good and empower artists/creators, some will end very badly. Just like with all things.
You are trying way too hard to find the conspiracy here. It's just humans doing what humans do.
I'm tring to be nice, but dude, you're clueless.
Don't want to count OTA updates? Fine. None of the 13 changes to the Model Y were from OTA updates. But, of course OTA updates count. Do they improve the vehicle? In that case, the Y has had many more than 13 changes....in 3 months. https://www.tesmanian.com/blogs/tes...ng-13-changes-in-3-months-sandy-munro-shocked
No real changes? How about structural battery pack invented by Tesla. Tabless 4680 battery cells invented by Tesla. Front and rear single piece body castings made from aluminum alloys that Tesla's material science team invented. Heat pump and octovalve (HVAC) invented by Tesla. Tesla invented their own airbags which earned them a 5 star safety rating in every NHTSA test. They design and make their own chips, write their own software code..... I could go on...
Every production line for every vehicle has been re-tooled.
Standard Range Model 3 is available. It's right here: https://www.tesla.com/model3/design#overview
You can use a lot of adjectives to describe Tesla, but "stagnant" isn't one of them. I don't know where you're getting your info from, but I suggest you check your sources.
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2 front page WSJ article that would support that thesis. One about how banks are loaded with cash from 2020 loan loss reserves that far exceeded the losses to date. The other on how the higher home prices are being paid with much higher down payments than 2005-8.
Hysteria? A jpg file just sold for $69M. A guy that bought a 10 second video NFT in October for $67K just re-sold it for $6.6M. A brick-and-mortar video game retailer’s stock is trading at $200 p/sh. TSLA just named a “Technoking” and “Master of Coin” in a SEC filing. The security guard at my office who prob makes $15 p/hr was telling me recently how he is buying cryptocurrency. This will not end well.Time to tone down the hysteria.
With everything, there are good ideas and bad ideas. BTC and ETH will likely turn out to be good ideas. Most of the other crypto plays will be bad ideas (and some even fraudulent). Some NFTs will be good and empower artists/creators, some will end very badly. Just like with all things.
You are trying way too hard to find the conspiracy here. It's just humans doing what humans do.
$69m on a jpg is the same as spending $69m on a Monet. Not my thing, doesn't affect me, so I don't care. Stupid people do stupid things all of the time. Just don't be stupid!
Low income people (and plenty of others) have been losing money on get rich quick ideas since the dawn of time. Such is life.
I meant financial crisis from a retail investor perspective because digital assets can disappear in a matter of seconds with nobody to sue. Whereas, even if a SPAC goes bust based on fraud there is still a bankruptcy process, physical assets, company officers and underwriters, etc.
If you replace jpg with Bitcoin, then it impacts you. There are rich people out there trying to convince the average people to do the stupid thing. That's the world we are in right now.$69m on a jpg is the same as spending $69m on a Monet. Not my thing, doesn't affect me, so I don't care. Stupid people do stupid things all of the time. Just don't be stupid!
Low income people (and plenty of others) have been losing money on get rich quick ideas since the dawn of time. Such is life.
Great point - there is a reason Mark Cuban’s mission seems to be pushing NFTs. Perhaps because he owns a bunch of NBA HotShots videos and a NBA team? There is a reason the Winklevoss twins never shut up about BTC - because they own a ton of it. The problem is that the victims will be the retailer investors and average people, whereas during 2008 the victims were companies buying idiotic instruments from Wall Street.
$10m is still a lot of moneyI don't plan to spend $69m on Bitcoin.
I got in with a cost basis of $34k'ish. At the current price of $55k, I have made 61.7% (or roughly $6.2 million).$10m is still a lot of money
#iwish
Perhaps an oxymoron, but you also had guilty victims who thought they could buy a house way out of their price range with liars loans because "the price will keep going up".
VW stock up 29% today. They announced that they aim to be the gloval EV leader by 2025. Targeting 1 million deliveries in 2021, more than Tesla. Will build 6 battery factories in Europe and aims to cut cell costs 50% using solid-state batteries. Catch Tesla in software by 2025.
Agree in principle - but when you buy a home, even based on fraudulent loan info, there is still a physical asset that can be used in a liquidation scenario. With crypto and NFTs, victims are buying code that is basically worthless beyond what someone else is willing to pay for it. If the world discovered that Satoshi Nakamoto and BTC was the scam of the century perpetrated by organized cyber criminals in China, what happens to BTC and crypto? It crashes and becomes worthless - disappears - fortunes lost without any recoverable assets and a slew of litigation that likely goes nowhere.
2021 is not accurate. Hoping to match TSLA in 2023 and pass them in 2025. Easy to say, tougher to do. We shall see.
Audi EVs will be a formidable threat to Tesla. They target the same slice of the market and share similar design features.
I’ve said it many times. VW will own the EU. In China, [insert Chinese EV companies] will own China. In the US, there will be a blood-bath between Tesla, GM, Ford, VW, and the rest of the upstarts and niche players. It’s the simple reality of competition in one of the hottest sectors on the planet.
Why do we think there will only be 1 successful EV company in the US (or EU or China)? That's silly. Plenty of opportunity to go around.
VW was up between 5-10% depending on the stock option.
Morgan Stanley just upgraded TSLA from buy to overweight buy.
The US is an open market with room for many. The EU pretends to be open. China - do I really need to explain that one...
You got some things wrong there.
50% cost reduction is mostly from switching their cathode from nickel to iron. That's kinda cheating w the numbers since iron is abundant and cheap compared to nickel. Iron gives you less range too.
They will not deliver 1 million EVs in 2021. I think you made an error. That was not said.
By 2030, VW's 6 battery factories will produce 1/12 the batteries Tesla plans on producing.
I'll give VW credit though. They appear to be making a real effort. It's just nowhere near fast enough to catch Tesla. Ford, on the other hand just announced they have no plans to produce their own cells. Smh, wtf are they thinking?
TSLA will be the high-price, luxury, status symbol option in China. And they will be very successful. NIO will likely be the volume leader.
Tesla will have a $25K compact available in 2023. China, Europe, and the US will each have their own original designs of this car. Expect an unveiling within a year.
Palantir CEO blasting Wall Street for "short-term focus". That's code for we are going to losing money or not profitable for a while. It's a cozy or charming house.
the post earlier likened it to pyramid scheme, not a Ponzi scheme. There is a difference between the two. In a pyramid scheme it’s started by one entity or person. Then whatever is sold, needs to be sold to more people, and so on and so on. Similar to crypto, the more suckers that buy in, the higher the price goes, until there are no more buyers (or a drop in buyers). Although you are a big cheerleader for this “asset” class, I think you understand the risks, otherwise you would have a much larger allocation.
Per investopedia: “With Ponzi schemes, investors give money to a portfolio manager. Then, when they want their money back, they are paid out with the incoming funds contributed by later investors. With a pyramid scheme, the initial schemer recruits other investors who in turn recruit other investors and so on.”
Crypto sounds a lot like a pyramid scheme as every buyer seems to be recruiting more buyers. Unfortunately, I see all the posts on this site (with all the cheesy crypto infomercial videos) and have to listen to all the pumpers on CNBC.
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Just reporting what Bloomberg reported. They explicitly state that VW is "targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest". Article still up. Software staff to 10,000, making it one of the largest software firms in Europe.
because if there are many players, you lose pricing power in addition to market share. That is why the car business is not very profitable.
5 paint colors that's all I'll say. Listen I get it, you are a fanboy. Just like apple, so will tesla.
Just acknowledge there is plenty of space for dozens of ev competitors.
Im not against them either, I was considering an s but I can't have pleather in my cars. Just terrible
Just saw his comments. The word that comes to mind is BRAVO!
Investing and innovating >>> temporary dividends and profit
Hmmm...this guy just took a giant **** on my argument, so I'll just call him a fanboy and complain about paint colors.
Weak sauce.
no - you just arent worth my time. i know many of you fanboys, musk could **** in your mouth and you'd say "thank you can i have another sir"
You want to talk about complexity and how great tesla is at managing change, they cant handle more than 5 colors. So please F off
I'm not arguing that TSLA does not have the best tech, or make the best EV at the moment. I'm arguing against the idea that TSLA is the equivalent to the greatest sprinter of all time, or that GM and Ford are doomed. These are indeed TSLA fans gone astray type remarks.