Weekend couldn’t come at a better time for RH.
OT: Stock and Investment Thread
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Weekend couldn’t come at a better time for RH.
At what level had you initially shorted TSLA? What level did you short GME and AMC?
TSLA 1st round 675 , second round 890.
GME at 320 and AMC at 13.70
GME only 50 shares because it’s 1000% margin. AMC only 100. AMC scares me because it’s a business that can rebound from the pandemic.
it’s all fun money.
Tesla stock is a house of cards. Great company with potential but the insane valuation was driven by the same behavior currently plaguing the market. Only it took place over the course of a year and not weeks. For that past few years, Tesla was heavily shorted and the Robinhood traders, enamored with Musk, started loading up on shares costing Tesla shorts $38B in 2020. In turn, hedge funds and insiders picked up on the trend (likely with the help of RH user trading data) and also loaded up helping the stock skyrocket. And Wall Street continues to pump up the stock any chance they get even when Tesla misses its numbers and new competitors enter the space daily. Kramer was a huge critic forever and then miraculously changed his tune right around the time the stock began its climb. The stock should have tanked 20% after it just reported a terrible quarter but Wall Street won’t let it.
My fun money is all in cryptos and crypto value chain companies (miners and tech). I had to negotiate the funds with the boss and gave up my upcoming mid-life crisis sports car! But honestly, that's not my thing even though I used it to barter.
Terrible quarter? Their margins dropped, but this was explained in the call.
Tesla is on pace to produce 100 GWH of their own batteries by the end of 2022. This is supplemental to what they'll purchase from their suppliers. Translate that into revenue and you'd see how wrong you are. Keep in mind this doesn't account for revenue from software, service, or solar.
The path Tesla laid out on battery day leads to 3 terawatt hours of batteries by 2030, 20 million vehicles, and massive growth in stationary storage.
When it really gets fun is when autonomy is solved and the robotaxi network is released. The stock didn't tank because long term investors get it, short term gamblers don't.
Tesla missed their numbers plain and simple and the stock went up for no reason other than the RH crowd, Wall Street and the CNBC Talking Heads are keeping the price in the atmosphere. The EV space is slammed with competitors and Tesla is under attack at every price entry point on virtually every continent, especially from Chinese players. Oh yeah, I suppose someone is now going to tell me “it’s a technology company” to justify the astronomical PE of 1,300! Listen - I’m not saying Tesla is a bad company. But at these levels it’s a terrible investment based on any fundamental metric. Although, I fully understand that fundamentals don’t mean squat these days as evidence by GameStop. The day of reckoning will come for Tesla and Musk will then move onto colonizing Saturn or drilling a hole to the center of the Earth.
Somewhere between 10K-40K/ share by 2030. This might be conservative depending on when we get robotaxi.
The stock has been down since earnings. Shows what you know.
Please tell me who Tesla's competitors are. I can go back to 2017 and find dozens of articles/videos about "the competition is coming" and "the next Tesla killer". Guess what? Still waiting. And while we wait, Tesla's lead is growing. "The competition" still hasn't caught up to the original Model S from 2012. In order to call a company a competitor, they need to be able to compete.
They're #1 in China. 1 year after Giga Shanghai came on line, and they just started model Y china last month. I promise you they'll be #1 in Europe sometime in 2022 (currently don't have a factory on the continent).
If you follow the battery revenue model alone, you'd see why it's trading where it is. Then, figure in energy (vastly underrated) and robotaxi??? Fagettaboutit!
I'll keep it simple for you. Don't bet against Elon.
Keep drinking the RH and Musk Kool-Aid:
VW/Audi will own the EV market in Europe. I can’t keep track of the 5-10 Chinese EV companies but pick any 3 because if you think China is gonna let Tesla own that market you should apply for a job at Melvin Capital. In the US, GM and Ford will slowly ramp up but eventually undercut Tesla with affordable EVs and an avalanche of people in the Midwest, South, or basically anywhere other than CA and NY/NJ, will be buying GM/Ford over some Silicon Valley company run by an elitist that doesn’t mean squat to them. And, on the higher end, go look up Lucid Motors and you will see a car that makes a Tesla look like a Ford Pinto.
What’s the first rule about fight club? I’m investing for our future.My fun money is all in cryptos and crypto value chain companies (miners and tech). I had to negotiate the funds with the boss and gave up my upcoming mid-life crisis sports car! But honestly, that's not my thing even though I used it to barter.
sports cars are tough in NJ. Roads, weather and traffic doesn’t allow you to really enjoy it. Forgot to add kids. A nice treat for yourself that you can use daily is a nice watch. It was my best investment too.You should buy as much as you possibly can tomorrow! Doesnt matter what the price is
Never wore a watch in my life, but you are right about sports cars. I would probably opt for a classic muscle car, but the problem is still the same. Hell, you don't even have Englishtown to drag race it anymore. This fun money portfolio is a full swing for the fences. Our retirement is solid and taken care of. Whether cryptos reach their full potential or not, it's fun to learn about something new and interesting. I'm sure it will be a bumpy next 5-10 years, but I think it have real utility.What’s the first rule about fight club? I’m investing for our future.
Gill says even he was surprised to see how things unfolded. I think a perfect storm thing took place. Game Stop is a nostalgic entity (as is AMC) for a lot of gamers now in their 30s and 40s. The hedges were setting it up to get pulverized. Many of the WSB members were not only Game Stop fans but they had a visceral contempt for the hedges - hence pitchforks and torches. Many recall the damage done in 2008 (the perps got rescued and the little people got the shaft while also having to subsidize the rescue bubble). Gill lit a match in a room with a gas leak.
WSB is quite large and sometimes described as 4Chan meets Bloomberg terminal . Some members are very shrewd. Other members are the kids who grew up doing back flips off their backyard roofs and landing in the bushes
Angry people
Gill on Game Stop months ago
Tesla has the lead in every metric of technology, manufacturing, and infrastructure. That lead is growing. How do you catch that?
And why **** on Elon? Elitist? He's where he is because of a ridiculous amount of hard work. Telling comment.
Just a friendly heads up. HIVE/HVBTF and Argo/ARBKF look really good as compared to RIOT and MARA. Unless I am missing something, these 2 lottery tickets may be good bets. I have been reviewing their financials, press releases, and investor docs. Definitely worth your time looking into.
Surprising revelation? It's pretty well known that the CO2 credits help put TSLA into the black. TSLA's bull case is not really about what it makes in earning now, it's about it's growth, which is very impressive, and what it could grow into in the future.
I'm not in on TSLA, though I do wish I didn't sell back in August, but people pointing to the current earnings, or lack there of, are missing the point.
The incoming competition is the bear case.
TSLA certainly has a sizable lead, but I don't think the competitors have really put in the effort. They are now.
just. buy. the. coin.
The amount of time you've spent researching or discussing chains and other crypto funds, you could have opened a Gemini or Coinbase acct and been buying dips. The coin is where the value is.
You can literally buy $10 worth of BTC at a time if you want to.
Anyway, when we're snowed in on Monday and have an hr+ to spare, watch this video with an open mind. I've encouraged everyone in my investment groups to watch.
One last one.
I don't mind missing out on these crazy short squeeze runs.
But DNMR, which makes biodegradable plastics and I mentioned not long after it's spac merger? That is one I should have gotten in on. Up about 100% in a couple weeks.
Meanwhile I'm still holding WMT which is up less then 1% since late august.
I don't mind missing out on these crazy short squeeze runs.
But DNMR, which makes biodegradable plastics and I mentioned not long after it's spac merger? That is one I should have gotten in on. Up about 100% in a couple weeks.
Meanwhile I'm still holding WMT which is up less then 1% since late august.
Your thoughts on Chainlink?
Also, is it not weird that Coinbase asks for a photo of my drivers license? I have a hang up on this.
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I never did this there on Coinbase and had an account maybe 7 years.
Why not just buy crypto on PayPal? If dealing with the couple most popular ones, if you will.
They're US exchanges and have KYC regs so they have to.
I dont own any Chainlink. A few people in my circles do. They think its sound altcoin. When people I trust have done some solid DD on an alt I usually put a little skin the game until I have time to do my own DD. The dip in BTC this week pushed my crypto spending money there this week.
I still love ELA & DCR as my primary alts.
Simply because you cannot take custody of the coin there. You want to own the coin (or how ever many satoshis of a coin you have)
Also, I've heard rumblings that there's 4 to 5 billion in BTC shorts. Given the short term volatility of BTC, I could see this being a shitshow, afte some GME shakes itsself out
My buddy said the same, I wonder if it's a newish thing as they are now being more regulated?
Tesla’s industry lead is actually shrinking. For all the hype, Tesla delivered 499,550 vehicles in 2020 and missed their target. VW, which just started putting muscle behind its EVs, delivered 230,000. I’ll say it again - Tesla is a great company but a terrible investment at these levels based on any metric. It’s stock price is absurd and is the beneficiary of the RH traders and Musk effect. Elon is visionary and deserves credit as a great innovator in history, but when it comes to the stock market he’s a market manipulator.
Come on, be serious. VW plans on producing 1.5 million vehicles by 2025. Tesla will do that in 2022. That's a shrinking lead? Wanna guess what Tesla's 2025 numbers will be?
Missed deliveries? By 50 vehicles? During a global pandemic with 2 factory shutdowns?
You're a clown
80% of my crypto portfolio is the coin (BTC and ETH) and I'm buying the dips (via the trusts
). I'm also looking for some low priced bolt-on support companies. Those can 10-20x more quickly than the coin. Swinging for the fences!I'll check out the video. Happy to keep learning.
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Walmart never caught up with Amazon either. Both things about Tesla can be true:
1. It is a remarkable transformational company and will dominate the EV market for decades to come
2. Its stock is over valued and will correct
These are not mutually exclusive.
They will never catch up. Their cars will have all the same bells and whistles as the Tesla but none of them will work properly.
You guys are really into this. 1st thing Saturday morning. There are some serious flaws to your WMT vs AMZN vs TSLA comparison. The main reason is that AMZN is not just a retail company. It’s a line people used to justified TSLA stock price. But the problem is TSLA doesn’t have AWS. Here is a good visual breakdown of AMZN revenue. WMT actual did a great job getting back the retail market share after losing ground to AMZN. I like to see TSLA put out a breakdown of their “other” businesses.
FYI. I’m on here looking for weather info.
EVs are simple, mechanically. That’s in great contrast to the ICE, wherein developing a single engine takes significant time and capital.
That’s why copycat EV brands are sprouting up like weeds.
The great differentiator between brands will be the software and data sets they run on as well as the GUI. TSLA has a significant lead here.
Not saying it can’t be done, but I wouldn’t put money on the Big3.
That’s why copycat EV brands are sprouting up like weeds.
The great differentiator between brands will be the software and data sets they run on as well as the GUI. TSLA has a significant lead here.
Not saying it can’t be done, but I wouldn’t put money on the Big3.
Coinbase has terrible reviews on the app store. Lots of complaints about hidden fees and zero customer service. I'm looking elsewhere
True.
The current EV battery market is supplied by LG, CATL, and Panasonic. If everyone is using the same cells, why is Tesla's battery technology and efficiency superior? What the "competitors" lack are the big engineering brains of Tesla. Huge overlooked advantage. And once again, that lead continues to grow.
Where do the best engineers want to work?
And what happens when Tesla starts using their own cells which are superior in range, energy density, power, charging speed, and cost compared to the 3 current suppliers? Which of the "competitors" are making their own cells? None. Which of the "competitors" have plans to make their own cells? None.
Right, the competition is coming.
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