This should be a shock to no one here. Especially long term investors.
There has been lots of nonsense tossed out by the media lately, or by bears or even members here armchair quarterbacking and attempting to read between the lines and second-guess the greatest entrepreneur the world has ever seen.
I’d like to suggest an observation that some people are truly unconsciously letting themselves get influenced by that nonsense.
People think Tesla’s going to stop making cars or Superchargers? Really? Who will carry on the mission of transitioning the world to sustainable transport? GM? Lucid? Do you think Elon believes China’s going to flood the US with BYDs?
Superchargers are the standard in North America. People thought Tesla was going to just abandon them?
People need to relax and stop letting themselves get pulled into the media’s bubble of high school gossip. Like take a serious 500mg chill pill.
The media makes money by being dramatic. Elon is often not great about being clear in his posts. He never has been. It is our job to recognize that and recognize that reality will not be as dramatic as the media has painted it to be.
As a consequence, it is unwise to make investment decisions on knee-jerk reactions to rumors, gossip, and reading between the lines.
The work ethic and corporate culture at Tesla that has put them miles ahead of competitors did not arise out of a lazy and easygoing CEO. And this comes from someone who has been closely watching the company evolve since the Roadster days.
Elon is still Elon. He is damn determined to make every car electric and spread solar and battery backup everywhere.
It’s shocking to me that Tesla can now see the end of the tunnel on this massive share price kickstarter (FSD and even Optimus) and people are talking about selling NOW.
These catalysts are not far off in the grand scheme of things.
^^^ This ^^^ times three thousand.
I will say, I let myself be carried away by the overreaction to the SC layoffs ... by finally completing my TSLA -> Roth IRA stuffing for the year (basically a long-term bet that helps with taxes on expected long-term profits). That layoff, a definitive (and yes initially frightening) move is a "put your money where your mouth is" sign of confidence that FSD end of tunnel is in sight BY THOSE WHO HAVE THE DATA. A move like that is so much more than the Elon tweets over the years of "11.x is awesome". He never trimmed the Tesla sails this dramatically after any of those tweets. And as mentioned before, surely the Board must have signed off on support of that layoff.
For those who the FUD has gotten to this year ... have we forgotten Tesla warned us 2024 would be a low revenue year, between planned growth waves? The advances we have seen in 2024 have already outpaced my tempered expectations for the year. Yes, car sales will be slow. Yes, SC expansion will slow (but not stop as current evidence already shows).
Elon has the information to make these dramatic decisions. We ... do not. Best I can tell from the outside, Elon and the Board hit it right on many, and fix their misses as fast as possible.
I really wish (for my own personal timing reasons) that 2024 was the bonanza year, but I ain't sellin' now.
Emotionally, it is tough with all the FUD, but those who have most of the world's cash and whose oxen are being gored right now, see their oxen heading to the slaughterhouse when the battery glut, redesigned Model 3/Y, and/or Unboxed model come together, with FSD online ... those folks are raising the FUD level to 11. And as most of us know, Elon is their best attack surface, and his use of X and the ambiguity that provides feeds the FUD. That is nothing new, but we forget it at our financial peril.
Thanks for your great post,
@Todd Burch !!!