curmudgeon
Member
Its all change today, from a peak of about 960 yesterday to mid 700s now...
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Missed the rise
- Thread starter philgods
- Start date
I think the summary is I may need to actually get an accountant. I cannot complain about my pay, but paying 60% of every £ earned to the tax office just seems a bit mad. Especially every extra £ earned equates to a more stress, more responsibility, longer hours, so what the incentive to work harder once you hit the £100K barrier?
Anyways, good to see people have made money from Tesla, the company has major issues but the products are fantastic.
One of the major issues right now is a sky high valuation. May be out to good use by funding a new gigafactory (Texas), or May end up by people saying “yeah, it was just a bubble”.
Ps, definitely sounds like an accountant may help you out.
A good accountant will always save you more than they cost you!
Rooster6655
Active Member
Yes I agree this is true for most people who aren't interested in teaching themselves or researching!
Rooster6655
Active Member
Well the key point for the ISA is that if you put £20k a year away in to it then it soon mounts up and you don't pay gains on the money in that account but you are free to take the money out when you wish.
If you intend to trade stocks/funds or already do outside of an ISA then this is really a good option especially as you build up your ISA funds every year.
Rooster6655
Active Member
Nio is not looking good at all, their share pricing is based on just surviving right now.
i think google or Apple will be the better option lol
MrBadger
Badger out
Rooster6655
Active Member
It's at the point now where its just gambling whether you're long or short as the valuation of a 130b company does not reflect how the company acts and deals with customers, they delivered under 400k cars this past 12 months and can't cope with the service centres. When this amount gets unto 2m a year, I am really concerned how they would cope and what sort of customer experience people will have.
The reason I lost faith in the stock was due to the way Tesla dealt with my delivery and day one issues, never mind trying to get hold of them about anything other than your delivery date. The cars are great but this isn't enough if the car isn't supported with an equal level or service otherwise people will choose crappier cars where they get better treatment.
The range the stock can be reasonablely valued at assuming growth rates from 30% per year upto 60% per year is messive. Most Tesla owners recommend them to other people. Hence I am still long, but losing my investment will not destroy my life and I am happy to be invested for 5 to 10 years.
Rooster6655
Active Member
Without new models I doubt the growth rates will be hitting close to the 60% per year growth rate, just look at the S/X sales, its gone from an estimate of 100k a year to "We just make it for sentimental reasons" -Elon
Yes model 3 has been popular so far and model Y is likely to follow the same way but the company will require these sales EVERY year and any falls in sales will affect their valuation a lot.
If the price dips in the future I'd consider buying shares, the fact that the company has had so much exposure and interest in its shares means that we are unlikely to see previous lows of last year again unless something very bad were to happen
jimbo_hippo
Member
MrBadger
Badger out
Not such a major trump card. MobileEye are collecting data at rate of 6 million km per day from their fleet of MobileEye equipped vehicles.
38:20
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