Ok, everybody take a breath & watch Rick Santelli just about choke on his mic when the nice young investors tell him they are long on TSLA. Man, what a joke. Surprised he stopped before shouting that they should be all in Exxon or BP if link doesn't work, it's the segment titled "Santelli Loves Natural Gas" (today) mar15 Santelli Loves Natural Gas - CNBC Doesn't play on my device, is it the right one?
Thanks, I knew someone would rescue me. the clip doesn't seem as "bad" as when I saw it live this morning. He's perfectly nice to the kid, just gives him the same old "battery would always be dead" crap along with a side of "I'm too stupid to charge it" Lame. re: this thread, we'll get half of it back on Mon.:wink: re: re: thread moved from TSLA short term price movements. (Since I didn't say what "it" is, I'll be correct tomorrow, that is, unless "it" drops some more!)
Oh man, that was great. I'm thinking the guy is long "nat gas". The student made a clear, concise case for TSLA (that makes the reporter's previous segment look kind of silly) and his best counter was "what if my kid gets appendicitis at 3 am and I forgot to plug my car in?"
"Out of the mouths of babes", older folks are often stunned by wisdom. When Rick was a trader at the CME, I would interview him on our Chicago based "Stock Market Observer" TV show. Back then he had not yet developed his "shtick", as our station owner would have called it. CNBC apparently encourages him to speak in a passionate manner that's in sync with the channel's sponsors and core audience. Commercial sponsors are the lifeblood of TV operations. Tesla advertises nowhere.
I don't even get his point. Batteries forget to get charged? How many times would you forget that before you never did it again? Something about battery management? Cars don't have computers on them like a laptop does? ???
Related thoughts: in a perfect world, wouldn't Rick S. want to see everyone's stocks increase in value everyday? And is it lost on him that, on a national (global!?) scale, more & more of the electricity we use to do things like charge batteries, is being generated by. . . .you guessed it - Natural Gas! If HE doesn't want some TSLA (or a Tesla), fine, but grasping at straws for excuses as to why WE shouldn't, sounds pretty weak to me. ML
Did this guy short the mobile revolution because had he forgotten to plug his phone in, he wouldn't be able to call 911 at 3am?
"What if my kid gets appendicitis at 3am and I didn't fill up my ICE that evening because I was too tired, in a hurry, etc. and I was just going to fill up the next morning?" FWIW - I do that A LOT :redface:
Here is a link that works and does not require flash. Mizzou Students Love Tesla - Rick Santelli Loves Natural Gas on Vimeo
Totally. FWIW, I did run out of gas on my old ICE after the fuel light stopped working, but I've never brodered my S. I hated going to gas stations so would wait as long as possible before filling up again.
The scenario he presents is another example of a fundamental misunderstanding that is way too common. That is, that every EV driver returns home with a completely dead battery every day, and that once parked, the car is going nowhere until it gets a looooong charge. This wrong assumption is evident in the often heard, seemingly innocent question, "how long does it take to charge?" Btw, my answer is "a few seconds, just plug it in." But what the question implies is a completely drained battery, which we almost never have, especially in a Tesla! How far does he live from the hospital anyway?!
"Faster than my cell phone. And charge lasts longer too..." (The latter isn't accurate for me, but it is for those that don't turn on battery miser or whatever it's called.)
I'm no financial wizard, but the "I need my car fully charged when my kid's appendix bursts" stock analysis is pretty weak.
Those kids should call up Santelli and laugh at his face. Maybe send him the Consumer Reports review and their portfolio performance for this month as a joke, make him look like a complete moron.
