treehugger350
Member
If TSLA hits $100 I'd be very interested in buying again. Love picking up stocks after a market overreaction.
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Well it looks like the selling bots have been temporarily turned off and are no longer looking for stop losses.
I like the volume today, that's quite reassuring. I don't see any catalysts in the near term future that could change this other than the NHTSA coming out, investigating tsla and then finding out they are ok.
I love tesla and car.Yes I agree, Korea is probably right up Teslas alley as far consumers go. Can't think of another country that is as developed as Korea in regards to technology.
This is good news.
I am getting concerned about lack of promised tweet from musk. If 5.8 version was to prevent further fires why not tout that? Is he more concerned over investigation or law suits to keep quite on issues? I don't believe he should respond to every stock movement but from 180 to 125 is not just a stock movement. It could ultimately affect reputation of the car once company is tarnished
Regrettably, I've cashed out my chips earlier today for a nice gain and have decided to bank it in a couple rental properties, and a decked out P85 for January delivery.
I got into TSLA for the long term potential, and to support the move to EV. However, I've found myself disillusioned by their repeated poor performance on the public relations front. My background is PR. Anyone can get great press coverage when the news is good. But it's when companies face adversity that you see their true corporate communications chops. The bloodletting we've seen has been completely unnecessary, and any attempts by Tesla to blame the media completely misses the point. Tesla failed to take ownership over their message with the first fire. In those critical first 24 and then 48 hours they were silent. They let others speak for them, and they allowed the void of information to be filled by naysayers, negativity and the ill-informed. The ensuing panic harmed the company, not just the stock price. You'd think they would have learned from the first fire, yet they didn't. They failed again with #2, and then yet again with #3. With the accident, their PR team was unavailable for comment for nearly an hour after the story exploded online. At a time when news cycles are measured in minutes and seconds, Tesla has shown itself as a deer in the headlights. They need show themselves as more responsive, more transparent and more prepared.
The stats Elon laid out with fire #1 may have been true then, but they're not true now. By stating those odds, he set himself up for disappointment if there was a fire #2 in the near term, which there was, followed by #3. In New York, he presented more stats which were not entirely apples to apples accurate at best, and misleading at worst. He planted new defensive stakes in the ground (no one injured in the fires; no one ever seriously injured in any Tesla accident; no deaths in a Tesla ever). With those comments, he stacked more dominoes at the feet of bears and haters that the law of numbers will some day topple.
When the first fatality happens in a Tesla - it's matter of when not if - I don't have confidence based on their performance with the fires that they have a plan to deal with it. Will they blame the driver? Will we hear about the fatality from Tesla first, or will it first get discovered by the Stocktwits on Twitter? Do they have a written contingency plan to deal with it, or, like Elon said in NY, will they respond to the next crisis by first waiting and seeing how others respond?
To me, the responses to date smack of denial, bafflement or arrogance. It seemed as if Elon was miffed by the public reaction, and how dare people be so stupid to overreact. Yes, people overreacted, I don't think any of us here disagree. That's what ill-informed people do. Yes, people are stupid. Yes, the media gravitates toward the sensational. Yet his reaction, and the failure to adequately respond since (where's the imminent blog post Tesla promised a week ago?) belies a potential failure of Tesla to truly grok the implications of this negative publicity, and how to stop it. Rather than communicating more, they're communicating less. This short term publicity is causing long term harm to the company. It's harming the faith, trust and enthusiasm of their supporters. It increases the risk that demand many not always outpace production capacity.
And now we see the bungled update of 5.8, and its undocumented changes. Is the height restriction deliberate or a bug, or was it both buggy and deliberate? Why the silence? After three days, how come the company hasn't communicated such a simple message to its owners? The latest from a representative is a confirmation that there was a change made to the height settings, yet it's still not clear if it was deliberate or not. See: Air Suspension no longer lowers at highway speeds (FW update v5.8) - Page 47 - "I was just told by Tesla Ownership that while they do not have an official response from management, they have heard from engineering that (and i am paraphrasing) that 5.8 changed the way the car's air suspension works..."
By the measures above, all of which at their root are based in flubbed communications strategy and therefore self-inflicted, I have to conclude that the underlying long term value of the company I held at $190 now has a lower long term value today. As a long term investor, the long term is no longer so blindingly bright as it once was. I think the next few months will be rough. Q4's performance is likely to be muted by battery supply issues and the fire. At this point, I think it's more likely we'll see a sub $100 price than a $150 price.
I wish all the investors here the best of luck. I look forward to joining some of you as an owner soon. And if things change and my risk/reward calculus justifies it, I hope to get back in for the long term.
Personally I think his decision to remain quiet about the car fires at this point is a good idea. Just wait until the investigation is complete before publishing any information.
In New York, he presented more stats which were not entirely apples to apples accurate at best, and misleading at worst.
battery supply issues
I got into TSLA for the long term potential, and to support the move to EV. However, I've found myself disillusioned by their repeated poor performance on the public relations front.
I would agree with this if they hadn't turned off the lowering of the car. This tells me something is up. You can't just make a change like this and not explain it. What if they suddenly disabled all touch screens with no explanation?
On a separate note, I think the Model X won't be a smashing success in sales like the Model S. The Model S is a sports sedan. I'm personally (and know of others with the same opinion) not putting down $100k on an SUV. They will sell them but I don't think at the same rate of the S. The model E is where it's at, if they could only accelerate production of that car...
Regrettably, I've cashed out my chips earlier today for a nice gain and have decided to bank it in a couple rental properties, and a decked out P85 for January delivery.
I got into TSLA for the long term potential, and to support the move to EV. However, I've found myself disillusioned by their repeated poor performance on the public relations front. My background is PR.
If it was unintentional, it's a sign of very bad QA.If the change of lowering was intentional (and not a 97kph->mph bug), then it was as a response to the insane chicken littles around here...
Tesla is certainly doing a bad job at PR, but I think at its root the problem is bad failures in internal interdepartmental communications, which we've documented before. The programming department suffers from complete opacity, with the service department having no idea what they're doing.
Also, Tesla's legal department is completely, grossly incompetent -- I'd fire them all, immediately, if I were put in charge -- which is a major risk factor.
Perhaps I've been a bit more cynical than other Tesla investors already. Tesla has definitely had its share of unforced errors, and has shot itself in the feet a few times. I think the underlying technical and market fundamentals are going to make it hard for other companies to catch up with Tesla, giving Tesla a good long-term position -- but this is due to the *other companies* shooting themselves more often, and in more ways, than Tesla can shoot itself in the feet. Mmm.
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If it was unintentional, it's a sign of very bad QA.
If it was intentional, it's a sign of lack of reading comprehension skills, which is arguably even worse. Those of us in the "snow and debris belt" asked for an OPTION to keep the car high, not a MANDATORY change.
I don't see anyone buying TSLA until Tesla/Elon saying something about this. It's looking like it's going to break below $122 soon.
Congrats and goodluck although I'm sure you'll be kicking yourself 1-2 years from now for not keeping just some of your chips in.
Every bodies situation different. You might consider not taking mortgage but using original funds to go into another stock. It may not be a huge winner. Tesla very unusualI agree with a lot of what you said. Personally, I bought in with Tesla at $32 a share and have cashed out all but 1000 shares. I will keep those shares and just for posterity but agree the way Tesla has handled all of the recent news is just not acceptable. If this were Apple or another world-class company, there would be a press conference and a full explanation of what is happening and what measures Tesla intends to take to resolve the problem. I agree that the stock was probably overvalued to begin with, but the bloodshed up to this point has been mostly unnecessary.
They allow the news of the fires and a couple financial metrics to completely skew the perception of the company – some of the more important metrics like number of cars delivered and margin were seemingly overlooked.
Tesla has rewarded me very handsomely – they paid for my car and vacation house that I just purchased in cash. PS – to those of you financial wizards that are scratching your head, I do plan on taking a mortgage back out on the house and reinvesting in another stock.
For those who are calling that it's a good discount to buy, what good news can you factor in that TSLA will have in the short term? It looks like to me that it will be months until this stock can recover at the current rate of bad news vs good news.
Congrats and goodluck although I'm sure you'll be kicking yourself 1-2 years from now for not keeping just some of your chips in.