$NKLA?This once happened to another stock of mine before but the crazy thing it didn't recover and next day traded at 0% gains for the day.
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$NKLA?This once happened to another stock of mine before but the crazy thing it didn't recover and next day traded at 0% gains for the day.
Yahoo didn't show that. Nor does Morningstar.For a short period the AH chart showed Friday’s closing price, so that looked like a drop of 18.99 points, after today’s 18.99 points rise.
April 26th we closed at $738 and proceeded to announce insane 1Q earnings. Then an insane 2Q with Tesla on track and coasting to something like 80-100% growth for 2021. Now 4 months later we're closing the Monday before Labor Day at $731. P/E ratio is around 350-400 with about 6-8 quarters worth of reporting 80-100% y-o-y growth clear as day on the horizon.
Seems completely rational and organic.
A heads-up: Remember that Senator Warren announced about 3 weeks ago that she was going to push hard for US corporations - most specifically the Big Boys - to be taxed on their so-called “Earnings Reported to Investors”, ie., book value profits, at a 7% rate for such profits over the first $100MM. This is effectively the same as the “real corporate profits tax” portion of her Presidential campaign.….This creates maximum shareholder value as it funds growth opportunities ===>instead of a large corporate tax bill<===. Of course, the money has to be productively invested but Elon has a very good history of that.
Wait how does the Taycan become a full size car when its smaller internally than a model 3?Ready for a laugh?
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So does this mean that, every time FASB changes GAAP standards, it redefines taxable income for corporations? That would be weird to give such authority to a non-governmental organization.A heads-up: Remember that Senator Warren announced about 3 weeks ago that she was going to push hard for US corporations - most specifically the Big Boys - to be taxed on their so-called “Earnings Reported to Investors”, ie., book value profits, at a 7% rate for such profits over the first $100MM. This is effectively the same as the “real corporate profits tax” portion of her Presidential campaign.
I have zero opinion on whether such a proposal has legs either now or in the near years to come but I’d suggest we ignore such a possibility at our peril.
It would actually be rather difficult for Tesla to reduce profits in the near term while production of cells and cars are constrained (as there would be no point lowering cost of cars or energy products - it wouldn’t increase unit sales at all). Any cash they use for capex projects generally doesn’t impact Net Income either until those new assets start being depreciated.I expect Tesla's gross auto margins to continue to surprise to the upside as volumes also increase but I take Elon at his word when he warned against huge bottom line profit in favor of re-investing the profits in faster growth and new initiatives. A climbing share price should result in the P/E ratio remaining very high. So, not much conceptual difference from what Amazon did. This creates maximum shareholder value as it funds growth opportunities instead of a large corporate tax bill. Of course, the money has to be productively invested but Elon has a very good history of that.
Great news.
Elon just tweeted 'Beta 10 coming soon!'
So guess it's pretty sure it'll come Friday at the latest.
Ready for a laugh?
Best Electric Cars and EVs for 2024
Buying an electric vehicle is a major expense, so you need to get the right one for you. CNET breaks down what to look for and rounds up the best EVs.www.cnet.com
Good old AW...did his head explode yet?How it started:
View attachment 703364
How its going:
GM temporarily stops making the Chevy Bolt after latest recall
A nearly $2 billion effort to swap out batteries is underway.www.theverge.com
They left out the “Q” in the headline.How it started:
View attachment 703364
How its going:
GM temporarily stops making the Chevy Bolt after latest recall
A nearly $2 billion effort to swap out batteries is underway.www.theverge.com
Yahoo didn't show that. Nor does Morningstar.
... and wait, no Model Y anywhere on the list?Wait how does the Taycan become a full size car when its smaller internally than a model 3?
Notice the fine print "Roadshow editors pick the products and services we write about. When you buy through our links, we may get a commission."Ready for a laugh?
Best Electric Cars and EVs for 2024
Buying an electric vehicle is a major expense, so you need to get the right one for you. CNET breaks down what to look for and rounds up the best EVs.www.cnet.com
I did a search for "Tesla" on the full list (linked from that page) because I knew it was going to be near the bottom. What I didn't expect is that "Tesla" was mentioned 35 times throughout the page. It was car after car comparing something or another to Tesla. Runner up, ya right...Notice the fine print "Roadshow editors pick the products and services we write about. When you buy through our links, we may get a commission."
Ready for a laugh?
Best Electric Cars and EVs for 2024
Buying an electric vehicle is a major expense, so you need to get the right one for you. CNET breaks down what to look for and rounds up the best EVs.www.cnet.com