Elon is trying to educate a few more Democrats besides Bernie, so that hopefully the whole idea about taxing unrealized gains never comes up again. It seems that some of them aren't capable of understanding basic economics without a demonstration.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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Sunvalleylaw
Member
Well, just talked to the guy that manages my funds, and found out the process for getting set up to get started, and watching for when I want to get in for a few shares to get started. Long term view for sure, and won’t worry about a few bucks either way. Gonna do a little reading to see what I think is a good value for a share discounting for hype and emotion in either direction, as part of a small portfolio with five or six other mostly tech/PNW-ish stocks involving the usual suspects held by my more wealthy investor friends.
It's gonna be interesting, to say the least. I think everyone will have the same strategy, as it's clearly pretty black and white if you take Elon's word, and considering he stated that he'll abide by the Twitter poll, I think he's going to do exactly that. There will be a stampede of buyers when he nears his 10% target.
2daMoon
Mostly Harmless
No, the main question is, how tightly will the spring be wound by this, and what happens once it is released?
HODL
petit_bateau
Active Member
The answer is a combination of wnd and solar. My calcs give the following global result under the most realistic optimistic case I can envisage (this takes into account O&G reserrvoir depletion, max build rates, etc):
This aligned with some day-job work on electrical energy grids and global (all-energy) growth.
(Edit: this was a quickie I did back in about 2018. It is on my list to review it next year. But I did notice that the IEA came to similar conclusions as me in their report earlier in 2021 that they did for UK Gov in advance of the COP-Glasgow session)
Todd Burch
14-Year Member
Are you asking me to defend it? I agree with you.
People panicking and moaning again
Elon was always going to sell these shares so he can pay his tax bill. It makes sense because the feeling is that the market has topped out, maybe not for TSLA but yes in general and Elon doesnt want to spend all his days worrying about the share price, he has better things to do. I advise that people take Elon's lead
I sold 750 shares between $1,100-$1,250. I've now bought half of them back. If TSLA goes any lower, I will buy them all back.
These shares are a bargain compared to a few weeks ago, and expensive compared to a few months ago. But mid to long term, Tesla as a company is creating tons of value, so dont worry about it. But also, dont leverage in short term unless you are asking for trouble!
I haven't bought new shares in a while. This is getting plenty tempting.
I'm fine with Elon calling out Bernie. It's Bernie who started this by calling Elon out by name. Elon doesn't make the tax laws, the house and senate do.
I'm fine with Elon calling out Bernie. It's Bernie who started this by calling Elon out by name. Elon doesn't make the tax laws, the house and senate do.
Sunvalleylaw
Member
This is what I am working on figuring out. As you said, current price is cheap compared to a few weeks ago, and expensive compared to a few months. And I am looking for info on how to find out about the fundamentals. As I have not actually played this game before. Will keep reading.People panicking and moaning again
Elon was always going to sell these shares so he can pay his tax bill. It makes sense because the feeling is that the market has topped out, maybe not for TSLA but yes in general and Elon doesnt want to spend all his days worrying about the share price, he has better things to do. I advise that people take Elon's lead
I sold 750 shares between $1,100-$1,250. I've now bought half of them back. If TSLA goes any lower, I will buy them all back.
These shares are a bargain compared to a few weeks ago, and expensive compared to a few months ago. But mid to long term, Tesla as a company is creating tons of value, so dont worry about it. But also, dont leverage in short term unless you are asking for trouble!
Moving forward, going to stay out of the Elon vs. Bernie thing. I do think the very wealthy need to pay a greater share toward our infrastructure, and things society needs. I have said elsewhere, more akin to the Eisenhower years in effect. But modernized for how markets and things work now. Not saying Bernie has the right idea of how to get there. To me Twitter yelling back and forth is just noise. Bernie is not getting anything like what he is yelling about passed any time soon, if ever. And the 2-3% or 10% or whatever might not be the right approach anyway.
I don’t love the twitter show on either side, and don’t think Elon helps anyone by engaging in it. Except maybe a guy like me who wants to get into a few shares at a lower price.
The woke mob doesn't own TSLA. But a fair number of pensions do, including those of unions.
The woke mob is loud, but small. In order to get anything done, the mob needs allies.
I really fail to see how some can make some mental gymnastics and claim Elon is “hurting the shareholders”.
Is it probably because them “shareholders” are actually only interested in the short term, probably options players that are getting burned now because of this?
Is it probably because them “shareholders” are actually only interested in the short term, probably options players that are getting burned now because of this?
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MTL_HABS1909
Active Member
Exactly. Pensions that people will see evaporating before their eyes because Elon thinks he’s proving a point. You think the people affected by this will view TSLA/Tesla in a good light?
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There are lots of great YouTubers who talk about the fundamentals. Tesla Daily and SolvingTheMoneyProblem are very good or if you are feeling very bullish Warren Redlich. But basically read everything you can get your hands or eyes on, and do the calculations yourself.
All outcomes are possible. At the two extremes
1. The competition catches up with Tesla or puts pricing pressure on their cars, and Tesla struggles to scale up energy or release robo-taxis. Tesla ramps up cars well to become no.1 car manufacturer by end of the decade selling roughly similar to Toyota now. In this scenario Tesla will do well to match the S&P 500 over the next 10 years
2. Tesla gets to 20m sales annually by 2030 with at least 25% margin accounting for 1 in 4 new cars, ramps up energy and own batteries, semis and solar roofs, and robotaxis go live by 2025. If this happens TSLA will probably 30x again from here!
Still up 25% from a month ago...
MTL_HABS1909
Active Member
Krugerrand
Meow
He hasn’t harmed you or the mission in any way. Have a little perspective and work on changing the negative narrative you like to nurture in your head.
larmor
Active Member
VW's appeal on emissions tampering is rejected, VW is down 1%. Elon sells stocks/options/what have you to fulfill tax obligations and to answer critics of billionaires and TSLA continues trend down.
LightngMcQueen
Aspirationally Rational
I think that if it wasn't for falcon wing doors there would have be 3 Teslas on that list
I think he will be proving his point rather effectively.
Musk owns about 20% of Tesla, so if he sells 10% of his shares, that will be 2% of Tesla's shares sold. The wealth tax proposals floating around are 1% or 2% or 3% per annum of only publicly-traded wealth. So Musk is demonstrating what those proposals actually mean for the markets.
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