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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

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I sold on both dates to spread the capital gains bill over two years. I don't normally recommend timing sales for tax purposes but, in this case, it coincided with my belief that the top could probably not go significantly higher.

It was also Y2K, LOL! A lot of people were actually seriously concerned about that even though a rational analysis showed it wouldn't be anything more than a few sporadic but inconsequential minor glitches.

Listen, we all know about your Qualcomm and Microsoft boomer investing glory, but it's time to let us borderline GenX/Millenial have the spotlight.

I bought Lucid stock pre-merger (formerly CCIV) and 5x'd it in 3 weeks. Sold it exactly the day before it crashed.

Moral of my story: When a stock is worth 100 billion before even producing a single vehicle, sell it.
 
It was also Y2K, LOL! A lot of people were actually seriously concerned about that even though a rational analysis showed it wouldn't be anything more than a few sporadic but inconsequential minor glitches.
It was the end of the world! Until January 1, 2000 when it wasn't...

We did have a nice New Year's that year in front of the fireplace though... fond memories...
 
OT: I have the same conviction with Snowflake. Lets see if it pans out.

There are a lot of companies that will have wildly profitable returns that can't pass my criteria for having a very low probability of greater than 50% loss. It's very hard to identify that when it depends upon largely unknowable future events which is why "going all in", more than 50%, should probably be a very rare thing to not be considered a desperation move.

Hindsight is 20/20.
 
Just to illustrate how amazing Telsa's growth is -

Nio grew Aug sales by 86% YoY. Sounds good and all, right? Well in a vacuum, it is.

But Tesla grew Shanghai sales by 74% YoY..........at 7X the scale of sales.

When you actually do the proper math.......Nio fell way, way.........way behind Tesla's actual growth rate. Just for Nio to be keeping pace, they would have needed to grow sales to the tune of 400% YoY.

.......Good luck Nio (and competition)


Blast from the past (2021):
Tesla China’s August numbers are in, and they show that Gigafactory Shanghai is hitting its stride as the company’s primary vehicle export hub. As per data released by the Chinese Passenger Car Association (CPCA) on Wednesday, Tesla exported 31,379 vehicles in August from Gigafactory Shanghai. Together with domestic sales of 12,885, Tesla China effectively sold a total of 44,264 vehicles in August 2021, an increase of 34% month-over-month.
 
Can you guys tell me if this maps/chart is accurate? Some fossil head sent this to me with a comment, "You can clearly see a pattern of coastal elite vs Americana".

I don't think this chart is accurate. This is not ownership density (Teslas/per 1000 citizens), but total Model 3s in a state. I remember seeing another table that had FL & Texas as No. 2 & 3 close to each other.

1662061001531.png
 
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Listen, we all know about your Qualcomm and Microsoft boomer investing glory, but it's time to let us borderline GenX/Millenial have the spotlight.
I want the younger generations to have all the success they can muster and, if I can help out, even in a small way, that's good.

But what I see is disheartening. What is so difficult about a long-term focus? Even as a 30 year-old I could see that was the best path but all I see today is a focus on the day to day ticker and whether we are in a recession, about to enter a recession, coming out of a recession or other unknowable things like up down or sideways, all of it noise to the bigger picture, the picture that can make you wealthy, not in 3 months, not in one year but over a multi-decade period with a steady and thoughtful hand. It's called 'investing'. Because nobody knows the micro-movements of the economy in advance. Whatever happened to investing and not giving a flying F*** about market spasms and financial media "wisdom". That's not how fortunes are made, worrying about unknowable things.

Problem: I don't control the narrative and those who do, have the upper hand.
Solution: Don't let them control the narrative. Ignore them.
 
Can you guys tell me if this maps/chart is accurate? Someone fossil head sent this to me with a comment, "You can clearly see a pattern of coastal elite vs Americana".

I don't think this chart is accurate. This is not ownership density (Teslas/per 1000 citizens), but total Model 3s in a state. I remember seeing another table that had FL & Texas as No. 2 & 3 close to each other.

View attachment 847943


Anytime I see a non "per-capita" graph:

e49.jpg
 
Can you guys tell me if this maps/chart is accurate? Some fossil head sent this to me with a comment, "You can clearly see a pattern of coastal elite vs Americana".

I don't think this chart is accurate. This is not ownership density (Teslas/per 1000 citizens), but total Model 3s in a state. I remember seeing another table that had FL & Texas as No. 2 & 3 close to each other.

View attachment 847943
I see no use for this aspect of Tesla numbers in each state. Noone is going to redistrict The House of Representatives using it. It provides nothing usable in terms of acceptance or density.
As to your "friend/idiot", the movement(density) of the population of the USA towards seashores would predict such a graph. Another aspect is the poorer a state the less likely it heavily-populated as well as those poor consumers ain't able to buy a tesla.