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

[Tachyon]

Posting stuff like this without the simplest of searches is a favor to no one. Let's take a look at real numbers.

Country or subnational area	Number of millionaires	Share of global millionaires (%)	Percentage of millionaires (% of adult population)
United States *	25,580,000	39.1	9.7
China *	6,190,000	9.4	0.6
Japan *	3,366,000	6.5	3.2
United Kingdom *	2,849,000	5.3	5.4
France *	2,796,000	4.4	5.6
Germany *	2,683,000	4.4	3.9
Canada *	2,291,000	3.0	7.6
Australia *	2,177,000	3.2	11.2
Italy *	1,413,000	2.6	2.8
South Korea *	1,290,000	2.0	3.0
Switzerland *	1,152,000	1.9	15.5
Netherlands *	1,149,000	1.9	8.5
Spain *	1,132,000	1.8	5.9
Taiwan *	869,000	1.8	4.4
India *	796,000	1.2	0.08
Hong Kong	632,000	1.0	15.3

This is so funny .
These numbers don’t mean anything .
Most people in India don’t like to declare their wealth .
You have to be there to see it first hand and then you will believe it .

 

[GOVA]

This is so funny .
These numbers don’t mean anything .
Most people in India don’t like to declare their wealth .
You have to be there to see it first hand and then you will believe it .

Meh, what's funny is that a millionaire means nothing nowadays. What's a mil in 2023. LOL.

 

[betstarship]

Meh, what's funny is that a millionaire means nothing nowadays. What's a mil in 2023. LOL.

More wealth than 90% of the world.

 

[Krugerrand]

Someone with the skill, please geo-locate this photo. Then the planning can begin....

Are you sure it’s not some random picture from a picture frame in Wally World?

 

[Unpilot]

Someone with the skill, please geo-locate this photo. Then the planning can begin....

Already done...the cat is doomed.

 

[Artful Dodger]

I'm also missing Vulgaria from the list, it's a sham!

Yeah, and Sweden in No.3 in growth?! Come on, everyone ones that the whole country is on strike. /s

 

[CHGolferJim]

Posting stuff like this without the simplest of searches is a favor to no one. Let's take a look at real numbers.

Country or subnational area	Number of millionaires	Share of global millionaires (%)	Percentage of millionaires (% of adult population)
United States *	25,580,000	39.1	9.7
China *	6,190,000	9.4	0.6
Japan *	3,366,000	6.5	3.2
United Kingdom *	2,849,000	5.3	5.4
France *	2,796,000	4.4	5.6
Germany *	2,683,000	4.4	3.9
Canada *	2,291,000	3.0	7.6
Australia *	2,177,000	3.2	11.2
Italy *	1,413,000	2.6	2.8
South Korea *	1,290,000	2.0	3.0
Switzerland *	1,152,000	1.9	15.5
Netherlands *	1,149,000	1.9	8.5
Spain *	1,132,000	1.8	5.9
Taiwan *	869,000	1.8	4.4
India *	796,000	1.2	0.08
Hong Kong	632,000	1.0	15.3

Source? 10% of US citizens over age 18 are millionaires, doubt it.

 

[Buckminster]

Another Colas interview that came out 4 days ago.

 

[betstarship]

Source? 10% of US citizens over age 18 are millionaires, doubt it.

Best source says 18% nowish

How Many Millionaires Are There in America? - DQYDJ

See how many millionaires and decamillionaires there are in the United States. We explore $2, $3, $4, $5, $50, and $100 million net worth as well.

dqydj.com

 

[Artful Dodger]

As we approach the end of the year, I'm thinking of the quote from the Tesla sales guy (?) which I can't now find from this forum, which presaged the price drops ... paraphrased "This is the year we kill ICE". Most of you remember it, I bet. We all cheered, but now it's happening.
Tesla's massive price drops shook the EV world.

It wasn't world-wide, it was from a Tesla Europe conference, as reported by TeslaMag.de (here's the quote tweeted by @avoigt and a video from Rob Maurer)

Alex on X: "Tesla's internal slogan for the year 2023: This Year We Kill the ICE" /X

Tesla Aims For Hyper Growth | Tesla Daily (May 02, 2023)

This conference occurred before the FED did it's last rounds of interest rate increases. I think the slogan should be updated to: "The is the year JPow kills the Economy". They really, really seem to want their recession...

Since May 2nd, we've also heard that Tesla may delay commissioning the 2nd Model Y line at Giga Berlin. Some of this may be labor (supply, availablilty for ext'd hours work, costs of benefits), while some of this is supply vs demand for the vehicles in the present economy.

We do know that Tesla is pushing on with plans for Phase 2, and they will build the Gen 3 vehicle there, but it also seems that Tesla may be choosing the regular (vs accelerated) build schedule compared to Phase 1, where the construction was completed before a final permit was received, thus putting more risk (and drama) on Tesla. In Tesla's favor this time however will be the fact that they are not requesting additional water allocation for the additional production (fake Bravarian greens be damned).

TL;dr 2023 WASN'T the year.

 

[M|S|M MYP]

Best source says 18% nowish

How Many Millionaires Are There in America? - DQYDJ

See how many millionaires and decamillionaires there are in the United States. We explore $2, $3, $4, $5, $50, and $100 million net worth as well.

dqydj.com

18% of all households in America are millionaires? I wonder how many qualify if you do not include Home Values in their net worth.

 

[traxila]

Source? 10% of US citizens over age 18 are millionaires, doubt it.

Countries by number and percentage of millionaires​

* indicates links to articles on the economy of the country or territorial goods.

Numbers of US dollar millionaires by country
per Credit Suisse (2022)[3][2]

https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2022.pdf

 

[navguy12]

Posting stuff like this without the simplest of searches is a favor to no one. Let's take a look at real numbers.

Country or subnational area	Number of millionaires	Share of global millionaires (%)	Percentage of millionaires (% of adult population)
United States *	25,580,000	39.1	9.7
China *	6,190,000	9.4	0.6
Japan *	3,366,000	6.5	3.2
United Kingdom *	2,849,000	5.3	5.4
France *	2,796,000	4.4	5.6
Germany *	2,683,000	4.4	3.9
Canada *	2,291,000	3.0	7.6
Australia *	2,177,000	3.2	11.2
Italy *	1,413,000	2.6	2.8
South Korea *	1,290,000	2.0	3.0
Switzerland *	1,152,000	1.9	15.5
Netherlands *	1,149,000	1.9	8.5
Spain *	1,132,000	1.8	5.9
Taiwan *	869,000	1.8	4.4
India *	796,000	1.2	0.08
Hong Kong	632,000	1.0	15.3

I wonder if that is liquid assets or all in (such as including the assessment for an owned house).

Edit: @M|S|M MYP beat me to it.

 

[lafrisbee]

to those who find it so interesting that someone chose to create an article about how Tesla would benefit if the cyber(nota)truck was abandoned.
Do you really know how the 'net media works?

It's Clicks, Baby! I think I am one of the few that thought, "Poppycock." And passed.

 

[Blue horseshoe]

Source? 10% of US citizens over age 18 are millionaires, doubt it.

How are you going to dismiss everything people post, demand sources, and provide nothing but your opinion?

 

[M|S|M MYP]

How are you going to dismiss everything people post, demand sources, and provide nothing but your opinion?

The 10% of the US population labelled 'millionaires' does seem a little on the high side to me as well though. (I am sure home value equity have a lot to do with it)

 

[FireMedic]

We visited Santana row. I’m feeling quite confident in my investment. Thanks to all.

Edit: I was hoping to see @ZeApelido aka JC, aka EM. But sadly just a bunch of other Elon/TSLA/Tesla FanMen. ‘Twas a bit of a sausagefest

 

[Artful Dodger]

Seems like once the deal is penned Tesla may be able to start by importing 3/Y from Shanghai and S/X/etc. from the U.S.?

Highly unlikely that India would grant a import-tarif abatement for MiC cars. That's their whole deal, to build a domestic vehicle industry that is not dependant upon China. More likely, it'll be MiG Model Y cars for India, just as Taiwan gets now. On the brighter side, it will help to even out the sea-borne logistics somewhat, with more car carriers returning from Zeebrugge to Shanghai with paying cargui.

 

[Artful Dodger]

More general EV FUD from Canada:

Electric car shock: Ontario man told new battery would cost more than $50,000 | Globalnews.ca

A warning light appeared on the instrument panel of Simrat Sooch's electric car, a 2017 Hyundai Ioniq. He was told he needed to buy a new battery — for $50,000.

globalnews.ca

Yeah, he prolly didn't change his battery fluid every 18 mths AS REQUIRED by the Hyundai warranty!

 

[lafrisbee]

Meh, what's funny is that a millionaire means nothing nowadays. What's a mil in 2023. LOL.

A mil means you don't have to sell your children. So I'd call that something.