Congrats on the first purchase! I definitely plan to take your approach. I actually bought a bit of digital currency following the same philosophy and have been having fun watching the value change over the years.
BMW noticed they are hemorrhaging sales to the model 3 so they decided to promise a fantasy car like the Porsche Taycan to deter buyers. We have seen this song and dance before too many times. At the current powertrain efficiency from these legacy car makers, a 350 mile range will need a 170kw pack. Sounds like a car that will cost at least 100k.
Hey, hey now. They're recycling bad news from a few days ago too. xD I always somewhat like it when the SP goes below my current stock average, since it allows me to buy more and lower my overall average. Only somewhat, because I do want the stocks to go up.
Well, if you look at the chart there has rarely been a better time to buy in during the last 2.5 years! If you use Robinhood I don't think there are any trading fees, although I'm not confident on the overall service, but probably best if only buying 1 share at a time. Ally bank (what I use) and E trade also have pretty low fees. Buy in small blocks of shares to spread the cost out. Careful, I started a year and a half ago only intending to "buy a couple". I wish I could start acquiring now instead!
Do need to be careful with those budget trading platforms. They don't charge fees, but they need to make their money somewhere. Last I heard, Robinhood makes their cut by selling your orders to high-volume traders; so if you put in a buy order at 229, they inform a partner of theirs of your order, who buys at 228.9 and sells to you for 229. It makes sense for low volume traders, but anything more you're not getting your orders filled at the best price.
Fröhlichs statements are in contrast to the official BMW statement to accelerate the BEV part and that is again a sign how split people are within BMW and that is true for many other German car companies. There is huge internal fight going on about power. As ICE sales goes down Krueger gets weaker and with Fröhlich making statements like he did people may believe its a strong leader and he knows what he talks about but its in reality pretty mich nonsense what he said. In fact if we look what he presented about BEVs to be too expensive and that's going to continue may even be true for BMW as they are not a major player in BEVs and are in a weak position about materials as well as battery supply. Also their strategy to sell PHEVs does not really work out too as consumers in Germany buy twice as much BEVs versus PHEVs. In short we should remember Fröhlichs words and repeat them over time as they show us how irresponsible certain Managers are.
Tea-leaf analysis, worth precisely what you pay for it: It's quite a big deal for Tesla to report some record numbers this quarter. If they were significantly over that mark, they would have reported the numbers today in pre-market hours, the way they did in their good quarters (Q3 and Q4 2018). The report being delayed* until after hours today or pre-market tomorrow makes me think that either a) they are really close to record numbers, and they want to confirm every delivery report from every branch, or b) they didn't get there, they know it will be spun negatively, and they're looking for a way to make the report sound positive. Releasing the report in the after hours today would indicate to me that they want to give investors time to get over the initial disappointment and see the bigger picture by next day. *I know it's not "technically" delayed, but they already have a good idea of what the numbers are.
"He has also authored eight books, including The Hero's Farewell, an award-winning study of CEO succession, and another best seller, Firing Back, a study on leadership resilience in the face of adversity." CNBC bio #Facepalm
Well there is some bad news: Boeing (BA): 737 Max Fix May Not Be So Simple, But This Top Analyst Still Bullish on Stock And because some people who own or drive tesla's would actually fly on a boeing airplane (not necessarily a 737 max), by association, TSLA would get a downgrade. But keep those upticks coming for boeing piling up huge expensive inventory-undelivered...
Former GE Exec Beth Comstock on Tesla: 'Scale is hard' Getting more and more infuriated by the lies and exaggerations, eg... “Tesla has suffered a virtual exodus at its top ranks, and its unpredictable and outspoken CEO has lurched from one public relations blunder to another”
One thing to keep in mind is that Tesla is now delivering much more cars per quarter, and delivering them all over the world. May take much longer to tabulate total deliveries than in the past. With that said, it is also not impossible that they are trying to time the release, esp given the holiday week.
There's a lot of money to be made in the churn. Sowing doubt (and perhaps adding to your own position) makes perfect economic sense, doesn't it? Robin
Just in case anyone wasn't aware of it, Jeffrey Sonnenfeld has been a reliable promoter of TSLAQ false narratives in the past, with numerous ties to Tesla short Jim Chanos and other TSLAQ figures: Jeffrey Sonnenfeld has been helpfully supplying near-malicious anti-Tesla soundbites in support of Jim Chanos's short positions for a long time, with impeccable market timing. If Sonnenfeld is in any way connected to Yale's ~$30b investment fund: Yale Investments Office "Totaling $29.4 billion on June 30, 2018, the Endowment contains thousands of funds with a variety of purposes and restrictions. Approximately three-quarters constitute true endowment - gifts restricted by donors to provide long-term funding for designated purposes. The remaining one-quarter represents quasi-endowment, monies that the Yale Corporation chooses to invest and treat as endowment." And if those Yale investments investments include auto and oil stocks, which are disrupted by Tesla, then the attacks of Sonnenfeld against Tesla might IMHO be a possible ethics violation, conflict of interest and maybe market manipulation. Is there any public information about Yale's investments, and how they are affected by Tesla?
To really be a Tesla killer, a car needs to be competitive to Model 3 (and soon Y) in terms of: price performance range charging speed and infrastructure style features (auto pilot, OTA upgrades, etc) Without all of those, it's just a car with batteries and an electric motor.