anthonyj
Stonks
China loading up on shares
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Absolutely agree. I was referring to the running narrative that Musk allowed to go viral with ever increasing expectations over the past five years and his erratic behavior...at times.
But you are totally correct. The original ridiculous projection he made was half a a million and a Model 3 launch in 2020. Everyone talks about missed deadlines, but they missed the one that Musk moved up two or three years. And they will right on make half a million plus in 2020 with a Model Y launch!.
ZachF
Active Member
...Starlink making bank?
(Honestly, I think Starlink will be Elon's most profitable venture)
Yes q1 was an even bigger cashflow headwind with production exceeding deliveries by 14k.
Pondering... but my history just show's I'd be buying and selling around the same price. Just as easy to sit tight I guess, I can't even time the little swings! Had 2 sells today at slightly higher prices. If you ever sell, just use about $5 below my orders. Figures...
ZachF
Active Member
OT: Webcast for SpaceX launch has started
powertoold
Active Member
Sure, it's my opinion that Elon was subscribing to hyperbole. I think he could have easily said, "record on both" or similar.
And on June 13 he can't say for sure about record deliveries and production either.
ZachF
Active Member
Fact Checking
Well-Known Member
Read the quote, the production and deliveries context is clear, there's no hyperbole and he didn't project certainly either:
[timestamp 33:00]
"[Q2] sales have far exceeded production, and production has been pretty good, so we're actually doing doing well, and we have a decent shot at a record quarter on every level, [...] if not it's gonna be very close, [...] we've got a shot at a record quarter, and 90% of orders are coming from non reservation holders, so these are new customers."
"[Q2] sales have far exceeded production, and production has been pretty good, so we're actually doing doing well, and we have a decent shot at a record quarter on every level, [...] if not it's gonna be very close, [...] we've got a shot at a record quarter, and 90% of orders are coming from non reservation holders, so these are new customers."
A "decent shot at" record deliveries and production can be projected on June 13 given what he just said before it: that production is good.
The uncertainty was about whether they'd be able to execute deliveries well, which they did.
He'd have no idea about profits when he made that statement - and I commented on this at the time.
I've seen several people say they should have sold today and bought back tomorrow (or later). Easy to say with what we know now. But what if the -1.12 per share had been 0.00 or +0.50. That would have been beaten expectations and you would have been chasing a moving target. Sit tight and hold is the best advice if you are in it for the long term.
Doggydogworld
Active Member
41m writeoff of Silevo, the rest we'll have to wait for the 10-Q.
JRP3
Hyperactive Member
I sold some shares on Friday for the first time since the big drop. Looks as if I'll be buying them back at a discount.
Fact Checking
Well-Known Member
Maybe another round of pre-Raven inventory writedowns? We'll know more from the Q-10 and maybe from the call.
We are working to increase our deliveries sequentially and annually, with some expected fluctuations from seasonality. This is consistent with our previous guidance of 360,000 to 400,000 vehicle deliveries this year.
Probably the only time you should be hopping in and out of the market is if you have one of these.
it’s important to realize that musk is running a company. he has 1000s upon 1000s of people that rely on his vision and plans for execution. it’s imperative he shares their motivation, keeping them uplifted during difficult times, and displaying much deserved appreciation for their hard work. it’s our job not to confuse his exuberance for his team and their accomplishments with what WE perceive should be any impact on stock price...
it’s not always related. his point of view isn’t always long shareholders. it’s often long stakeholders.
i’m tired of hearing that he must stay quiet, or he’s not to be trusted, or he isn’t in tune with wall street.
nonsense
the shareholder perspective (many here long and strong) should be to use the market’s inability to price this stock to our advantage. and try not to be part of that inability. very hard indeed, it’s an endless learning experience.
it’s not always related. his point of view isn’t always long shareholders. it’s often long stakeholders.
i’m tired of hearing that he must stay quiet, or he’s not to be trusted, or he isn’t in tune with wall street.
nonsense
the shareholder perspective (many here long and strong) should be to use the market’s inability to price this stock to our advantage. and try not to be part of that inability. very hard indeed, it’s an endless learning experience.
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