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Being an early adapter is expensive. If Tesla is successful it means the car you bought is in short order better and cheaper.I think it's interesting to pause and consider a $70k 2013 S60 when new compared to a $37k 2019 SR+. Six years down the road the SR+ is better in almost every way except interior space. That's amazing progress, and exactly what Tesla was founded to accomplish.
Actually [and I'm a Tesla owner and mega-fan], guiding for 350k to 500k production is not the same as "will build 500k". There's a HUGE difference between a range of 350k to 500k and just plain 500k - the range leaves you speculating on production - "will build 500k" does not.
Looks like $302 is close to the bottom. Remember, Wall Street is stupid. They didn't see Amazon coming either.
They are so deluded by the "Tesla is about to fail" idea that they don't yet understand the moat this will create for Tesla.
You know, I am becoming more and more convinced that the FUD campaign is just going to be an ongoing virus that will refuse to die completely...and to try is just a colossal waste of time and source of frustration. Tesla just needs to keep doing what they're doing. Eventually the facts will just be too hard to ignore and the talking heads just won't have an audience anymore. They are looking more and more foolish with every video they make and every article they write. It is only going to cost them their own credibility in the end.
Dan
I don't buy something that I think the price is wrong. Buying any new car is an instant loss of value. That is why i drive mine for ever. I don't have to worry about price changes or new features.Not that I’m complaining, but Tesla just did that to a lot of current owners. If I try to sell my LR AWD now I will be losing a ton of money....
I think it's more of a reaction to the overall price drops and the Q1 profit warning. Again, Tesla is a high-tech company with one of the most complex, most cross-disciplinary business models, and as a result it is one of the least understood stocks even among professional analysts.
The Model 3 is like the Apple iPhone all over again: huge skepticism, constant criticism and an i-Gate every couple of months.
The usual rule applies: if you agree that Tesla is undervalued and if you are comfortable with the price as it is, buy and hold. Expect pain and heartburn if using leverage or options, and expect general investors to only accept Tesla progress once the evidence starts hitting them in the face. Might take years.
But time does offer a cure, eventually: today, 10+ years after the iPhone, AAPL short interest is below 0.85%.
Then don't sell it...just sayin'. lol
Dan
My Car is a 2017 with HW 2.5. I emailed Tesla with a question about buying FSD (I did not buy when I bought the car only I bought EAP)While you might be right in the sparse semi-rural traffic of Iceland, in urban environments TACC and NoA is a godsend:
For whom TACC and NoA works on the daily commute route it's a game changer.
And that's the smaller neural networks with HW2 and HW2.5 basis. The new first generation Tesla AI chip in HW3 is already 20x faster, allowing the huge 'unified vision' neural networks Andrej Karpathy's team has already trained and qualified but which HW 2.5 can only run at ~1 FPS.
I really mean it: buckle up, you ain't seen nothing yet. If you can buy the FSD option for $3k now then I'd suggest doing it, to guarantee HW3 compatibility. HW2.5 will be in the first round of upgrades, but according to a leak that looks credible I believe Tesla will eventually be able to upgrade HW2 cars too.
So, once again Elon gives the press, the analysts, and the overall market exactly what they had wanted/been complaining about - the $35K Model 3. And, he and Tesla once again get hammered for doing what has been asked (CNBC has been ripping this move as, among other things, showing there is no demand). I get that the 1st quarter "warning" is not wonderful to the markets. But, does this really matter? It is a one or two quarter blip that will to likely lead to major long-term gains. One of the many reasons Elon probably hates Tesla being a public company (the market's desire to focus on quarter-to-quarter minutia rather than the long-term big picture).