OK, so I looked it up. My ten bagger for my first 100 shares is at $407.80. I'm hoping I get to see that today.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
We purchased the acceleration boost yesterday evening. $420 secured for the holidays, I hope!
Runarbt
Active Member
Sure, when Tesla hits 20k I totally agree with you. Time to sell. Now? Just gettin started - 5years stand still to catch up to.
StealthP3D
Well-Known Member
- Checks out the service centre with an old car (early-production Model S with low mileage), which was having a clunking sound. Surprised that they have no public charging there. Was offered a loaner, but declined it.
- Took autopilot there and hated it, thinks it's dangerous (he's always hated AP)
- Spends a long time discussing fixing a crashed Tesla and the various things they had to do.
- Talks about the picture of Elon fixing his first car with parts from a junkyard. Asks for sympathy for people working on Model 3s using junkyard parts
In particular, notes that he's working on the window glass in the picture - wishes Tesla would offer window glass inserts. Notes that you can order some parts online now, "some parts you can, some parts you can't" and "it's kind of random".
- Notes that Teslas are actually very repairable, and how things went really smoothly and easily. That said: "I don't think we're going to turn into a Model 3 repair shop any time soon."
- Briefly mentions Tesla's legal council leaving. Says he wish Tesla would fire the whole lot of them.
- Talks why he's stopped focusing so much on home solar energy storage now, and not EVs (vs. when he started). In general about what he does. For most people: "Generally, if you see me doing it, you can't afford it. And by the time you can afford it, I'm not doing it anymore." His market is early adopters, the leading edge. He tries to stay ahead of the curve on new trends; by the time they become "mass market", other players can outcompete him and he moves onto other things that haven't been as mainstreamed yet.
- "The utilities are not your friend." Talks about utilities fighting against rooftop solar, and for how it's in their best interests that you use as much power as possible, not little.
- Starts talking about the PG&E bankruptcy / fires, with a reference to another person's analysis on Youtube (Juan Thomas). $25B losses for PG&E in its bankruptcy settlements, and PG&E's chronic underinvestment in infrastructure - to the point that on the line that caused the Camp Fire, they were only "inspecting" the lines by helicopter (e.g. they can only see whether the wires are still attached or whether they've fallen off), allowing the C-hooks that held up the wires, after half a century of banging around in the wind, to get worn through.
- Problem is, PG&E doesn't have this kind of money to pay out its settlements and fix its infrastructure. The money for this sort of stuff isn't going to come from investors - who wants to just throw money at PG&E right now? The money is going to come from ordinary ratepayers.
- And while this is a PG&E problem right now, there's been chronic underinvestment across the US. What's happening in CA now will happen elsewhere unless things change. And you'll be the one stuck with the bill. If this isn't the future you want: you need to be looking at home solar and storage, alongside efficiency improvements (such as geothermal climate control) that allow you to get by on a smaller system.
- Thinks one of the most undervalued things about Tesla is its potential growth in the home solar+storage market. Sees the destination as being, yes, your "power plant" is a bit chunk of the cost of your new house whenever you buy a home. But you own it, and everything it generates. Still sees the the need for a "grid", but it'll be a smaller, simpler layout focused on backup rather than primary power delivery, and with rates negotiated instantaneously between numerous end users and producers.
- Love Jack's phrases. In regards to uncertainties with system pricing: "You can't nail a jello rattlesnake to the wall, it kind of crawls around."
- Goes back to discussing the (old) Model S they had fix at the service centre. They fixed the drive unit under warranty, but wanted them to pay for the (out of warranty) driveshafts. According to Tesla, that the problem they were having actually was the drive shafts, not the drive unit - the drive unit was only replaced because it was one of the original, defective drive units. Jack's take is that he's not mad about the outcome, but somewhat peeved, as he's not entirely convinced that the problem was the driveshafts; he thinks it was the drive unit.
- Goes back to the car they fixed. Again, they love the car's easily repairable, modular design... but offset by the hit-and-miss as to what parts you can get new / access to diagnostics / etc. Wants them to set a new standard in ease of repair by third parties - and thinks it can even be a revenue source for Tesla. Car diagnoses which part is wrong, and if you have a repair shop (or yourself) set, it automatically orders the part and has it delivered.
- Thinks people make too big of a deal of HV power risks during repair. Yes, they can be dangerous, and yes, they can kill you, but even when you mess up, it's not like it's an instantaneous death sentence. Jack mentions that he's been bitten by HV power from EV batteries three separate times. But he's much more likely to have such a screwup because he's always doing unusual things rather than just basic repairs.
Thanks for the summary! I thought I was going to have to watch that.
Can I call you Saint Karen now?
Yeah, and I can't express how sad it makes me that my "SP is being capped" post is now obsolete... lemme just use some of this money to wipe my tears!
$554
just around $100B cap
...not sure if that is any sort of mental barrier but I'd think it could be for headlines maybe?
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Someone just can't wait till 2021
Todd Burch
14-Year Member
Can we observe a few minutes of silence - 5 mins (no posts) ... for crossing 400
But what about the other stock that crossed 403?
(This is a reference to the impeachment vote yesterday. If you don't get it, it's ok. I'm not offended. Just move on
).
powertoold
Active Member
Makes sense, Tesla is confidently heading towards a $5 billion yearly net income. $100 billion market cap is around 20x multiple.
Mars ☰mperor
Member
I'll try to make it to 420 posts soon!Don't stop posting now!
Hard to go back on TMC to search for post. Will join too.
I think this can be a fun "flash mob" and could make Elon smile if he notices there's 420 buy wall. We'd need more people for that obviously, maybe advertise on twitter
JRP3
Hyperactive Member
OT:
He was talking about the drive in the Model S to and from the service center, I don't think they have the Model 3 insured or licensed for the road yet since they just rebuilt it.
I think it will take a joint effort between retail and institutional longs.
Mars ☰mperor
Member
In about 3 months the SP went from 220 to 402 (still counting) while there are still 25 Million shared shorted....
Ihor Dusaniwsky on Twitter
Gin-Peach-Mint Cocktail on Twitter
Ihor Dusaniwsky on Twitter
Gin-Peach-Mint Cocktail on Twitter
I love that the shorty manipulators are just getting swamped with buy orders.
Look at that volume.......... 5 million shares in the first hour!
Look at that volume.......... 5 million shares in the first hour!
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