That second one, and the tweet, is the reason I don't think he'll sell any more.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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That second one, and the tweet, is the reason I don't think he'll sell any more.
Never go full Greg.
Meanwhile in Finland, Europe. The headline of biggest commercial news service of country: "Elon Musk's Starlink is Ukraine"s secret weapon - which Russia can't do anything about 'As if from another galaxy'"
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If prices do actually come down, there will likely be strong disincentive to trade-in/upgrade across the auto industry after what has happened. We just came out of a period where people were trading in and selling used vehicles for ridiculous amounts historically, and now they'll be sitting on new vehicles bought at inflated prices while looking at declining trade-in values representing an even more massive depreciation hit than you'd expect in a normal auto environment. New buyers will come in, but people who bought during the last couple years will likely be much more inclined to hang onto what they have rather than take a huge loss on a recent buy.Demand is off the charts unmeasurable. I've been a Tesla fanboy since (I don't know when somewhere between 2008 and 2013). I still haven't bought a tesla (for various reasons).
Just a slight dip in pre tax credit prices on the Model Y and a firm understanding that I get the tax credit and I'm in on my first Tesla (in 2023?).
Prices dip more than that and I grab a 2nd Tesla shortly after.
There are millions of people like me waiting in the wings for the right time to buy. (The cars have been good enough for me all along)
And that's not counting all the existing Tesla owners that will pick up a new daily driver or trade in/upgrade from an older Tesla.
Elon can say the nicest or most reprehensible things and it won't change my desire to replace my current daily driver.
Any one that thinks demand is an issue or that what Elon says will affect demand is clearly unaware of the huge numbers of us ready to snap up a reasonably priced Tesla.
I fully expect prices to drop when Austin Texas is pumping out full capacity, I also expect demand to be robust enough that the price drop will be minimal. I expect to pay more than I want to for my next car. But a Model Y under $40K after tax credit would be a deal I'm ready to do now.
Hence Elon already sounding the alarm about deflation, because dropping prices are not good for the economy for these and other reasons: if people catch a whiff of prices dropping, they'll hold off on purchases with the hope of prices dropping further. Slow and steady inflation is the best circumstance, the pendulum swung hard in one direction here and it presumably will swing back hard.
Phobi
Member
Subscribed to him on YouTube hoping he would see through the noise…
Feels more like he’s in his own “echo chamber” now…
Having no capital gains tax probably plays into his willingness to jump as well. If he bought early (pre-2019 and earlier) that would be a harder pill to swallow.
Ah well, one less follower.
HODL
Artful Dodger
"Neko no me"
OT:
Here is the original form of this joke, which has echoed down through the years from WWII:
Lol... joke still cracks me up after 40+ years
AIRBORNE!
Q. Why did the Paratrooper cross the road?
A. Because winds on the Drop Zone weren't 5...
Lol... joke still cracks me up after 40+ years
AIRBORNE!
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Xepa777
Banned
No one should give him any follow/recognition at all. You can have valid concerns, but putting a ridiculous, sensationalist price target of $140 given what we know is just as bad as Morgan Stanley with is $10 price target (which also had solid logic and was one of a spectrum of price targets, but it doesn't matter because that's the one that's going to get attention).
It's what I hate about the overwhelming majority of these "influencers." They're straight up narcacist and are being paid for attention. Just extensions of the media industry, except when they cater TOWARD us then we love it.
I don't know what Gary is talking about. Merger arbs need a direct correlation between the buyer and seller. Elon's sale would be less than 1% of teslas market cap so there is no correlation to be had.
Another "hot take" from him
MartinAustin
Active Member
Some of his talking points are clearly stupid but there's a decent chance global macro continues to suck for quite a while.
Don't discount how low the price could go for a few days when people are running scared.
Watched the flawless SpaceX launch this morning.
Still working my way through dense content in AI Day presentation.
TSLA has been pretty much my only investment since 2015 when I bought my first Tesla.
Do I care about the tweets I've seen, or do I expect anything from their author other than to keep on being himself?
No I don't
Still working my way through dense content in AI Day presentation.
TSLA has been pretty much my only investment since 2015 when I bought my first Tesla.
Do I care about the tweets I've seen, or do I expect anything from their author other than to keep on being himself?
No I don't
ZenRockGarden
Active Member
I for one think Elon is a brilliant engineer and designer of Cars, Spaceships, etc. At the same time, I think his self control and understanding of social things is terrible which means he has a high likelihood of completely screwing up Twitter.
I find people who claim universal hate of Elon to be... naieve.
Fair point. I (as many others have stated) don't like some of the non-Tesla related actions of Elon - including the Twitter purchase. The actions have definitely hurt the stock price at times, but the overall trajectory of the SP is upward. I believe in the mission, but care more (if I am entirely honest) about the SP and resulting riches. I think some people on here claim otherwise.
Knightshade
Well-Known Member
Roughly 2.15 million via methods that are measured, presumably some additional # via other methods.
Here in the US, people still post the stupid story about how Tesla got paid to send Starlink to Ukraine and how SpaceX and Tesla make all their money from the government. Prepare for another 5+ years of this nonsense since the government decided gifting Tesla (and other EV makers) with $$Billions is a great idea.
It is naive to think that Twitter isn't already completed screwed up in current form. Well if you haven't been paying attention or stuck in the propaganda loop for the last 5 plus years, i get it, however Elon has been laying it out for you over the last 6 months.
Lacks self control and understanding of social things is terrible? Most investors won't touch that with a 10 foot pole. You may say this to justify your beliefs but deep down you know it can't be true. Logically, it can't be true. I'm not going to go over all the reasons bc it is obvious.
You know what they say, capitulation requires everyone to see there's zero hope left for it to be the true bottom of the market. Losing a few bulls is part of the process.Subscribed to him on YouTube hoping he would see through the noise…
Feels more like he’s in his own “echo chamber” now…
Having no capital gains tax probably plays into his willingness to jump as well. If he bought early (pre-2019 and earlier) that would be a harder pill to swallow.
Ah well, one less follower.
HODL
Bet TSLA
Active Member
Just in case you hadn't noticed, you didn't win. The right time to buy your first Tesla is always ASAP. All these years now you have cleverly been waiting for the right time and not driving a Tesla! And, yes, I'm sure it's the case that there are millions of stupid people out there just waiting for the right time.
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