I appreciate you sharing. I agree with you on the long term approach. What’s your view on selling when the market is inflated, such as what we saw in late 2020? Someone who knew the price levels were unsustainable could’ve sold some positions to buy back when the market cools down.
Paraphrasing a response on the big blue bird, there's going to be a lot more red and blue in '23...
Right now multiple times in my Twitter feed:
Wonder if the BOD that a lot of people on this board have been bitching about had anything to do with it?
Bookmarked for future use/reference.I'm so glad they lowered prices on Tesla cars. That'll make it more likely that you all slow down for pedestrians crossing the street according to the study.
If you drive an expensive car you're probably a jerk, scientists say | CNN
The science is looking pretty unanimous on this one: Drivers of expensive cars are the worst.www.cnn.com
It’s hard for me to know what "inflated" is. In retrospect, sure I could see having sold some then, especially if one were living off the shares and didn’t have enough cash to see them through a couple of years. It was hard to foresee that the macro environment and geopolitical situation would deteriorate so much in 2022.
His heart is in the right place but his mind not so much. Tesla doesn't want to become establishment, but a move like this by Ross would in turn make Tesla into the thing they are trying to avoid becoming. It's ironic he cannot see that.
This is all my opinion but here is what I think about Ross. He's an advocate for EV's, he's an advocate for Tesla. He put his funds in to trouble by relying too much on $TSLA. Now that $TSLA is way down he's in a bad position and is reaching for ways to improve that position. I like Ross for entertainment and watch his material when he is on YouTube channels or network TV, I have nothing against him doing what he's doing, overall I think he's been positive for Tesla.
Why would you want to advocate for a bunch of crybabies?
There's a good economic reason why Tesla doesn't drop prices incrementally and it's the same reason why deflation is terrible for the economy. You might think lower prices would be a good thing but when prices are dropping on a regular basis, people start to anticipate things will become cheaper in the future so they stop buying them, waiting for cheaper prices. This creates a vicious cycle where consumers waiting for the price to drop create a lack of demand which causes further price decreases, etc.
Tesla did this the right way and even left some room to for a couple of small price raises to stoke demand in the future. I know that sounds strange, but incremental price raises signal to buyers that prices might go even higher.
This is definitely something to continue watching and with appreciation for nuance: there is not a single Model Y available right now that is <$55k. However, there are 490 Model Y listings at $55k+ with various options.The trend is no longer tslaq friend
Inventory down from 2500 to 1500
It will be a glorious day when that blue bar is the longest on the chart!
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I would have thought engineers could see thru the social mind control BS, but I guess they can't at least those ones. Though I do have one friend whose a CFD specialists and he hates Musk, as do most petrol heads so who the heck knows. I just find it ironic, some really smart effin ppl are misguided sheep.
