Even if you think the yoke and lack of stalks was a bad decision, that's hardly reason for concern. Innovative companies must innovate. And sometimes they get it wrong. It would be a lot worse if Tesla never took risks.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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As for the new handicapped Model S/X, this was probably inevitable. Demand for high end EVs is low because of high interest rates and the lack of IRA incentive. Lucid's days could be numbered because of this. Tesla has made the calculation that it's financially advantageous to sell more of these cars and keep the factory running at capacity rather than slow down production.
When you think about this, it's kind of cool that Tesla has the flexibility to create a cheaper version without spending a dime on engineering and retooling.
When you think about this, it's kind of cool that Tesla has the flexibility to create a cheaper version without spending a dime on engineering and retooling.
I can’t advise, I know nothing, I only feel the market.
I was on the phone with a good buddy in Ohio just now. Seems Tesla put a bid on US Steel Co yesterday? What, to cut off supplies to ICE? I’m game. I need to read more on this.
(Edit, seems this was already discussed on the weekend. Ill leave it here as it seems the jury is not out yet. Interesting that my buddy said the offer went in yesterday, likely old news, but he called me to see if he should buy up more property locally. He's a builder)
Why the bidding war for U.S. Steel is a worry for automakers
A bidding war between steelmakers for American manufacturing icon U.S. Steel could have massive implications for the auto industry — especially if Cleveland-Cliffs wins out, analysts said.
www.autonews.com
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You missed my point. The same conditions (ie. Elon) that produced the probable hit of the Cybertruck produced the mistake that was the yoke. As I said, no company is perfect, mistakes will be made. Tesla's mistakes are smaller than other car companies, IMHO.
Yes it was a mistake, but it wasn't a TSLA disaster since S/X don't move the needle much in Tesla financials anymore, and hasn't for many years now. You do know that every other car company makes similar mistakes, right?
Elon Musk confirms yoke steering wheel airbag horn will be turned on through OTA software update
In January we reported that Tesla was getting ready to add a new airbag horn to the Model S yoke steering wheel. The new feature was spotted on a yoke steering wheel with the sticker “AIRBAG […]driveteslacanada.ca
And:
Tesla appears to be finally adding a regular horn to its yoke steering wheel
Tesla appears to have finally agreed to walk back one feature of its controversial yoke steering wheel, as it will...electrek.co
Did Elon lie, or was he just misinformed?
Elon is brilliant, but the biography will likely reveal he also has many self-induced defects that others at Tesla/SpaceX see, but cannot/will not speak out loud for real fear of being fired (because it happens often). As a Human Factors engineer (by education), with thousands of miles behind Palladium stalkless yokes, it is, frankly, an incomprehensibly stupid safety hazard. We don't see ourselves buying another, this after over a dozen MS's since 2013.
Prospective buyers have grown to learn this and sales are likely suffering as a result. I fear the Highland update may encounter the same future if someone doesn't sit Elon down for a talk . . . it's LONG overdue and failure to do so will further damage our TSLA investment, AND the mission.
It can be possible to be too smart for one's own good.
Don't get lost in the trees and forget to see the forest. On the whole, Tesla is doing just fine, mistakes and all. I'd rather have Elon's mistakes AND brilliant other execution than the alternative, but YMMV.
Words of HABIT
Active Member
Hoping TSLA bounces off the bottom trend line started beginning of the year, would get TSLA >$271 by end of 2023 and ATH by November 2024. TSLA currently stuck in negative macro events, especially of late, concerns with downturn in China and higher interest rates.
With most all OEM significantly reducing their BEV targets, general Market consensus (which is incorrect) believe Tesla will also have negatively affected P&D. On the contrary, Tesla will be able to sell every BEV they can produce for years to come. There are entire new world markets that have yet to be touched.
As with the rising TSLA trend line that dominated 2013 - 2014, I expect the above two linear trend lines to be in TSLA's rear view mirror a few years from now.
With most all OEM significantly reducing their BEV targets, general Market consensus (which is incorrect) believe Tesla will also have negatively affected P&D. On the contrary, Tesla will be able to sell every BEV they can produce for years to come. There are entire new world markets that have yet to be touched.
As with the rising TSLA trend line that dominated 2013 - 2014, I expect the above two linear trend lines to be in TSLA's rear view mirror a few years from now.
Replying again… I am not buying at 215. I recall last time when I bought my favorite number on the way down to 100. Flashbacks…
Buckminster
Well-Known Member
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There will be no more use of this platform to assess, praise or whine about Twitter/X, or anecdotes about what happened to oneself through use of or proximity to it, without first abjectly acknowledging that I have been correct over the past decade and more of its coruscatingly destructive and unsalvageable faults.
The prior posts have gone away.
There will be no more use of this platform to assess, praise or whine about Twitter/X, or anecdotes about what happened to oneself through use of or proximity to it, without first abjectly acknowledging that I have been correct over the past decade and more of its coruscatingly destructive and unsalvageable faults.
The prior posts have gone away.
Pretty sure people understood I was referring to the cash and investments of large fund managers and not individual folks who live paycheck to paycheck.
Americans Have Almost Depleted Excess Savings, SF Fed Study Says
Excess savings US households built up during the pandemic will probably be exhausted in the current quarter, according to research from the Federal Reserve Bank of San Francisco, removing a key support for consumer spending that has boosted the US economy this year.www.bloomberg.com
I said it before and I'll say it again, love the yoke, but the buttons weren't thought through, after 8 months of Plaid ownership I still have no idea where the horn is and indicating with the yoke turned is nigh-on impossible
So for me, keep the yoke, but bring back the stalks, or another solution - hell, some buttons on the touch-screen would do the job for me better than the ones on the yoke
And as for the range-limited S&X, colour me confused, seems like a dumb idea to me if indeed they're identical cars underneath, unless they do plan to offer an unlock in the future, then it would be OK, because I suspect a lot of folks would go for that
This is a monthly options expirations day. More interest than a weekly but less than a quarterly.
Based on my survey of the current TSLA options trading volume and the earlier open interest, large option writers with the ability to temporarily manipulate the share price may target $215 as their most profitable closing share price. Of course, trading by others could confound them.
Based on my survey of the current TSLA options trading volume and the earlier open interest, large option writers with the ability to temporarily manipulate the share price may target $215 as their most profitable closing share price. Of course, trading by others could confound them.
Americans Have Almost Depleted Excess Savings, SF Fed Study Says
Excess savings US households built up during the pandemic will probably be exhausted in the current quarter, according to research from the Federal Reserve Bank of San Francisco, removing a key support for consumer spending that has boosted the US economy this year.
Original article:
Excess No More? Dwindling Pandemic Savings
U.S. household savings rose and fell at unprecedented rates since the onset of the pandemic recession. Updated estimates suggest that only a small fraction of accumulated excess savings remains in the aggregate economy and that those funds are likely to be depleted during the third quarter of 2023.
www.frbsf.org
Just a heads up, with the lines that I have from the actual lows the stock hit in July and then March, TSLA could fall to 200/share and still be in this channel. The uptrend line is increasing around .50 per trading day. The fact that the uptrend line from the low is nearly the same as the 200 day moving average isn't a coincidence if ya ask me.
The Zach resigning announcement timing wise is really unfortunate. When TSLA hit 299/share a month or so ago, I was saying there's gotta be a pullback soon, simply for healthy consolidation. No doubt most of Wall St hedge funds were thinking the same thing I was in that both TSLA and the overall market was due for a decent correction. I think the original target was the 50-day average with the 100 day being a stretch goal for hedgies.
But the Zach resignment announcement really changed the dynamics and to me, the goals for hedge funds. They know institutional investors, especially cautious ones, are going to be hesitant to buy in around something like a CFO resignment announcement and most likely will stay out of a stock for up to 1-2 quarters. This to me opened the door for not just the 100 day to be broken and for the target to be the 200 day/ uptrend line but the stretch goal for hedge funds to break the last support lines and cause another Dec style plummet in the stock.
Unfortunately, I think they're going to succeed in doing that before any positive catalyst can come. The S&P still has another 4-5% to drop for it to hit it's uptrend support lines. The Nasdaq could be the savior here because it's very close to it's low uptrend line from Dec. But that could also be a major negative because if it drops below that (and it's close), then it's going to plummet and bring TSLA down with it.
So overall....not looking very pretty at moment.
They are clearly trying to push it lower. Some talk of Puts here, which is the bear trap set up I see coming - just don't know when… but soon.
Highlander selling for close to $25K could turn the tides… any day now. Make (or import) them in the US for the incentives, this would be a death blow.
With this potential in both directions, HODL would be the best strategy. Buy more if you can afford … to not require selling to pay bills.
This does not include the upside potential for CyberTruck or FSD news also brewing.
Don’t you all see it? (Rhetorical, I know!). I think we’ll be above 300 before year end. (Relatively speaking against the overall market, it’s a relative.)
Highlander selling for close to $25K could turn the tides… any day now. Make (or import) them in the US for the incentives, this would be a death blow.
With this potential in both directions, HODL would be the best strategy. Buy more if you can afford … to not require selling to pay bills.
This does not include the upside potential for CyberTruck or FSD news also brewing.
Don’t you all see it? (Rhetorical, I know!). I think we’ll be above 300 before year end. (Relatively speaking against the overall market, it’s a relative.)
Never would have guessed that given the SP action/s
Yeah serious capping on the stock today to prevent a bounce and get back above the 100 day. Stock is just being strangled constantly day in and day out.
The rumored Highland selling price just doesn't seem realistic at all. Would be a potential huge catalyst but I'm sure there would be questions about what kind of gross margin Tesla would be making on a 25k Highland 3. A 25k Highland 3 would absolutely destroy the market for Chinese EV makers. Would seriously be a huge hit to BYD.
But I just don't see how it's possible. Especially considering that's the ASP Tesla is shooting for with Gen 3.
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