92merc Posted April 24, 2019 Share Posted April 24, 2019 https://www.cnn.com/2019/04/24/investing/tesla-earnings-loss/index.html $702 million dollar loss in a quarter. Double analysts projections. Any guesses on what that do to their stock? My bet is nothing. Cause the analysts are always right. ? Quote Link to comment Share on other sites More sharing options...
mlhm5 Posted April 24, 2019 Share Posted April 24, 2019 https://www.thestreet.com/investing/stocks/tesla-q1-earnings-live-blog-14936638 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted April 24, 2019 Share Posted April 24, 2019 AHAHAHAHAHAHAHA 1 Quote Link to comment Share on other sites More sharing options...
tbone Posted April 25, 2019 Share Posted April 25, 2019 It doesn’t make any sense... Quote Link to comment Share on other sites More sharing options...
twintornados Posted April 25, 2019 Share Posted April 25, 2019 Oh Elon....are you playing with your shares again?? Quote Link to comment Share on other sites More sharing options...
akirby Posted April 25, 2019 Share Posted April 25, 2019 10 hours ago, tbone said: It doesn’t make any sense... Short term stock price fluctuations never make sense. 2 Quote Link to comment Share on other sites More sharing options...
92merc Posted April 25, 2019 Author Share Posted April 25, 2019 "They" keep saying Tesla is more of a tech company than an automotive company. But if a company such as Amazon or Netflix had huge major drop in revenue to the negative, I can say with a high degree of certainty that those stocks would have dropped. The Tesla stock bubble will pop one of these days. Probably not until after they declare bankruptcy. There are those that will believe even after bankruptcy that Tesla will rise again on the third day and take over the car world still... Quote Link to comment Share on other sites More sharing options...
Gurgeh Posted April 25, 2019 Share Posted April 25, 2019 4 hours ago, akirby said: Short term stock price fluctuations never make sense. True. And now today, the stock is down over 4% (so far)... Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted April 25, 2019 Share Posted April 25, 2019 The question is, what happens next quarter when they lose a billion as all of the zealots have their cars already. It's funny the model 3 was described to investors as the volume car for the average person (priced starting at 35K). Yet, not one of those models has been made or sold. Due to the average transaction price, they are claiming that the Model 3 was the best selling luxury car last year. What defines a luxury car? I certainly don't see it as one. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted April 25, 2019 Share Posted April 25, 2019 21 minutes ago, jcartwright99 said: Yet, not one of those models has been made or sold. They were recently quietly removed from the Tesla website too Quote Link to comment Share on other sites More sharing options...
akirby Posted April 25, 2019 Share Posted April 25, 2019 2 hours ago, Gurgeh said: True. And now today, the stock is down over 4% (so far)... Once I understood that you can make money on the stock market even when stocks go down, it all started to make sense that it never makes sense. 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted April 25, 2019 Share Posted April 25, 2019 3 minutes ago, fuzzymoomoo said: They were recently quietly removed from the Tesla website too You can get a standard model 3 for $39K before tax incentives. 240 mile range. Quote Link to comment Share on other sites More sharing options...
fordtech1 Posted April 25, 2019 Share Posted April 25, 2019 10 minutes ago, akirby said: You can get a standard model 3 for $39K before tax incentives. 240 mile range. It’s like Henry Ford said any color as long as its black. Well for standard price it has to be black on black. Any other color is $1k-2k more. Quote Link to comment Share on other sites More sharing options...
akirby Posted April 25, 2019 Share Posted April 25, 2019 5 minutes ago, fordtech1 said: It’s like Henry Ford said any color as long as its black. Well for standard price it has to be black on black. Any other color is $1k-2k more. But the point was initially they were only selling the most expensive versions that were over $50K. At least they’re selling the cheaper ones now even if they’re $5K higher than they advertised. Quote Link to comment Share on other sites More sharing options...
akirby Posted April 25, 2019 Share Posted April 25, 2019 Of course they won’t make a profit on any of them. Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted April 25, 2019 Share Posted April 25, 2019 42 minutes ago, akirby said: You can get a standard model 3 for $39K before tax incentives. 240 mile range. Tax incentive...you mean the tax incentive that is being cut in half this year and should be gone by next. That should only help sales, right? Quote Link to comment Share on other sites More sharing options...
akirby Posted April 25, 2019 Share Posted April 25, 2019 10 minutes ago, jcartwright99 said: Tax incentive...you mean the tax incentive that is being cut in half this year and should be gone by next. That should only help sales, right? Yep. Of course the Tesla cheerleaders will say that's not why people are buying BEVs but I think they're wrong and I think at least half of BEV sales are directly driven by those rebates and when they're gone sales will drop significantly. 1 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted April 26, 2019 Share Posted April 26, 2019 Relevant column on the subject. A few valid points. https://www.detroitnews.com/story/business/columnists/daniel-howes/2019/04/25/tesla-woes-deepen-rivals-accelerate/3575914002/ Quote Link to comment Share on other sites More sharing options...
akirby Posted April 26, 2019 Share Posted April 26, 2019 Quote Sooner or later, to paraphrase Margaret Thatcher's riff on socialism, the grand industry-changing experiment that is Tesla is fine until you run out of other people's money. Bingo. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted April 26, 2019 Share Posted April 26, 2019 16 hours ago, akirby said: Yep. Of course the Tesla cheerleaders will say that's not why people are buying BEVs but I think they're wrong and I think at least half of BEV sales are directly driven by those rebates and when they're gone sales will drop significantly. I'm completely with you. I think people ARE interested in electrics in general, and certainly Tesla specifically. However, I completely believe it's that tax credit that has convinced people to actually pull the trigger for an EV (Tesla). Once that catalyst is removed, people are less inclined to purchase one because of the price and perceived limitations on top of that. 1 Quote Link to comment Share on other sites More sharing options...
probowler Posted April 27, 2019 Share Posted April 27, 2019 Who is the market for electric cars anyways? I thought millennials were all switching to Uber and taking the bus. Quote Link to comment Share on other sites More sharing options...
fordtech1 Posted April 27, 2019 Share Posted April 27, 2019 11 minutes ago, probowler said: Who is the market for electric cars anyways? I thought millennials were all switching to Uber and taking the bus. As poor of a work ethic the millennials have, they sure as hell won’t be able to afford one. Most don’t want to work. The ones I see think $100k a year is normal for everyone and only do easy work. Plus can only work 3 days a week because 40 hours is just too much. Once the parents die off who’s going to support them and who will be left with an skills to fix anything other than a smartphone? 2 Quote Link to comment Share on other sites More sharing options...
Gurgeh Posted April 27, 2019 Share Posted April 27, 2019 3 hours ago, probowler said: Who is the market for electric cars anyways? I thought millennials were all switching to Uber and taking the bus. So far, it has been mainly non-millennial, wealthy, status-seeking urban buyers, though this is starting to change particularly for families with more than one vehicle. This study describes the top three BEV-buying segments as: "Findings show American Royalty, who are described as wealthy, influential couples and families living in prestigious suburbs, led the way with a 17.8 percent share. Following them were Silver Sophisticates at 11.9 percent. Those in this category are described as mature couples and singles living an upscale lifestyle in suburban homes. Rounding out the top three were Cosmopolitan Achiever, described as affluent middle-aged and established couples and families who enjoy a dynamic lifestyle in metro areas. Their share was 10.1 percent." See: https://www.experian.com/blogs/insights/2018/10/the-story-behind-whos-buying-electric-vehicles/ 1 Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted April 28, 2019 Share Posted April 28, 2019 (edited) On 4/27/2019 at 2:30 AM, fordtech1 said: As poor of a work ethic the millennials have, they sure as hell won’t be able to afford one. Most don’t want to work. The ones I see think $100k a year is normal for everyone and only do easy work. Plus can only work 3 days a week because 40 hours is just too much. Once the parents die off who’s going to support them and who will be left with an skills to fix anything other than a smartphone? Can we quit with the ridiculous stereotyping of “millennials”? It’s quite old at this point. I’m a millennial. I work 60-70 hours a week running an engineering test firm. The “lazy millennials” who work for me bust their butts every week, throughly outperforming the “boomers” in our company. It’s not a Cushy office gig either. By far the biggest whiners and laziest are the 50+ crowd. Can’t get rid of them fast enough. They bitch and think they all deserve 100k+, company cars, etc while working 30 hours. And refusing to learn anything new in a rapidly changing industry. How’s that for an about face? Edited April 28, 2019 by blazerdude20 1 Quote Link to comment Share on other sites More sharing options...
fordtech1 Posted April 28, 2019 Share Posted April 28, 2019 15 minutes ago, blazerdude20 said: Can we quit with the ridiculous stereotyping of “millennials”? It’s quite old at this point. I’m a millennial. I work 60-70 hours a week running an engineering test firm. The “lazy millennials” who work for me bust their butts every week, throughly outperforming the “boomers” in our company. It’s not a Cushy office gig either. By far the biggest whiners and laziest are the 50+ crowd. Can’t get rid of them fast enough. They bitch and think they all deserve 100k+, company cars, etc while working 30 hours. And refusing to learn anything new in a rapidly changing industry. How’s that for an about face? Consider yourself lucky. That is no where near true around me. Everyone small business owner I know says the same thing. Stereotypes get to be stereotypes for a reason. Just like lawyers, mechanics, politicians etc. They got these reputations some how! 1 Quote Link to comment Share on other sites More sharing options...
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