I drove the car San Jose to Los Angeles and got back. Tesla needs to introduce 500 or 600 miles/charge car, but the current standards, technology are too good.
EM optimized everything including delivery, he does not need dealer network that is not the issue.
If I go to dealer to buy a car, I spend 4 to 8 hours even if is full cash price, but with tesla all around 10 mins - 30 mins without any sales man in spot.
The issue is worldwide economy. EM is responding very well by reducing the rates.
Like I am stating many times, we get into recessions and stocks will go down heavily, TSLA too. That is a bulk buying oppotunity for any waiters.
When the stock market touches bottom with “Circuit Breaker”, have all your cash into TSLA and hold for long years. When such circuit breaker comes, let us LEAP calls on TSLA.
EM May be erratic, but he is really an inventor. This roller coaster ride will give opportunity for those missed out, that is all I am saying.
However, at low market price there are plenty of choices. For those who wants some safety, it is better to pick any of the top 20 stocks, and if TSLA bring one, it is also a choice.
Last 18 months, many sectors are rotated, but I missed it except the banking sector.
Anything deeply corrected, esp top 20 companies, will recover in future.
What did he invented? Thought he refines and implements well (other people’s ideas).
Social media is full of “stock rotation” talks. I don’t really understand what they mean. Rotation always happen. Are they saying, we should get into the “in” stocks and get out of the “out” stocks i.e. momentum chasing. There is an alternative way, get into “out” stocks while they are down and get out when they are mooning.
If you firmly believe TSLA would be the largest market cap by 2030, should BTFD when TSLA is irrationally sold off e.g. $100s… bot some, not much, took too long to decide what other stocks to sell to raise the necessary cash to buy. Btw, EM is slowly phasing himself out of TSLA… watch Tom Zhu.
TSLA needs a strategy to push through the chasm. I belong to the mainstream that treat car as a tool to move from point A to point B, not interested in saving the world, championing climate change, electrifying the world… thingy. Why should I replace my trustworthy 13+ years old Lexus RX?
Tesla’s earnings chart. Earnings fell both QoQ and YoY. That’s why the guy above said Tesla is no longer a growth company.
I think the only honest thing Elon said about Tesla is that it’s worthless without self driving. No FSD and Tesla is just a low margin car maker like Toyota at best. And I don’t think their self driving is making much progress. I think it’s a dead end for them.
I saw similar chart yesterday. TSLA growth rate is diminishing, unfortunately in bearish time.
You need re-read first 500 pages of this thread why TSLA stands out of all other cars, what EM did before TSLA IPO and why no one else able to match the quality even traditional car manufacturers (GM is close) struggling to compete TSLA.
The issue with plug-in EV’s is and always has been charging time. You gain little if range increases but charging time per mile remains the same. The only US company working on this is Aptera.
Pretty amazing to think back to that time.
– About 1/4th of the companies are basically dead (Enron, Compaq, AIG, Sears)
– Another 1/4th have been crushed i.e. down 90ish% over the past 20 yrs (Citi, GE, GM, Ford, HP).
– None of them are what I would consider ‘leaders’ in 2023.
Time withers all things.
Both my ICE cars take 5 minutes to get 450 miles of range. More to the point I never have to detour off my route to find a gas station. The idea of knowing where gas stations are before I do a long run, say Strawberry to Sac or Strawberry to Boulder, both over 800 miles, never even occurs to me. Plus, much of my driving is spontaneous and unplanned. That’s the whole point of having personal transportation. Otherwise forget the car altogether and just use buses, trains and planes. Maybe an Uber every so often.
Oh and nobody gets 300 miles from any Tesla in 30 minutes of charging except for around town. Few even get that after an hour of charging. Tesla range, like EV’s in general, collapses at freeway speeds.
It may be your perception. I have used 5 EV cars so far, but after getting model 3, never felt that issue while driving to LA and back.
Correct, that is why I am eagerly waiting for 500 miles/charge which will easily cross 300 miles which is maximum distance a car can be driven without stop to avoid tire burst.
Tires don’t burst from hours on the road even at Arizona temperatures. Stopping is a personal thing but I never stop until I’ve put 400 miles behind me and I certainly don’t want to be limited by supercharger availability when I decide where and when to stop. Maybe in anohter 15 years when I might need to pee all the time…
He said so.
