Tesla’s trillion dollar valuation is fast approaching

Is he talking about Hitler? Himself?

“He’s trying to do something to improve a product, and I salute him for that,” Buffett said on CNBC’s “Squawk Box” in May 2018. It’s “not easy” to do that, Buffett said. “The American public will decide whether [Tesla’s electric cars are] a success.”

No, he is revolutionizing the transport industry. Change the world!

…he personally would not hire Musk.

Feeling is mutual.

Why sell the man short? Elon is revolutionizing the entire energy industry stack.

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I don’t know technical analysis at all. But is this a flag pattern? :scream:

Electricity power plant emissions data for 2018 has just been released and we’ve crunched the latest numbers. Based on where EVs have been sold, driving the average EV produces global warming pollution equal to a gasoline vehicle that gets 88 miles per gallon (mpg) fuel economy. That’s significantly better than the most efficient gasoline car (58 mpg) and far cleaner than the average new gasoline car (31 mpg) or truck (21 mpg) sold in the US. And our estimate for EV emissions is almost 10 percent lower than our previous estimate two years ago. Now 94 percent of people in the US live where driving an EV produces less emissions than using a 50 mpg gasoline car.

The real reason for holding off? Automakers worry that computers like Tesla’s will render obsolete the parts supply chains they have cultivated over decades, the engineer said.

Huh? Did they read about Kodak and its digital camera?

Most parts inside the Model 3 do not bear the name of a supplier. Instead, many have the Tesla logo, including the substrates inside the ECUs. This suggests the company maintains tight control over the development of almost all key technologies in the car.

So Apple-like.

From software to electric drive systems, Tesla is steadily bringing more development tasks in-house. If this strategy succeeds, competitors will have little choice but to follow suit, upending their old business models and supply chains as they try to overcome Tesla’s head start.

Ask Apple for help.

The article linked by @manch is dumb. Nothing new. What opponent said is before that.

Now, if you have TSLA, do not look at any pattern, it has momentum to go up unless something major happens with entire market or with TSLA. Patterns won’t work/predict at this stage.

For example, we have shortage of GM Bolt EV that all orders are going to back order stage for 2 months. Four of my friends looking for GM Bolt EV, but dealers are telling them to wait for 2 months to supply. Most of them trying to move TSLA side if they are able to get faster.

The demand for BOLT and TSLA are high now.

That is what @tomato said when I show him bitcoin chart. He is humbled.

What do you predict for this Tesla?

Didn’t look at it since I have not stake. Time too precious to spend on unrelated stuff. Use bitcoin as reference (updated a few times but didn’t bother to update anymore so is not up to date), … can’t find the post where @tomato laugh…

Take a guess, where is TSLA now in bitcoin chart?

Bitcoin went down from $20000 to $10000. Similarly, do you expect TSLA to come down from $800 to $400 ?

Unless recessions (of like Dec 2018 correction) comes out of coronovirus, it is not going to happen. Even If this happens by recession, I am glad, I will buy 50% of my cash on TSLA (Now just 5%).

OMG, you are again comparing Apples and Oranges, one is innovation and another is speculative asset !

TSLA is an innovation like the way FORD started CARs. Now, FORD is struggling to cope up with EV Market. I told the same story “Four of my friends unable to get Bolt BV, second best in EV market”. I am the fifth one waiting to complete my 3 year lease by Aug 2020.

The demand for EV has picked up very well, by cost effective solution. Unless the demand fundamentals are changed by a recession (blow out of some economy like China or USA or Euro), TSLA will keep growing and unlikely see $400 price.

TSLA has long way to grow like your AAPL, at least next 20 years…It is hard to break the innovation.

I didn’t look at TSLA chart :sob:
Human psychology is identical!!! IDENTICAL!!! regardless of educational background, cultural background, ethnicities, nationalities, gender, … especially herd mentality. If you don’t accept this fact, then nothing to talk about. TA is NOT for you.

You look at TSLA chart, human psychology can drive down 5% or 10%, but not 50% unless a major event happens affecting fundamentals of the company.

TSLA is going on expansion, from US to China and now to Germany. The local demand are growing for EV cars, not only TSLA.

Until Trump is there, he will not let the economy go down (His Make America Great Again), try to support economy and stock market (as he is business man and US in business economy).

Any impact I see is Coronovirus and China EV sales, TSLA is not depended on China Production like AAPL gets impacted by production closures.

With all these, the low price for TSLA may be around $700 (worst case I expect), but higher it can go further. This is the main reason I picked more TSLA shares at $735-$740 range when TSLA follow on was listed $767. Now, it came to $800 range.

As long as demand for EV cars are not reducing, The momentum for TSLA is upwards.

But didn’t some people(me included) sell at @$200/±some% just 6 months back? :stuck_out_tongue:

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Like the same do you think everyone will sell and TSLA will go back to $400? Please sell it, I missed TSLA boat and let me grab more :rofl:

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I have no idea unlike the stock picker masters_of_the_universe here. :wink:

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I never regretted not picking any other company except TSLA. When it was $180, I placed $178 order which I missed, then left it. I should have blindly grabbed some, missed the boat knowingly.

Second trading TSLA, using support and resistance TA, was wrong.

Great Mistake !

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Donno about anybody else on this forum, but you are clearly stock picker master of the Universe! :+1:

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On Friday, I saw pre-market price $725, placed multiple orders, but finally got it at $735, then stock jumped to $800. I have not seen such a force in any other stocks.

IMO, even I see AAPL may come down to $300,based on AAPL revised revenue statement, but TSLA touching $700 is remote.

I am not talking about chart view, but the demand for EV is stunning and Bolt EV back ordered 2 months in bay area vouches the demand. In just 3 years, GMs new cars are EV cars.

I am completing my sixth year with two EVs by this Aug 2020 and I am able to travel from my home to SFO (75 miles north) and back to my home without any charging in between.

Soon TSLA will come with 500 miles/charge, others will be behind him, that is enough for LA trip without charge in between.