Elon is biting the hand that feed him. Is clear who he would be voting for in Nov. If that guy lost (low probability), TSLA would be univestable… $178-$180 is a very strong support, bears trying hard to tear it down.
That poster is an idiot. Do they even look at the TSLA P&L? Do they look at the declining revenue growth and declining margins? Reality is hitting that TSLA is just another car company and not a tech company. It has car company growth rates and margins now. It should be valued as a car company.
1 Like
.
Retail investors of TSLA stock think TSLA is an AI & robotics stock and think market got it wrong, so…
That’s a cool wish. They don’t generate revenue from them today. It’s basically rolling the dice on two startups that are inside a car company. Maybe if they did a spinoff those things and gave equity to TSLA shareholders. Granted, then TSLA stock would completely collapse.
First it wasn’t really just a car company - it was an energy company.
Now it’s an AI and robotics company.
How long can it keep this up?
Hertz (HTZ) stock recovered in midday trade following an early slide as the company reported a wider-than-expected fourth quarter loss due to its exposure to EVs, in particular its large Tesla (TSLA) fleet. What Hertz does next to its EV fleet —and its effect on Tesla —will be key to watch for both companies.
Hertz, in reporting an adjusted loss of $1.36 per share, wider than the $0.76 loss expected, was saddled with losses stemming from its decision to sell 20,000 Teslas, representing a third of its EV fleet. Hertz said last month it would take a $245 million charge from the sale of those cars due to high depreciation costs, in addition to higher costs for repairs for EVs, which dragged on the bottom line.
Another Puru?
“Electric cars are maybe a third of the price of gasoline because we have close to 100% hydropower. It’s cheap. It’s available and renewable. So that’s a big advantage,” said Petter Haugneland, the assistant secretary general of the Norwegian EV Association.
That will NEVER happen in the US. Hydroelectric at scale isn’t considered good enough by the environmental crazies.
2 Likes
Heck, nuclear would be cheap enough to make it work.
The other thing about Norway is that its population is highly concentrated in cities. The US is way more spread out. Transportation needs are different.
3 Likes
.
Most probably yes. AFAIK, miners run ahead of the halving event (early or mid this year, can’t remember 
) and decline upon event. Experienced crypto traders e.g. Jesse, has been selling miners and piling into bitcoin and btc spot etfs. Jesse plans to get out of bitcoin/etfs before end of the year and into TSLA again. So is kind of odd to pile into miners now… should be taking profits as they moon.
Below is the EW picture wishes by ST to MT TSLA bulls. In reality, wave Y can be any pattern. IMHO, should continue to be corrective till Fed cuts rates 1-2 times or someone won as POTUS. Based on X tweets, many bulls have moved on to crypto or hot AI stocks.
Norwegians are hypocrites. They get wealthy by exploiting and exporting oil. Then they say they are saving the planet with EVs… total greenwash bullshit.
2 Likes
Biggest cost of owning any car is depreciation
Some are worse than others and Tesla takes first prize.
1 Like