Where do we go from here 🤔
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Bowl Leader
In the spirit/format of another recent job referral posting; I’m looking to help provide referrals for EY!
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✅ Audit, financial advisory, and IT roles
✅ Must be US based
✅ Must be an experienced hire (not a recent grad)
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Drop me a DM if you’re interested, and I’d be happy to chat and find out more about what you’re looking for!
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Are we buying ETH right now?
What are people’s thoughts on the crypto.com app and their currency CRO? The debit cards they released come with honestly some great benefits (free Spotify/netflix subscription, 10%+ on staking, free airport lounge access) as long as you’re willing to stake a certain amount for 180 days.
Would love to hear from anyone who has contemplated and either decided for or against! Also which card level did you jump in at if you did?
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Price based on future expectations..
Pro
Tesla is a tech and alternative energy company that also happens to sell cars. The others are car manufacturers whose innovation is likely to be more incremental. I need both types of companies in my portfolio.
Yeah we will folks from Milky Way and other galaxies coming to buy Tesla ;)
This really doesn’t make any logical sense, retail investors will lose their shirts for Elon’s half a billion dollar pay days. Tesla is just a money park for the time being, once everyone wakes up and sees there is no possible way Tesla can pay back their shareholders, the gig is up.
God speed bag holders. $bearish
The run up isn’t broad market, as evidenced by the Nasdaq / S&P performance split.
I wish I could find the right piece of data to back this up, but I thought that the % of S&P 500 at ATHs is actually relatively low?
I would think a low % there would indicate there’s room to move up in the group, the opposite of bag holding.
California just passed regulations saying all non-commercial vehicles must be electric in 15 years. Eventually, that regulatory trend will spread everywhere.
When that happens, when every car is an electric car, how do you think Tesla will fare? They're the only company with the expertise, engineering culture, and business model to capitalize on that. Meanwhile ever other car company won't be worried about market dominance, they be worried about survival.
Current auto business models don't profit on vehicles, they profit on parts and repairs. What's going to happen to every non Tesla car company during that transition? Electric motors don't break down. The brushless electric motor is the single most reliable mechanical technology on earth. One set of brakes last the life of an electric vehicle. They don't need transmission repairs because they don't have them. Do you really think the traditional auto industry can magically change overnight and turn into dynamic, modern, flexible tech companies that fast?
I think Tesla is a bit overheated, like any consumer facing brand tends to get when cash is cheap, but still realistically valued.
AWS1- You too are failing to see my point. Keep living in a bubble and let’s revisit this in a year.
It’s a tech company
Exactly. And there is little reason for the magnitude of the run up in valuation.
Tech stocks have had a great year, but probably too great a year. And Tesla is at best only partially a tech company.
Pro
To all those TSLA is not an auto company, Enron was not an energy company too. Elon is using climate change porn to get rich off suckers; Elon musks carbon footprint is that of like 80 Americans.
Investors continue to play this game because of course, who does not like to make money. The gig will be up soon. TSLA is a badly run company, the cars are not durable - to meet quarter end sales targets, literally, interns get on the assembly line; they continue to cheat on emissions testing; they use regulatory credits to show accounting profits and account receivables grows more than sales (for a cash business); using the overpriced TSLA shares to increase borrowings; lets not get to the striking similarities b/w peak Jeff Skilling and Elon Musk. The gig will be up soon. We will all be here for it.
If the companies on the right don’t figure out how to go EV then they will go extinct just like Oldsmobile, Pontiac, Mercury and so many before them
Chief
And that’s just cars...
Agree - Tesla has more components to its business than just production of vehicles for consumer use.
I’m buying calls
We go to the moon/Mars next!!
Red rocks!!!
Tesla is overpriced. They’re also the only company well positioned for when Biden bans internal combustion engines in personal vehicles
Thus fall from grace will be incredible