Funny how self-driving cars are still a decade away after having been just around the corner back in 2017 or so.
EV sales growth rates industry-wide are slowing". You said it, not me. Slowing doesn't mean stopping or dropping, and it's not unique to Tesla, but industry wide. I guess when I say slowing I should say sloooooowing so you get that I mean ummm slowing. Unless I said stopping or dropping I would need to say stoooooooping or droooooooping for you to understand I used those words instead. Everytime you say margin I say Tesla has the industry's highest margins but you ignore the fact. TSLA margins since they peaked in March'22. Yeah yeah yeah so have other companies too. And other companies stock prices are down too. But we are not talking about other companies FSD, RoboTaxies, CyberTruck crap, nifty manufacturing processes, solar products yada yada that are all supposed to help magically increase NET profits yet aren't. Wrong, Tesla dropped in 2022 but did just fine in 2023 if you traded it, like I did for a small portion of my holdings. 2024 is shit but fundamentally Tesla has much more to offer than any other car manufacturer out there. Yes 2023 was better than 2022 setting the bar very low. 2024 not so much for the HODL suckers. Especially those who purchased some of their shares back in 2022 hint, hint Comparing Tesla to NASDAQ Mega Caps? Setting the bar high to prove your point? What happened to TSLA is not an auto manufacturer its a tech company - 2024 lol is what happened.
What does then even mean? Are you upset that it hasn't happened sooner or snarky because you believed it was impossible in the first place? Imagine what the world would look like if no one tried the impossible.
As per wikipedia:- "In October 2016, at the same time as the release of HW2, Tesla released a video entitled "Full Self-Driving Hardware on All Teslas" that claimed to demonstrate Full Self-Driving, the system designed to extend automated driving to local roads. (CEO Elon Musk tweeted a link to a longer version in November 2016.)"
It’s a commentary on the SV & media hype machine, which is today in overdrive over ChatGPT supposedly eliminating 300 billion (or is it 300 trillion?) jobs starting any day now. I didn’t knock anyone for trying to develop the tech - though in general I do disdain techno-industrial solutions for problems (like long highway commutes and car dependence) created by modernity in the first place. Rather, I pointed out that we were told by elites and experts in 2016-17 that self-driving cars were just around the corner, just a matter of working out a few kinks, while seven years on we’re just as far away. “They” are charlatans.
Tesla cuts Full Self-Driving subscription prices in US, Canada April 12 (Reuters) - Elon Musk's Tesla (TSLA.O), opens new tab said on Friday it has cut prices of its Full Self-Driving (FSD) subscriptions in the United States and Canada, as it seeks to drive adoption amid softening demand and price competition. https://www.reuters.com/business/au...ing-subscription-prices-us-canada-2024-04-12/
The sentiment seems so negative right now that I was really debating a trade in the after market long at $160 but I just can't pull the trigger here with this Israeli response as such an unknown. Normal market conditions I think I am in on a swing trade trying to get back 10% on the long side with a tight stop that I can take 3 or 4 shots at. I really have nothing to add about the business and I almost try to not have much opinion on the actual business. It is just such a great stock to trade.
Yesterday Tesla announced laying off 10% of worldwide workforce. Today that Musk will travel next week to India to talk to PM Modi about opening another yet another Gigafactory there. Makes sense.