How many reservations do they have? At your run rate, how long to fulfill? My reservation number came from tesla, hence saying 2 yrs to go thru current orders. Elon also tweeted 2 yrs orders. My production rate also came from tesla. Disagreements not good unless the dull blade gets sharpened.
I don't trade Tesla, but I do think that it's ridiculously overvalued. With that being said, Elon Musk has pulled off the impossible numerous times before. He's not someone to bet against.
Longs will hope that Elon Musk can afford to buy tens of millions of shares when Tesla defectors begin to show up en masse. TSLA looks lousy on 1/2/3-year charts, and even lousier on fundamentals. Solar City, Tesla's only "asset" (some would call it "liability"), is in winding down mode, while the Model 3 ramp up at the expense of Model X and S is not exactly moving along as hoped or promised (again). If the Fed actually starts reducing its balance sheet, the downward pressure on the market will be huge. Even strong stocks might suffer, let alone TSLA.
"There is no market for 250,000 Model 3s (5,000/week, 50 weeks) at $50k and beyond. Remember, the Model S60 used to start at roughly $65,000 including a $1,000 referral discount. With the $7,500 tax credit, that meant it was effectively a $57,500 car. The Model S60 never sold more than, say, 20,000-25,000 units per year. Why would the Model 3 at a nearly similar price sell 250,000? No, those kinds of volumes are only possible with the $35,000 Model 3. And the $35,000 Model 3 doesn’t exist because Tesla can’t sell it profitably. "
pek, u said: "And the $35,000 Model 3 doesn’t exist because Tesla can’t sell it profitably. " where the f do u get your remarks from? your butt? it's ironic as the cost to build the car is actually less than traditional cars. its a vastly less complex car than its peers making it less cost to build. margins being 25% , on par with full size suv margins from the big guys. this is why Musk gets tired of the questions because the people asking are extremely ignorant to objective facts.
If you use this kind of assumptions the only truth is: believers are the only people who are honest and know the truth. It's kind of a dogma. What you tell is the only truth. Why? Because YOU told it. That kind of arguments are pure nonsense, and they are used if there are no real arguments.
That's 0.026% of the float, or 0.42% of the average daily volume. LOL. If I would be a real believer I would buy all I can get. Would not like to share the billions of profit I can make. I would even try to take Tesla of the market with an offer.