TSLA hemorrhages money. Ford is Ford. They know what they are doing. Water seeks its level. Paper tigers eventually die. TSLA is not going away, however, .... rationality regarding valuation will set in. It should be a $70 stock. And it will. Plan accordingly. Reverse mortgage Granny's place. Thank me later.
A Forward PE of negative 363.... Gee,..... I wonder why Berkshire hasn't bought in. What are they missing?! Don't they know about the new economy?!
Yes, that is quite impressive. For Ford or anyone else. Will they be a strong competitor, Yes and No. If / When they come out with one, the people loyal to Ford will consider an electric car over Tesla because Ford has been around for 100+ years, they have dealerships everywhere and people feel more confident buying from Ford as opposed to a new guy on the block. Ford has an established reputation, Tesla/Musk is building his. BMW has an electric car, so does Mercedes. GM's Chevrolet Volt has been doing well. Toyota, Kia, Hyundai, Nissan, Audi, Fiat.......they all have electric cars too. Tesla gets a lot of attention because of Musk and his Space X rocket company. He was the first on the block with his electric cars and if it was not for him, the other auto manufacturers would not be as far along with their research on electric, driver-less cars. He gets major credit for this. Tesla has shaken up the auto industry like Henry Ford did with the assembly line and Preston Tucker did with his innovations, even though his company never got off the ground. But, Tesla does not make money and the major manufacturers (GM, Ford, BMW,Toyota,Honda) have lots of money, unused manufacturing facilities and lots of engineers. Tesla is going to have to offer a superior, unique product affordable for the middle class if he wants to survive. And it has to make money. Otherwise, Tesla is going to get left in the dust by the established auto manufacturers. I hope he survives, but he needs to start making $.
//////I hope he survives, but he needs to start making $.///// TSLA is the greatest short of all time. Its not Facebook, its not Apple, its not Google... its a friggin car company. The PE should be a 9.... and thats if he had friggin earnings.... OMG, I'm sorry..... but this one cracks me up.
I am aware of the stats. I hope he survives because he would win like David won against Goliath. I don't want to see anyone lose their job. Tesla deserves to have a much lower share price than it does, but I don't want to see it go bust. If it was Chinese...sure..... bust away.....but not an American company....
Agree 100%... And honestly, I admire the guy. My mocking is directed at Wall Street, CNBC, and a cultural mindset that in essence is paying $363,000 for one McDonalds value menu cheeseburger. He'll survive, and he'll win.... but that being said.... I wouldn't buy the stock right now.
TSLA is in a big squeeze play that is shrinking, now it's 226.12 & 221.64, one of them has to give eventually.
I think it will take out $226 before $221... I'm actually in long today with the 222.50 calls. (I hate going log, especially this pig, but it is what it is)