Ford killed its ev lines, goes with hydrogen. GM is working with LG, it got no battery production capability. And Japanese car makers with hydrogen as well, or hybrid. Tesla is competing with BYD, from 7k small cars to 100k luxury vehicles. The hard fact is this space will be Chinese dominated in the foreseeable future.
I guess you cannot sleep. Simply don't look at it. Afterhour market volume is too low for it to be meaningful. Also, don't try to rationalise things. Let the professional writers do all the rationalizing.
Indeed. It looks like a little fake bounce for the wallStreetBets fanboys..then more serious downside. Tomorrow pre-Market will prolly also be up..they LOVE aftermarket and Pre-market
So? There's no money in cars. BYD is at the same price it was nearly 3 years ago. Ford hasn't budged in 2 years if you bought it then and held on. Ditto GM. TSLA is underwater from 2 years ago... but TSLA is not a car company. I mean it is, but it's not. To quote today's release: "We have been investing in the hardware and software ecosystems necessary to achieve vehicle autonomy and a ride-hailing service. We believe a scalable and profitable autonomy business can be realized through a vision-only architecture with end-to-end neural networks, trained on billions of miles of real-world data." And this: "we expect our hard ware-related profits to be accompanied by an acceleration of AI, software and fleet-based profits." The last mile to FSD will be a long one, but they will get there. They are doing all the right things. And a $160/month EV may be a huge loss leader for now.... but the data all those millions of new eyeballs out there will be gathering to achieve this.... will make BYD and any other wannabe's look like the Studebaker Car Co. I said it in 2021 (and long before that), but I'll say it again in 2024. Elon's not worried about quarter to quarter noise. He's thinking years ahead. He's a traveler. Lots of shorts are gonna learn that tomorrow, and I suspect also in the months and years to come. ~vz TSLA---$163.98
When is FSD finally going to work? Here, driver looks down at his phone while on FSD, and he runs over a motorcycle. Instead of charging the driver, they should be charging Tesla. https://www.kiro7.com/news/local/ch...torcycle-accident/FFXZIGDW45CWXCMZJFD4LPLUPI/ Every single thing that Tesla has been doing these past few months is all vaporware. The $99 FSD monthly option... the Robotaxi.... all desperate attempts to pump up the stock price. Edit: Ok, so driver was apparently on Autopilot, which I guess isn't the same thing, but it all point to how stupid it is. Autopilot, FSD Beta, FSD Supervised... they are all pretending to be something they aren't.
Come onnnn. Did you really have to mention this??? This was thrown out days ago and brought back in the earnings call to hype up the stock. Nothing but hype to get the stock propped up after a disgusting pathetic quarter. Nothing about any of these numbers were great.
Wasn't oversold. Did you see the quarterly results. That has a sub 100 stock price written all over it.... Did you see THE FREE CASH FLOW numbers for the quarter A MINUS $2.5 BILLION.... THATS A -NEGATIVE $2.5 BILLION from a positive $441 million free cash flow number a year ago
Also keep.in mind tesla has a $2.7 billion dollar buildup in inventory and $1 Billion in capital expenditures on what they say is AI infrastructure. Gotta throw that ai in the earnings call to get that additional hype because we all know over 87% of tech companies this quarter will use that as a way to prop up their "future earning potential growth".