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Wait a minute...you're calling me a fanboy? Someone who actually justifies enjoying driving a Prius, a car about as exciting as Ambien?? Trying to clutch to articles claiming how green they are using pseudo science? That's extremely funny
1. Loving your own car and enjoying driving it and being proud of that is not the same as going gaga over a company or some guy who leads the company. Btw, note that I have never insulted anyone else's car OR their likings here.
2. Even Elon has noted that there are bad times ahead (i guess you know more than him?), the slowing of EV market, and a stock that has dropped by more than 50%.
3. Just because a research study did not come to the conclusion you want does that make it "pseudoscience"...obviously, it's not a peer reviewed article in a journal, but it wasn't meant to be and the usual rational response would be to address the points made in the article OR point out other comprehensive studies that are in line with your biases.
4. I'll also point out that I didn't say they weren't a dominant player now at 55%, but that their dominance has waned over time.
1. Loving your own car and enjoying driving it and being proud of that is not the same as going gaga over a company or some guy who leads the company. Btw, note that I have never insulted anyone else's car OR their likings here.
2. Even Elon has noted that there are bad times ahead (i guess you know more than him?), not to mention their slowing sales, the slowing of EV market in general, and a stock that has dropped by more than 50%.
3. Just because a research study did not come to the conclusion you want does that make it "pseudoscience"...obviously, it's not a peer reviewed article in a journal, but it wasn't meant to be and the usual rational response would be to address the points made in the article OR point out other comprehensive studies that are in line with your biases.
4. I'll also point out that I didn't say they weren't a dominant player now at 55%, but that their dominance has waned over time.
Obviously you are going to lose market share as more players enter the market, that's how it works, no matter how big (or small) you are. And is it a fair assumption that 55 percent means you dominate the EV market?
Total EVs sold in 2020 were 252K in the US. Total EVs sold in 2023 were 1.189M and the market has grown from under 2% of total US car sales in 2020 to 7.6% of total car sales in 2023. According to JD Power, (https://www.jdpower.com/business/res...ionreportfeb24) EV market share is currently projected to grow to 12.4% in 2024.
Did we expect the other automakers to just sit idle and let Tesla become the only EV manufacturer? I'd much rather have 55% of 1.2M vs. 80% of 250K
Total EVs sold in 2020 were 252K in the US. Total EVs sold in 2023 were 1.189M and the market has grown from under 2% of total US car sales in 2020 to 7.6% of total car sales in 2023. According to JD Power, (https://www.jdpower.com/business/res...ionreportfeb24) EV market share is currently projected to grow to 12.4% in 2024.
Did we expect the other automakers to just sit idle and let Tesla become the only EV manufacturer?
Which is the explanation of why Tesla lost market share. And it's too the benefit of consumers, even if it has a negative effect on Tesla's balance sheet and vehicle market value. Price cuts would have never happened otherwise
1. Loving your own car and enjoying driving it and being proud of that is not the same...
That's not going gaga? Lol
Friend, you basically did a thread laying out a thesis how your car is better, in a round about way and in my opinion, and because you drive a said car like it. Lol
The supporting evidence for the thesis was science that in my opinion is based on models and propped up by axioms I don't agree with but can't say anything because it delves into topics I am not allowed to discuss here.
Honestly, feeling like a little baited, just saying, and that's all I have on that.
A guy I follow on Twitter who has a background in financial modeling and does a TON of research within the automotive companies has said he believes TSLA will end 2024 at $293/share. He's also predicting that tomorrow TSLA will report approx 20k registrations in China (apparently they announce this weekly??).
Watching him for some time, I find him to be extremely accurate in his predictions. He has been right on many things over the last 9 months since I followed him. I have taken screen shots of some of his predictions and then go back and look when earnings are reported and he is overall very accurate.
So...... are you taking the over or the under if the price target is $293 at end of year (that would be about 50% from here)..?
Who is this person on X specifically? I don't have any idea where TSLA will be at the end of the year as you can see currently there is very little institutional interest in Tesla stock they are all piling into Nvidia instead.
Speaking of, I predicted NVDA to hit $1,000 that is looking quite likely. Of course I have regrets not buying more.
TSLA has a distinct pattern do nothing for years then shoot up. Rinse repeat. We're at another state of this from the finance media, this time Tesla will never solve FSD. And the bot and Tesla energy are completely ignored.
Who is this person on X specifically? I don't have any idea where TSLA will be at the end of the year as you can see currently there is very little institutional interest in Tesla stock they are all piling into Nvidia instead.
I just averaged down and am now just under $190 myself. We can either cheer or cry together
Eh, we'll end up cheering . May take some time though. It can be frustrating that it's not taking the Nvidia path, but TSLA has never failed me yet. It's not your traditional investment for sure, but patients will pay off. I bought a block around Dec 2022, and a few months later I was able to sell that block and pay off my Model Y.
Remember, it hit over $1000 at one time and split. It will do it again
Eh, we'll end up cheering . May take some time though. It can be frustrating that it's not taking the Nvidia path, but TSLA has never failed me yet. It's not your traditional investment for sure, but patients will pay off. I bought a block around Dec 2022, and a few months later I was able to sell that block and pay off my Model Y.
Remember, it hit over $1000 at one time and split. It will do it again
Just like you, I'm in no hurry. I have a few positions that I treat shorter term, where I have a feeling something good is going to happen and I'll quickly sell out if/when it does (1-3 month horizon). But the vast majority of what I buy are things I intend to hold for 5+ years. If something falls too much I'll sell it (ex: RIVN fell 40% for me) and wait 30 days and see if I want to buy it again.
Only real risk for Tesla stock is if Elon doesn't get his comp package restored if that happens I think he will leave Tesla. Would not blame him one bit he worked himself nearly to death and got paid zero.
. May take some time though. It can be frustrating that it's not taking the Nvidia path, but TSLA has never failed me yet. It's not your traditional investment for sure, but patients will pay off. I bought a block around Dec 2022, and a few months later I was able to sell that block and pay off my Model Y.