He still would have made way more money had he bought at that price vs having shorted it, like you said he’s been paying margin calls for 4 years, and big calls. He will also miss the bottom, and will give back all of his gains when the stock improves again because it’s not going to go to $14 lol

Remember back then the company lost money,
massive amounts of money. Now we are complaining about revenue flattening…just for context.

Tesla isn’t going anywhere and their ability to open up additional revenue streams and their continuing reductions in cost to serve can’t be overstated. I would even buy the stock today if you have a longer term outlook

 

To be fair I took your bullish financial advice on CL in 2023/2024 to buy Tesla and it has been a massive loser.

Let’s hope you are right this stock will turn around. I don’t mind holding long but I sure hope I don’t live with massive regret.

 

Tesla is no different than any other stock, timing is everything.

What did you buy at Dave?

 

I’ll look when I get in front of pc. Schwab phone app is limited with data I can find

 

Might be better not to know lol

 

in January at $215.60 Had a bit from 2022 as well. Neither have worked out well so far.

 

Some of the worst financial decisions I have ever made have been buying stocks, seeing a decline in the short term and selling to manage losses only to see the stock head off to the stratosphere over time. For the record, I have only ever bought and have never sold TSLA. I have some underwater that I bought recently, but my initial investment was at $17. My own view is the current underperformance is temporary and I remain bullish and plan to hold. Main takeaway I guess is if you buy because you think the stock is a good long term prospect then you have to tune out the short term noise. TSLA for me remains a solid long term prospect.

 

Ugh...

Yeah I play around with stocks for fun, otherwise I let my financial people do it.

 

$17??? Wow 👍👍

I got in at $140 before the 3 way split 2 or 3 years ago. Long term hold here too.

 

I doubt it's going to $14 as well. I believe he probably said that as an exaggeration. He does have a good record in predicting clean energy trends as he and his hedge fund specializes in it.

https://www.ft.com/content/6d7fe0a2-...4-fc2323268e94

I think his point is that massive loses are ok so long as you're on a fast growing market, but growth stocks are tied to future growth, so if there is no growth then the P/e should reflect that.

If Tesla can somehow reverse its decline in market share in EVs and can compete effectively in China, then it can live without the first mover advantage it had earlier. I would not depend on future revenue streams suddenly appearing magically (perhaps revenue from charging? selling its FSD software?). It's a car company (not a sofware company like MSFT), and if it stumbles selling cars that's not good. Remember it discounted models heavily and that did not seem to translate into significantly increased deliveries, which points to a soft EV market.

Oh, so yes, if the BEV market suddenly accelerates growth again, that would def help.

 

Except for the fact that the stock went up $180 a share after he shorted it lol

This is not going to reverse. As more manufacturers make EVs of course Tesla's market share will go down, while their vehicle deliveries go up. Musk has always said this and investors understand this.

Revenue from its Supercharger network is the biggest future boon to Tesla. Thats a $20B revenue source:

https://electrek.co/2023/08/25/tesla...iness-wedbush/

Its really not a car company, its an energy and technology company that makes cars. Tesla is nothing like a traditional car company.

 

99% of its revenue comes from manufacturing and selling a vehicle with 4 wheels...it's a car company.

 

You need to do more research into Tesla as a company. It’s way more complex than that.

Thats like saying Apple is a hardware company. It’s not.

People have been downplaying Tesla and prognosticating its failure all through its history, and they have been proven wrong time and time again.

 

I've never explicitly told anyone including you to buy TSLA. On that note, I never buy stocks when the market is euphoric for example currently I'm not buying Nvidia in fact I sold recently. Not to say Nvidia won't go much higher but I bought to make a quick buck and get out.
Let's hope you don't actually take financial advice from strangers.

 

So I looked it up, and 6% of their revenue comes from energy and storage. I assume that means 94% of their revenue is from manufacturing cars. As a comparison, Toyota makes 90% of its revenue from making cars.

So yeah, they're a car company with a side business.