$7500 tax credit starts January 1st, people were delaying orders till then.
$7500 tax credit starts January 1st, people were delaying orders till then.
They're eating the Penguins, they're eating the seals...
Musk just said on twitter spaces that he doesn't intend to sell anymore stock for another 18 to 24 months. He's sold all he needed to
On the negative side, he thinks there's a hard landing coming in 2023
They're eating the Penguins, they're eating the seals...
To me that is the dilemma being a tax credit, which unless you are declaring income to use it, it is useless for most.Originally Posted by boneil
For one thing, I am retired and carrying enough business losses to offset any taxable income without any credit. It would be nice if they offered it that it could be applied toward your taxes or electric cost.
Last edited by digthemup; 12-22-2022 at 07:50 PM. Reason: spelling
Same here for any type of credit, we can't use one in a single year.
As usual, it's geared for high income working persons, not retirees.
Two common mistakes I see in this thread. Mistake 1: Buying this at nosebleed valuations. Mistake 2: Believing in Musk telling the truth. In the end, both mistakes will make you broke!
Present capitalization exceeds GM, Ford, Toyota, Honda & Hyundai combined.
Total production is less than the volume of the top models, for any of them.
Likelihood of intense pain and shareholder disappointment = Extremely High.
It's easy to criticize a stock when you don't have skin in the game.
I understand the desire to value Tesla as a car company. If you want to ignore the energy side of things or the tech. But, if you ignore the tech do you value APPL as a hardware/phone company? Did you value AMZN the same as barnes and noble?
But I'm guessing that you guys never looked at Tesla's financials and compared them to the other car companies or to Apple, Google, AMZN or any other tech company
Last edited by boneil; 12-23-2022 at 02:22 AM.
They're eating the Penguins, they're eating the seals...
Something really interesting, is the commentary after the twitter spaces. Tesla bulls feel better and are happy with the commentary. But so are Tesla bears. I've seen several bears, who are actually short the stock, who are more confident in their short.
It's a good bull/bear fight going on now. First time ever the bears have made money, and it sounds like they are pressing. How much lower we go? who knows. But yesterday looked like capitulation to me.
They're eating the Penguins, they're eating the seals...
Spent time looking ... seems the steering wheel is similar to Hyundai, tires in four locations just like Ford, recharges similar to Toyota, amazingly there's a radio like the new VW and apparently the GM autonomous software is exceedingly better. Between the manufacturing capacity of the considerably larger companies, extensive dealer networks, vast media, etc., I'm going to diagnose a dire situation. They're not going to compete with the legacy brands. Subaru could replace them, with only part of their build capacity, and yet immediately engage a better local sales and service presence. If they had 10X the cash, they still won't withstand the onslaught, it's going to come from multiple fronts, simultaneously, with more experienced hands. Again, just my assessment.
If you really spent time looking you would realize the model S and X have a yoke, not a steering wheel.your opinion on Tesla is a popular one though.
They're eating the Penguins, they're eating the seals...
Yeah, yeah ... it's on the same side, makes axles go left/right/straight.If you really spent time looking you would realize the model S and X have a yoke, not a steering wheel.
Of course, the Tesla is flight ready. SpaceX's evil twin, makes sense.
Apple makes a fancy Sony walkman. You think Blackberry and Nokia can't take on Apple?
They're eating the Penguins, they're eating the seals...
I'm good with any justification you find. However, it's not me driving TSLA stock into the dark abyss.Apple makes a fancy Sony walkman. You think Blackberry and Nokia can't take on Apple?
Personally, I'd be thrilled to see someone compete with any of the large international conglomerates.
However, that's not the world we live in today. Rivian, Tesla, Lucid and Canoo just aren't very likely.
There's a higher survivability factor (read as buyout) for providers helping to adapt current markets.
I'd look at the technology side, less tooling/manufacturing is a positive. Autonomous software, etc.
And, no, Tesla doesn't count on the technology side for me. Too vested into physical auto production.
Production in Shanghai is now suspended. Guessing COVID has them by the shorts.
yeah Covid is ravishing China. They had a planned shutdown due to holiday but they shut down a week or two early, my guess is because of covid. I'm expecting Berlin plant to shut down due to energy shortages sometime this winter. I'm surprised there's still a backlog Europe, I can't imagine wanting to buy a car when your worried about heating your home.
They're eating the Penguins, they're eating the seals...
Tesla down to 115.
Looking for it to crack $100 and flush to $83 before I close any shorts.
Earnings at the end of January will be bad I think. Maybe after that will be the bottom and things will turn better for Tesla.
It will. It's trading under 20x next years earnings. I've been reading lots of long time TSLA bulls getting margin called. Have to use the mistakes of Musk, and the mistakes of margin users to our benefit. How low will it go? No idea and I never would have thought it would be this low. I would rather buy 3 shares at $100 than 1 share at $300. But I'm holding till 2025 atleast and hoping to hold well past 2030.
They're eating the Penguins, they're eating the seals...
Can you imagine buying this at $400 on margin!!!! Don’t gamble with money you can’t afford to lose and definitely not on margin! What the heck were people thinking with these valuations, it would just go to the moon forever? A lot more pain ahead. I would urge strong caution catching the falling knife on this one.
Last edited by ETexBasscat; 12-27-2022 at 01:11 PM.
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