Just sold my Ferrari to buy more TSLA

Taycan officially gone -replaced with another Gt3. I am much happier now.

 

Fill us in please with more details.

 

February 28, 2020:

JERRYZ wrote: "My exit point will be when market cap growth slows down to the point of being a value stock and no longer a growth stock."

sf_hombre wrote: With all due respect Jerry, that exit point may occur between 9:30:00 a.m. and 9:30:05 a.m. on THE day.


Jerry -- Hit your exit point yet?

 

As I pointed out earlier I wasn't enamored with the technology of the Porsche and quite frankly I believe they rushed the car. Drievability was very good but the UI/UX of the controls was awful as was the app. Most of the time the app wouldn't connect to their server. In a sports car this doesn't matter as much to me but in a supposedly hi tech EV it falls short. When you factor the $200K+ price it becomes disappointing. Others may feel differently but I had to get out of this car as I can see the value dropping hard once word gets out.

 

Jerry, what’s your CRD/IARD number?

 

At this stage, it’s pretty clear that most on
This thread were wrong and u made a ton of money with Tesla’s. Kudos to you!


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Tesla so much better sounding than my 458 Spider revving at 9,000 rpms

 

Well a lot of Robinhood users jumping on the bandwagon had something to do with it recently (they did the same to Nikola and Hertz among others at different times). We'll see if the company can make the current price last a few years while the economy is doing poorly. Will be interesting to see how auto sales are affected in general the next year and what happens after ppp funds run dry for business owners.

https://robintrack.net/symbol/TSLA?symbol=TSLA

 

Not disagreeing but Jerryz put his money in Tesla 6 years ago now and, according to him, kept adding and never sold so if he were to exit now I’d imagine he would have done well for himself!


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I don't understand why we can't love both the roar of a 458's V8 and also love the crazy acceleration of a Tesla too. I don't see anything wrong with driving my P100D everyday and on long road trips with all of the benefits of an EV on a daily basis and then taking a Ferrari out for a fun weekend drive.

What Tesla really needs to do though is stop screwing over their long time supporters and early adopters by taking away features or degrading performance with their ability to force software updates. Tesla used to have far and away the best customer service, but in the last couple of years it has gone in the toilet. So far this hasn't hurt them too much, but if they don't change soon they're going to develop a terrible reputation.

Yes, yes I do.

 

NASA paid Boeing to put Americans back in space as well...doesn't mean NASA makes good decisions so I'm not sure why you bring that up.

Tesla's sales of their S and X have been consistently declining since end of 2017 and the growth in sales has been the 3 and Y. Sales doesn't equal profits and the low price point of the 3/Y is meant to bring in people who couldn't afford the S/X. A lot of those people will be thinking twice about a new car purchase the next few years. That's not even going into the profit margins on the 3/Y vs the higher priced models or the price point competitors are going after. It will be interesting to see how this recession affects the auto industry as a whole and not just Tesla.

 

1. Tesla topline growth has slowed considerable in recent quarters. Hardly "extreme" anymore.

2. Some of this growth can be brought into question in light of the ballooning accounts receivable. What other car maker carries massive accounts receivables? None. Musk has yet to explain pointed questions to this end.

3. Tesla consumes cash like no tomorrow. To keep the lights on it must finance and then finance some more. This is clearly unsustainable.

The company is at or about the most valuable car company on the planet, right up there with Toyota.

This won't end well.

 

You yourself said Tesla was an "extreme growth company" . Presumably you did so based on sales. Ok, let's look at the sales -- last 8-12 quarters that growth has slowed quite a bit and "extreme" is hardly the correct description.

Umm, do you follow this company? It has been cash flow negative since inception and continues to be cash flow negative. They have to and do raise money on a regular basis to make up the shortfall. You should read their financials from time to time.

No one drives off the lot with a new car without paying for it. If it is financed, the financing has to be completed before you take possession. This is why no other automotive maker on earth runs a high level of accounts receivable. Mysteriously, Tesla does. Musk has been asked about this anomalous feature yet he keeps dodging the question.

Keep drinking the Kool-aid, sir. Best of luck....

 

I think he and every other tsla bull are drinking champagne right now, while you wallow in your own piss lol.

 

@PeteClemens, @JERRYZ started this thread 6 years ago on 2/14/2014.

Tesla was trading at $200 that day.

It passed $1,000 which made anybody that took his advice a 5Xer.

Regardless of what happens in the next 6 years, he's already more then proved his call.

 

We know sedans are out of favor, I suspect Model Y will gin up sales quite a bit. Not everyone can afford a Model X.

huh?
The question I have is *do you* follow this company?

Let's assume 100% of the AR is fugazi, it still makes up only 20% of their balance sheet, hardly something that is end of the world. Btw, they said 10% of the AR is from credits, I've read even Fiat confirm this.

You don't understand that Kool-aid can be drunk by everyone, including you. But I do know his call was a 5xer!