Just sold my Ferrari to buy more TSLA

Happy for all the TSLA longs, but if it were my money, I’d pull a Steve Miller band

 

RIGHT!

 

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Tesla To Raise FSD (Full Self Driving) Package Price To $12,000
https://insideevs.com/news/559453/tesla-fsd-price-increase-12000usd/

I'm an Elon Musk fan (SpaceX mostly) BUT, this seems ridiculous . Raising the price on something that by all measures/tests is unreliable and wonky is crazy.
AND is non-transferable!? subscription stays with the car, not the driver? So, pay $12k, sell the car in a year, too bad/so sad.
(please correct me if I'm wrong)

.

 

Didn't know it cost extra. Buyers would probably still click the box since most out there would think its the biggest reason to buy one.

 

Video no worky ("no longer exists, or...")?

 

Then I guess I won't see it.

 

Great story but the fact that one has to endure 60% drawdowns has to be said. If you are a capital allocator who loses 60% of your portfolio on one stock, you don't have a career. This is more a story of luck and blind faith than disciplined investing.
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Valid, but line it up against NI and the context does change.

https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-income

 

I wanted to follow up so people don't get fleeced buying into the EV mania. Do not buy into story stocks - Ever.

https://wolfstreet.com/2022/02/12/the-collapse-of-the-ev-spacs-retail-investors-got-fleeced-swiftly-and-spectacularly/

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TSLA is up what 2000% since the first post on this thread? They also went from a company making just 30k vehicles from one half empty factory to over a million vehicles a year with 3 factories running full tilt and 2 more almost online.

Nikola was a scam, but I bet at least 1 if not two or more of those other companies are similarly successful. And I bet a close look would make it obvious which ones those are likely to be.

 

If you look back at history, there were over 1500 auto manufacturers that came into existence and went bust. 120 of them existed at the same time around 1914. Something similar will happen with EVs. It's hard to be doing homework on all the EV companies. I would buy an ETF that tracks EV and the disruption around that space. Unless, you are good at picking individual winners consistently.

http://www.asymco.com/2015/02/23/the-entrants-guide-to-the-automobile-industry/
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Battery died ....

 

I commend your savvy in Tesla. You bought in at a pretty damn good time too! To my end buying in at what proved to be advantageous would have also made it hard to understand the valuations of the company, obviously those willing to take the risk did well.

I have toyed with buying in to Space X. Again, it is hard to define a valuation but being the only game in town with US .gov contracts to deliver payloads to space is very compelling to me. Big congrats on your success!

 

Is Elon a jerk? (yes, as well Jobs, Gates, Rockefeller, Astor, and a list as long as their egos)

What I don't understand though is how/why folks don't give credit due? Like nobody today says Buffet or Bezos are frauds, yet Musk gets it all the time.

To point this simple fact out makes me a "cult of Musk" member.

1. Zip2
2. PayPal
3. SpaceX
4. Boring
5. Tesla
6. SolarCity
7. StarLink

The irrational exuberance's twin sister is personal hatred.

With the exception of Solar City (time will tell, it's certainly not 'fake'), all the other companies are billion-dollar successes. Hell, even Musk's investment in stupid things like Dodgecoin made jokers ahead.

I'm not asked to like the man, I'm simply asked to objectively rate his businesses. Two very different things.

 

Toyota files patent for Stick Shift in electric cars
Hyundai files patent for 'vibration' mode in electric cars
EV cars can sound like anything you want and be as loud (or quiet) as you choose.
Feel free to choose "exhaust gas" as the fragrance you want in your atomizer

Like MP3 vs vinyl, 99% of the folks won't be able to tell the difference between what's 'digital' and what's 'analog' in a double-blind test.

Introducing Scuderia Ferrari Velas Esports 2022 Team

Just remember, I'm not arguing regular Coke should be banned....

Just saying it doesn't surprise me most folks buy Coke Zero nowadays...

 

A friend of mine gave me access to StarLink pre-IPO shares. I was on vacation and could not complete the paper work on time. Still kicking myself over that!

 

From IBD (For those not familiar with technical analysis, a cup with a handle is a very bullish pattern)

Tesla Deliveries Strong

Tesla (TSLA) on Saturday reported Q1 global deliveries of 310,048, just topping Q4's record of 308,600. Analysts had expected deliveries of 309,000. That includes 295,324 Model 3 and Model Y vehicles and 14,218 Model S and X vehicles.


Tesla produced 305,407 vehicles in Q1 vs. 305,840 in Q4. The Tesla Berlin factory has just begun deliveries, while the Shanghai plant has been closed for several days amid China Covid restrictions, and looks like it'll remain shut for at least a few more days.


Tesla stock continued to run up last week toward the 1208.10 cup-base buy point or a trendline entry around 1,145, but might be starting work on a handle.

 

Just wanted to follow up on this thread as TSLA is beaten down and lost 50% in the last year. Right now, it is underperforming the market. Turns out the cup-handle back in April 2022 was not really a bullish sign. I hope your stop orders were in place.



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It’s making lower highs. And macro wise I feel like I see my Tesla and every other intersection. And they leave lot of $$ on the table not offering people cosmetic options that they’d gladly pay for. At least offer up silver paint [emoji23].