Just sold my Ferrari to buy more TSLA

Yes, it does indeed sound like he's formed a religion around Musk. Just like the leftists make their religion around global warming, err, uh, climate change.

 

Who is this Elmer Musk everyone is referring to?

 

Johannes Gutenberg


Sent from my iPhone using FerrariChat

 

Based on bang for the electric buck I'd chose a Chevy Volt over any Tesla or the coming E Porsche. Musk is running a great Ponzi scheme....he knows how to sell the con to investors but he has yet to return a nickel in profit to any of them. All electric cars are based on government subsidies...but the ones to invest in by buying them are the disposable toasters on 4 wheels...the Leaf, the Volt, all the relatively low end stuff. Yes the Tesla is fast. But where short of a race track is it safe to try 0-60 in 1.5 seconds? And even the best heeled among us must be grinding their teeth at the constant escalation in service and repair costs for modern cars. The smart money will buy used pre-emissions gasoline cars...Volvos, BMW, Mercedes Toyota, Jag, Alfa, any Ford or Chevy...solid basic engineering that even a nerd could work on with some tools from Sears.

For those who buy the Tesla religion, more power to you. Same with Bitcoin and Tulips and the dot com disaster. But if you can't point to a real profit, don't invest in the company nor buy their product.

 

Yeah, but you will drive a car that only proctologists, accountants and legally blind people will like. You will brag about 0-20 performance, argue with all your friends that is is "just as good as a Ferrari ", be annoyed at everyone that points out that the 'car' that weighs 2 million pounds handle curbs like a blue whale, and forever irritate all your soon-to-be former friends about the benefits of a souless, flat iron that is an embarrassment that the valet parking guy will park 2 miles away from the restaurant.

My Ferrari will be up front!!

 

Hi Rob,

Tha is hilarious. Here I was, thinking I was funny, and then you creamed me. That movie was awesome!!!

 

Rob has both, so I argue he has best of both worlds...

The only performance downsides I've been able to sincerely deduce is engine note*, and long-term tracking (i.e. Nurburgring) - Price comparable stock Teslas seem to have stock ICE's beat in the straights - and I argue that gulf will only widen, hence even Ferrari waving the white flag and going all hybrid (and according to Automotive News) - even a (gasp) all-electric car. I do believe that Tesla will pull off a roadster gen 2 that will hit 0-60 1.8 1/4 less < 9. That is a game changer. For public roads, the handling is more than adequate on the S/Roadster, they do not handle like whales.

*Current video game generation also seem to prefer the blow-drier whine of the motor, I know my kids like the Tesla sound more then ICEs.

Does this mean I love Tesla now? No - I got to try each of the first manufactured models before general public (Roadster, S, X, 3) heck even the MB-B when they were developed. They are not for me but doesn't mean they are bad cars, and Musk deserves credit for pulling off an amazing feat (politics aside)

 

I guess its a good thing im an old guy because while I respect what Tesla has done I still prefer the roar of an ICE, think Han shot first, books are better then digital, and prefer to talk to people face to face instead of via text.

 

“Han shot first” bahaha! Damn right he did, he’s a smuggler!

 

if he *had* of bought bitcoins with the money from selling his ferrari then he'd of made $4.1m usd

 

i dont wanna hear about bit coins.................. thats all im gonna say about that.

 

you're not alone, I had several million £'s worth of them at one point, gone forever!

 

Probably hacked and stolen is my guess...without a trace of course.

 

I be seen Telsa berlina X, this is amazing what they do today. Around 95k€ but full equipped, 300 km autonomy interior is incredibly beautiful.

• 4 year, 50,000 mile (whichever comes first) new vehicle limited warranty
• 8 year, unlimited mile battery and drive unit warranty
• Battery owned by you.

Last year sales was 13720 unit's. Number increasing always, so it s a good thing.

 

Most of the guys who drive their Ferraris to restaurants only, don't care about acceleration or handling as much as about impressing other people.
They achieve their goal with F car, with Tesla? Not really.

 

How long will that remain the case?

Anyway, I have to applaud the OP: JerryZ. I think he did well with his move and he hitched himself to the future.

And definitely give credit to Musk. Its always easy to be a critic. But he has created.

 

Maybe. Maybe not.

 

$290 level was MAJOR support, MAJOR, it broke that today after many bounces at that level over the last year. I like tesla the company but as a trader, once a major support like that breaks, its over for the meantime. It has alot of technical damage thats been done to the stock now and the algos will be selling handily and being at new 52 week lows there is now MAJOR overhead resistance and tons of sellers above. ITs gonna be tough to move back up without good news.

 

This stock if falling quicker than a tesla in ludicrous mode. So, is it a case of Buffets law "buy when everyone is selling" or get out before the avalance rolls you up in a ball and kills you.

Anyone a buyer?

I have never owned the car or the stock and don't intend to own either anytime in the future.