They were a start-up with the roadster, maybe even with the S. They are over a decade old on their third complete vehicle. They are not a start up. They are simply an unprofitable automobile company.smkettner wrote:I agree if Tesla had stopped with the Model S.EatsShootsandLeafs wrote:I disagree. There is a strong trend. Here is what it looks like:smkettner wrote:I will hold my breath until the 2nd quarter sales and financials are released.
Tesla has been in constant transition making it difficult to determine a trend.
- semi-constant losses followed by
- occasional profitable quarter and promises of more of the same followed by
- more losses followed by
- promises of "next quarter it will be different"
This company has been promising pending, sustainable profits for many years. They have been unable to deliver. Here we are almost two years out from production start of the model 3 and all they can do is burn cash.
This is a very difficult business to break into as the numerous failed car companies attest to.
I see Tesla as a sequential startup. Need to achieve critical mass before a steady cash flow or profit is seen. Could start to level out after Model Y is in production for 18 months but even then the Semi and pick-up will still be in startup mode. The stock price could fall dramatically before any real value is obtained.
TSLA is compared constantly to Amazon. I have no idea why. People can easily call to mind Amazon, which is now an insanely successful company and has beat out literally millions of others, as if their path is somehow cleared for Tesla.LTLFTcomposite wrote:Meh. Look at historical charts for Apple and Amazon. As my great aunt used to say it's a long road that doesn't have a turn. When Amazon dropped from 360 to 4 it was a good time to cover the short position, rather than waiting around for it to go back to 2000.
I can't help but think there are more than a few folks who wouldn't mind backing up the train. Tesla has their problems for sure, but betting against people finding solutions to problems is a risky proposition. There are many more chapters to be written in this story.
Well, it closed at around $192 on May 22nd. It looks like in pre-markets right now, it's at about $185. Will be interesting to see if tests support at around $180 and holds or goes below it...cwerdna wrote:Looks like the next level of support is around $180. If it goes below that, then looks like the next one is at around $140.EatsShootsandLeafs wrote:Down 6%+ today, no end in sight.
I will repeat as I have before: anybody long this stock should not be. The price premium is too high and does not make sense
Its main strategy at this point appears to be the hyperbolic claims of its CEO.
Agree with the part I quoted. Often, TSLA's price upward moves and trends are totally irrational.
Agreed. Tesla was founded in 2003, supposedly July.EatsShootsandLeafs wrote:They were a start-up with the roadster, maybe even with the S. They are over a decade old on their third complete vehicle. They are not a start up. They are simply an unprofitable automobile company.
Very good comment. We are years away from autonomous technology being legal and regulated. You're probably correct in that the company would likely be indemnified.Nubo wrote:The only way autonomous driving is going to work any time soon is if the government indemnifies the automakers similarly to how they indemnified nuclear power plants. The point isn't whether the technology is better than the "average" driver. If it becomes a driverless conveyance then the manufacturer is liable for each and every accident. And they have nice deep pockets. The automation in that case has to be practically perfect, not just "better than average". That's a huge gulf.
This isn't a Tesla problem, it's a social problem driven by people who can't bear to be torn away from their smartphones, and the manufacturers have swallowed the Red Pill thinking it will lead them to the next Killer App. To quote Morpheus, "Ironically, this is not far from the truth".
Just drive, folks.