Tesla share price

Thrugelmir

Kendall80 said:

k6chris said:

mcooke999 said:

Tesla has now trading at around -60% from it's peak in mid February. Is it worth a punt now? 

I have sold my house, children and taken out a loan to invest in this bargain.

Hope that helps?

Might've been better to hold onto the house at the moment.

At least if you own a Tesla you can make a get away. Though you won't get very far very quickly.........

wooder

'At least if you own a Tesla you can make a get away. Though you won't get very far very quickly.........'

Well, you might not get very far.... but you will get there very quickly, I've driven one and holy crap !!, they are FIREBLADE quick ! It's just a pity that they are screwed together with all the finesse of a Eastern Bloc Trabant !

Cypruseast

mcooke999 said:

Tesla has now trading at around -60% from it's peak in mid February. Is it worth a punt now? 

I really hope you did take a punt. Close on the 18th March was 373p and today they are currently trading at 727p. The 18th was the ‘most recent’ bottom for them. That’s a nice 95% lift in just shy of 4 weeks...

Grabs39

There’s an interesting idea (I read in a book about cycling and greener transport by Peter Walker), that once cars can drive themselves, and they can be summoned easily then people will stop owning their own cars.  Ownership will be via car clubs or hailed in an Uber-style app, you get in, it takes you where you need to go and you get out.  The car then picks up the next person.  This would negate the need for most people to own their own car, and the idea of having a hugely expensive asset, parked up for 95% of the time either at home or work doing nothing will seem a little silly.  This would massively reduce the number of cars out there (and in production) as one car could serve twenty families, taking 19 cars off the road.

Of course it may never happen, but the technology is there, it’s a cultural and legal change that would be needed.  Who knows in 20 years?  But Tesla’s car technology could be a double edged sword.

Not that this would effect Tesla’s value in the short term.

Username999

Tesla has already said that it would make more profit (a lot more) by NOT selling their cars, rather they would 'rent' them as Robo Taxis.

Grabs39

Username999 said:

Tesla has already said that it would make more profit (a lot more) by NOT selling their cars, rather they would 'rent' them as Robo Taxis.

Absolutely, assuming they are the best platform, are the most popular, and can remain so.

I use Facebook on my iPhone; MySpace and Blackberry seem like distant memories even though I had them first.  Technology is very odd like that, and it’s a huge gamble.

Ciprico

Scottish Mortgage Trust are now 10% in Tesla. Not sure when Tesla knocked Amazon off their top spot or the reason... any ideas...?

Username999

123mat123 said:

Scottish Mortgage Trust are now 10% in Tesla. Not sure when Tesla knocked Amazon off their top spot or the reason... any ideas...?

Don't know.
Here's SMT full portfolio as at 29/Feb and Tesla was top then.
https://www.bailliegifford.com/en/uk/individual-investors/literature-library/funds/investment-trusts/portfolio-valuations/scottish-mortgage-valuation-29-february-2020/

Username999

SMT has had Tesla since 2013.
Scottish Mortgage Stock Stories: Tesla.
https://www.youtube.com/watch?v=Di8LT1V5yYU

kinger101

123mat123 said:

Scottish Mortgage Trust are now 10% in Tesla. Not sure when Tesla knocked Amazon off their top spot or the reason... any ideas...?

https://citywire.co.uk/funds-insider/news/scottish-mortgage-tesla-shares-could-double-from-here/a1326342