Tesla share price

AnotherJoe

Gadfium said:

AnotherJoe said:

GM now look like chumps but as someone else said, well there's no change there then so no harm done. Effectively they were building their own truck with a Nikola look (but all GM components) with Nicolas money. For £2Bn in stock and £700M in cash. Except there won't be any cash and the stock is now worth half what it was . 

So, maybe they won't build it now. Give them a few months to gracefully back out. Technical difficulties, focussing on GM product, whatever. 

I'm sure that the deal was to get GM access to Nikola's EV tax credits.

Good point. Though I doubt Nicola will actually be in existence to have any by the time they are making this thing.

solidpro

Username999 said:

solidpro said:

People who don't own a Tesla think BEVs are BEVs. Like owning a BMW is like owning a Mercedes.

There are other cars in 2020 with battery capacity and stated range at 62 miles an hour.

There are no other cars in 2020 with the battery capacity and second by second intelligence to make that range work it's best for every second. There are no other cars with a (developed) worldwide supercharging network which for many owners is free to use. No other BEV has software that tells me when I get in where I should stop for a break in 200 miles to make it to my destination and back again, without me having to plan a journey - and my car is 5 years old. No other car quites shares it's data between all other of it's own cars on every road teaching every other Tesla how to better drive it next time. It's application updates which happen whilst I am asleep that add real-world improvements I notice when I drive. The reason Tesla is successful is not because it's made a car, it's made a solution which is 25% the car.

So many investors are impressed when Nikola say they have a battery in a car with a range and talk about GM but it means nothing. It's about 15% of the solution.

I'm not a Tesla fanboy but I am an owner and understand the product I've bought, having owned Nissans, VWs, BMWs and so on over the last 20 years and why it's value is beyond compare to anyone else in the marketplace.

How's the build quality and paintwork on your car?
I know Tesla are making improvements in those areas. I think with the help of Sandy Munro.
I don't think people yet understand that Tesla is not 'just a car'. 
Hey ho

PS. I had an EV for 12 months back in the late 1980's !

It's great. I bought a second hand Model S which was 60% cheaper than new, but only done 38,000 miles and came with a brand new Tesla 4 year warranty. They came out to remedy a slightly wonky bit of glass and while he was here did a recall I hadn't noticed. I charge for free at my local health club or via superchargers on long journeys. When we move, we will charge at home using Solar.

solidpro

AnotherJoe said:

solidpro said:

People who don't own a Tesla think BEVs are BEVs. Like owning a BMW is like owning a Mercedes.

There are other cars in 2020 with battery capacity and stated range at 62 miles an hour.

There are no other cars in 2020 with the battery capacity and second by second intelligence to make that range work it's best for every second. There are no other cars with a (developed) worldwide supercharging network which for many owners is free to use. No other BEV has software that tells me when I get in where I should stop for a break in 200 miles to make it to my destination and back again, without me having to plan a journey - and my car is 5 years old. No other car quites shares it's data between all other of it's own cars on every road teaching every other Tesla how to better drive it next time. It's application updates which happen whilst I am asleep that add real-world improvements I notice when I drive. The reason Tesla is successful is not because it's made a car, it's made a solution which is 25% the car.

So many investors are impressed when Nikola say they have a battery in a car with a range and talk about GM but it means nothing. It's about 15% of the solution.

I'm not a Tesla fanboy but I am an owner and understand the product I've bought, having owned Nissans, VWs, BMWs and so on over the last 20 years and why it's value is beyond compare to anyone else in the marketplace.

I'd say "nearly"  I dont own a Tesla but i do own an EV and i realise very well the advantages Tesla have especially taking the SC network into account.

Maybe people who dont own an EV think a Tesla is just another EV ?

Unfortunately for me but not my wallet, the Model Y wasn't available in the UK when i was buying (still not available?) and the S and X are too big / more than i want to spend.

Depending how inconvenient i find my rare long distance (>300 miles each way) trips are over the next year or two i may end up getting a Y. Or it might just be easier and cheaper to rent one for the week when i need it. Or an S.  

I believe their China factory is going to build a super-mini tesla aimed at the far east. This would probably be Mini-sized but come with all the things I think make it a solution, rather than a car.

Thrugelmir

Username999 said:

Tesla (TSLA) is officially going to join the S&P500 and it is sending the stock price on a wild ride in after-hour trading.
Up 14% after hours.

Dot Com boom all over again. 

AnotherJoe

Thrugelmir said:

Username999 said:

Tesla (TSLA) is officially going to join the S&P500 and it is sending the stock price on a wild ride in after-hour trading.
Up 14% after hours.

Dot Com boom all over again. 

Keep telling yourself that. That sort of thinking is why I didnt buy Amazon but luckily I didnt make that mistake with Apple ("its just a phone" or Tesla "its just a car".

In other news the latest EU emissions standards proposed for 2025 would make ICE cars uneconomic to produce or buy. Literally.

Probably not going to happen as soon as that as it would put the EU car manufacturers out of business but yet another sign that the change to 100% EVs is inevitable and ramping up.   

Unfortunately for them VW's current "EV poster child"  the ID.3 doesn't seem to be selling very well (a decent car but expensive compared to the competition and some serious failings and i wonder how enthusiastic VW dealers are selling it?), is way down on the numbers they forecast start of this year. Maybe the ID.4 will do better but at the forecast price Tesla beats it hands down car vs car comparison plus Tesla has the charging network. (FWIW Renault are doing a good job with the Zoe but they really need a replacement for when the Tesla "Model 2" (smaller car) arrives.

The thing the EU manufacturers missed (so far anyway, not too late to fix, installing chargers isn't , to coin a phrase, rocket science ) has been not putting enough money into charging networks to make their EVs more attractive, every failed charging experience for once of their EV customers is a likely sale for Tesla next time round. They have Ionity but its not that widespread and very expensive, much more expensive than petrol. Its a sort of "emergency only" option for most drivers and then of course its a self fulfilling prophecy, doesn't get much use and no doubt the execs can say "see no one wants it" and  ̶w̶a̶s̶t̶e̶ spend their money on advertising instead..

So, in the meantime, until they get their act together, which may be never because the Chinese and South Koreans may stomp all over them before they do, Tesla get to have the lead unopposed where they choose to play.

Thrugelmir

AnotherJoe said:

Thrugelmir said:

Username999 said:

Tesla (TSLA) is officially going to join the S&P500 and it is sending the stock price on a wild ride in after-hour trading.
Up 14% after hours.

Dot Com boom all over again. 

Keep telling yourself that. That sort of thinking is why I didnt buy Amazon but luckily I didnt make that mistake with Apple ("its just a phone" or Tesla "its just a car".

As Tesla moves straight into the top 10. Then the impact on passive funds and ETF's is going to be challenging.  Nothing to do with the Company itself. 
Tesla's car division isn't even profitable yet. Nor are tax credits going to last indefinately. 

Gadfium

Thrugelmir said:

As Tesla moves straight into the top 10. Then the impact on passive funds and ETF's is going to be challenging.  Nothing to do with the Company itself. 

Tesla's car division isn't even profitable yet. Nor are tax credits going to last indefinately. 

It'll be bankwupt anytime soon.

Just give it a minute. <checks watch> 

In a minute or two <drums fingers on desk>

Sailtheworld

Thrugelmir said:

AnotherJoe said:

Thrugelmir said:

Username999 said:

Tesla (TSLA) is officially going to join the S&P500 and it is sending the stock price on a wild ride in after-hour trading.
Up 14% after hours.

Dot Com boom all over again. 

Keep telling yourself that. That sort of thinking is why I didnt buy Amazon but luckily I didnt make that mistake with Apple ("its just a phone" or Tesla "its just a car".

As Tesla moves straight into the top 10. Then the impact on passive funds and ETF's is going to be challenging.  Nothing to do with the Company itself. 
Tesla's car division isn't even profitable yet. Nor are tax credits going to last indefinately. 

Yes, one of the problems associated with buying into a concentrated index. Anyone with an All World tracker already owns Tesla in proportion to its market cap. Currently 0.34% of holdings which has obviously increased a lot this year.

Anyone with an S&P tracker must be hoping for a Tesla crash as an early Christmas present because they're going to be stocking up on it whether they like it or not.

My speculative punt would've been to short Tesla but, if I'd done that, it would be costing money to maintain the bet and I'd be sweating bricks. Glad I was all mouth and no trousers.

[Deleted User]

If you compare Tesla to car companies then you may be missing the big picture
Tesla is really about self driving taxis - and as such there is no car market as nobody owns cars (her term is "transportation as a service")
Cathie Woods explains it more eloquently than me
https://www.tesmanian.com/blogs/tesmanian-blog/tesla-tsla-ark-invest-cathie-wood

veryintrigued

Thrugelmir said:

Musk must be smoking something. 
Not a stock for widows or orphans. 

Any other good tips for us?

:-)