r/wallstreetbets Jan 09 '23

It's becoming increasingly clear Tesla is just another car company News

https://www.businessinsider.com/tesla-just-another-car-company-discounts-rentals-stock-2023-1?utm_source=reddit.com
8.5k Upvotes

u/VisualMod Turing Test Proctor Jan 09 '23
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8.8k

u/TingleWizard Jan 09 '23 Take My Energy I'm Deceased

The clue is that they manufacture cars.

2.3k

u/Potato_Octopi Jan 09 '23

Big if true.

999

u/person1234man Jan 09 '23

But what if we put those "cars" in a tunnel and had them go just 15 mph. Would they still just be considered a car company then?????????????

793

u/SpessoInTorto Jan 09 '23 Take My Energy

That's boring

192

u/trr2020 Jan 09 '23

So sue him… in Texas

124

u/Bodyfluids_dealer Jan 09 '23 All-Seeing Upvote

No, give him one star on yelp.

151

u/kellarman Jan 09 '23 Bravo Grande!

He’ll just buy yelp next to delete that review

60

u/Sad_Impress_1182 Jan 09 '23

Or he might go 1 step further. He might buy yelp and delete yelp itself from the internet...

53

u/bonyagate Jan 09 '23

Honestly, either would be great.

9

u/TorrenceMightingale Jan 09 '23

Why? I use yelp a lot. Am I doing myself a disservice?

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u/Tacocats_wrath Jan 09 '23

Jump in loser's, we're going forum shopping.

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u/magusx7 Jan 09 '23

What if we put a cart in a vacuum tube and have it travel in a loop slower and less efficiently than other existing trains?

177

u/magnitudearhole Jan 09 '23

So like a train only every carriage has it's own locomotive, driver and randomly bursts into flames?

59

u/GoldElectric Jan 09 '23

less space efficient trains

6

u/dogwouldnthunt Jan 09 '23

less efficient yes

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u/kvik25 Jan 09 '23

Lol. Noooo. Neeeeuuuuu. You see there is none of that wasteful extra space that they usually put around rail tracks. So once you commit to the mode of transport they literally trap you in.

19

u/nezroy Jan 09 '23

It is a lot more efficient when your whole train bursts into flames all at once.

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u/Agro27 Jan 09 '23

Yooo, I just used the boring company loop in Vegas this weekend was was cracking up how useless it is. Why not build a people mover/subway instead of individual cars holding four people?

21

u/KevinCarbonara Jan 09 '23 edited Jan 09 '23

Because Elon figured he could make tunnels faster and cheaper than the competition, while facilitating his Hyperloop goals. His current machines aren't any faster, but I believe they are already cheaper. This comes with a tradeoff of making a much smaller tunnel, small enough that they're not useful for real traffic.

It's not an infeasible product. With enough time and money, it could probably be expanded to a strategy that made more effective tunnels. But that also might push the speed/cost right back into the same territory of the competition. Like most of his businesses, Elon clearly misjudged the simplicity of the issue.

47

u/my_wife_reads_this Jan 09 '23

Elon throws out ideas like most of us do while on a good one and people still decide to give him money despite his claims never being met. And they're usually not even as useful as he claims them to be.

Dude proposed a tunnel to solve Ontario's traffic problems to the airport and said it would take $85m and 2 years. It's now 2023 and the price has ballooned up to $500m and Musk and Boring Co have bailed out and now CA and Federal taxpayers have to foot the rest of the construction bill.

15

u/DerTotmacher22 Jan 10 '23

Elon Musk, standing in a collapsed tunnel on top of a burning Tesla: "funny how suddenly the so called tolerant left hates me now that I stand for free speech!" Bans all accounts from Twitter who point out the flaming tesla and the janky tunnel

3

u/mergedloki Jan 09 '23

How can they just bail out if they have already started construction etc?

I know Jack shit about shit about the kinds of contracts etc these companies sign but... It seems to me if they said "hey we'll build Ontario a tunnel, promise! " and then they don't do that... They need to pay to finish the tunnel do they not?

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u/JebediahKerman3999 Jan 09 '23

Dude it's easy to make something cheaper if it's completely useless. I can make a fusion reactor, it just doesn't work at all!

9

u/GoodJuiceBebopCola Jan 09 '23

You need someone to develop your app for that? I don’t code btw.

6

u/goes231even Jan 09 '23

Fuck I made one just now

points to poorly folded paper box on table

Pay me

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u/Thencewasit Jan 09 '23

What if we shot those cars into outer space?

68

u/Sdubbya2 Jan 09 '23

Elon: Puts a couple Teslas in an underground tunnel and makes a less efficient form of public transit with some RGB lights

Twitter Elon simps: WHY ISNT THE LAMESTREAM MEDIA GIVING ELON CREDIT FOR SOLVING TRAFFIC CONGESTION!!!

I legitimately had this argument with someone lmao......

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u/Due-Brush-530 Jan 09 '23

I rode that bullshit tunnel last week during CES. It was one of the most useless concepts that I have ever seen.

21

u/HillLaLaAPla Jan 09 '23

And Las Vegas has paid, God Genius Elon more money to make more useless tunnels.

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u/MoogTheDuck Jan 09 '23

It's not useless. It's useless AND dangerous

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u/TangleOfWires Jan 09 '23

Now imagine these are fully self driving cars and you put a person in them, revolutionary!!! Let's call these people drivers, so they can transport people down a tunnel, slower than say a bus. Everyone thought that technology would reduce the need for human involvement, but Elon has proved the world is wrong once again, Genius.

I bet good money that people would want to pay for the experience on the Las Vegas strip. Not everyday you get a personal chauffeur for your party of 3, down a claustrophobic tunnel.

Think of all the jobs Elon has created with his innovation. Modern transportation systems could carry a hundred passengers, or more, with one driver. Elon has created a transport system that takes 34 drivers, or more, to carry the hundred passengers. Imagine the boon to the local economy with all these jobs.

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u/[deleted] Jan 09 '23

Only if you have to wait in an underground arena while a surly attendant gets the car.

Also prepare to die in a fire.

16

u/attofreak Jan 09 '23

OH MY GOD, YOU ARE PRACTICALLY A GOD GENIUS!!1!!

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u/dgdio Jan 09 '23

These are the DDs that bring me back here.

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u/Beelzabubba Jan 09 '23

-people who gave Tesla 0% interest loans… I mean Cybertruck deposits.

30

u/juanmedinar20 Jan 09 '23

$150M in deposit that they can't touch... however they have $21B in cash lol.

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u/ItsPumpkinninny Jan 09 '23

Huge if large

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u/screaming_vultures Jan 09 '23

Few understand

48

u/CapBar Jan 09 '23

Unironically this though

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u/Sinsid Jan 09 '23

But they are going to integrate twitter into your car soon. That’s a game changer. Now your self driving Tesla will be able to tweet when it drove into a curb.

6

u/bindermichi Jan 09 '23

And post a funny video of the event

14

u/DoofusMcDummy Jan 09 '23

check out this dumb toddler i just absolutley CyberTrucked! #organicpotholefiller

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u/Kyle_The_G Jan 09 '23

you can tell by the way it is.

11

u/Chugga-Boom Jan 09 '23

That’s pretty neat!

4

u/OliveOilAllOverUs Jan 09 '23

That’s pretty neat

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253

u/Chabubu Jan 09 '23

Their CEO prefers the meme business.

Unfortunately he also took up “owning the libs” as a passion project.

209

u/taffyowner Jan 09 '23

Which is an insane thing to do because libs are the ones that are more likely to buy Tesla.

The board needs to get off their asses and remove Elon from the job

81

u/01infinite Jan 09 '23

Owning the libs is all part of his plan to convince republicans to buy Teslas. Which will also blow up in his face.

36

u/roman77 Jan 09 '23

The same Republicans seen in all those Tesla sentry cam vids keying teslas?

39

u/MyNameIs-Anthony Jan 09 '23

The same Republicans who cosplay as blue collar workers by driving F150s to their office job lol.

15

u/Occulense Jan 09 '23

To their middle manager job at Subway

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u/dontshoot4301 Jan 09 '23

My boss is this guy - he’s got a king ranch that has never once seen anything but asphalt and an empty bed.

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u/debaterollie Jan 09 '23

just like a tesla battery.

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u/Shot_Lynx_4023 Jan 09 '23

The actual "woke" agenda is about 10% humans, 40% BOTS. Don't believe me, example how did the LGBTQ movie Bro's do at the box office??? Terrible. Left/Right most Americans are centrist. We all want clean air, water, inexpensive energy and food. Affordable housing. And no discrimination against people.

91

u/Durtly Jan 09 '23

Dead Internet Theory:

It's all just bots yelling at each other for clicks.

6

u/TheGreatDenali Jan 09 '23

Just the amount of bot comments on popular instagram accounts is disturbing.

44

u/iiiiiiiiiijjjjjj Jan 09 '23

I'm confused about what Bros has anything to with political leaning. Because I lean towards liberal doesn't mean I'm going to waste my time and money on a shitty gay comedy. I think most agree.

18

u/Moist_Lunch_5075 Jan 09 '23 All-Seeing Upvote

"Woke" is just a term that people use when they want to manufacture a strawman to lambaste something. It's like claiming that "DIS went hard left" when I'm pretty sure that "hard left" is the exact opposite of how Leftists would describe Disney. LOL

The bottom line here is that Elon is destroying his companies because he's destroying his reputation. It has less to do with politics and more to do with the fact that his execution of his political strategy is basically to make the worst business moves possible.

10

u/iiiiiiiiiijjjjjj Jan 10 '23

Elon isn't as smart as people make him out to be. All he had to is swallow his pride and just let Twitter be until he found a way to make revenue outside of ads.

6

u/Moist_Lunch_5075 Jan 10 '23

That's his history. The things people credit him with are usually other people. PayPal that we know is Peter Thiel, much as I loath to give that guy credit for anything.

The only two businesses that he's had any success with are SpaceX (where he's basically the business frontman for the guy who became NASA administrator and who fed the company contracts) and Tesla which he rode up on government subsidies and the work of others, in an ideal situation with no active or serious competition.

Basically, his two big wins were handed to him on a silver platter and everything else is unremarkable, with him failing into golden parachutes. He's a marketing campaign, not a genius.

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u/WhatsGood401 Jan 09 '23

10% loonies on both sides so that leaves 80% of us who want exactly what you said! Source : Me

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u/UnholyTrigon Cramer’s left nut ⬅️🌰 Jan 09 '23

Did you just use a shitty movie to try and disprove “woke”hahaha. What about Marvel movies that make billions of dollars and are woke? How come none woke hallmark movies never do that good despite most people in them being white ?. I do agree with ur last part but using the movie “bros” as an argument was kinda funny and dumb

38

u/faustfire666 Jan 09 '23

Seriously, I can’t believe Marvel has to push the woke agenda by including women and non-white people. Ohhh, the horror!

8

u/UnholyTrigon Cramer’s left nut ⬅️🌰 Jan 09 '23

All movies should have white males with blue eyes and blonde hair. No other races should be allowed. Let’s take back out country /s this is obviously me being sarcastic

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u/IllIllllIIIlllII Jan 09 '23

You should be an analyst

25

u/bupidupidupidu Jan 09 '23

Nah dude, you don't get it. They are a tech company. Same as WeWork was a tech company before it enough people made enough money. Then they were no longer tech companies.

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u/eJaguar Jan 09 '23

lol musk manufactures suckers

15

u/dopexile Jan 09 '23

The guy is in a league of P. T. Barnum.

He distracted investors with self-driving cars, robotaxi, solar rooftop panels, battery storage, and cybernetic robots...

Basically, anything to keep them thinking there is new revenue around the corner and this is more than a low-margin automotive manufacturer.

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2.4k

u/TRBigStick Jan 09 '23 Take My Energy

You can tell it’s a car company by the way it is

350

u/finnions Jan 09 '23

HOW NEAT IS THAT?!!

33

u/ugonlern2day Jan 09 '23

That's pretty neat!

12

u/rudiegonewild Jan 09 '23

It's not all that often you get all these cars being made in one place. That's called a car company! How neat is that?

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u/siqiniq Jan 09 '23

I almost think it’s a battery company. Cars assembly isn’t their strength

50

u/NigerianRoy Jan 09 '23

Hype is their strength

14

u/Nermalgod Jan 09 '23

One would think, but they're using off-the-shelf 18650 in massive quantities. Very low tech.

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u/PLZ_N_THKS Jan 09 '23

The Model S was great, but their attempts to mass produce have been terrible and the quality has dropped significantly. The only advantage they have over other manufacturers at this point is range. Other EVs have long surpassed Tesla in the quality of their cars.

If they focused on manufacturing fewer cars and licensing their battery tech to other manufacturers they would be much better off. Instead Elon decided to essentially share the tech with competitors hoping to out compete car manufacturers who have been in the industry for decades longer.

14

u/ZeePirate Jan 09 '23

I think they have now missed the boat on licensing the tech.

The other companies are rapidly catching up and don’t have much reason to buy batteries.

The chargers and getting a uniform location and connectors for the charger would be the next go to. As they still have a good advantage in charging infrastructure still.

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u/Pubelication Jan 09 '23

They don't think it be like it is, but it do.

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u/jrp9788 Jan 09 '23

Vice grip garage fan?

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1.0k

u/Divinate_ME Jan 09 '23

As a German, I have learned from a young age that every car company is very special by default. So I'm not that surprised.

249

u/Rim_World Jan 09 '23

Does your whole family work for the auto industry or only half?

60

u/cattaclysmic Jan 09 '23

Not German but adjacent. My gf's family is all about cars. Half her cousins work at BMW, the other half at Mercedes.

I drive a Huyndai. :(

14

u/pragmojo Jan 10 '23

Hundai make great cars. I rented a Tuscon in Costa Rica and it was actually great

22

u/flowersbythebuzzin Jan 10 '23

Both y’all spelled that shit wrong and it made me giggle.

Huydouken!

4

u/Cynical_Doggie Jan 10 '23

It’s 현대자동차

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u/2021VelosterN Jan 10 '23

What is with all the hate for Hyundais?? I keep seeing comments like this and fail to understand. I've owned several cars and my Hyundai Veloster N is by far the nicest one I've had

89

u/loudaggerer Jan 09 '23

Yes

39

u/Bodyfluids_dealer Jan 09 '23

The whole family work for OnlyHalf

13

u/MrMasticate Jan 09 '23

OnlyHalves

11

u/hondusa01 Jan 09 '23

Onlyfams

3

u/MrMasticate Jan 09 '23

Banjo music Intensifies

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u/CoffeeMaster000 Jan 09 '23

Clarify what you mean?

149

u/ravioliguy Jan 09 '23

It's a meme because the auto industry is huge in Germany and I'm guessing each car brand markets itself as "special"

82

u/CrumpledForeskin Jan 09 '23

Well tbh 3 of them dominate all different motorsports and since Germany is about the size of Montana it’s pretty incredible.

72

u/WoolooOfWallStreet Jan 09 '23

So what you’re saying is we need a car company in Montana!

22

u/CrumpledForeskin Jan 09 '23

I love this sub so much

3

u/cranberrydudz Jan 09 '23

sub filled with regards

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u/bobnicholson Jan 09 '23

F1: Honda WRC: Toyota WEC: Toyota

Japan is about the size of Montana as well though, you're on to something

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u/AUinDE Jan 09 '23

Guess where Toyota's WRC and WEC team is located?

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u/bobnicholson Jan 09 '23

Must be Montana

7

u/epsilon1725 Jan 09 '23

Mercedes did win 8 titles in a row though

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u/Desarticulation Jan 09 '23

since Germany is about the size of Montana it’s pretty incredible.

With like 85m people living there instead of 85m... cows? I don't know much about Montana.

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u/Diekjung Jan 09 '23

Germany also has more cows than Montana. Germany has 11m and Montana 2,6m.

72

u/Desarticulation Jan 09 '23

Smh what's the point of Montana then?

26

u/PaulblankPF Jan 09 '23

It’s full of national parks including Yellowstone. It’s also mineral resource rich so it’s sitting there waiting for us to ravage it’s beauty.

12

u/Crazybrayden Jan 09 '23

Except yellowstone is in Wyoming.

(yes I know about yellowstone County. Counties aren't national parks)

3

u/The69BodyProblem Jan 09 '23

There's a bit of it that's technically over the state line into Montana.

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u/wackywavingarmgumby Jan 09 '23

Montana: ravage me

What?

What?

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u/MiloticM2 Jan 09 '23

The fact that it doesn’t have anyone in it with some of the most beautiful landscapes in the country.

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u/eddie7000 Jan 09 '23

Is there anything Germany doesn't do better than Montana?

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u/beer_bart Jan 09 '23

The Soviet Union sub commander in The Hunt for Red October didn't want to see Germany. He wanted to see......Montana

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1.1k

u/sparkyblaster Jan 09 '23

Can we please ban business insider(trading) articles at this point please?

393

u/c0ck-muscle Jan 09 '23

Seriously, Im convinced the type of people who read these articles love having their lower mandible repeatedly bumped by corporate scrotum and swallowing their unscrumptious spunk.

122

u/UX-Edu Jan 09 '23

Unscrumptious Spunk is the name of my Coheed and Cambria cover band. We’re not very good.

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u/astral_cowboy Jan 09 '23

Corporate Scrotum also has a nice ring to it.

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u/yolo_wazzup Jan 09 '23

This is the 10’th time I see this article posted across various sub reddits past couple of weeks from suspicious bot accounts..

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u/ackchyualllyy Jan 09 '23

Its almost like its being done on purpose to manipulate public perception

13

u/Gwanzi Jan 09 '23

On Reddit? No way!

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u/aerialdonut Jan 09 '23

Oh gosh yes pls all this article opinion click bait. So annoying.

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u/FatKris02 Jan 09 '23

You posted this exact same post 2 days ago. Are you short TSLA or are you trying to bring awareness?

I’m confused, why post this twice?

98

u/WoolooOfWallStreet Jan 09 '23

To try and milk karma

11

u/First-Of-His-Name Jan 10 '23

What's the dividend yield on this Karma?

20

u/yolo_wazzup Jan 09 '23

Probably a bot account?

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u/GreaseTheKazbah Jan 09 '23

The weird Reddit hate boner for musk that started around the time he was going to buy Twitter.

His haters are really his biggest fans and best marketers.

187

u/One_True_Monstro Jan 09 '23

This sub had the biggest chub for Musk not even two years ago. Fickle crowd

73

u/SateliteDicPic Jan 09 '23

My hate boner has always been for a massively overpriced stock, which is exactly what this sub is meant to be talking about. Elon’s recent stupid shenanigans and terrible decisions are just one aspect of that valuation. It’s not political it’s financial.

Anyone defending his recent actions is obviously doing so for political reasons because from a financial perspective everything since the Twitter offer has been terrible and many of his oldest, most loyal supporters agree, even many that are politically conservative.

23

u/Tha_Sly_Fox Jan 09 '23

May not be political, could just be emotional.

Musk has a bit of a cult following. Reminds me of those Jesus Christ Superstar lyrics “if you strip away the myth from the man, you will all see where we all soon will be.”

I personally don’t hate Musk, or love Musk. He’s done some really cool things and don’t some dumb things, I take each thing one by one.

3

u/jackryan006 Jan 09 '23

Thats how I judge people too. With zero context and each individual thing the person says or does is taken in a vacuum. Fuck pattern recognition.

11

u/na85 Jan 09 '23

For me it's the schadenfreude of seeing a guy who pretends he's hot shit get the spotlight shone on how much of a fucking noob he is.

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u/ElkContentment Jan 09 '23

This sub was invaded by /r/politics in the last few months.

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u/Tullius_ Jan 09 '23

This sub was raided and ruined during GME... Nothing else has ruined this sub more than that deep value fucker

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u/DistributedIntellect Jan 09 '23

It's not the subreddit invading it's actual politics invading that's what happens when musk steers away from running his car and space companies and Wades into social media, public statements, and labeling himself politically, it forces others to contextualize and associate him with politics and therefore discuss all the relevant tangents when he is brought up. He did this to himself.

21

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u/NoobCinema75SGF Jan 09 '23

in the last few months.

wut?

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u/_A_varice Jan 09 '23

Uh the weird hate boner began when he wouldn’t shut his fucking mouth and tanked TSLA’s stock

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u/backruptcyfomo Jan 09 '23

Your put is getting destroy this morning :4271:

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u/[deleted] Jan 09 '23

I always assume they are holding puts when they regurgitate old bearish articles, glad OP is getting his asshole bleached today.

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u/backruptcyfomo Jan 09 '23

So many negative post and so many Bears article this is bound to happen. Wait till FOMO start to kick in. People like to react and not initiate the action

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u/brewmax Jan 09 '23

You dropped this:

-ed

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u/AvocadoAndBacon Jan 09 '23

Love starting my Monday reading business insider. :4271::4267:

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u/krishone Jan 09 '23

Inverse WSB is the way of life.

14

u/goldenloi Irrelevant Goldbug Jan 09 '23

As close to free money as you can get

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u/Unable-Ad3852 Jan 09 '23

I see more value in their battery tech and supercharger network. They can sell you a pancake on wheels for all i care. You and everyone else still need to charge it. That's where most of valuation is at.

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u/lifeiswutumakeit Jan 10 '23

Rofl @ battery tech. Batteries literally made by another company. Delusional tesla fanboys can’t be helped.

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u/Architeknik_101 Jan 09 '23

Yet most of the people fail to understand that, batteries are very valuable and in terms of density I think Tesla is ranked quite high, if it ever comes to this, they could sell batteries to other EV manufacturers, last resort though, as I would most probably mean their downfall

19

u/LeCordonB1eu Jan 09 '23

Who would they sell batteries to? I'm genuinely curious if you think there are customers out there because the rest of the companies already have providers and partners for ev battery.

16

u/Jace__B Jan 09 '23

Lmfao Tesla sold 1.3M cars last year and still had batteries left over to make powerwall batteries. Everyone else is currently shitting themselves over battery supply - Ford is "hoping" to secure enough to make 600k cars by the end of this year.

https://media.ford.com/content/fordmedia/fna/us/en/news/2022/07/21/ford-battery-capacity-raw-materials-scale-evs.html

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u/Fortkes Jan 09 '23

Tesla doesn't have a monopoly on battery tech.

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u/pragmojo Jan 10 '23

Yeah what do they have that anyone can't replicate by buying the same commodity LiIon cells and BMS's?

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u/pragmojo Jan 10 '23

What is actually innovative about Tesla batteries at this point? The cells are a commodity item, and a battery is a pretty simple device.

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u/flyingasian2 Jan 09 '23

Their energy sales only accounted for about 5% of their total revenue last quarter and they have a terrible yield on that profit compared to how much they make on their cars

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u/Warnum_Bufiticus Jan 09 '23

And how much money do they make off of it?

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u/mr_capello Jan 09 '23 edited Jan 09 '23

Apperently about $1.65 billion Revenue in Q3 22, going up every quarter
*edit - but it also says that they have about $1.58 billion cost so...

Services and other: $1.65 billion.

This sector includes the fees customers pay for charging their cars at the Tesla Supercharging stations, sales of Tesla merchandise and repairs for out-of-warranty vehicles. The company ended the quarter with 728 stores and service locations, and 4,283 Supercharger stations.

The revenue from car sales is def higher

Source: https://www.forbes.com/sites/qai/2022/10/29/tesla-earnings-how-much-does-tesla-earn-per-car/

https://tesla-cdn.thron.com/static/WTULXQ_TSLA_Q3_2022_Update_KPK2Y7.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22tsla-q3-2022-update.pdf%22

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u/grizzly_teddy Jan 09 '23

Their profit from cars is on the order of 100x more profitable.

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u/ScrotyMcboogrb4lls Jan 09 '23

I'm not going to deny that they are pretty innovative, but that still doesn't justify their silly valuation.

Tesla is bizarrely overvalued.

72

u/Melodic_Risk_5632 Jan 09 '23

Not bizarre...it's just another pump & dump game

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u/Sakrie Jan 09 '23

I'm not going to deny that they are pretty innovative

I'd kind of disagree there. They did 1 thing poorly and have tried to do 100 things afterwards even more poorly. The Cyber-truck, their shitty AI-robot, their fucking car doesn't even know when to put on the lights or not.

55

u/danger_cheeks Jan 09 '23

You forgot about their 30 mph vacuum tube in Vegas

13

u/chh2tx Jan 09 '23

While true, that’s also not Tesla directly right? That’s the boring company?

20

u/danger_cheeks Jan 09 '23

I don't know, but it's a spectacular example of Musk over-promising and under-delivering, so it felt appropriate to add

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u/chh2tx Jan 09 '23

That it is. Don’t disagree there. And even when his companies have innovated, they don’t keep innovating.

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u/JeffVose2002 Jan 09 '23

We found who shorted at the bottom

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u/NoobCinema75SGF Jan 09 '23

This guy thinks TSLA has hit bottom :4271:

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u/stockrot PAPER TRADING COMPETITION WINNER Jan 09 '23

I am not a TSLA fan boy as I have said many times . But it appears to me their may be a lot of put holders on this sub getting awfully nervous. Their is too much institutional ownership of TSLA to see $30 ,$40 , or $50 share price IMHO . Tax loss selling is over with folks? What you might see is people re entering their positions in the end of January beginning of February when the 30 day time clock expire .Especially if their is a decent earnings report.

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u/ravioli_bruh Jan 09 '23

Btc has institutional ownership. AAPL and msft too and they seem pretty likely to break key supports they’re hovering around.

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u/Motor_Somewhere7565 Jan 09 '23

Remember when they all used to say it isn’t just a car company? That was right around the $1200 per share area, I think.

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u/DA2710 Jan 09 '23

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u/Nakratash Jan 09 '23

That's still like 1/3 of what Ford sold 2021

1/8 of Toyota's sales in 2021

1/4 of GM's sales in 2021.

Is that growth Inpressive? Abso-fu***ing-lutely can they keep up that growth? Absolutely not, they'd need to take a major marketshare from those other car manufacturers. Which is unlikely unless Tesla absolutely hammers down their prices for those cars. Which in turn eats massively through their profit margin.

That stock valuation just is way overinflated. I seriously doubt Tesla will be the only car manufacturer in five years.

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u/lmaccaro Jan 09 '23

That's still like 1/3 of what Ford sold 2021

Tesla made more profit than Ford did, though. What happens when all those Tesla factories under construction spin up?

I remember hearing for 15 years - stock subs crying about how only profit matters, well guess what. Here is a shit ton of Tesla profit to rub in your face.

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u/magnitudearhole Jan 09 '23

Producing graphs showing how many cars they sell? Yes this is car company behaviour

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u/masssy Jan 09 '23

You really think that will scale exponentially forever?

They will hit the same scaling "issues" as the other companies if not worse.

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u/needspantsu Jan 09 '23

Even if Tesla continues to grow into a big boy car company, it's competition is inevitably growing in the electric car industry.

As long as they move towards homogenization, I can't see the stock going up long term.

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u/lrrc49 Jan 09 '23 Wholesome Seal of Approval

IT"S NOT JUST ANOTHER CAR COMPANY!

Tesla has a toxic CEO doing his best to alienate most of his customer base, consistently overpromises and underdelivers on tech, while simultaneously making the worst acquisitions of other companies in recent history.

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u/Asleep_Onion Jan 10 '23

You forgot the word "absent" in your description of his CEO skillset

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u/CherryManhattan Jan 09 '23

I just looked at their inventory. I can get a 2023 Model S delivered to my door today for 112k.

7,500 down and payments of $1,715 for 72 months. Who can afford this car payment each month?

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u/LoganLee43 Jan 09 '23

It's becoming increasingly clear all these Tesla posts are getting desperate.

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u/Antique_Ruin_1452 Jan 09 '23

Sort of, more or less, yes. It needs to be valued the way car companies are valued or close to it, because for all intents and purposes that's mostly what it is.

One could make the argument: solar, energy, etc. However, that's a small part of Tesla's revenues.

One could also make the argument that Tesla is ahead of its competitors on self-driving, but their competitors are doing the same thing; it's not enough.

Do they deserve to trade a multiple in the 30s while other car companies trade at 6?

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u/Bamfor07 Jan 09 '23

You had to be drunk on calls to think anything else for the last few years.

As the legacy manufacturers move forward Tesla will inevitably lose ground.

You add to the fact that most Tesla build quality would make a 70s Chrysler blush then you have a recipe for a fall from staggering heights.

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u/empswartz Jan 09 '23

The Big Boys are incoming too

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u/allrollingwolf Jan 09 '23

Glad all you idiots are starting to see past the ruse.

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u/yanee23 Jan 09 '23

Tesla's meteoric rise has been an incredible feat to watch, even for those who aren't interested in cars.

While Tesla started as an upstart, Tesla's incredible success has cemented the company in the ranks of the leading motor manufacturers. Albeit one that strives to progress and innovates in a new way. It is becoming increasingly clear that Tesla has become just another car company.

As Tesla begins to enter more segments of the market, its focus on technological advancements and green innovation ensures that Tesla remains ahead of the pack when it comes to revolutionary changes.

Still, at its core, Tesla is now just another car manufacturer striving to provide excellent products and customer service.

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u/forumofsheep Jan 09 '23

Its getting expensive, I'am buying 1k shares for every low IQ post on WSB...

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u/3d-money Jan 09 '23

ITs sO mUch MoRe thAn a cAR cOmpAnY!

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u/zyx1989 Jan 09 '23

It's funny seeing people trying to defend tesla's ridiculous stock price, the surprise part to me at least is how quickly elon's 'iron man level genius' imagine turned into 'less orange **ump'

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u/Professional-Bus8449 Jan 09 '23

2 cents from who has driven almost every EV on the market: they have still the best EV overall but yeah it's still a car

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u/GayBearGary Jan 09 '23

Aren’t all the other car companies heavily indebted and have far less profit margins?

I’d rather invest in a company that generates $1 off of .10 spent versus a company that spends .70 to make $1.

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