I doubt Tesla survives this global recession. Maybe the stock price will be immune.

jamaggie06 said:

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Based on...??

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A growing realization of just how far ahead of their competition they are.

LoL.

Far ahead in terms of what? Losing money per vehicle sold? Ridiculous CEO compensation?

Tesla shares jump on Goldman Sachs 'buy' rating


Tesla's shares jumped more than 5 percent Wednesday morning before losing some ground in the afternoon, up 3.3 percent to $733.49, after analyst Mark Delaney gave the automaker's stock a $864 price target, citing its head start on the competition in the EV market.
"We are positive on Tesla because we believe that the company has a signicant product lead in EVs, which is a market where we expect long-term secular growth," Delaney said in a note Tuesday night.
He said he expects Tesla's annual growth rate to remain "well over 20 percent."

https://nypost.com/2020/04/15/tesla-shares-jump-on-goldman-sachs-buy-rating/

Fizban said:

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jamaggie06 said:

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Based on...??

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A growing realization of just how far ahead of their competition they are.

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This doesn't say anything or answer his question

Given Elon's twitter meltdown today, just wanted to check in on some of you in this thread. How do yall interpret his actions the couple weeks and what it means for this stock outlook?

M.C. Swag said:

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Given Elon's twitter meltdown today, just wanted to check in on some of you in this thread. How do yall interpret his actions the couple weeks and what it means for this stock outlook?

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Even elon said the stock was overpriced...


But seriously, someone at the SEC must be ****ting bricks right now. A CEO already under an agreement with the SEC for tweeting about his company and manipulating the stock value can't just call his company overpriced on Twitter without ramifications.

Yep, but how would the gov penalize Musk for basically saying what everyone else is saying about asset prices being completely disconnected from fundamentals due to gov?

thirdcoast said:

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Yep, but how would the gov penalize Musk for basically saying what everyone else is saying about asset prices being completely disconnected from fundamentals due to gov?

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They'd likely fine the **** out of him and force Tesla to find a new CEO or face some kind of trading restrictions or massive fines they can't afford. Analysts and pundits can say a stock is overvalued, but it comes with an entirely different weight when the CEO, who has full access to all financials, strategic planning, etc that the analysts do not, says it.

So what if a CEO says the stock price is "too low" and a great deal?

There are times during closure of deals etc when they cant talk or make insinuations. Then there is the rest of the time, when CEOs basically say their stock is expected to outperform in future. Yeah, of course it's different for a CEO to give a negative outlook, but technically it may only violate a private TSLA agreement not subject to any legal regulatory statutes.

It's actually more of a debate on Twitter as a medium. Other CEOs don't say things about stock performance expectations on Twitter, they do it on more acceptable conference calls with less exposure to public.

It's shady AF. Like, obviously the stock is over valued, just look at their balance sheet, but Elon is the CEO. He has access to information and financials that literally no one else does. On top of that, he has a fiduciary responsibility to his employees and shareholders (who he just harmed).

Is it illegal? Not sure, it sure as hell feels like market manipulation.

I look forward to the impending investigation. At the very least, I'd expect the SEC to disallow Elon/Tesla from doing any buy backs for years.

thirdcoast said:

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So what if a CEO says the stock price is "too low" and a great deal?

There are times during closure of deals etc when they cant talk or make insinuations. Then there is the rest of the time, when CEOs basically say their stock is expected to outperform in future. Yeah, of course it's different for a CEO to give a negative outlook, but technically it may only violate a private TSLA agreement not subject to any legal regulatory statutes.

It's actually more of a debate on Twitter as a medium. Other CEOs don't say things about stock performance expectations on Twitter, they do it on more acceptable conference calls with less exposure to public.

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This is basically all the time for musk under his settlement with the SEC after his tweet about taking the company private. If it isn't vetted by securities lawyers, which it is very doubtful this one was, it is a direct violation of that agreement. Remember, he was removed from chairman for that and he's under a lot more conditions on communication than the typical CEO, and those restrictions aren't just internal.


ETA What musk is doing is much closer to market manipulation than a CEO simply making an off hand remark, promoting the stock in an interview, or giving a pep talk at a shareholders' meeting. There are big differences in audience and ancillary, supporting information between those situations and musk's random tweet.

I just think it's ridiculous people rush to make excuses for a narcissist that clearly is a ****head. He should be removed from being an officer of a public company. But honestly it's a few years later than he should have been. #fundingsecured #pedo #imtotallyironman

What happens to TSLA's ability to sell ZEV credits if Dodge, Ford, GM et al. arent selling as many cars?

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

Anybody know if he got these tweets pre-approved by the board? What an idiot.

Twitter meltdown indicated that Elon is going to move his facility in Fremont to either Nevada or Texas (no specific location given). Highly critical of the Alameda County Health Dept, sounding like DJT calling everybody names.

Question: It will take him years to move the facility somewhere else; still, should we be a player for the jobs and money that he will bring? He already has a footprint here in Texas.

Go ask NY how much "money" Tesla/Solar City brought. Somewhere around minus two billion dollars.

monarch said:

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Twitter meltdown indicated that Elon is going to move his facility in Fremont to either Nevada or Texas (no specific location given). Highly critical of the Alameda County Health Dept, sounding like DJT calling everybody names.

Question: It will take him years to move the facility somewhere else; still, should we be a player for the jobs and money that he will bring? He already has a footprint here in Texas.

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He should move it down to the RGV near his launch pad.

Or is it lunche?

Agreed; good jobs for that part of the state.

Gordo14 said:

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aggie2812-2 said:

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You're calling the man who's made billions started multiple successful company's an idiot? I'd embrace your definition of idiot if I had made it where he was as a kid to now.

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Yeah I am. He's still an idiot. Plenty of successful idiots in this world. But hey whatever allows you to justify looking the other way when he acts like the idiot he is. Pedo, solar city, $420, hyperloop, boring company, and this is only a small fraction of it.

I honestly, just enjoy watching everybody try to rationalize why his behavoir is actually totally ok.

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Every single big idea he's ever had has had people screaming that he was an idiot for investing time and money into it. And he's been wildly successful by any reasonable measurement for the majority of them. Even the ones you say are dumb are wildly successful. Has he done some questionable things? Yes, but who hasn't. As far as his ideas/engineering acumen everything he has touched has far exceeded people's expectations. You need to redefine what an idiot is, because he is certainly not an idiot.

Zip2: He's an idiot, the Internet is a fad. Sold for $305 million after 4 years.

X.com/PayPal: He's an idiot, no one will ever use banking services online. He's crazy for investing all his money in that. Sold for $1.5 billion after 3 years.

SpaceX: He's an idiot. A private company can't start from scratch in the rocket industry. There are no government contracts and the cost to start up is way too high. Valued at 36 billion in its most recent funding round.

Tesla: He's an idiot, electric cars are for nerds and hobbyists and they'll never be good enough to compete with combustion cars. Model 3 is currently the bestselling car in its class, company is valued at $151 billion.
Falcon 9 Recovery: He's an idiot. He'll never be able to land a rocket and he's going to bankrupt the company trying. Lands a rocket booster 4 years after the program is announced and currently is successfully recovering 87% of all boosters.

Starlink: He's an idiot. Internet satellite sucks, it's high latency, and satellite internet companies have been going bankrupt. Projected valuation of 36 billion within 5 years.

Boring Company: He's an idiot. You can't dig tunnels cheaply enough to make this business strategy successful. Work began on their first commercial project 6 months after winning the bid and the first half of the dig was completed within 3 months and was on track to officially open in just over a year from its start. Recently went through a funding round that valued the company at 920 million.

As for Hyperloop, he merely conceptualized the idea and handed it off to other people to work on and is not really involved in any of the companies. The amount of funding raised for Hyperloop currently exceeds $500 million, and valuations in total approach $1 billion.


He is one of only two people (Jim Clark) to be a founder of 3 billion dollar companies, he's about to add two more and technically could lay claim to another if he had accepted founder status from his cousins on SolarCity.



As an aside, Musk is intending on relocating Tesla HQ, not necessarily the manufacturing from California to Nevada or Texas. He has his battery/drive train Gigafactory in Nevada and I imagine they could relocate the Fremont operations there to build Model 3, S, and X. Rumors have been running that he intends to build an even larger factory in Texas to build battery cells and Cybertruck and that the announcement may come in the next couple of months. He has stated he will either hold their conference on batteries/drivetrain in either California or Texas and after the most recent blow up you can probably guess that it will be in Texas.

Tesla is coming to Texas........there is no doubt.........problem is, it will be Austin (mini version of California).

12thmanfootball said:

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Tesla is coming to Texas........there is no doubt.........problem is, it will be Austin (mini version of California).

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lol no it's not. And even if he wanted to, the company will be dead before it happens.

M.C. Swag said:

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12thmanfootball said:

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Tesla is coming to Texas........there is no doubt.........problem is, it will be Austin (mini version of California).

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lol no it's not. And even if he wanted to, the company will be dead before it happens.

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When exactly is the company going to be dead by?

hph6203 said:

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M.C. Swag said:

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12thmanfootball said:

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Tesla is coming to Texas........there is no doubt.........problem is, it will be Austin (mini version of California).

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lol no it's not. And even if he wanted to, the company will be dead before it happens.

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When exactly is the company going to be dead by?

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When Felon Musk tries to move his company

12thmanfootball said:

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+ 1 more quotes (click to expand)

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M.C. Swag said:
lol no it's not. And even if he wanted to, the company will be dead before it happens.

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hph6203 said:
When exactly is the company going to be dead by?

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When Felon Musk tries to move his company

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M. C., you must be an Exxon or Ford employee, or one of the other 100 companies "Felon" will disrupt.

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Lol nope, I work at a tech company (non-competing with literally any aspect of Tesla). And I'd love nothing more than electric cars to takeover.

Elon is a loser, con artist. But whatever, if he wants to bankrupt his company trying to move to a red state dominated by oil lobbyists, I'm for it. The ironic thing about Texas trying to recruit these Cali companies is that they bring young professionals, who are majority not conservative. Literally changing the demographics of their state themselves.

Go back to the 1st few posts in this thread for that answer.

A useful update on Tesla's battery related work. Batteries are the major enabling technology for electric vehicles and Tesla is years ahead of its competitors.

https://www.foxbusiness.com/technology/tesla-long-life-battery-electric-vehicles-cost.amp

LoL! Weren't they supposed to be self-driving by now?

Wasn't SolarCity supposed to provide "synergies"? Where's the "PowerPack"? According to Elon in 2014-2015, energy storage was going to be bigger than automotive by now. Of course, also according to Elon, the roadster was supposed to pay for development and production of the model S, which was supposed to do the same for the Model X, which was supposed to do the same for the Model 3.... and yet, they've issued mountains of debt and done a half dozen secondary stock offerings.

"Before the Covid-19 outbreak shut down much of the U.S. economy and forced the company to close its Buffalo factory temporarily, Tesla had predicted that its solar energy deployments would rise by 50% this year, breaking a steep and prolonged decline since the electric vehicle maker acquired the business from SolarCity in November 2016."

LoL, sure Elon, you were expecting your throw away product to increase by 50% this year, even though its been nothing but downtrend since Telsa bailed out SolarCity, which was bankrupt. Sure.

__________________________________________________________________


So, no. I don't believe a thing Elon says when it comes to batteries. I'm sure he'll use this storyline to justify raising more capital; "we need this $2billion to bring the new Super Batteries into production in 2021" only for the entire idea of "super batteries" to fizzle out by 2024. Sure, they'll roll out a product at some point, but it will be nothing like what's been promised, and will generate zero revenue.