1.027 Trillion market cap.
333 P/E ratio.
Lolololol.
Neighbor has one that's only a year old and it's broke down. He can't get needed parts. So he traded it in on a new one that had been ordered months ago.

You're laughing, I'm laughing to the bank. Tesla paid off my house for a 6 mortgage payment investment.

Your neighbor bought another one, that should tell you something.

Buy a Tesla. Tear off the trunk lid. Put your golf clubs in the trunk area, and ask your Country Club golf course manager why you can't take your expensive golf cart car on the paths or the course.

Until they can compete with range of travel with fueling options, you have a local commuter, or a glorified golf cart.

And the whirrrr of the electric motor sounds like silent death, compare to a V-8, with pipes.

Until the range of EV's is at least 400 miles, and the recharge time is under 5 minutes at a convenience store, they are not remotely as travel efficient as the internal combustion motor.

And, no one has answered the question to this day: WTF do you do with MOUNTAINS of spent EV batteries on an environmental level? The toxicity to the environment is 10x what the conventional gas/diesel motor puts out on a comparative basis. And we haven't even figured in how the EV's get their "power".

Average drive for city dwellers is 35 miles, average mileage for rural drivers is 50 miles. A 300 mile range vehicle is enough to fulfill 90+% of trips on a single charge and they don't take that long to charge on those rare instances you drive more than 300 miles. This is an argument for a 200 mile range vehicle, not for a 300 mile range vehicle. Average range of a Geska sold vehicle more than meets the average consumers needs.

Battery recycling is improving massively and the useful life of EVs is substantially better than the average gas vehicle. Time saving favors EVs.

Most significant drivers I know from a daily commute drive from Dallas to Oklahoma and back and an EV will handle that without going to a charging station daily.

Most trips don't require 400 miles of range.

You are the person in the 80's asking why a person would want a personal computer right now. This is as big or bigger revolution than that.

Look into lithium battery recycling.

Tesla is back ordered for their cheapest vehicle for a year and their automotive margins were 30% on the most recent earnings. This is huge and will continue to grow. I just turned 34 and am sniffing a million because of Tesla. Would be there right now if I didn't reduce my stake to take profits and pay off my house.

Most homes have 2 cars if not more. All you need is 1 car for long trips and truthfully, if Tesla made a Minivan, I would just get my wife a E minivan.

I could easily have all electric cars in the house, and rent a car for long road trips. We take trips from Austin to Dallas, Houston, CS, SA all the time without an extra hassle compared to ICE - actually easier. When we go to Volleyball tourneys, we drive then plug it in @ hotel as most nice hotels have fast chargers.

For people who says fueling is a big issue either just hates electric for some reason or just never tried one out and hates changes.

My Tesla has saved me more time and hassled compared to an ICE care, by FAR.

In the past year, I have saved 9 hrs going gas stations, 3 hours going to get the oil changed, and another 2 hours getting brakes pads replaced.

We take 2 long road trips to keystone and Destin yearly. That is about the only time I need an ICE car and even if I took my Tesla, would add 3 hours to each trip so 6 hrs still is less than the 14 hrs I waste every year.

In my 1st yr and 35K miles driven, I have stopped to supercharge twice for a total of 30 minutes because I forgot to fully charge overnight.

Until you have a Tesla, you will never understand how easy it is compared to an ICE.

A small perk is in the summer, the garage never gets hot when I park my car vs an ICE.

I save a minimum of 2K in fuel yearly, plus another 1k in maintenance costs. Its really a no brainer. Saves money, quiet, lots of tech, safer.

Similar age, similar financial stake for me. I love this write up and the one about about "people don't buy an EV, they buy a Tesla."

You have to imagine this deal with Hertz is the first of many of these. Other rental car companies will likely follow suit.

Tesla is introducing the Cybertruck (eventually). Jury is out on if that does to trucks what teslas have done to sedans...

Tesla still working on their fleet of semi-trucks too. That might be the ultimate game changer from a logistics perspective - imagine thousands of self driving semis that can all be driving at night for safety reasons.

Medaggie said:

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A small perk is in the summer, the garage never gets hot when I park my car vs an ICE.

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Are you saying that the AC from the car cools the garage or that there's not a hot ICE in the garage warming it up?

TSLA und NVDA macht mir glucklich!!! ($110 and $125 cost basis)

There is no engine so very little heat. Also I can turn my cars AC/heater in the garage without worrying about CO2

Decent day.

How is TSLA at 3/4 the value of AMZN?!

Gigemags382 said:

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How is TSLA at 3/4 the value of AMZN?!

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Basically the same reason GME can still be 40x its Summer 2020 value.

Fundamentals are dead.

deadbq03 said:

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Gigemags382 said:

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How is TSLA at 3/4 the value of AMZN?!

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Basically the same reason GME can still be 40x its Summer 2020 value.

Fundamentals are dead.

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Granted, Amazon itself was the king of "fundamentals are dead" criticism for years

Gigemags382 said:

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deadbq03 said:

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Gigemags382 said:

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How is TSLA at 3/4 the value of AMZN?!

---

Basically the same reason GME can still be 40x its Summer 2020 value.

Fundamentals are dead.

---

Granted, Amazon itself was the king of "fundamentals are dead" criticism for years

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Just goes to show you how much speculation is abound in this market. It's surpassed the 2000s in certain aspects

Not going to end well for many

Tesla @1220. I am long but even this appears too high in the short term. May get out of some positions and wait for it to drop to 900-1000 then rebuy. Or maybe just buy more on the dip as I think Tesla will be a 2000+ in 2-3 yrs.

AggiEE said:

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Gigemags382 said:

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deadbq03 said:

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Gigemags382 said:

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How is TSLA at 3/4 the value of AMZN?!

---

Basically the same reason GME can still be 40x its Summer 2020 value.

Fundamentals are dead.

---

Granted, Amazon itself was the king of "fundamentals are dead" criticism for years

---

Just goes to show you how much speculation is abound in this market. It's surpassed the 2000s in certain aspects

Not going to end well for many

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It's a brand name stock.

The one thing the company has done is continue to increase revenues at an insane pace. Still an overpriced stock in my opinion.

You’re welcome!

If any of this is based on Hertz, I’d like to emphasize that no contract has been signed yet.

Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers.

Hertz deal has zero effect on our economics.

— Elon Musk (@elonmusk) November 2, 2021

Malachi Constant said:

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You’re welcome!

If any of this is based on Hertz, I’d like to emphasize that no contract has been signed yet.

Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers.

Hertz deal has zero effect on our economics.

— Elon Musk (@elonmusk) November 2, 2021

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TSLA dropped about 5% on this tweet and now looks like it's fighting back to flat already haha

If people were buying based upon a 100,000 vehicle order they were nuts. Tesla is back ordered through September for the vehicles they're selling Hertz. They don't have problems selling cars. The only way this deal should make anyone excited is that it's almost like Tesla is being paid to advertise.

Presumably, this influx of value ought to help Tesla accelerate their production.

im doubling down **** it

What's everyone's thoughts on the Rivian ipo?

overvalued but what isnt these days, will throw a few hundred bucks at it. its promising with their relation to amazon

They delivered 160 vehicles in October, and are having trouble building vehicles. They may be a worthwhile stock at some point, because the vehicles they've designed seem very capable/attractive, but it's not Tesla.

Rivian's IPO is going to be valued the same as Tesla after Tesla had delivered 100's of thousands of vehicles. Tesla has proven EVs as a business model, but Rivian has a couple of years before it really gains the kind of traction it needs to justify that valuation.

Certainly didn't think they were the next Tesla where I could expect a 250x return.

Wasn't really bringing up Tesla as a growth potential, but rather a valuation comparison relative to what Tesla had done by the same valuation. Rivian is being offered at a value higher than Tesla was when they had a fully producing factory in California delivering 100,000 vehicles per quarter, a factory pumping out gigawatts of batteries, and another factory in China under construction.

Ok. That makes sense.

What I'll add is that Rivian, while not productive right now, does have some pretty big partners backing them, which should help prop them up through the struggles they're experiencing/will certainly experience in the future. I wouldn't bet the farm on them, but it could be a good stock to throw a flyer at. Amazon is ordering delivery vehicles, and Ford is invested in their platform as a way to convert their vehicle lineup to electric as well.

Meaning that it could be a good stock to invest in if you're willing to hold for 3-5 years at minimum.

I'll probably pick up 100 shares through sofi's ipo offering.

I don't really keep up with Tesla news but I was curious on Elon's planned sell off of 10% of his holdings and I was kind of surprised to see this thread hadn't been bumped.

Too busy drunk

He has expiring options at the beginning of next year, and his choice is between exercising them this year where the tax environment is known or next year when it's unknown. He'll retain >20% ownership.

Musk is smart. He knows there will never be a billionaire tax on unrealized gains. He is just trolling the progressive and government. Now when he sells his 10%, which he would have done anyways, he could say he paid his taxes and the progressives would shut up.

Unrealized gains tax is the dumbest tax. Imagine having 10 billion with 5% tax, you would be taxing the same money into perpetuity until is goes under 1 Billion.

Bought a measly 1 share @ $480, but then decided to up it to15 @ ~$715.

Will probably by more on the next ~15% dip.

What was the ******* point of announcing you're gonna sell and then don't sell ? I'm losing gains damnit