Tesla most valuable automaker in the world
Discussion
Lim said:
For the first time ever I’m thinking he is in on this somehow. The ‘share price is too high’ just a setup.
Well *someone* with a strong interest in pumping the price up is blowing millions on very short dated wildly OTM calls. They found a cheat code and they're using it.The stats for the stock are utterly mad, not just the price or the movements but the volumes it's doing.
The only profitable products are the stock, and selling emissions credits to Fiat generated by cars Tesla might build in 2023.
On the other hand Ark were actually right about it hitting $4000, though they did say by 2025.
If you want a proper laugh look at the analyst reports pumping ever higher price targets - they attribute huge values to bits of the business that just don't exist, or where they do they (for example) value 'Telsa Insurance' (a rebadged policy from someone else) at more than the entire insurance company they buy their niche policy from...
The share price is part of the marketing package. The higher the valuation, the more hype it gets and the more incidental marketing it gets. People love the high-flying-businessman/visionary and Elon Musk plays that part just like Steve Jobs and Bill Gates did. And strangely enough, like he-who-shouldn't-be-mentioned.
Tesla has a higher than normal percentage of retail investors (52%) than the S&P large cap average (20%). Elon Musk himself falls into the 48% of Tesla investors classed as institutional. I saw a news article last week saying that he needed only another fourteen billion dollars (!) to be the richest person in the world and I jokingly thought I wouldn't be surprised if someone started a GoFundMe for it, like how some folk did the same to buy him a sofa so he could sleep in his office.
The cars are the most identifiable and relatable products which Tesla sell. They could be a bit on the shoddy side but as long as Tesla fixes them up no one seems to really have a problem with it. Warranty work must be a real pain for Tesla and I wouldn't imagine that they've built much of the coverage for that into the purchase price of the cars themselves. So long as they can sell carbon credits to Fiat they can cover that and the quality thing is something which will get resolved over time, if they want to.
This is an interesting article about Tesla and the retail investor thing: https://cleantechnica.com/2020/12/09/telsa-tsla-re...
Edit: as an indication of the following which Elon Musk has, he recently tweeted that people should use a messaging app called Signal instead of Whatsapp and Facebook messenger. Investors piled onto that buying up a penny stock called Signal Technologies, sending it up 1200%. The snag being that Signal Technologies has nothing to do with the Signal messaging app: https://www.youtube.com/watch?v=_qIdfXBFj70
Tesla has a higher than normal percentage of retail investors (52%) than the S&P large cap average (20%). Elon Musk himself falls into the 48% of Tesla investors classed as institutional. I saw a news article last week saying that he needed only another fourteen billion dollars (!) to be the richest person in the world and I jokingly thought I wouldn't be surprised if someone started a GoFundMe for it, like how some folk did the same to buy him a sofa so he could sleep in his office.
The cars are the most identifiable and relatable products which Tesla sell. They could be a bit on the shoddy side but as long as Tesla fixes them up no one seems to really have a problem with it. Warranty work must be a real pain for Tesla and I wouldn't imagine that they've built much of the coverage for that into the purchase price of the cars themselves. So long as they can sell carbon credits to Fiat they can cover that and the quality thing is something which will get resolved over time, if they want to.
This is an interesting article about Tesla and the retail investor thing: https://cleantechnica.com/2020/12/09/telsa-tsla-re...
Edit: as an indication of the following which Elon Musk has, he recently tweeted that people should use a messaging app called Signal instead of Whatsapp and Facebook messenger. Investors piled onto that buying up a penny stock called Signal Technologies, sending it up 1200%. The snag being that Signal Technologies has nothing to do with the Signal messaging app: https://www.youtube.com/watch?v=_qIdfXBFj70
Edited by rodericb on Sunday 10th January 03:16
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