Michael burry just shorted Tesla - RIP

Actually was just going to add, interesting read. Carry on. :popcorn: :rocket:

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I don’t drink but thankyou :relaxed:
I already own an island anyway… its in my kitchen

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It’s not so much about 100, 200 and so on etc, it’s about what were the sales at the time. If Tesla was selling far more cars to justify it’s current price then the issue of being highly overvalued would be laid to rest imo

It going to be at a “fair premium” until revenue and profits stabilise. Right now the ceiling for profits seems infinite with the amount of ventures Tesla are undertaking. All we have right now is cars and it’s looking pretty decent. Lots more that can come, and I (and many other) believe will come, and that’s shown in the stock price. It’s definitely a scary stock, they can’t slip up at all, but I believe they’ll kind of be like a conglomerate with lots of high revenue and high margin segments. I’m just hoping they start paying a dividend when the cash comes flowing in :eyes::money_mouth_face::rocket:

Lenos, you’ve just earned my first like to you. Good show. :stuck_out_tongue:

Do you think when the index’s are fully brought up it will lower the volatility?

So let’s say in a couple of years time the Bulls were right about Tesla, am guessing they would gift the bears with a bit of their Tesla stocks to spite them :rofl: :rofl:

That’s the point of buying a growth stock like tesla. You buy before they get the sales, otherwise, I would have bought value stocks.

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I have no clue, the reduced float seems like it will push stock price, but I think there will be a lot of profit taking from actively managed funds, putting downward pressure. It’s interesting, the short squeezed pumped Tesla up, and the stubbornness of Tesla investors making them hold their shares helped to hold the stock up and push it higher, and now there’s many more shares removed from market since indexes are buying. I don’t know when the volatility will go away though, could be years away.

Funny how I’m a dividend investor lol, then there’s just Tesla :joy: only company that I’m extremely bullish on

Btw I just want to say I have absolutely no problem with anyone bearish on Tesla. There’s no correct answer it’s all a perspective, and clearly there are many different ones. If you see it as just/mainly a car company then stay clear, you’ll probably lose money or at least underperform the index (my bear case estimates which meet this description was a share price of $866 in 2030, which is obviously a terrible return). If you see it as more, do some estimates, calculate the valuation based on some P/Es, give a conservative case, calculate the annual return based on the difference between that price and today’s price, and then you can figure out whether it’s worth the risk of investing. For my quick estimates my average case is around $7,000 per share around 2030, which at the time was 28% annual growth. But that was a few weeks ago before the recent bull run so it’s a bit lower now. Planning on doing a full price estimate soon instead of the quick one, just hard to find the time to do it.

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They just released something on (virtual) CES.

Lewis Hamilton has the eqs and its stunning but unfortunately as usual with Mercedes it’s half baked.
Slow in comparison to almost all eV at the moment with average range and a high price tag. They are releasing an amg version so maybe that will be better but for now it’s just nice looking with quite a hefty wait ahead

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This concept is from last year, they did release something yesterday.

The only issue is how far apart mercedes concept cars and the real car that’s released will be.
They have an ageing client base so futuristic doesn’t really meet the companies actual client base which is a shame because they really do make stunning cars when they don’t think about it too much.

The main issue for the German elite is they are way behind with tech, they hired Tesla’s and backward engineered them to get to this stage and still the range is at the bottom of a 25k car list yet most are priced well over 50k. They are offering 75k cars with less than 200 miles range at the moment which just won’t work.

If they push the hybrid a bit more this may buy them some time to develop the batteries, but currently they are lost sheep.

All the big potential European battery manufacturers are years away from developing at old levels so by the time these are fully functioning the market leaders will have moved on to the next

I think it was always like this in the automotive industry, and it’s fine, it’s the moment where everyone involved can go outside the “business restrictions” and do whatever they want.

Before I moved to Germany, Mercedes was the most boring brand for me… it changed very quickly after living here. The AMG line is simply amazing, with great designs, very young-ish.
Besides Porsche of course, VW and BMW are much more “standard” on their cars, they take less design risks as well.

I own same shares of BMW, but for the cars themselves, I prefer Mercedes :heart_eyes:

Hi All,
I am a beginner in trading. Holding Tesla but yesterday’s fall made me think shall I hold or sell? Any comments much appreciated

Thanks

I’m in the same position as you but I sold my shares last night for $809. I bought them for $666
Not sure if it’s the right thing to do but we will see

I’m also a beginner, I purchase mine at $680 but I’m going to stick with them.

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If you have a long term time horizon hold, they will be worth a lot more 1 year from now, 10 years from now.

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