The reason you donât understand how it is possible is because as you say âyou donât see why it is the largest car manufacturer by market capitalisationâ. They make great EVs, yes, but their value is in clean energy storage, artificial intelligence and tech.
They will be leading the way in pay as you use cars, driverless taxis etc. Private vehicle ownership over the next few decades will decline more and more to the point that the idea we used spend 30, 40, 50k+ on owning a car will seem ridiculous. Tesla will be leading the way here with ride sharing and transportation tech/energy/AI.
Just to add - I donât hold any investment in Tesla but this is the reality of the situation. They are positioned directionally correct from a business point of view for the long term.
Donât forget energy creation from solar roofs, which is the only good looking solar solution for roofs. They have so much potential, itâs only the beginning
Another point⌠any big car manufacturer is at least 5 years behind Tesla in software development.
I saw they amateur error many many times as a software engineer, they thought that they can just open the wallet and pay to have the same level of software integration overnight, because they have much money⌠and now they have realised that it wonât happen and they are stuck on they legacy environment.
This is only about the car + software integration, besides AI and autonomous architecture.
Nio is now being recognised by Wall Street, finally! Itâs sales have surpassed Tesla for 2 consecutive months, they are a luxury brand, coming to Europe in the next 5 years and Tencent Holdings have just purchased millions of pounds worth of shares. They also have a new SUV thatâs being tested by Mobileye (owned by Intel) and surpasses the automatic driving of Tesla. Also, you get more bang for your buck in buying Nio. The mid August forecast is $20-25. I get my information from Nio Shareholders Club on Facebook and DongXii on YouTube. Both very credible.
Maybe it will be different with EVs, but I donât really think Chinese cars sell very well in the west. Perhaps Nio will be the first to do it well, but nobody like Chinese cars currently. Obviously Iâm a Tesla bull.
I disagree on the basis that these are luxury cars and most of their sales come from recommendations. They have very good reviews. Not long ago, Nio was under $4 per share and is now in the 15s. Its undervalued at present, whereas I think Tesla is overvalued. Each to their own.
Maybe a little bit off topic but what are people thoughts about NIO price? How far itâll go today, at the end of week? My personal bets are 16.5-17 today and about 20 till Friday? Anyone else would like to share ones share price target in the same manner? Purely for fun of course
I would love to track KNDI at the same manner itâs raising maybe slower but consistently made request for it but Iâm not expecting it to be added, team have other more important things to do. EV become hotter and hotter every day.
Certainly tempted to get in with tesla. My understanding (Iâve been ETF investing only so dont really know much about fundamentals etc) is that the fundamentals arenât the best âŚparticularly they have negative income. But they do seem to be incredibly innovative. Hmmm lots of ppl very positive re investing with them on here. Any folk think they are a bad investment ???
Theyâve been profitable the past 3 quarters, and likely profitable this quarter too, making them likely to be included in the S&P 500 index, so looks like you will probably get exposure to them soon without needing to invest individually
I (think I) agree with @CavanHaganInvesting â I wouldnât go chasing it if I were you. I would stick to your strategy if itâs working for you and let Tesla come to you. Let your fund managers figure out how to get hold of Tesla shares. Thatâs what you pay them commission for!
To everyone so eager to invest in Tesla I would strongly recommend to read Intelligent Investor by Benjamin GrahamâŚThere you will see a very short sentence saying âhow muchâ. Thatâs what you should all be thinking about instead of jumping on bandwagon
Either way, the RSI does not always indicate a pull-back and when it does it does not have to be imminent nor a very big pull back. However I do agree that it has grown too quickly.
I have not invested in Tesla, therefore it could be nice if there was a pullback as it may leave an interesting share price to invest in .
Price is irrelevant. Markets are efficient. Amazon, Apple and Microsoft have all been called overvalued about a billion times each throughout itâs growth.
I guess you never heard of '99 dot com crash⌠check Cisco price back then and now. Even after 20 years, people are still not breaking even. Price matters always. Just because everyone is buying it doesnât mean you should too. I am staying the f away from Amazon and Tesla.
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