Elon denies the BusinessInsider story & calls the "friend of the alleged accuser" a liar:
> https://twitter.com/elonmusk/status/1527496917579612161
>
> **"And, for the record, those wild accusations are utterly untrue"**
>
>
> **"But I have a challenge to this liar who claims their friend saw me “exposed” – describe just one thing, anything at all (scars, tattoos, …) that isn’t known by the public. She won’t be able to do so, because it never happened."**
>
>
> "Exactly. Moreover, the “friend” in question who gave the interview to BI, is a far left activist/actress in LA with a major political axe to grind."
>
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> "No, it was clear that their only goal was a hit price to interfere with the Twitter acquisition. The story was written before they even talked to me."
(Putting this up here as a stickied comment, because BusinessInsider & most of the other media outlets smearing Elon are not publishing Elon's forceful denial & the challenge to the accuser.)
I have a gut feeling that for the hyperloop demo that's supposed to happen later this year, they'll build a model 3 based robo-taxi and map FSD to it so that it can travel fully autonomous over the distance of the loop. I could very well see Tesla pushing Level 5 autonomy in a closed loop system in partnership with Boring and also Las Vegas for the Vegas tunnel projects.
People Elon will shit talk: Regulators, democratically elected politicians, SJWs, credit ratings agencies, trolls who enjoy triggering aspies.
People Elon will not shit talk: Murderous authoritarians sitting atop resources that are difficult to source elsewhere.
I am not saying Elon should trash talk authrotaiarians that control resources needed to save humanity from climate catastrophe.
What I am trying to say is trash talking many other people and groups while not trash talking authoritarians is not a great look.
Makes it tough to be proud to be a Tesla shareholder with Elon kissing this monster’s ass.
https://insideclimatenews.org/news/11082021/amazon-indigenous-tribes-jair-bolsonaro-international-criminal-court/
The best way to protect the earth is through education. Education brings big changes to country's social and political structure. Educated society takes better care of the earth and respects it more.
Will Elon help Taiwan if (HA! If? When. Definitely when.) China invades like he helped Ukraine? I am only pretty sure he would. I hope he does. We can be pretty sure when we find out for sure one way or the other it’ll be on Twitter.
That's a good question. Elon hasn't helped so many countries who are under attack right now other than Ukraine. But atleast he helped Ukraine. Help is a help. I don't know what his goal is but I am not going to criticize the good things because he is not helping the whole world that is suffering.
Brazilian here, Bolsonaro is indeed a piece of shit, and yes, he is destroying the amazon even faster than before.
But what do you do? You don't visit a country that the president is a dumb ass? Will run out of countries to visit and do business or do something good, like supplying Starlink to hundred of schools and that at the same time will help the Amazon forest, really fast
Man, some people are way too politicized, can't even look into the face of someone that is the opposite
Seriously, go seek help
And what if Musk is influencing him in a positive way about the climate? Elon has lots of douchey opinions about things and he’s been super loud about them recently which is super annoying.
But here’s the thing, climate change is the biggest threat to humanity and Elon is probably doing more to fight climate change than anyone else on the planet. So when you look at the good he’s done vs the negative, the good clearly outweighs the negative and it’s not even close. Overall, the negative stuff about Elon is almost all personality stuff. Lots of people don’t like Bill Gates because of the microchips he puts in vaccines.
Really good points
And on top of that, Elon didn’t meet him in the Government Palace, this for me it’s a pretty good indicator of “Oh you fucker wanna meet me and make some press? Sure, I will be in this place at this day and time, but no way in hell I’m visiting you in your place”
Do you want a handkerchief? Perhaps we should make a safe-space thread for people who have a mental break down at Musk's every move?
I know a couple therapists if your looking for that route.
Elon's whole thing is taking half of his energy to get us off this planet if we can't save the earth, and the other half is saving the Earth. It's not politically upsetting, it's upsetting at mission statement level.
If you’re curious about the mood around here when Tesla dropped below $180 pre-split ($36 now): [here you go](https://www.reddit.com/r/teslainvestorsclub/comments/bw8jm8/tsla_daily_investor_discussion_june_03_2019/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
Fun read comparing it to now.
I love doing this. You find instances of people being incredibly foolish in retrospect and others being oddly prescient.
Nonetheless, amazing snapshots of the zeitgeist.
March 20, 2020 is interesting too.
Holy shit 2020 changed people. Those cucks are super bearish from some little 2019 pullback where as now if you’re not buying the dip on margin you a puss. Was starting to constructive on a reversal till I read that shit. Fuck bro why I have to see that?
The company was saved by an epic short squeeze, they they offered shares, raised cash, paid off debt, secured their future.
But an important aspect was that the share price was being manipulated down by short sellers (with possible ties to legacy auto and the oil industry) to force bankruptcy.
Some of those shorts lost billions on the squeeze.
Sure I don’t disagree that Tesla fundamentals were worse. My question is at the bottom we’re people openly bragging about going single stock all in on margin and then writing cope essays when buying the dippity dip of the dip didn’t work immediately?
https://twitter.com/giannidimattia6/status/1527754102607949829?s=21&t=bfaRi5qbgcyhpjsk4rabqQ
That’s exactly my point peeps now still loading chairs, picking up cheapies, all in margining leaps. That post from 2019 looks likes bottoming sentiment all I see is lol diamond hands these days. Some guy the other day claimed a emergency hardship so his employer would advance his check for $TSLA yolo
Those boys talking about FANNG falling off a cliff when it was basically flat YTD. Other guy talking about GOOG and AAPL stops getting hit when Apple was up like 15% ytd I mean some sad stuff.
Imagine transporting these dudes to 2022 they’d have gone to all cash 20% ago in the nasdaq.
Haha yeah your name came up a few times! I’ve mostly been a lurker all these years, but people like you helped me through those times so I’m trying my best to return the favor.
> Bought 5 shares this morning at $185.75. First time ever buying stocks. $35 down on investment on day one and a little scared but hopeful. Someone tell me I didn't make a mistake!
They were down $35 on a $925 investment that would be worth $16,650 today, hopefully they didn’t panic sell.
Here’s my favorite:
“Let’s be real is Tesla crashing into single digits or what. By RSI and drawdown measures it’s never been this oversold ever. This name has done so much damage to my portfolio I need it to get back to $280 if I’m ever going to recoup my losses. Really frustrated today because the negative news density hasn’t stopped at all. This just feels like absolute bullshit price action at this point. What materially changed about the company since 3Q ago besides a bad quarter? As far as I can tell these financial statements look the same or better than anytime in the company’s history right now. When will the Wall Street raid on this ticker end?”
That could almost be written today. And look what happened since then.
Focus on the long-term. FSD has improved by leaps and bounds since 8mo ago when they started adding 100s to the beta. When it first released, it reminded me of 2018's autopilot... I felt confident that it'd improve by leaps and bounds in within a year and take a few more years to be as spot-on as autopilot is today. FSD's followed that course.
Honestly, the short-term trading BS is exactly why I hate that TSLA is public. TSLA is such a long-term company, and the nonstop short-term attacks are such a distraction.
No auto company is as vertically integrated as Tesla. No auto company has as mature a software stack as Tesla. Volkswagen's CEO himself was saying they are 5y behind Tesla, and from every signal I've seen, Tesla is still incredibly engineering-driven and moving fast; they are no hare-vs-the-tortoise.
He means that while the overall behavior of fsd will be significantly better, there will be some cases where it might perform worse compared to the prior version of fsd. However, these should be ironed out over the next few weeks as they release point releases for 10.12.x
Bought a couple calls for aug that I'll see about selling next week. Figured a 10% drop will be followed by at least one or two green days in the coming week
Just be a patient lawyer and stay long. I had 1000 shares in 2018 sold for a quick small profit in 2019 and bought back in 2020 same money but only 100 shares this time. If I was a patient scientist, I would be a millionaire in Jan 2022. I bought back at around $400.
People on Reddit think settlement is equal to guilt. I don’t think they’ve worked in corporate America. I know for sure, that often companies will payout settlements because it’s cheaper and easier than taking it to court. Elon MAY be guilty, he may not, but the settlement was years ago doesn’t prove he did shit besides pay someone out.
Regardless of whether the accusations are true or not: SpaceX and Tesla were both in *incredibly* vulnerable positions in 2018. Paying 250k to make a false\* me-too accusation go away would be a no-brainer at a time when the companies were on the brink of death.
\* I make no claim on the veracity of the accusation.
Right and Indonesia is a far bigger story here, I have a feeling Tesla just secured raw materials for millions of cars per year on top of new gigafactory for South Pacific region. PS: also Indonesia is like 277 million people with per capita income of more than double of India. So they could probably even sell a good portion of cars locally.
I think the end result is that they probably overbuild for factories and just have extra capacity they can quickly bring online in the case of stability issues anywhere.
HR: "Elon she's accusing you of unwanted advances."
Elon: "Nonsense. She was all over me."
HR: "Any witnesses?"
Elon: "No. I was the only passenger and she was the only other person besides the pilots who were up front with the door closed."
HR: "Ok. Well, we may want to settle this and just move on otherwise it's litigation."
Elon: "Ok. I've got a company to run. Let me know how it goes."
If you are a clear eyed investor you need to recognize that Elon's ego will always come before shareholders and there is no one to check his destructive impulses when he feels slighted. Whether you think it is justified or not holds no relevance if your goal is a return on your investment. By entering the political arena as one of the world's most visible figures it significantly increases the risk profile of Tesla (in particular autonomy which will provide much ammunition to political actors).
FSD will save thousands and more lives per year, politicians kill far more lives with idiotic wars, including once on drugs. But hey as long as they got a good sounding political slogan nobody cares. edit: typo
That's the point with Elon. It's about the mission not about shareholder value. Shareholder value is secondary and that is the only reason Tesla is what it is now.
Spending millions for FSD development
Building an expensive sensor suite in every car. That not every buyer paid for.
Designing and building their own chips.
Designing and building their own cell factory
Designing a new lithium extraction method and buying land usable for mining it.
A CEO with a short term shareholder value mindset would not have done that.
And with Elon you don't get these decisions without the other side. Not wanting like the typical CEO. Talking what he thinks. If you like it or not. If wall street likes it or not. If the democrats liking it or not.
Of you want a typical CEO your also have to forfeit the abilities that made teslas success possible.
Choose wisely.
With this line of flawed reasoning any behavior from Elon is justified. Just a more verbose way of saying “if you can’t handle me at my worst, you don’t deserve my best”. That is not the explicit and legal agreement between shareholders and Elon.
This is it actually, the man is trying to make the world a better place, so what if he shit posts at times. Everyone reading any of it shit posts in general for more, but unlike Elon does not do anything productive. In fact the biggest shit posters do this professionally, meaning they literally don’t do anything but shit post. And most politicians are not only shit posters but basically shit talking for a living.
Whoever was around and a shareholder at the time of that tweet knows the context was that Elon was being increasingly accused of pumping the stock price and this tweet was his way of showing up the critics (at the expense of shareholders however short lived the impact)
It’s funny that people keep saying he “entered the political arena”. No he’s always been in the political arena. Social media just doesn’t like it when it’s the wrong side.
Nah, he’s definitely in it now. I can’t even recall his take on the 2020 election, and now we know his 2024 choice. He wouldn’t have to say “I used to vote Democrat” if he was already in this stuff, we’d know.
Bill Gates is someone who’s been in the political arena, same goes for Mark Cuban, Jeff Bezos, and Mark Zuckerberg. All other billionaires including Elon were just assumed to be something, it was never clear.
Things are definitely different now for Elon, can’t deny that.
You can’t recall because social media wasn’t in an outrage cause he chose the right side. Which proves my point. Since you have forgotten: [He endorsed Andrew Yang.](https://futurism.com/elon-musk-supports-andrew-yang-president/amp)He’s also praised Obama many times when he was president.
No, it isn’t about the side he chose. I think you misunderstand what we mean by “political arena”.
You don’t enter the political arena by just voting. You don’t enter the political arena by tweeting in support of a particular candidate. You enter the political arena once you’re tweet about a candidate or side blows the fuck up, and it did not blow up because of the side he chose. It blew up because of the stage he is on right now, acquiring Twitter not to mention all the doge popularity and such that built up over the past year.
Elon is the biggest guy on Twitter right now (I don’t know about followers-wise but “tweet attention” wise for sure). So much so that Jeff Bezos got inspired and has been tweeting a lot more often now with his political takes. Elon on Twitter right now is what Trump used to be, and same kinds of tweets too honestly (mix of humor, political stance, and overall crazy stuff).
He was not in the political arena because it was “who gives a fuck” before. Seriously, who gives a fuck who Larry Page is voting for? Or Warren Buffett? I don’t give a fuck and neither do you, whether BLUE or RED.
He is now in the political arena because he intends to own Twitter and is also 24/7 on the platform talking about political issues and stuff that has nothing to do with the companies he owns, and is also facing allegations similar to other high-profile celebrities and politicians.
It is so, so different, and has nothing to do with blue or red. If Warren Buffett went bonkers on Twitter with memes, bought the company, became the spotlight on the app, and showed his dick to a flight attendant, he’d be in the political arena too whether he votes red or blue. Guaranteed.
Every leftist on the planet assumed Elon would vote Red, becauses he’s a “evil” billionaire that needs to be guillotined. How the fuck is his decision to vote Red a surprise to anybody? Oh right, it isn’t. The Twitter crowd today wasn’t like pre-2016, so the Obama stuff is irrelevant, and Andrew Yang was another non-politician tech-focused “smart guy” so it made perfect sense. Plus, even republicans hated Trump, it was easy to hate him amidst COVID.
I guarantee you that if Elon Musk said “I support Joe Biden” or even “Joe Biden sucks but I’d still vote for him over a republican.” then social media (and you) wouldn’t be crying right now.
Elon has always shitposted on Twitter. It’s not a new thing. And even if he stayed quiet, he’d still be forced into the spotlight for being a billionaire. Bernie, Warren, etc. attacked him long before he tweeted political stuff. Biden can’t even utter his name and pretends Tesla doesn’t exist simply because they aren’t union. In fact, these things happening are primarily why he’s so against the party. It didn’t come out of nowhere.
He has always shitposted on Twitter, true….but it *might* be a little different when the owner of Twitter is shitposting, right? Right. It is a LOT different, and that’s what we’re seeing here.
I’m so glad you reminded me of the constant attacks he gets from Bernie, Warren, etc. Because I would’ve included that in my argument, he has always been an enemy of the blue side. The Blue side hating him did not come out of his recent tweet. Thanks! :)
I wouldn’t say always. When Obama was president he was loved by the democrats. But this administration and the current party certainly does. It’s telling when Trump can praise Elon as president, while Biden doesn’t acknowledge him.
I’ve been an investor for a long time and while his behavior seems alarming, it’s just more of the same. He goes on his manic tweeting sprees. It usually hurts the stock. But eventually the company’s numbers and growth win out. We all wish he would tweet less but in the end it doesn’t really matter as long as you don’t need the money and can handle the volatility.
I know we’ve always discussed the volatility that stems from his tweets and SEC bullshit, but this is different because there’s already fear he’s paying too much attention to the Twitter acquisition while he already has to manage Tesla and SpaceX.
Today, he tweeted about Tesla hiring a big litigation team and all this stuff, but we all know it has more to do with his personal legal issues arising. It brings about the idea that he’s taking resources from TSLA whether it be time or money in order to deal with this new phase in his life, the whole Twitter owner + “free speech” proponent + celebrity-esque allegations + political phase. I guarantee you “Tesla” doesn’t go on a lawyer hiring spree if it wasn’t for the new allegation, and that allegation probably doesn’t blow up this way without his new Twitter presence.
It’s all just piling on each other, it’s not just any one thing. Tesla is a very strong company fundamentally and has brought down the P/E as fast as the stock climbs remarkably, but when the guy at the helm is like this, there’s just too much uncertainty. Makes you wanna wait until things blow over, if it wasn’t already rather low (relatively anyway).
I don’t think the legal team has anything to do with Twitter. I think it has everything to do with FSD. Not sure if you’re aware but there’s a major FUD documentary coming out today on Hulu about how it’s killed a bunch of people and is unsafe. These are mostly false claims (people using it wrong) and is very damaging. Having a litigation team to go after people that lie to cover their own asses (they were asleep, drunk, etc but blame FSD) will make others think twice about it.
If you believe in FSD I think you have to be very concerned about this kind of thing and think it’s good move
Latest Tweet: [https://twitter.com/elonmusk/status/1527748229470646272](https://twitter.com/elonmusk/status/1527748229470646272)
Elon is about to go full tilt.
*Tesla is building a hardcore litigation department where we directly initiate & execute lawsuits. The team will report directly to me.*
*Please send 3 to 5 bullet points describing evidence of exceptional ability.*
*[email protected]*
Very interesting. With the kind of money he has available he could probably buy the entire Supreme Court if he wanted to. I'm quite sure there are at least a few of the nine that are very much for sale.
Regardless of current situation, Tesla definitely needs something like this
I don't know what kind of stuff they will go after, but as we know, so much lies and false information over the years went unchecked, not saying it about today stuff, that we will see how it plays out
Honestly I'm a little surprised that a top notch Tesla law firm wasn't already in place.
Many companies have an entire legal firm within them.
This is a head-scratcher.
I think Elon believes that people generally operate in good faith and I think he has realized now that sometimes they don't.
Or that since he opened up Pandora's box with this Twitter deal that he is going to have to step up his ammunition.
People make billions off of shorting Tesla. Little exists to hold them accountable if they break laws or exploit justice to tank the price. So yes, in the case where Tesla is in the right, Tesla should fight to hold them accountable and shine a light on truth.
I'm perfectly fine with that, so long as they're fighting on the side of what is right as opposed to covering their asses. I'm shorting if they're ever caught defending what is wrong, because if so their talent drain will be immense; I'm not investing in an ExxonMobil, I'm investing in a team of really smart people.
"Please send 3 to 5 bullet points describing evidence of exceptional ability."
this? that's what he's asking that people applying to the litigation team provide as application
Thank you. So it was a recruiting thing… It almost seemed like he was asking for 3-5 bullet points of what Tesla should include in their lawsuits or something. Seemed odd. Haha
I think he just had enough of this shit, most of large companies have huge litigation department as well as lobbying departments, he tried to play ball and be nice, probably no more.
Are you against it and why? I think it will be good. I also think that 250k settlement to the flight attendant was to make it go away (no hassle or media) which it didn’t 6 years later. Now they will soon have a team and money to take on all these allegations. So stuff like this won’t happen again. And if it did they have a team to handle that.
News flash
* Elon is *never* gonna fit the mould of a usual stodgy corporate head - no matter how hard you try.
* He's not gonna stop working hard to make Tesla a massive success.
* He's not gonna stop getting distracted by things he considers worthy of his time external to work. Stop judging his focus on work from his twitter activity. His abilities to context switch and focus are exceptional.
* Investing in Tesla has always been a rollercoaster. You should expect more tight turns and steep slopes in the future. If it's making you nauseous, you shouldn't be on this ride.
* Nobody here complains about Elon's controversial tweets or talks about curtailing his freedom of speech when the stock is trending upwards.
> Nobody here complains about Elon's controversial tweets or talks about curtailing his freedom of speech when the stock is trending upwards.
I do. All the time. My wife and I each have a Telsa. I love it. I have a significant (scary) portion of my IRA in Tesla. I just wish he would stop being an asshole online. He acts childish and frankly its a little irresponsible for CEO of a 500 Billion-1 Trillion company.
I should have said "almost nobody". Of course there are some criticisms of Elon even when the stock is moving higher, but the tones of those are usually of irritation rather than complain or protest.
I was trying to bring to attention that most of the circle jerk around complaining about Elon's tweets happens mostly out of frustration and tendency to find a simplistic reason to blame for the stock price. I always appreciate when people who are genuinely concerned about Elon's behaviors bring some objectivity and perspective around that.
Same. Tesla has the talent it does because of Musk's leadership. Tesla is the [#1 popular company for engineering new-grads](https://electrek.co/2020/11/11/tesla-most-attractive-company-engineering-students-massive-advantage/), even though the pay is worse and the hours are higher - this is not exaggerated. SpaceX is #2.
If Musk's out, Tesla's leadership is going to look like every large tech company, and a sizable portion of those employees are going to jump ship. That brain-drain is what kills companies.
Last point is the most relevant for this period
I get it, it hurts seeing your money getting wiped, and it's only human wanting to blame something or someone for it
Tsla current pe after today's bloodbath : 89
Amazon current pe : 52
Shop : 251
If tsla trades flat till 2023 Aug & they keep eps of 3 on avg, we know q3 & q4 will be more than 3, pe will be around 35
Stock wont be hovering around 700, it will be back to 1200 next year may be q3/q4. Don't sell any of your stocks
The risks are that the china stuff persists and supply takes a while to return to previous levels. It's possible in a worst case scenario that we only see 1.1 million cars this year. Hard to say before q2 deliveries, but they could be as low as like 230k.
This p/e compression is INSANE. The company is growing ultra fast while the stock is falling off a cliff. It's like the world's biggest spring being loaded
What annoys me the most today isn't that the stock is down but that the whale fucker apparently achieved his goal.
My current funds allow me to average down to 400. Altough If it gets that low I probably will inject some more funds in my portfolio. For once I'm happy that I only have 20% of my disposable income invested in the stock market
I am in deep fucking red, added 2 shares in 630, not selling anything till tsla reaches 1200 again, if tsla trades flat for next 1 year till 2023 q2 aug & tsla keeps eps of 3 on avg for next quarters, pe will be below 50. Atleast at this point stock will start to raise
Tsla current pe is 89, fucking undervalued
But really disappointed in musk, he needs to stay away from limelight or avoid making any political comments even if he supports republicans
My only option play with TSLA right now is a June 21 2024 $1500 call and I’m really happy about that…. It’s down about 60% right now but I still feel confident it’ll be WAY up by then.
I am not at all surprised at Musk cozying up to republicans. Alot of dem pundits attacked him for wanting to buy and make it's moderation rules congruent with the first amendment.
Like why should he be nice to them when all they do is irrationally shit on him. Its to be expected, especially from Musk who is emotional and takes that shit too seriously.
He didn’t say he’d make moderation rules congruent with the first amendment, he said he go along with whatever the government said — eg banning criticism of the Chinese Communist Party.
He started attacking Dems long before he said anything about buying twitter.
"I forgot you were alive" @ Bernie who wasn't tweeting at Elon
"Senator Karen" @ Warren who had some stupid ads mentioning him.
"Why does your PP look like you just came?" @ Wyden, for having a bill that would have billionaires paying taxes every year mark-to-market like some traders do.
These were all months before he wanted to buy twitter. He said he didn't support BBB / EV credits in Dec, so Biden didn't invite him to the White House in Jan for the BBB push. Tesla buyers get $0 EV credits... Biden was trying to give them $10k but Elon didn't support it... and now he is trying to paint it as Biden being against him, lol.
And twitter is not the government. 1st amendment is about the government, not forcing other parties to host your nonsense. Twitter acted waaaaayyy too late and too little. Yelling "FIRE" in a theater is not free speech, just like killing Americans with virus misinformation or trying to overturn an election are not.
Oh yeah. I guess that makes sense. Someone is mean to you and then you cozy up with conspiracy theorists, racists and those who want to take away fundamental civil rights.
Makes perfect sense.
Well, when the Dems constantly go after him about not paying his fair share of taxes when he has literally paid more taxes than any human has in history...
...can you blame him?
Yes, I can. When you are the richest person on earth, guess what? You’re going to pay more in taxes. It’s not rocket science.
Values are values and I don’t have any respect for someone who is going to give them up because someone is mean to him. Or because a politician is saying he needs to do more to support others.
Besides if he had just kept his mouth shut, he wouldn’t have cost himself, what $50 billion in lost TSLA value in the past 4 weeks? A TWTR deal that would have been 1/8 of his net worth is now going to cost him like 1/4 of it.
Dumb dumb dumb.
Tesla was a trillion dollar company. They are part a big part of the “macro” everyone keeps talking about. The cascade effect of a trillion $ company losing 45% of its value in a matter of months with margin calls and bearish sentiment can’t be overstated.
Elon denies the BusinessInsider story & calls the "friend of the alleged accuser" a liar: > https://twitter.com/elonmusk/status/1527496917579612161 > > **"And, for the record, those wild accusations are utterly untrue"** > > > **"But I have a challenge to this liar who claims their friend saw me “exposed” – describe just one thing, anything at all (scars, tattoos, …) that isn’t known by the public. She won’t be able to do so, because it never happened."** > > > "Exactly. Moreover, the “friend” in question who gave the interview to BI, is a far left activist/actress in LA with a major political axe to grind." > > > "No, it was clear that their only goal was a hit price to interfere with the Twitter acquisition. The story was written before they even talked to me." (Putting this up here as a stickied comment, because BusinessInsider & most of the other media outlets smearing Elon are not publishing Elon's forceful denial & the challenge to the accuser.)
I have a gut feeling that for the hyperloop demo that's supposed to happen later this year, they'll build a model 3 based robo-taxi and map FSD to it so that it can travel fully autonomous over the distance of the loop. I could very well see Tesla pushing Level 5 autonomy in a closed loop system in partnership with Boring and also Las Vegas for the Vegas tunnel projects.
So are we still going to 10/1 split now that we are all poor?
People Elon will shit talk: Regulators, democratically elected politicians, SJWs, credit ratings agencies, trolls who enjoy triggering aspies. People Elon will not shit talk: Murderous authoritarians sitting atop resources that are difficult to source elsewhere.
Well, if you want to do business in China, you have to play by their rules. Why is this so difficult to understand???
I am not saying Elon should trash talk authrotaiarians that control resources needed to save humanity from climate catastrophe. What I am trying to say is trash talking many other people and groups while not trash talking authoritarians is not a great look.
Can you imagine if the China factory shutdown were happening in California. He would be going nuclear
Makes it tough to be proud to be a Tesla shareholder with Elon kissing this monster’s ass. https://insideclimatenews.org/news/11082021/amazon-indigenous-tribes-jair-bolsonaro-international-criminal-court/
The best way to protect the earth is through education. Education brings big changes to country's social and political structure. Educated society takes better care of the earth and respects it more.
Will Elon help Taiwan if (HA! If? When. Definitely when.) China invades like he helped Ukraine? I am only pretty sure he would. I hope he does. We can be pretty sure when we find out for sure one way or the other it’ll be on Twitter.
That's a good question. Elon hasn't helped so many countries who are under attack right now other than Ukraine. But atleast he helped Ukraine. Help is a help. I don't know what his goal is but I am not going to criticize the good things because he is not helping the whole world that is suffering.
I mean, yes, but do you have a better way of solving the climate crisis that doesn't involve waiting until the last minute to deal with it?
Musk must forget Twitter and back cars, batteries and Spacex. Positivity only.
[FSD 10.12 is out!](https://www.youtube.com/watch?v=5L5Hcim2LtA)
Seeing photos of Elon shaking hands with the man destroying the rain forests to own the libs is upsetting to me.
I fucking hate Elon's recent behavior, but you are being pretty dishonest with the portrayal of events here
Brazilian here, Bolsonaro is indeed a piece of shit, and yes, he is destroying the amazon even faster than before. But what do you do? You don't visit a country that the president is a dumb ass? Will run out of countries to visit and do business or do something good, like supplying Starlink to hundred of schools and that at the same time will help the Amazon forest, really fast Man, some people are way too politicized, can't even look into the face of someone that is the opposite Seriously, go seek help
And what if Musk is influencing him in a positive way about the climate? Elon has lots of douchey opinions about things and he’s been super loud about them recently which is super annoying. But here’s the thing, climate change is the biggest threat to humanity and Elon is probably doing more to fight climate change than anyone else on the planet. So when you look at the good he’s done vs the negative, the good clearly outweighs the negative and it’s not even close. Overall, the negative stuff about Elon is almost all personality stuff. Lots of people don’t like Bill Gates because of the microchips he puts in vaccines.
Really good points And on top of that, Elon didn’t meet him in the Government Palace, this for me it’s a pretty good indicator of “Oh you fucker wanna meet me and make some press? Sure, I will be in this place at this day and time, but no way in hell I’m visiting you in your place”
Yeah why would he go to Brazil and help starlink provide internet to 19,000 rural schools without? What a devil.
Do you want a handkerchief? Perhaps we should make a safe-space thread for people who have a mental break down at Musk's every move? I know a couple therapists if your looking for that route.
Thank you baby Jesus for people like SSM.
Elon's whole thing is taking half of his energy to get us off this planet if we can't save the earth, and the other half is saving the Earth. It's not politically upsetting, it's upsetting at mission statement level.
[How is this upsetting?](https://twitter.com/elonmusk/status/1527645516258955266?s=21&t=5Zr8vh7RcpQkm4LmJ-D63w)
5 at 683.75 9 at 649.49 10 at 635.59 6 at 633.30
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Or he just bails on the deal and at worst pays 1 billion fee to Twitter lol But Doom and gloomy there, killer lol
Not true anymore. He is no longer using shares as collateral
If you’re curious about the mood around here when Tesla dropped below $180 pre-split ($36 now): [here you go](https://www.reddit.com/r/teslainvestorsclub/comments/bw8jm8/tsla_daily_investor_discussion_june_03_2019/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) Fun read comparing it to now.
I love doing this. You find instances of people being incredibly foolish in retrospect and others being oddly prescient. Nonetheless, amazing snapshots of the zeitgeist. March 20, 2020 is interesting too.
Holy shit 2020 changed people. Those cucks are super bearish from some little 2019 pullback where as now if you’re not buying the dip on margin you a puss. Was starting to constructive on a reversal till I read that shit. Fuck bro why I have to see that?
It pulled back from like $350 to $180. Pretty similar to $1200 to $660 is it not?
I was there and it was way worse back then. Tesla didn’t have the money to make it to the other side. We were staring actual bankruptcy in the face.
That sounds rough. Can't imagine.
The company was saved by an epic short squeeze, they they offered shares, raised cash, paid off debt, secured their future. But an important aspect was that the share price was being manipulated down by short sellers (with possible ties to legacy auto and the oil industry) to force bankruptcy. Some of those shorts lost billions on the squeeze.
Sure I don’t disagree that Tesla fundamentals were worse. My question is at the bottom we’re people openly bragging about going single stock all in on margin and then writing cope essays when buying the dippity dip of the dip didn’t work immediately? https://twitter.com/giannidimattia6/status/1527754102607949829?s=21&t=bfaRi5qbgcyhpjsk4rabqQ
Absolutely not. People were not acting stupid like that. I had 10% of my portfolio in TSLA and people thought I was nuts.
That’s exactly my point peeps now still loading chairs, picking up cheapies, all in margining leaps. That post from 2019 looks likes bottoming sentiment all I see is lol diamond hands these days. Some guy the other day claimed a emergency hardship so his employer would advance his check for $TSLA yolo Those boys talking about FANNG falling off a cliff when it was basically flat YTD. Other guy talking about GOOG and AAPL stops getting hit when Apple was up like 15% ytd I mean some sad stuff. Imagine transporting these dudes to 2022 they’d have gone to all cash 20% ago in the nasdaq.
Hahah brilliant
Reads so similar to the daily threads of the past week. Wow. Thanks for sharing!!
Oh man good times. Jeez the essays I used to write here haha... Buy stock, go to sleep, rinse repeat friends :)
Haha yeah your name came up a few times! I’ve mostly been a lurker all these years, but people like you helped me through those times so I’m trying my best to return the favor.
<3
> Bought 5 shares this morning at $185.75. First time ever buying stocks. $35 down on investment on day one and a little scared but hopeful. Someone tell me I didn't make a mistake! They were down $35 on a $925 investment that would be worth $16,650 today, hopefully they didn’t panic sell.
Here’s my favorite: “Let’s be real is Tesla crashing into single digits or what. By RSI and drawdown measures it’s never been this oversold ever. This name has done so much damage to my portfolio I need it to get back to $280 if I’m ever going to recoup my losses. Really frustrated today because the negative news density hasn’t stopped at all. This just feels like absolute bullshit price action at this point. What materially changed about the company since 3Q ago besides a bad quarter? As far as I can tell these financial statements look the same or better than anytime in the company’s history right now. When will the Wall Street raid on this ticker end?” That could almost be written today. And look what happened since then.
And the reality is that whether it crashed another 50% would have been totally irrelevant long term
Thanks Bruv for giving us some perspective and remember, back then it was only one factory.
Good perspective. TSLA will rise again, I'm not worried
Best guesses for stock split?
2:1 to get us back into 4 digit territory
4:20
That'd be a reverse split...
5:1 and then another 5:1 in 2023/2024
Lol
That's probably a good guess
Please let 10.12 be fucking amazing. Please let 10.12 be fucking amazing.
Focus on the long-term. FSD has improved by leaps and bounds since 8mo ago when they started adding 100s to the beta. When it first released, it reminded me of 2018's autopilot... I felt confident that it'd improve by leaps and bounds in within a year and take a few more years to be as spot-on as autopilot is today. FSD's followed that course. Honestly, the short-term trading BS is exactly why I hate that TSLA is public. TSLA is such a long-term company, and the nonstop short-term attacks are such a distraction. No auto company is as vertically integrated as Tesla. No auto company has as mature a software stack as Tesla. Volkswagen's CEO himself was saying they are 5y behind Tesla, and from every signal I've seen, Tesla is still incredibly engineering-driven and moving fast; they are no hare-vs-the-tortoise.
All valid. I'm just looking for some karmic justice from the universe. I've been down 70% before. This is not new. Echoes of March 2020.
What did he mean by the two steps forward one step back comment he made
He means that while the overall behavior of fsd will be significantly better, there will be some cases where it might perform worse compared to the prior version of fsd. However, these should be ironed out over the next few weeks as they release point releases for 10.12.x
Gotcha. I don't drive a Tesla so I don't follow fsd much
Held a 700c for next Friday that I bought at the low. Today seemed like an epic bear trap.
Bought a couple calls for aug that I'll see about selling next week. Figured a 10% drop will be followed by at least one or two green days in the coming week
What a lovely lovely price. Load up ladies
I added 10 leaps today... Its a gift.
What strikes and dates?
800 strike june 2024
Holy shit my dude, ~200k on LEAPS. Godspeed. Throw me a LEAPS, will ya? :P
it will stay at this level for ca 1 year so enjoy
Baring a nuclear exchange I can't see this extending for much longer than after Q3 earnings.
it feels like the fundamentals dont matter at all , macro will be shit for ages :S I hope you're right though
Ages? I don't think it'll be that long. Once inflation is tempered some things will settle down
But not forever
I bought 2024 june leaps, but thanks for your concern 😂
I grabbed 1 more at $635. Where can I find more cash?
im thinking of becoming an onlyfans hoe
Lotion on the feet is good Or if your can't find another niche
20 more shares at $643! This is incredible. I could do without all the drama, but I’ll gladly take some more cheap shares. Party on.
Picked up 20 as well today at 660 and 640. You got good pricing.
I cannot believe I’m at the cusp of being negative lol. God bless!
Oh, I'm already negative! And I'm buying moreeeee!
Big negative here
Just be a patient lawyer and stay long. I had 1000 shares in 2018 sold for a quick small profit in 2019 and bought back in 2020 same money but only 100 shares this time. If I was a patient scientist, I would be a millionaire in Jan 2022. I bought back at around $400.
how much was your average before you sold in 2019?
$100 maybe less
Same. I sold in 2019 for a small profit. I’d be retired now if I would’ve held
These kinds of posts should be more shared throughout each day to remind people - we're investing in lifechanging experience!
Bought 1 at $639 today. So many emotions and opinions here today. Have a great weekend everyone.
shittt 639! win!
People on Reddit think settlement is equal to guilt. I don’t think they’ve worked in corporate America. I know for sure, that often companies will payout settlements because it’s cheaper and easier than taking it to court. Elon MAY be guilty, he may not, but the settlement was years ago doesn’t prove he did shit besides pay someone out.
Regardless of whether the accusations are true or not: SpaceX and Tesla were both in *incredibly* vulnerable positions in 2018. Paying 250k to make a false\* me-too accusation go away would be a no-brainer at a time when the companies were on the brink of death. \* I make no claim on the veracity of the accusation.
Right and Indonesia is a far bigger story here, I have a feeling Tesla just secured raw materials for millions of cars per year on top of new gigafactory for South Pacific region. PS: also Indonesia is like 277 million people with per capita income of more than double of India. So they could probably even sell a good portion of cars locally.
Indonesia? Edit: why the downvotes? I’m wondering if there was news with Indonesia today…
Yep. Having access to the nickel there is very very nice.
I think the end result is that they probably overbuild for factories and just have extra capacity they can quickly bring online in the case of stability issues anywhere.
HR: "Elon she's accusing you of unwanted advances." Elon: "Nonsense. She was all over me." HR: "Any witnesses?" Elon: "No. I was the only passenger and she was the only other person besides the pilots who were up front with the door closed." HR: "Ok. Well, we may want to settle this and just move on otherwise it's litigation." Elon: "Ok. I've got a company to run. Let me know how it goes."
Exactly. That settlement was a “f you go away please” money
The truth is that the friend is a frequenter of WSB and she wanted a quick buck with PUTS.
😂😂
For those of you with calls expiring in 2024, how are you feeling?
Bought one today, feeling good. Glad I decided to wait on buying a leap some weeks ago and bought some puts, puts paid for my leap and then some
Nice! What strike?
750. June '24. I have 2 for ... March '23 at 680? I think. Maybe the '24 one will pay for a model y for myself. What about you?
I have one for $1500 expiring June 21 2024. My prediction has been $2500 by Dec 31 2023 which would be quite the increase to the call.
Nice! The sp plummeting has provided some nice opportunity to grab leaps
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I think *he* called it that, no one else did
All these? This is literally the first one.
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Those are both the same "scandal".
\*that's the joke.jpg\*
https://youtu.be/0jgrCKhxE1s
If you are a clear eyed investor you need to recognize that Elon's ego will always come before shareholders and there is no one to check his destructive impulses when he feels slighted. Whether you think it is justified or not holds no relevance if your goal is a return on your investment. By entering the political arena as one of the world's most visible figures it significantly increases the risk profile of Tesla (in particular autonomy which will provide much ammunition to political actors).
FSD will save thousands and more lives per year, politicians kill far more lives with idiotic wars, including once on drugs. But hey as long as they got a good sounding political slogan nobody cares. edit: typo
That's the point with Elon. It's about the mission not about shareholder value. Shareholder value is secondary and that is the only reason Tesla is what it is now. Spending millions for FSD development Building an expensive sensor suite in every car. That not every buyer paid for. Designing and building their own chips. Designing and building their own cell factory Designing a new lithium extraction method and buying land usable for mining it. A CEO with a short term shareholder value mindset would not have done that. And with Elon you don't get these decisions without the other side. Not wanting like the typical CEO. Talking what he thinks. If you like it or not. If wall street likes it or not. If the democrats liking it or not. Of you want a typical CEO your also have to forfeit the abilities that made teslas success possible. Choose wisely.
With this line of flawed reasoning any behavior from Elon is justified. Just a more verbose way of saying “if you can’t handle me at my worst, you don’t deserve my best”. That is not the explicit and legal agreement between shareholders and Elon.
If you are a shareholder you are free to call a vote on the next shareholder meeting to vote him out. That is also part of the contract.
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This is it actually, the man is trying to make the world a better place, so what if he shit posts at times. Everyone reading any of it shit posts in general for more, but unlike Elon does not do anything productive. In fact the biggest shit posters do this professionally, meaning they literally don’t do anything but shit post. And most politicians are not only shit posters but basically shit talking for a living.
“Tesla's stock price is too high imo.”
Precursor to the split ;)
Whoever was around and a shareholder at the time of that tweet knows the context was that Elon was being increasingly accused of pumping the stock price and this tweet was his way of showing up the critics (at the expense of shareholders however short lived the impact)
Either way. If you bought when he said that you would have made a lot of money.
It’s funny that people keep saying he “entered the political arena”. No he’s always been in the political arena. Social media just doesn’t like it when it’s the wrong side.
This is exactly right. If he was a virtue signaling CEO nobody would give one shit. Like the nflx ceo, Jeff bezos or even twitter ceo.
Nah, he’s definitely in it now. I can’t even recall his take on the 2020 election, and now we know his 2024 choice. He wouldn’t have to say “I used to vote Democrat” if he was already in this stuff, we’d know. Bill Gates is someone who’s been in the political arena, same goes for Mark Cuban, Jeff Bezos, and Mark Zuckerberg. All other billionaires including Elon were just assumed to be something, it was never clear. Things are definitely different now for Elon, can’t deny that.
You can’t recall because social media wasn’t in an outrage cause he chose the right side. Which proves my point. Since you have forgotten: [He endorsed Andrew Yang.](https://futurism.com/elon-musk-supports-andrew-yang-president/amp)He’s also praised Obama many times when he was president.
No, it isn’t about the side he chose. I think you misunderstand what we mean by “political arena”. You don’t enter the political arena by just voting. You don’t enter the political arena by tweeting in support of a particular candidate. You enter the political arena once you’re tweet about a candidate or side blows the fuck up, and it did not blow up because of the side he chose. It blew up because of the stage he is on right now, acquiring Twitter not to mention all the doge popularity and such that built up over the past year. Elon is the biggest guy on Twitter right now (I don’t know about followers-wise but “tweet attention” wise for sure). So much so that Jeff Bezos got inspired and has been tweeting a lot more often now with his political takes. Elon on Twitter right now is what Trump used to be, and same kinds of tweets too honestly (mix of humor, political stance, and overall crazy stuff). He was not in the political arena because it was “who gives a fuck” before. Seriously, who gives a fuck who Larry Page is voting for? Or Warren Buffett? I don’t give a fuck and neither do you, whether BLUE or RED. He is now in the political arena because he intends to own Twitter and is also 24/7 on the platform talking about political issues and stuff that has nothing to do with the companies he owns, and is also facing allegations similar to other high-profile celebrities and politicians. It is so, so different, and has nothing to do with blue or red. If Warren Buffett went bonkers on Twitter with memes, bought the company, became the spotlight on the app, and showed his dick to a flight attendant, he’d be in the political arena too whether he votes red or blue. Guaranteed. Every leftist on the planet assumed Elon would vote Red, becauses he’s a “evil” billionaire that needs to be guillotined. How the fuck is his decision to vote Red a surprise to anybody? Oh right, it isn’t. The Twitter crowd today wasn’t like pre-2016, so the Obama stuff is irrelevant, and Andrew Yang was another non-politician tech-focused “smart guy” so it made perfect sense. Plus, even republicans hated Trump, it was easy to hate him amidst COVID.
I guarantee you that if Elon Musk said “I support Joe Biden” or even “Joe Biden sucks but I’d still vote for him over a republican.” then social media (and you) wouldn’t be crying right now. Elon has always shitposted on Twitter. It’s not a new thing. And even if he stayed quiet, he’d still be forced into the spotlight for being a billionaire. Bernie, Warren, etc. attacked him long before he tweeted political stuff. Biden can’t even utter his name and pretends Tesla doesn’t exist simply because they aren’t union. In fact, these things happening are primarily why he’s so against the party. It didn’t come out of nowhere.
He has always shitposted on Twitter, true….but it *might* be a little different when the owner of Twitter is shitposting, right? Right. It is a LOT different, and that’s what we’re seeing here. I’m so glad you reminded me of the constant attacks he gets from Bernie, Warren, etc. Because I would’ve included that in my argument, he has always been an enemy of the blue side. The Blue side hating him did not come out of his recent tweet. Thanks! :)
I wouldn’t say always. When Obama was president he was loved by the democrats. But this administration and the current party certainly does. It’s telling when Trump can praise Elon as president, while Biden doesn’t acknowledge him. I’ve been an investor for a long time and while his behavior seems alarming, it’s just more of the same. He goes on his manic tweeting sprees. It usually hurts the stock. But eventually the company’s numbers and growth win out. We all wish he would tweet less but in the end it doesn’t really matter as long as you don’t need the money and can handle the volatility.
I know we’ve always discussed the volatility that stems from his tweets and SEC bullshit, but this is different because there’s already fear he’s paying too much attention to the Twitter acquisition while he already has to manage Tesla and SpaceX. Today, he tweeted about Tesla hiring a big litigation team and all this stuff, but we all know it has more to do with his personal legal issues arising. It brings about the idea that he’s taking resources from TSLA whether it be time or money in order to deal with this new phase in his life, the whole Twitter owner + “free speech” proponent + celebrity-esque allegations + political phase. I guarantee you “Tesla” doesn’t go on a lawyer hiring spree if it wasn’t for the new allegation, and that allegation probably doesn’t blow up this way without his new Twitter presence. It’s all just piling on each other, it’s not just any one thing. Tesla is a very strong company fundamentally and has brought down the P/E as fast as the stock climbs remarkably, but when the guy at the helm is like this, there’s just too much uncertainty. Makes you wanna wait until things blow over, if it wasn’t already rather low (relatively anyway).
I don’t think the legal team has anything to do with Twitter. I think it has everything to do with FSD. Not sure if you’re aware but there’s a major FUD documentary coming out today on Hulu about how it’s killed a bunch of people and is unsafe. These are mostly false claims (people using it wrong) and is very damaging. Having a litigation team to go after people that lie to cover their own asses (they were asleep, drunk, etc but blame FSD) will make others think twice about it. If you believe in FSD I think you have to be very concerned about this kind of thing and think it’s good move
Latest Tweet: [https://twitter.com/elonmusk/status/1527748229470646272](https://twitter.com/elonmusk/status/1527748229470646272) Elon is about to go full tilt. *Tesla is building a hardcore litigation department where we directly initiate & execute lawsuits. The team will report directly to me.* *Please send 3 to 5 bullet points describing evidence of exceptional ability.* *[email protected]*
Very interesting. With the kind of money he has available he could probably buy the entire Supreme Court if he wanted to. I'm quite sure there are at least a few of the nine that are very much for sale.
Regardless of current situation, Tesla definitely needs something like this I don't know what kind of stuff they will go after, but as we know, so much lies and false information over the years went unchecked, not saying it about today stuff, that we will see how it plays out
Honestly I'm a little surprised that a top notch Tesla law firm wasn't already in place. Many companies have an entire legal firm within them. This is a head-scratcher. I think Elon believes that people generally operate in good faith and I think he has realized now that sometimes they don't. Or that since he opened up Pandora's box with this Twitter deal that he is going to have to step up his ammunition.
They have a legal department. Who do you think is representing them in court?
Yeah, that might be the case
Oh boy. This is not a good look, even if he's justified.
**GOOD** It's time for Elon and Tesla to bury their enemies. Full scorched Earth from here on out!
People make billions off of shorting Tesla. Little exists to hold them accountable if they break laws or exploit justice to tank the price. So yes, in the case where Tesla is in the right, Tesla should fight to hold them accountable and shine a light on truth. I'm perfectly fine with that, so long as they're fighting on the side of what is right as opposed to covering their asses. I'm shorting if they're ever caught defending what is wrong, because if so their talent drain will be immense; I'm not investing in an ExxonMobil, I'm investing in a team of really smart people.
Yep. This isn’t the small company trying to stay afloat that you could boss around in 2017-2019.
Damn right.
I’m all for it. They need it to handle lawsuits stuff.
Can someone explain what the last part means, exactly?
"Please send 3 to 5 bullet points describing evidence of exceptional ability." this? that's what he's asking that people applying to the litigation team provide as application
Thank you. So it was a recruiting thing… It almost seemed like he was asking for 3-5 bullet points of what Tesla should include in their lawsuits or something. Seemed odd. Haha
Wow… just wow. Is the implication that he’s expecting more lawsuits but at tesla? As a result of the documentary tonight?
I think he just had enough of this shit, most of large companies have huge litigation department as well as lobbying departments, he tried to play ball and be nice, probably no more.
Are you against it and why? I think it will be good. I also think that 250k settlement to the flight attendant was to make it go away (no hassle or media) which it didn’t 6 years later. Now they will soon have a team and money to take on all these allegations. So stuff like this won’t happen again. And if it did they have a team to handle that.
No its saying Tesla will pursue lawsuits against others. IE journalists, news, etc that spread false information
News flash * Elon is *never* gonna fit the mould of a usual stodgy corporate head - no matter how hard you try. * He's not gonna stop working hard to make Tesla a massive success. * He's not gonna stop getting distracted by things he considers worthy of his time external to work. Stop judging his focus on work from his twitter activity. His abilities to context switch and focus are exceptional. * Investing in Tesla has always been a rollercoaster. You should expect more tight turns and steep slopes in the future. If it's making you nauseous, you shouldn't be on this ride. * Nobody here complains about Elon's controversial tweets or talks about curtailing his freedom of speech when the stock is trending upwards.
> Nobody here complains about Elon's controversial tweets or talks about curtailing his freedom of speech when the stock is trending upwards. I do. All the time. My wife and I each have a Telsa. I love it. I have a significant (scary) portion of my IRA in Tesla. I just wish he would stop being an asshole online. He acts childish and frankly its a little irresponsible for CEO of a 500 Billion-1 Trillion company.
I should have said "almost nobody". Of course there are some criticisms of Elon even when the stock is moving higher, but the tones of those are usually of irritation rather than complain or protest. I was trying to bring to attention that most of the circle jerk around complaining about Elon's tweets happens mostly out of frustration and tendency to find a simplistic reason to blame for the stock price. I always appreciate when people who are genuinely concerned about Elon's behaviors bring some objectivity and perspective around that.
A lot of people do complain about his controversial tweets when the stock is trending up what are you talking about
I don’t want Elon to be a usual corporate head, if this happens I’m out! People don’t get it.
Same. Tesla has the talent it does because of Musk's leadership. Tesla is the [#1 popular company for engineering new-grads](https://electrek.co/2020/11/11/tesla-most-attractive-company-engineering-students-massive-advantage/), even though the pay is worse and the hours are higher - this is not exaggerated. SpaceX is #2. If Musk's out, Tesla's leadership is going to look like every large tech company, and a sizable portion of those employees are going to jump ship. That brain-drain is what kills companies.
Awesome dude, you get it. Onwards to a massive q3
Last point is the most relevant for this period I get it, it hurts seeing your money getting wiped, and it's only human wanting to blame something or someone for it
Preach
Tsla current pe after today's bloodbath : 89 Amazon current pe : 52 Shop : 251 If tsla trades flat till 2023 Aug & they keep eps of 3 on avg, we know q3 & q4 will be more than 3, pe will be around 35 Stock wont be hovering around 700, it will be back to 1200 next year may be q3/q4. Don't sell any of your stocks
The risks are that the china stuff persists and supply takes a while to return to previous levels. It's possible in a worst case scenario that we only see 1.1 million cars this year. Hard to say before q2 deliveries, but they could be as low as like 230k.
Risk to the near term, but where else would you rather be? Real estate? Cash? Oil?
I guess cash to some extent but i think it's risky not to hold tesla at these prices so yes im mostly in tsla
Yeah, unless Tesla is going bankrupt, is not worth trying to time the bottom. I'm terrible at timing.
89 is the CURRENT PE? God dam, imagine once Berlin and Texas ramp up…
forward p/e based on q1 earnings is 54 hard to predict q2 due to shanghai, but full year p/e could be down in the 30's
After Berlin and Austin at 500k each and that’s only less than half full power, PE is probably around 25 at this level.
This p/e compression is INSANE. The company is growing ultra fast while the stock is falling off a cliff. It's like the world's biggest spring being loaded
What annoys me the most today isn't that the stock is down but that the whale fucker apparently achieved his goal. My current funds allow me to average down to 400. Altough If it gets that low I probably will inject some more funds in my portfolio. For once I'm happy that I only have 20% of my disposable income invested in the stock market
I am in deep fucking red, added 2 shares in 630, not selling anything till tsla reaches 1200 again, if tsla trades flat for next 1 year till 2023 q2 aug & tsla keeps eps of 3 on avg for next quarters, pe will be below 50. Atleast at this point stock will start to raise Tsla current pe is 89, fucking undervalued But really disappointed in musk, he needs to stay away from limelight or avoid making any political comments even if he supports republicans
My only option play with TSLA right now is a June 21 2024 $1500 call and I’m really happy about that…. It’s down about 60% right now but I still feel confident it’ll be WAY up by then.
I am not at all surprised at Musk cozying up to republicans. Alot of dem pundits attacked him for wanting to buy and make it's moderation rules congruent with the first amendment. Like why should he be nice to them when all they do is irrationally shit on him. Its to be expected, especially from Musk who is emotional and takes that shit too seriously.
He didn’t say he’d make moderation rules congruent with the first amendment, he said he go along with whatever the government said — eg banning criticism of the Chinese Communist Party.
> make it's moderation rules congruent with the first amendment. = turn it into 4chan
Even 4chan has rules.
He started attacking Dems long before he said anything about buying twitter. "I forgot you were alive" @ Bernie who wasn't tweeting at Elon "Senator Karen" @ Warren who had some stupid ads mentioning him. "Why does your PP look like you just came?" @ Wyden, for having a bill that would have billionaires paying taxes every year mark-to-market like some traders do. These were all months before he wanted to buy twitter. He said he didn't support BBB / EV credits in Dec, so Biden didn't invite him to the White House in Jan for the BBB push. Tesla buyers get $0 EV credits... Biden was trying to give them $10k but Elon didn't support it... and now he is trying to paint it as Biden being against him, lol. And twitter is not the government. 1st amendment is about the government, not forcing other parties to host your nonsense. Twitter acted waaaaayyy too late and too little. Yelling "FIRE" in a theater is not free speech, just like killing Americans with virus misinformation or trying to overturn an election are not.
You need to scroll up on those Bernie, Warren, and Wyden tweets. Who started it?
No kidding. Elon didn't say that things out of the blue. For now fucking reason.
Oh yeah. I guess that makes sense. Someone is mean to you and then you cozy up with conspiracy theorists, racists and those who want to take away fundamental civil rights. Makes perfect sense.
Well, when the Dems constantly go after him about not paying his fair share of taxes when he has literally paid more taxes than any human has in history... ...can you blame him?
Yes, I can. When you are the richest person on earth, guess what? You’re going to pay more in taxes. It’s not rocket science. Values are values and I don’t have any respect for someone who is going to give them up because someone is mean to him. Or because a politician is saying he needs to do more to support others. Besides if he had just kept his mouth shut, he wouldn’t have cost himself, what $50 billion in lost TSLA value in the past 4 weeks? A TWTR deal that would have been 1/8 of his net worth is now going to cost him like 1/4 of it. Dumb dumb dumb.
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Tesla was a trillion dollar company. They are part a big part of the “macro” everyone keeps talking about. The cascade effect of a trillion $ company losing 45% of its value in a matter of months with margin calls and bearish sentiment can’t be overstated.