Tesla stock price

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R P said:
And this does not bode well for 2nd qtr results. Could be more big price cuts coming...
https://insideevs.com/news/720018/thousands-unsold-tesla-evs-parking-lots/
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Good point, from 2024 Q1 financials: 2024 Q1 vs 2023 Q1

upload_2024-5-17_10-34-53.webp

17% = (16,033 - 13,626) / 13,626​

No need to read the rest of the document.
R P said:
Not sure I would want to be a holder of TSLA if his pay package is rejected. An unhappy CEO is not a good thing.
https://www.reuters.com/business/au...eholder-vote-musks-pay-package-ft-2024-05-17/
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Another good thing too! Stockholders voting against Trump's pay package. Then selling their stock before the vote is tabulated.

If you' all have TSLA stock to sell, sell it.

As for me, I'll be buying just before the vote is announced. I figure that will be a local minimum.

Bob Wilson
 
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I've set a calendar event from June 10-13 for the stockholder vote. I suspect there will be a local minimum and I'll have plenty of cash to buy another tranche. My expectation:
  • Trash talking TSLA stock with emphasis on the vote and Elon walking. There may be 'short sellers' who will bet the farm on an Elon alienating vote.
  • After the election, there will be a substantial, sustained increase in TSLA price.
Bob Wilson
 
Here is the Tesla press release: https://ir.tesla.com/press-release/tesla-releases-results-2024-annual-meeting-stockholders

AUSTIN, TX, June 13, 2024 – At today’s Annual Stockholders’ Meeting, Tesla stockholders overwhelmingly approved the ratification of the 2018 CEO Performance Award and the redomestication of the Company to Texas. Tesla has submitted all filings to effectuate its conversion into a Texas corporation and can confirm that the Company is now incorporated in Texas.
. . .​

Bob Wilson
 
Was a big fluff day for Tesla and Musk yesterday. So understandably the stock was up. Retail investors and bulls liked what they heard. But soon the reality of the fundamentals will settle in again, maybe after July 2 when deliveries are announced. Will there be further car price drops to bolster sales?
 
bwilson4web said:
I sure hope so. Tesla sales are a good thing.

Bob Wilson
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Yes, Tesla has a lot of fixed costs with all their production capacity incl the vertical integration components. If they are not running near capacity that cost structure would be a big hit on bottom line. Dropping prices will hurt their margins, but full volume can still be profitable if they stay above that break even point. Continued cost cutting and tweaking productivity will really help as well.

And if they keep up the volume with lower priced cars, that will hurt their competitors, too, and they may cut back further as well. They don't have to sell EVs at a loss, as most of their profit comes from ICE cars.

But regardless, the rest of 2024 will be tough year for TSLA. All depends on if they can deliver on some of their fluff promises, and that lower cost EV being developed.
 
Thanks, from the article:

Top BEV models (new registrations, change YOY) - April 2024:
  1. Tesla Model Y: 32,922 (down 4.7%)
  2. Tesla Model 3: 8,912 (down 55%)
  3. Ford Mustang Mach-E: 5,358 (up 287%)
  4. Toyota bZ4X: 4,666 (up 647%)
  5. Hyundai Ioniq 5: 4,078 (up 93%)
  6. Rivian R1S: 2,855 (up 127%)
  7. Ford F-150 Lightning: 2,509 (up 96%)
  8. Tesla Cybertruck: 2,178 (new up from 0%)
  9. Kia EV6: 2,178 (up 94%)
  10. Tesla Model X: 2,094 (up 11%)
Works for me. I knew Ford had finally improved their Mach-E but pleasantly surprised by seeing the Toyota bz4x. Opening the SuperCharger network to Ford and others means non-Tesla, EV sales should increase:

As soon as Q4 2024, new vehicles outside of Tesla will also start coming equipped with NACS charge ports. Vehicles that are NACS-equipped do not require an adapter.​

One past criticism of Tesla was the absence of diverse model lines. Given Tesla has 4 models in the top 10 EVs, this is still a nice place to be. FYI, the Model 3 has been re-engineered with significant improvements.

I'm aready in self-maintenance of my 2019 Model 3 . . . the best way to find out what should be better. Already done:
  • Replaced front underbody shields already and the second stripped out by road debris on most recent trip.
  • Replaced overhead links with a lighter, stronger, cast parts.
  • Added "rock protection film" for windshield and front quarter of roof glass.
  • Light weight, long lasting rims and tires.
  • 18" pizza pan, super-aero, wheel covers, painted tire, flat black.
  • Reflective solar cover.
  • 2" receiver hitch.
My other mods are planned waiting on parts, time, and budget.

Bob Wilson
 
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TSLA up big again today (although may not hold through the day), and this is after Musk endorses Trump. Repubs and Trump have been very much against EVs. But is he hoping that Trump may throw him a bone now that he is officially supporting him?

Last half of 2024 still does not look good for Tesla sales. And the robo taxi/FSD announcement delay to Oct doesn't help.
 
R P said:
TSLA up big again today (although may not hold through the day), and this is after Musk endorses Trump. Repubs and Trump have been very much against EVs. But is he hoping that Trump may throw him a bone now that he is officially supporting him?
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Politico 6/11/24: "New ties with Tesla CEO Elon Musk could explain why Donald Trump has softened his criticism of electric vehicles."
 
insightman said:
Politico 6/11/24: "New ties with Tesla CEO Elon Musk could explain why Donald Trump has softened his criticism of electric vehicles."
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Well, Trump does support America First, and Tesla is the most America First of the EV manufacturers with their integrated domestic supply chain. So this could be playing into it as well.
 
R P said:
Well, Trump does support America First, and Tesla is the most America First of the EV manufacturers with their integrated domestic supply chain. So this could be playing into it as well.
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The timing of the shift is suspect.
 
Bruce M. said:
As of today, Trump's website still lists "Cancel the electric vehicle mandate" as part of his platform (item no. 15)
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Forbes explains how, despite rejecting the EV mandate, Trump's plans could benefit Tesla:
  • Tesla could have a “clear competitive advantage” if the government incentives are no more, indicating Tesla can regain market share in the increasingly competitive EV space.
  • Trump’s insistence on instituting tariffs on Chinese imports “would continue to push away” Tesla’s Chinese competitors NIO and BYD.
 
insightman said:
Forbes explains how, despite rejecting the EV mandate, Trump's plans could benefit Tesla:
  • Tesla could have a “clear competitive advantage” if the government incentives are no more, indicating Tesla can regain market share in the increasingly competitive EV space.
  • Trump’s insistence on instituting tariffs on Chinese imports “would continue to push away” Tesla’s Chinese competitors NIO and BYD.
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Hmmm... several Tesla models qualify for the full tax credit whether you buy or lease, while many competitors -- including the increasingly strong-selling Kia and Hyundai EVs -- only get it if you lease. Not sure what competitive advantage Tesla gains by leveling the playing field with the Koreans. And Biden just slapped a 100% tariff on Chinese-made EVs, which has already delayed the arrival of the Volvo EX30. So the theory that Trump Administration II clearly benefits Tesla only makes sense if you assume Trump is corrupt enough to throw Elon additional favors in return for his just-announced massive superPAC contributions. Which, come to think of it, sounds corrupt enough for both of them, so it may well be what's going ion.
 
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