Tesla stock price

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Musk says M2 by 2025. That's what investors wanted to hear. Now he has to deliver, which has not been his strong suit. Will see what traders think about that in the morning.
https://www.cnbc.com/2024/04/23/tesla-tsla-earnings-q1-2024-.html
Pretty bad report though, with sales and revenues actually dropping, not just slower growth. Again, a sign of the faltering EV transition. I expect other manufacturers to also report slowing BEV sales. Hybrids and ICE seem to be doing OK (eg GM's report).
 
As mentioned in the audio, as the other EV makers downsize or bow out, the cost of EV batteries will go down.

Bob Wilson
 
R P said:
Musk says M2 by 2025. That's what investors wanted to hear. Now he has to deliver, which has not been his strong suit. Will see what traders think about that in the morning.
https://www.cnbc.com/2024/04/23/tesla-tsla-earnings-q1-2024-.html
Pretty bad report though, with sales and revenues actually dropping, not just slower growth. Again, a sign of the faltering EV transition. I expect other manufacturers to also report slowing BEV sales. Hybrids and ICE seem to be doing OK (eg GM's report).
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As expected with the news of the accelerated development of a cheap EV, TSLA jumped up this morning. Now we have to see if the trader adage, sell on good news, will kick in. We do know that buy on bad news just prior worked.

At some point the stock will stabilize again (bouncing ball flattens out), and then will have to see which way the trend resumes. That will also depend on overall market trends as well if any more TSLA news comes out.
 
At snapshot, ~$194.00, it is higher than the last two trenches I bought. Did I mention I bought my 2019 Model 3 for AutoPilot and in Oct 2019, bought Full Self Drivings? <GRINS>

Bob Wilson
 
Being a good trading stock these days. Up and down, and up and down. Day traders love this.
 
Well, whatever is going on, Supercharger firings, etc., doesn't seem to be hurting the stock. At least not yet, as of early this morning.
 
"Edward Niedermeyer"
  • Announces ads for revenue
  • Snark introduction
  • Tesla accused of being 'fake'
  • Elon popularity cause
  • Tesla not a car company
  • People selling house to flee COVID
  • Teslas won't drive themselves
  • No new products
  • Semi not in mass production
  • Cybertrucks not being delivered
  • No Roadster
  • Refreshes to Modle A and Y are not working
  • Looks are all that matters
  • Tesla has run out of ideas
  • Making cars cheaper sustains profits
  • Cybertrucks problems over past few months
  • Model 3 came to market too fast, a bad thing
  • Not following traditional automaker practices
  • Cybertruck is flawed, half baked
  • Elon screwed the design and production since first Roadster
  • Cheaper Model 2 claimed canceled
  • Master plan versions
  • Well rich wealthy people bought to support cheaper versions
  • EV market share
  • Not investing in product
  • Selling for 'exclusive'
  • Continues to reduce price from production
  • Products are about the stock
  • Market share from 80% to 50%
  • Making affordable EVs is hard
  • Admiration for Chinese EVs (BYD)
  • China has left us in the dust
  • "S" curve dismissed
  • Policy required for EVs
  • Everyone is losing money
  • Admiration of China policies
  • Only Tesla and BYD making money
  • Tesla being complacent
  • Tesla needs to lead down market
  • How markets work
  • Must start with cheaper models, ground up
  • Mass layoffs, 20%
  • Executives named who left
  • Unique corporate culture
  • Racism and sexism
  • Only seen Tesla from the outside
  • Back to the Model 2
  • Kinda of a fraud
  • Robotaxi is too hard
  • Not addressing core
  • Superchargers don't make sense
  • Superchargers are doomed
  • Tesla is very transitionary
  • Tesla doesn't make revenue from AI
  • Two million unit company
  • Robotaxi and Optimus are impractical
  • Tesla the next Enron
  • NHTSA request for money
  • Autopilot can not be sold, it is standard
  • Stock price collapse
  • 10s of billions of cash, maybe
  • people are losing faith in Elon
  • hardcore fan base
  • no way to get Elon out
  • Elon is the problem
  • No exposure to the stock
I've heard this before. Since 2016 when I converted my 401 k to TSLA stock and it split 6x. My original $80/share is ~$160/share. As for the complaints about Tesla products, it doesn't match my experience:
  • March 26, 2019 - bought Tesla Model 3 Standard Range for $24,000 after trade-in
    • Paid extra for AutoPilot and Blue paint
    • Bought Full Self Driving Oct 2019, $6,000
  • 131,000 mi over 5 years
  • $2.50/100 miles around town not including 15% free miles
  • $3.00-3.50/100 miles on SuperChargers
    • Free overnight charging at the motels with free breakfasts
    • Added CCS-1 kit so I can use all fast DC chargers, including the CCS-1s if they are up
  • Latest Full Self Driving update last week
    • Drove 1,500 miles, round trip to Auburn Hills MI for Cybertruck event
  • Battery shows ~12%, expected degradation, 210 miles at 100% SOC
The Tesla is the best car I've owned is now my cross country car. I've added a used 2017 BMW i3-REx for local trips due to shorter wheel base and BMW tuning. So does having the BMW disqualify my 'fan boy' card?

I've got mine, two perfectly fine EVs that make my trips a joy. I charge at SuperChargers or any CCS-1. They are silent, cheap to operate, and fully meet my expectations. My stock has done well too. If folks don't like Elon, Tesla, Elon products, or the stock, well I'll go with my lying eyes.

Bob Wilson
 
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Sorry, Bob, but I couldn't help thinking about you when I saw this article comment re FSD users.

"That guy you see at the end of your driveway each day wearing the TESLA T-shirt is Darwin and he loves you."

Be safe...
 
Yea, just the normal give and take. I did the rapid notes to show I'd actually listened to the audio. If you' all think that audio is convincing, we will have to agree to disagree.

I shared my operational experience. If you find fault with it, please post it. However, there is one update, the detailed charges from my trip last weekend to the Munro Cybertruck event:

1715230120872-png.53750


You'll notice the -$7.69/100 mi is higher than the usual $3.00-3.50/100 mi on my regular trips. The difference is the motel L2 chargers, about 1/3 of the charging costs, were not free.

I might have found a free charging motel further away but then I'd have to deal with more 'Detroit traffic'. The motel I stayed at:
1715344997036-png.53772


GOOD, FAST, CHEAP: I chose GOOD and FAST.

Bob Wilson

ps. I have a single thread with my "May the 4th be with you" posts over in Tesla Owners. It has a lot of detail:

https://www.teslaownersonline.com/threads/may-the-4th-be-with-you.32522/?post_id=404235#post-404235
 
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I have no idea why one person's operational experience is relevant to a discussion of the company or its leadership. I have no doubt plenty of Tesla owners have had happy experiences. So did some owners of Edsels and Yugos. But Elon's behavior is increasingly erratic and I'll bet money he's going to tank the company. The Incel Camino --excuse me, Cybertruck -- is increasingly a national joke.
 
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Bruce M. said:
I have no idea why one person's operational experience is relevant to a discussion of the company or its leadership.
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Product sales are ultimately driven by the performance of the product. My detailed report includes all costs which for those of us on fixed income (i.e., retired) is the strongest sales argument. It is the operational cost that allows the product to be used. By happy accident, I used one VISA card for charging, living, and event fees.

Bruce M. said:
I have no doubt plenty of Tesla owners have had happy experiences. So did some owners of Edsels and Yugos.
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They are welcome to present their operational cost data. Actually, every competing product should provide their operational costs.

Bruce M. said:
But Elon's behavior is increasingly erratic and I'll bet money he's going to tank the company. The Incel Camino --excuse me, Cybertruck -- is increasingly a national joke.
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Laughing all the way to the bank:
  • 48V accessory power - reduced wire cost and higher power, remote accessories like rear steering.
  • large castings - reduced assembly labor, improved part accuracy, and scrap in-house reuse.
  • ethernet ring - automatic redundant path, high data rate, and COTS parts.
  • single wiper - reduced parts count and labor.
  • rugged battery pack - safety gap between bottom and cells to better handle road or trail debris. Increased water proof and better battery fire isolation.
  • Gorilla glass - reduces risk of rock or road hazards breaking glass.
  • HW 4.0 - faster, dual processor to handle vehicle control, sensors, and systems.
  • higher resolution cameras - only two forward and the rest handle wider light range and object resolution.
  • independent rear drives - software controlled, wider range of power per wheel. For example, one wheel forward and the other rearward which an ordinary differential can not do.
  • front and rear steering by wire - shorter turn radius and reduced steering wheel rotations.
  • rugged exterior - relatively impervious to mechanical damage (i.e., keying), no paint shop, owner handles wrapping to meet their taste.
  • standard external 120/240 VAC - enough to power a house or worksite.
  • mixed PM and induction motors - induction motors used only as needed for more power. PM motor handles the most efficient, longest range drive.
Retired, I have no requirement for a 6,800 lb, work truck. But I sure would like these features in a future, Model 3. Tesla has history pioneering new technologies that show up in their other product lines.

Bob Wilson
 
If you think most people buy cars and trucks based on a detailed, dollar by dollar evaluation of their operating costs, you have no idea how the car business --or sales in general -- works.
 
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