SW17LS

I think we are likely close to the bottom for Tesla. Buying it now is not a bad idea at all.

LeX2K

Why do you think this? From a financial perspective not "just because".
I have a good track record the last 5 years predicting the markets, this year nope. Don't know how low TSLA can go, you'd think it reached the bottom given the absurd sell off volume but how knows.
They will all have egg on their face when Twitter ends up being much better, makes money and does it with 25% of the workforce Twitter had previously.
I don't think legacy auto has anything to offer Tesla. Tesla is all about software and technology in general what other auto companies have this? Let's use Nissan as an example they are most likely to bankrupt IMO, what does Nissan have that Tesla wants?

All the ICE tooling and ICE specific supply chain in general has negative value.

SW17LS

Because Toyota is a massive company with lots of cash and a lot of diversified revenue streams, one recession is not going to hurt Toyota in the slightest.

I have no doubt that Musk can turn Twitter into a viable and better business. BUT, he is rapidly becoming a Right, Alt-Right icon and that will hurt Tesla's position as a car that is the darling of the progressive left. I can see a time coming very soon where in those circles driving a Tesla would not be positive socially, and I already know very left leaning people who say Musk will keep them from ever buying a Tesla. They will buy EVs, just not Teslas.

I guarantee you there are a lot of executives at Tesla that are very worried about this.

peteharvey

Tesla’s market share is going down year by year.

https://electrek.co/2022/11/29/tesla...t-shares-data/

SW17LS

Thats to be expected as more and more EVs come on the market. That in and of itself isn't troubling.

LeX2K

It appears you've done just about zero research into Toyota's financials
Not a great position to be in, a recession would make this far worse.
Like who? Since you guarantee, name one.

SW17LS

This article in the NY Times describes what I am talking about:

https://www.nytimes.com/2022/12/23/o...sla-brand.html

SW17LS

And you clearly don't know much about the economics of running a company. Its not at all unsual for a company to be unable to pay their long term debt with their cash on hand. Toyota is one of the strongest companies out there, and certainly one of the strongest automakers.

If Toyota fails, I'll buy you a Tesla.

Read the article I just posted. I can't name any executives myself, but if I have thought of this and the NY Times has thought of this, Tesla executives have too, Musk's public behavior of late has been bad for Tesla. There is no question about that.

I know you think Musk is a God that can do no wrong, but hes not and hes making an enemy out of Tesla's core customer, and the target customers early EV growth is going to come from. Not smart.

JDR76

I’ll likely get attacked for this, but about 9 months ago I seriously considered buying a Tesla, but today, I won’t even consider one. And that is all because of Musk and his antics.

LeX2K

From the same author

Elon Musk Has No Idea What He’s Doing at Twitter

This will look comical in hindsight, just like many posts in this thread. What's bizarre is some people never learn, they continue to be wrong but repeat the same talking points. And are wrong again.

I don't understand this.
Nothing to apologize for if you don't like the ethics of a certain CEO buy from another company.
But sales are increasing 40-50% every year. This is impossible their share is going down!

Margate330

Maybe just a little but I'll go easy on ya!
J/k that was totally a joke!, nothing but love for ya brother.. haha

Ok, just my opinion and opening my big mouth, again, lol
I think the Tesla has proved itself in may categories as a leader, worthy opponent, and affordabe to many.

What this means as I see it- it's a product that stands on it's own merit and will survive no problem at all regardless of anybodys political affiliations or preferences.
PS- that's as far as I go on that cuz politics is forbidden on this site as I understand it so leaving it alone.

LeX2K

Let's revisit this. Think I see a trend.


I called it.
Tesla is now a money printing machine.

Thanks for trying to read my mind and failing. I don't think this, Elon has made many mistakes the difference is he quickly corrects them. And it is those mistakes that enables him to take chances, nothing ventured nothing gained.

At this point there is a mountain of hard evidence Elon Musk knows exactly what he is doing. Tesla, SpaceX, Starlink. And soon Twitter will take off from a financial perspective. If you focus in only on the stock market and the shrieking media (when do they ever get anything right?) you are poorly informed at best.

Toys4RJill

Why do you keep quoting me?

LeX2K

Why did you quote me? Because that's how this forum works, you quote people for the sake of discussion and education.

SW17LS

Exactly. There are a lot of people like you, his antics are bad for business especially when the people his antics endear him to aren't consumers for his product and the people his antics estrange him from are.

Sorry, politics and business don't mix. What Musk is doing right now is bad for Tesla's business, bottom line.

Thats what people are doing and will do. Thats the point. Companies remove CEOs who damage their brand in this way for this reason.

You could have fooled us.

The bottom line is, a company's stock doesn't crater like this for no reason. Musk's antics are a big reason why it has.