Musk: Tesla must cut costs or stock will be ‘crushed like a souffle under a sledgeham
#61
Lexus Test Driver
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Its set to join S&P500 this month i believe so most ppl will be invested in it one way or another.
Many analysts are putting price target of $2,500 so plenty of runway left.
Many analysts are putting price target of $2,500 so plenty of runway left.
#62
Lexus Fanatic
Thread Starter
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
https://www.bloomberg.com/news/artic...-jpmorgan-says
https://m.benzinga.com/article/18707...Fwww.google.ca
Tesla Shares Are ‘Dramatically Overvalued,’ JPMorgan Says
https://m.benzinga.com/article/18707...Fwww.google.ca
“however you might want to dream about autonomous taxis, spaceflight, tunnels underground, whatever - they are a car company, and they are an unprofitable car company
Last edited by Toys4RJill; 12-09-20 at 04:41 PM.
#63
Lexus Fanatic
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Jim Chanos has been wrong about everything involved Tesla, it's remarkable a person could be so wrong. If he had done the exact opposite of what he has been recommending the man would have made millions.
Also Jim are you aware one of Elon's companies is actually putting people in space? What a buffoon.
Also Jim are you aware one of Elon's companies is actually putting people in space? What a buffoon.
#64
Lexus Test Driver
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Jim Chanos has been wrong about everything involved Tesla, it's remarkable a person could be so wrong. If he had done the exact opposite of what he has been recommending the man would have made millions.
Also Jim are you aware one of Elon's companies is actually putting people in space? What a buffoon.
Also Jim are you aware one of Elon's companies is actually putting people in space? What a buffoon.
![Big Grin](https://www.clublexus.com/forums/images/smilies/biggrin.gif)
#65
Pole Position
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
#66
Lexus Fanatic
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
^^^^^^ He actually brings up some good points. I have to agree with most of them. Tesla, in fact, has not had much real competition in its field of EVs, but, as John points out, that's about to change.
He didn't mention it in the video, but, as I also see it, it's something like roughly a century ago, when Ford's Model T more or less ruled the roost until Chevy, and, later, Plymouth, got their acts together. Then, Ford was forced to either develop the Model A or go out of business. Even then, Henry Ford, after almost 20 years of Model T production, was, in his mind, so wedded to the car and its outdated mechanicals, and resistant to change, that his wife Clara (whom he also deeply loved), threatened to leave him unless he finally allowed a new design. That did the trick.
He didn't mention it in the video, but, as I also see it, it's something like roughly a century ago, when Ford's Model T more or less ruled the roost until Chevy, and, later, Plymouth, got their acts together. Then, Ford was forced to either develop the Model A or go out of business. Even then, Henry Ford, after almost 20 years of Model T production, was, in his mind, so wedded to the car and its outdated mechanicals, and resistant to change, that his wife Clara (whom he also deeply loved), threatened to leave him unless he finally allowed a new design. That did the trick.
![Wink](https://www.clublexus.com/forums/images/smilies/wink.gif)
Last edited by mmarshall; 12-30-20 at 06:28 AM.
#67
Lexus Test Driver
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
So just because there is more competition, Tesla is doomed? Hahahaha...if I had a dollar every time someone said that, I could buy another Tesla.
They will continue to see growth for years to come as they expand their product lineup and the EV space grows. They still have the best EVs on the market in their respective price points and the only one with a viable charging network. Anyone predicting their doom should be laughed at.
They will continue to see growth for years to come as they expand their product lineup and the EV space grows. They still have the best EVs on the market in their respective price points and the only one with a viable charging network. Anyone predicting their doom should be laughed at.
#68
Lexus Fanatic
#69
Lexus Fanatic
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Tesla will neither survive nor die because of emotion (or hating), but because of economic facts. Even with an enormously high stock price (and more shares being bought every day), the company is going to be able to withstand a lot more serious competition in the future than it has in the past. To a large extent, it has had a free ride in the past......but the party's almost over.
#70
Lexus Test Driver
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Originally Posted by mmarshall
Tesla will neither survive nor die because of emotion (or hating), but because of economic facts. Even with an enormously high stock price (and more shares being bought every day), the company is going to be able to withstand a lot more serious competition in the future than it has in the past. To a large extent, it has had a free ride in the past......but the party's almost over.
At this rate , I'm more confident in my Tesla shares than ever before.
#71
Pole Position
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Tesla will neither survive nor die because of emotion (or hating), but because of economic facts. Even with an enormously high stock price (and more shares being bought every day), the company is going to be able to withstand a lot more serious competition in the future than it has in the past. To a large extent, it has had a free ride in the past......but the party's almost over.
Tesla is nowhere near done.
And if we all had a dollar for every Tesla doomsday opinion out there.... well, we’d all have a lot less than if we’d just bought a few Tesla shares and held them for a bit.
#72
Lexus Fanatic
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
You'll probably say this next year and the year after that. Wait till the Germans get in the game. Wait till the big 3 wake up. Wait till Toyota brings out their EV. The E Tron is a disaster. The ID4 doesn't dare compete directly with the Model Y, the Mach E is a direct copy cat that is slower and has less range with no infrastructure. The Bolt is a dud. Toyota decides to make a compliance car in China only.
At this rate , I'm more confident in my Tesla shares than ever before.
At this rate , I'm more confident in my Tesla shares than ever before.
#73
Lexus Fanatic
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Why would you bring up Lutz again? He was 100% wrong about Tesla and even admitted it recently.
#74
Lexus Fanatic
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
Up till now, Tesla has not really faced the conditions that Lutz once predicted. But potential competitors have not been sitting on their laurels.
A lot will depend on what happens both next year and when the pandemic is finally over.
Here's a good (and, IMO, fair-minded) article on the growth of Tesla stock and whether it is overvalued or not. I won't copy/post the whole article because Dave has asked us not to do so with longer links/web-sites.
https://www.bbc.com/news/business-55391571
Last edited by mmarshall; 12-29-20 at 06:43 PM.
#75
Lexus Fanatic
![Default](https://www.clublexus.com/forums/images/icons/icon1.gif)
We'll see if the proclamations of Tesla's demise come true this time. So far they batting 0.000. On top of that betting against Tesla is the dumbest financial decision I've ever seen.