The quarter after quarter results build market confidence in Tesla's future.
When you hear "EV", what do you think of? Investors are saying, "when people say that want an EV, they mean they want a Tesla."

 

tesla says the model Y could soon become the highest selling vehicle on earth.

tesla's quarter could have been even better if they were so supply and production constrained!

 

They’ve debunked most if not all of the major arguments. The cars are profitable, the demand is there (at least for Tesla EVs), quality is improving, and their capacity is only going to increase with Giga Austin & Berlin.

The only real argument left is that they’re overvalued, but that’s only if you view them as a car company first and not a tech company.

It’s going to be interesting to see what happens when the other EV first competitors in Lucid and Rivian start to produce real volumes, but that’s more of a concern for the traditional males than for Tesla. I can’t wait for my Rivian R1S

 

The cars selling for a loss is the single dumbest argument i've heard. A simple look at the cash flow statement said they were making money for every car they sold The bulls kept saying that its an Amazon model where heavy investment and focus on growth will yield results later...it was more important to scale fast and ignore profitability. Profitability was completely unimportant in this phase and the bulls were completely right. Now that they have scale with improved optimizations on their business, they are extremely profitable from a margin basis. At this point, I have no qualms about telling the bears "told you so" . Many of the bears on other sites have simply gone away also as not much criticism left on their business.

Its also interesting how uninteresting the earnings call was without Elon at the helm. Someone said it was like when Tim Cook took over Apple...just polished business answers but no flair. I also think Tesla will be a profitable energy supplier business. They actually have scaled large manufacturing and now have pre-fab supercharging stations where they just plop the entire station on the site. They've identified a key business advantage and decided to shift their strategy from a Tesla only selling point to a supplier for all EVs.

https://www.teslarati.com/tesla-pref...harger-images/

Its ridiculous to call them just a car company and the street realizes this. They are an EV technology company.

 

what does highest selling vehicle mean? You mean best selling? I think currently that is around 1m/yr, give or take 20%.

 

Yes. That's what he said. He thinks it will be the best selling model globally from any manufacturer. I guess that's what his business forecasters are predicting.

 

So I bought back in at $905 But I'll have a quick hook on those shares. Brought my average cost per share up a hundred so not the end of the world. Also used some of the gains on Portillo's which is killing it and will likely buy some Rivian when they go public.

In other news, there's a rumor that Hertz agreed to buy 100K cars from Tesla and the Model 3 was the top selling car in Europe last month. Combo of both of those is fueling a ridiculous rally this morning

 

Sure is tempting to sell a bunch right now. Must......resist....

 

I sold some before stock split 😭
Now im buying the dips and holding as its going to be growing for at least next few years.

 

Tesla is now a trillion dollar company (based on market cap )

 

Haha...they should just go buy Toyota or VW

 

for what benefit? they don't want dealers and they don't want ice cars.

 

Remember AOL and Time Warner

Overvalued stock purchasing stable assets is a great way to spend the equity

 

Wow TSLA. Thanks to Hertz!

 

yup, one of the worst mergers in history. about the only happy person was steve case.