Crime Commerce Secretary: Buy Tesla stock!

[ChosenOne]

Bruh, how can you still believe them after The Great Recession. So many examples of them recommending to buy something, then private emails revealed they thought it was junk.

Pretty sure you are talking to someone who believes all of Trump's lies and is probably buying up Trump Coins thinking they are gold.

 

[HOLA]

It was overvalued at 400 but 200-250? Seems about right. Don’t worry it’ll go up again in a couple months and they’ll never mention it again while pretending they never said it

In what Twilight Zone universe does it make sense for a company with falling revenue and profits to be trading at 115x earnings? Toyota is trading for 8x earnings.

Elon’s been running that shit for like 20 years now, and they never made a single dime in profits until recently, and only did then because of the welfare checks Uncle Sam gives Elon.

 

[HOLA]

Tesla is just a car company, no matter how much Elon wants it to be something else. Boston Dynamics (owned by Hyundai) is making robots that can fly around like Simone Biles and Elon’s giving us shit that walks like an 85 year old with social anxiety on ice.

 

[Garibaldi]

Idiocracy is a documentary now. The US is becoming a banana republic..m

 

[Libero cane v2]

You guys just make up laws anyway

You know who else said this though,

7 reasons one analyst says it's time to buy Tesla after its stock crash

Cantor analysts said their bullishness on Tesla crystallized after they visited the company's Gigafactory and AI data centers in Austin, Texas.

www.businessinsider.com

Bbbbbbbbbbbbut trump

So just to be clear, what are you saying here? It’s ok for the secretary of commerce to engage in blatant corruption because..an analyst also recommended buying Tesla shares?

 

[Libero cane v2]

But yeah, this is pure, unadulterated corruption. I’m sure all the MAGA-morons that chanted «Soros» constantly will condemn the actual act of a billionaire actively getting leading politicians to run ads for his company and shares.

 

[cincymma79]

So just to be clear, what are you saying here? It’s ok for the secretary of commerce to engage in blatant corruption because..an analyst also recommended buying Tesla shares?

You just made up a crime. Cool stuff.

 

[IanEdwards]

And I’m not sure if Michael Lewis realizes SBF was a scammer, even now lol. He seemed mesmerized by the fact that SBF could play video games and talk at the same time, like this was magic.

exactly, they see these neurodivergent DISRUPTORS and assume they are brilliant savants by definition

 

[IanEdwards]

Your really trying to compare Musk to Bankman-Fried and Homes? I get that the left hates him, but Tesla and SpaceX have delivered tangible results.

The only people calling Tesla overvalued are lefties on social platforms.

I am saying that in all of the cases of massive over-inflation of tech startups, I read about 5 or 6 of them, the massive over-buy-in with the 'charismatic CEO' was the common denominator

and when you have Tesla stock tanking, AS A RESULT OF THE ACTIONS OF THE 'CHARISMATIC CEO' who turns out to be a fucking flake who deliberately tries to turn half the world against himself, and when you have the Commerce Secretary gushing that 'I HAVE NEVER MET A BETTER PERSON TO BET ON THAN LEON', the same fucking thing is happening.

Leon was a very smart investor with a great eye for an infant market. He is not infallible. Tesla might still be a good investment, but Leon is clearly a fatally flawed human being who makes some very bad decisions. you can see this from what his actions alone have done to tesla stock in the last few weeks, and if Tesla is a good investment still, it is despite him, and not because of him.

you think Leon is infallible? you think he's a good guy to bet on? name the last time the actions of a single CEO tanked their own stock by tens of billions in a couple of weeks.

 

[PainIsLIfe]

^That is a really stupid thing to say.

Tesla has always been over valued but many justified it on a BELIEF that would hit massive future growth and dominate the EV market that would crush the ICE market.

And it is fine to make a stock bet based on a belief of future success but now that future success of Tesla is proven to be as close to impossible as one could peg it. Yes the EEV market may in fact dominant still one day, but Tesla is only set to be a niche small player in it. The original projections that the valuation was largely based upon had Tesla selling more cars than the Big 3 combined and thus why it was more valuable then all of the them combined plus through in Honda, Toyota and BWM and a few more.

Now Tesla is not likely to sell as many cars as BMW does as a niche market company.

The last info that I've read suggest 80% of revenue will come from robo-taxis in the future and project stock price to be 400-1300 by 2029.

Time will tell.

 

[PainIsLIfe]

When you say the P/E ratio is unbelievable you mean 'unbelievably bad' right?

My bad. P/E is incredibly high.

 

[PainIsLIfe]

Pretty sure you are talking to someone who believes all of Trump's lies and is probably buying up Trump Coins thinking they are gold.

Lol. I regret not buying bit coin at $160, but I ain't touching any crypto especially if Trump is involved.

 

[PainIsLIfe]

In what Twilight Zone universe does it make sense for a company with falling revenue and profits to be trading at 115x earnings? Toyota is trading for 8x earnings.

Elon’s been running that shit for like 20 years now, and they never made a single dime in profits until recently, and only did then because of the welfare checks Uncle Sam gives Elon.

Just curious if you know how long it took Amazon to blow up?

 

[HOLA]

Just curious if you know how long it took Amazon to blow up?

That’s a very unique situation. Amazon is a company that has spent more on research + development than Microsoft and Alphabet combined in recent years. More than anyone. Their operating cash flows have always been growing exponentially.

Amazon spent close to $90 billion on R&D last year. Tesla didn’t even spend $5.

 

[PainIsLIfe]

I am saying that in all of the cases of massive over-inflation of tech startups, I read about 5 or 6 of them, the massive over-buy-in with the 'charismatic CEO' was the common denominator

and when you have Tesla stock tanking, AS A RESULT OF THE ACTIONS OF THE 'CHARISMATIC CEO' who turns out to be a fucking flake who deliberately tries to turn half the world against himself, and when you have the Commerce Secretary gushing that 'I HAVE NEVER MET A BETTER PERSON TO BET ON THAN LEON', the same fucking thing is happening.

Leon was a very smart investor with a great eye for an infant market. He is not infallible. Tesla might still be a good investment, but Leon is clearly a fatally flawed human being who makes some very bad decisions. you can see this from what his actions alone have done to tesla stock in the last few weeks, and if Tesla is a good investment still, it is despite him, and not because of him.

you think Leon is infallible? you think he's a good guy to bet on? name the last time the actions of a single CEO tanked their own stock by tens of billions in a couple of weeks.

I don't think he's infallible, but I believe he's surrounded by very smart and dedicated people.

Not sure if I'd blame the bud light fiasco on the ceo, but you can bet he signed off on the capaign and his non-apology apology didn't help either. They were basically begging people to think of the employees and end the biycott.

 

[ChosenOne]

The last info that I've read suggest 80% of revenue will come from robo-taxis in the future and project stock price to be 400-1300 by 2029.

Time will tell.

Oh i think that was Musk claim in 2008 (seriously), so you might want to catch up as Musk has made about 8 more 'future' based domination claims that were basically 'yeah it is obvious we are not going to achieve our initial goal of dominating the EV segment as the EV segment dominates ICE... so now i need to tell you we will 'dominate robo-taxi's' ... 'wait Robots'.... 'wait AI'. And the beat goes on.

Elon knows, as Trump does that he needs to rely on dupes, at this point, where he will just keep pointing at some 'future' win while failing time and time and time again to deliver on the core business or any other promises.

 

[ChosenOne]

Just curious if you know how long it took Amazon to blow up?

What people often do not realize about Amazon is that it was actually very profitable, if you excluded expansion/growth costs long before they showed a true profit on the bottom line.

Some people do not understand but put it this way. You develop a coffee shop that is very profitable, but you start a second and the costs for that put you in the red. BUt that one is very profitable, so you start two more, and so on and so on.

You can run in the red while at the same time the model shows you are actually very profitable and as soon as you stop opening new stores your bottom line will soar.

That was Amazon and that IS NOT Tesla.

 

[PainIsLIfe]

What people often do not realize about Amazon is that it was actually very profitable, if you excluded expansion/growth costs long before they showed a true profit on the bottom line.

Some people do not understand but put it this way. You develop a coffee shop that is very profitable, but you start a second and the costs for that put you in the red. BUt that one is very profitable, so you start two more, and so on and so on.

You can run in the red while at the same time the model shows you are actually very profitable and as soon as you stop opening new stores your bottom line will soar.

That was Amazon and that IS NOT Tesla.

Amazon shut down distribution centers and laid off around 10% of its employees at one point. It wasn't simply growing and growing.

And your description of the richest; and one of the most successful businessmen ever, sounds a bit jaded by his politics.

 

[Loiosh]

Amazon shut down distribution centers and laid off around 10% of its employees at one point. It wasn't simply growing and growing.

And your description of the richest; and one of the most successful businessmen ever, sounds a bit jaded by his politics.

Have you been following all the promises he's made and failed to keep?

Are you aware of his "cameras only" autonomous driving and how far behind the competition he is?

 

[PainIsLIfe]

Have you been following all the promises he's made and failed to keep?

Are you aware of his "cameras only" autonomous driving and how far behind the competition he is?

Not the point. He's been very successful at everything he's done, but chosenone talks about like he's some fraudster like SBF or Trump.

I have no Tesla stock and hope it fails miserably since my job is tied to ice vehicles, but that being said I think Tesla will be successful.