Crime Commerce Secretary: Buy Tesla stock!

[IanEdwards]

. Even when there were strong indications that there was a House of Cards scenario, they refused to believe that their faith in this 'charismatic' kunt could possibly be misplaced, I mean Elizabeth Holmes wasn't just a good persuasive talker after all she was a fucking blonde ffs, she was like a California 6 or an Arkansas 7.5/10 to boot and you know her intentions were so noble and her charisma so shining how could she, she above all people possibly be running a MASSIVE FUCKING FRAUD....

so yeah it amuses me that in that finance world where they talk in as though 'the bottom line baby' is their fucking god and they're so Darwinian and rational, uber-pragmatists, artists of the fucking deal right, and with every single one of those Houses of Cards, they just got suckered by a pretty face or a smooth line of bullshit from an incredibly self-certain sociopath, often with some neurodiverse 'ohmigod i think he's like, one of those savants or something' seasoning to it... and they all shoved hugely inflated amounts of money into those Corporate Vehicles for the 'Charisma' of One Domineering 'Disruptor' (and I am heavily, heavily qualifying the words 'charisma' and 'disruptor', here) AND THEY LOST THE FUCKING LOT

case in point: "Whether today’s the bottom or not, I tell you what, Elon Musk is probably the best person to bet on I’ve ever met"

 

[ChosenOne]

Its almost as though lots of people bought hugely into his inflated promises and the inflated myth of his perceived genius*, and a significant fall in the stock price is merely a market correction that represents the market finally realising that.
...

Yes it is exactly like.

The Elon mythos that he had a brilliant mind for recognizing 'engineering opportunities' not being realized or brought to market, as well as him being a Steve Jobs type product/marketing expert has blown up spectacularly. While Elon can lay claim to the former, as his engineering eye, has been proven, he has shown himself to be terrible on the product/marketing side.

That is why in, his mind, making cosmetic changes (model refreshes) to his Tesla lineup would not be a priority. He does not value that and only sees real technology leaps as the thing to sell. And since his vehicles have failed to make the technology jumps he has been promising for decades, the models have become stale.

Chinese EV sellers saw that as an opportunity and basically are selling to prior Tesla owners the newer, refreshed Tesla models.

The Tesla stock is now a meme stock. Its inherent true value (what he would get if he had to liquidate) as one niche EV seller in a growing market is a fraction of the fraction of where it trades today. I think even the 'Brand' value, is no longer of such value that anyone would over pay based on that, as they know the brand no longer dominates EV sales.

 

[ChosenOne]

case in point: "Whether today’s the bottom or not, I tell you what, Elon Musk is probably the best person to bet on I’ve ever met"

For a lot of Tesla Investors it has become 'too big to fail' for them.

They have built so much wealth riding the Tesla bubble and hold so much stock, that if they went to sell and had to file they were dumping their positions they might cause a cascade down that would severely hurt their value.

Call it the 'Cathy Wood Trap'. If she and her funds filed they were getting out, then legions of people who hold because they see her groups holding, and still having faith, would race to try and beat her out.

We saw this over and over in Wall Street Bets and the Meme stocks they bought and held. Short sellers who could see these Meme stocks were severely over valued, as they took on huge short positions expecting the Wall Street Bets crowd to give up and bail on the near worthless stocks and since the 'thought leaders' in those stocks not only held firm but kept buying, the crowd followed and did too, often crushing the shorts. Even though the fact was the stocks were way over valued.

That is Tesla for a long time. A meme stock that crushes shorts as those who see it as 'too big to fail' just hold tight and keep buying more.

That seems to finally be coming to an end.

 

[IanEdwards]

yeah but charismatic genius disruptor, tho

 

[Crazy Source]

What I find funny is like a month ago Leon was high as fuck swinging around a chainsaw bragging about fucking over 9-11 firefighters whose bodies are riddled with cancer and today Leon is like why does everyone hate me and BBQ’ing my cars.
He is like some punk ass dude who talks mad shit, gets punched in the face for being an asshole and then whining to anyone within earshot, he can’t believe he got punched.
Why the fuck does everyone in MAGA act the same way. They talk mad shit and when someone don’t play that game, MAGA then plays the victim card.

Empathy for me but not for thee.

 

[Substance Abuse]

Lutnick is a huge sack of shit.

 

[PainIsLIfe]

That would be catching a falling knife, as they say.

Tesla has enjoyed a speculation bubble based on a belief that :

- first, EV would come to dominate the market and Tesla would dominate EV's. The former may happen but Tesla is set to be a niche player in that market.
- second they would have spin off technologies that would dominate in robotics and AI
- third they would lead in battery tech/storage

For over a decade now Investors have bought in to a myth that Elon would deliver not just in one of these areas but many of them and meaning while he is not even proving to be a competent auto manufacturer who understands you need to refresh your models or your competition will take your body designs and sell the newer version of your same cars.

So Tesla is set to be a niche auto manufacturer and nothing more which means its valuation needs to come down multiples more.

Well the guys that do evaluating for a living are all calling it a buy with huge 5 yr projected returns.

 

[Crazy Source]

Lutnick is a fucking ghoul. How on earth can anyone defend any of these people?

 

[PainIsLIfe]

Its almost as though lots of people bought hugely into his inflated promises and the inflated myth of his perceived genius*, and a significant fall in the stock price is merely a market correction that represents the market finally realising that.

* i was reading a lot of books, 3-4 years ago, on various Major Startups That Went Badly Awry, like that Elizabeth Holmes cunt, or that Sam Bankman-whatever his name was, the WeWork imbecile, that Crypto-Queen Who Disappeared To Bulgaria, Lex Friedman, I could go on, and in each case there was this 'charismatic disruptor' type character at the heart of it..

It was crazy how all these supposed Big Investors, Venture Capital kunts, Lords of The World types, you know, They Who Sit Astride the World Economy, they see further into the future, they're the smartest guys in the fucking room and every single time with the supposed 'CHARISMATIC DISRUPTOR!!!' these finance-capital kunts bought into them hook line and fucking sinker. Even when there were strong indications that there was a House of Cards scenario, they refused to believe that their faith in this 'charismatic' kunt could possibly be misplaced, I mean Elizabeth Holmes wasn't just a good persuasive talker after all she was a fucking blonde ffs, she was like a California 6 or an Arkansas 7.5/10 to boot and you know her intentions were so noble and her charisma so shining how could she, she above all people possibly be running a MASSIVE FUCKING FRAUD....

so yeah it amuses me that in that finance world where they talk in as though 'the bottom line baby' is their fucking god and they're so Darwinian and rational, uber-pragmatists, artists of the fucking deal right, and with every single one of those Houses of Cards, they just got suckered by a pretty face or a smooth line of bullshit from an incredibly self-certain sociopath, often with some neurodiverse 'ohmigod i think he's like, one of those savants or something' seasoning to it... and they all shoved hugely inflated amounts of money into those Corporate Vehicles for the 'Charisma' of One Domineering 'Disruptor' (and I am heavily, heavily qualifying the words 'charisma' and 'disruptor', here) AND THEY LOST THE FUCKING LOT

these are the people that 'trickle-down' tells us are the rising tide upon which all our boats will float.

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.

 

[Siver!]

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.

Not really.

The idea of Tesla being overvalued has long been discussed pragmatically.

You won't find many articles from knowledgeable sources that don't alude to it "defying gravity" or similar.

It's been valued for some time as way more than just an EV manufacturer when it reality that's all it is.

 

[PainIsLIfe]

Not really.

The idea of Tesla being overvalued has long been discussed pragmatically.

You won't find many articles from knowledgeable sources that don't alude to it "defying gravity" or similar.

It's been valued for some time as way more than just an EV manufacturer when it reality that's all it is.

Perhaps, but when 80% of analyst call it a buy or hold I'm listening to them. And like I said, the p/e ratio is unbelievable.

 

[Siver!]

Perhaps, but when 80% of analyst call it a buy or hold I'm listening to them. And like I said, the p/e ratio is unbelievable.

Yeah, it's a sentimental stock, it's not a normal stock. It's massively overinflated, but that doesn't mean there isn't any money to be made. There has been, and there might be again, but probably not right now.

 

[HOLA]

 

[HOLA]

Perhaps, but when 80% of analyst call it a buy or hold I'm listening to them. And like I said, the p/e ratio is unbelievable.

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.

 

[pinger]

It's funny because the executive team have been selling their shareholdings like crazy

https://www.news.com.au/technology/motoring/tesla-executives-offload-stock/news-story/ef49828eef59f839f6a7b9709311800f

 

[ChosenOne]

Well the guys that do evaluating for a living are all calling it a buy with huge 5 yr projected returns.

You need to define "the guys" as there are "other guys" who also evaluate for a living who see it plummeting with a disastrous loss over the next 5 yrs.

But as i said, this has become 'too big to fail' for many like Cathy Wood, who does evaluation for a living and is still saying tesla will increase on a forever 10x like scale forever and ever and her funds need that to happen as she is in on it so deep.

 

[HOLA]

What I find funny is like a month ago Leon was high as fuck swinging around a chainsaw bragging about fucking over 9-11 firefighters whose bodies are riddled with cancer and today Leon is like why does everyone hate me and BBQ’ing my cars.
He is like some punk ass dude who talks mad shit, gets punched in the face for being an asshole and then whining to anyone within earshot, he can’t believe he got punched.
Why the fuck does everyone in MAGA act the same way. They talk mad shit and when someone don’t play that game, MAGA then plays the victim card.

Crybullies.

Its almost as though lots of people bought hugely into his inflated promises and the inflated myth of his perceived genius*, and a significant fall in the stock price is merely a market correction that represents the market finally realising that.

* i was reading a lot of books, 3-4 years ago, on various Major Startups That Went Badly Awry, like that Elizabeth Holmes cunt, or that Sam Bankman-whatever his name was, the WeWork imbecile, that Crypto-Queen Who Disappeared To Bulgaria, Lex Friedman, I could go on, and in each case there was this 'charismatic disruptor' type character at the heart of it..

It was crazy how all these supposed Big Investors, Venture Capital kunts, Lords of The World types, you know, They Who Sit Astride the World Economy, they see further into the future, they're the smartest guys in the fucking room and every single time with the supposed 'CHARISMATIC DISRUPTOR!!!' these finance-capital kunts bought into them hook line and fucking sinker. Even when there were strong indications that there was a House of Cards scenario, they refused to believe that their faith in this 'charismatic' kunt could possibly be misplaced, I mean Elizabeth Holmes wasn't just a good persuasive talker after all she was a fucking blonde ffs, she was like a California 6 or an Arkansas 7.5/10 to boot and you know her intentions were so noble and her charisma so shining how could she, she above all people possibly be running a MASSIVE FUCKING FRAUD....

so yeah it amuses me that in that finance world where they talk in as though 'the bottom line baby' is their fucking god and they're so Darwinian and rational, uber-pragmatists, artists of the fucking deal right, and with every single one of those Houses of Cards, they just got suckered by a pretty face or a smooth line of bullshit from an incredibly self-certain sociopath, often with some neurodiverse 'ohmigod i think he's like, one of those savants or something' seasoning to it... and they all shoved hugely inflated amounts of money into those Corporate Vehicles for the 'Charisma' of One Domineering 'Disruptor' (and I am heavily, heavily qualifying the words 'charisma' and 'disruptor', here) AND THEY LOST THE FUCKING LOT

these are the people that 'trickle-down' tells us are the rising tide upon which all our boats will float.

Bad Blood about Elizabeth Holmes was a great read. She scammed the fuck out of some ultra-wealthy people. $125 million out of Rupert Murdoch alone.

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.

 

[ChosenOne]

...

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

^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.

 

[cincymma79]

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.

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

 

[ChosenOne]

Perhaps, but when 80% of analyst call it a buy or hold I'm listening to them. And like I said, the p/e ratio is unbelievable.

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