Is Tesla the new BitCoin?

NAKMUAY18 said:
Tesla stocks fell on disappointing 4th quarter reports this week . Tesla have never been profitable over a year since being taken public over 8 years ago, however stock prices have risen over 2000%. The manufacturer has been ranked 3rd worst for reliability, has $10b in debit, and has received the majority of its cash flow through investment. Most of the perceived value of the stock appears to be on the potential that the company rather than how it actually performs.
BitCoin appears to be a forerunner of this, in that the product itself is currently of limited application and performance. Both products appear to be valued on what they could be worth rather than their intrinsic value. Can we expect Tesla to take a shit soon as well?
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Maybe it went public for the same reason Dan Pena says the UFC should here?
 
djacobox372 said:
Profit isn't everything.

Amazon was mostly unprofitable until 2015, and still has only a couple billion in profit.


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How many publicly traded companies have their been since the NASDAQ was created? How many have a similar history of profitability?
 
Anytime a Tesla crashes and their is a fatality, it is headline news how "unsafe" they are etc. In the same news reporting period there may have been 100 non Tesla fatalities, but Tesla will get the headline. Tesla's competitors are lobbying against them politically to force law against Tesla, and they are also spending money in the media to get the spin they want. Meanwhile Tesla does not even advertise, do they?

I don't know about the stock, but I am interested in buying one once I pay off a loan I have.
 
Tesla wishes it were bitcoin right now.
 
Until I can spend bitcoin or any crypto on normal expenses, I won't touch it with a 10foot pole.
 
Plutoburn said:
Until I can spend bitcoin or any crypto on normal expenses, I won't touch it with a 10foot pole.
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Soon. Amazon is getting in, eBay is likely, someone just bought coffee at Starbucks with btc, etc. Visa and Mastercard are backing it. I do AV at a luxury resort and all of our financial institution clients are doing their presentations on crypto and blockchain technology.
I have only put $100~ into crypto but that initial investment is already worth over $200.
 
The stock is in free fall. They don't seem to be able to fund their operations from the profits of their operations. If they can't get money to borrow, they're probably screwed.
 
I think CNBC today had a woman say it's gonna shoot up to $4,000 per share. It's now around $200 in freefall.

Some other jackass said Amazon will be worth $3,000 per share in a few years if you consider the value of each component if broken up.
 
NAKMUAY18 said:
Tesla stocks fell on disappointing 4th quarter reports this week . Tesla have never been profitable over a year since being taken public over 8 years ago, however stock prices have risen over 2000%. The manufacturer has been ranked 3rd worst for reliability, has $10b in debit, and has received the majority of its cash flow through investment. Most of the perceived value of the stock appears to be on the potential that the company rather than how it actually performs.
BitCoin appears to be a forerunner of this, in that the product itself is currently of limited application and performance. Both products appear to be valued on what they could be worth rather than their intrinsic value. Can we expect Tesla to take a shit soon as well?
Click to expand...
It was just leaked that Tesla shipped a record number of units. Do yourself a favor and go check out how people talked about Amazon in 2009 and 2010. They talked the same way. They were like, "Sure they sell a ton of stuff, but they've never actually made a profit." There were people who looked at Amazon the same way many look at Spotify today. People seriously questioned the fundamentals of the company.

Also, it's funny to me how everyone decided Wall St. told the truth about Bitcoin because of the artificial bubble and mini-crash. The mayor of Baltimore is currently considering paying 13 Bitcoin to hackers in a ransomware attack.

These are not the signs of products or technologies that are mere fads.
 
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