Economy stonks v21

[Pride23]

lol Shill LeBeau on CNBC for the 5th time today to rmeind us "Tesla did this organically by building their own factories with their own technology."

Factory 1: refurbished GM plant they got out of bankruptcy...built a bunch of cars in a tent next to it for years
Factory 2: Built and financed by the Chinese govt...used to build Tesla cars with LFP batteries that are shittier range and lower density and produced by chinese firm CATL.

You realize they took out a loan from Chinese backed institutions as part of the deal to build a factory in China and they have already paid the entire loan back from internal cash generated and the company CATL you seem to be putting in a negative light is the largest battery cell manufacturer in the world. Those LFP cells are the cell of choice for most electric vehicles.

They retrofitted Fremont, built Giga Shangahi. Giga Berlin, and Giga Texas. GigaTexas is over a mile long. I think it's fair to say they have built factories but what do I know.

Congrats to Tesla for crossing a 1 trillion market cap. People didnt think eletric vehicles were viable when they started selling the Roadster about 15 years ago.

 

[brackis1]

lol BKKT would have made me like $200,000 in 3 days if I had held lmao.

 

[brackis1]

You realize they took out a loan from Chinese backed institutions as part of the deal to build a factory in China and they have already paid the entire loan back from internal cash generated and the company CATL you seem to be putting in a negative light is the largest battery cell manufacturer in the world. Those LFP cells are the cell of choice for most electric vehicles.

They retrofitted Fremont, built Giga Shangahi. Giga Berlin, and Giga Texas. GigaTexas is over a mile long. I think it's fair to say they have built factories but what do I know.

Congrats to Tesla for crossing a 1 trillion market cap. People didnt think eletric vehicles were viable when they started selling the Roadster about 15 years ago.

CATL I put into the light that they have no battery tech moat on the products they sell, and are outsourcing. As you say; they are industry standard, not vodoo jizzfuck Musk special ironman batteries they created or have IP on. As such valuing their existence at more than all the major makers combined is beyond retard zone.

 

[tenniswhiz]

CATL I put into the light that they have no battery tech moat on the products they sell, and are outsourcing. As you say; they are industry standard, not vodoo jizzfuck Musk special ironman batteries they created or have IP on. As such valuing their existence at more than all the major makers combined is beyond retard zone.

But it’s always good to respect the crowd…you wouldn’t put a big short on TSLA.

If people think something is worth something, then it is, to them.

Fundamental analysis has become irrelevant.

 

[brackis1]

But it’s always good to respect the crowd…you wouldn’t put a big short on TSLA.

If people think something is worth something, then it is, to them.

Fundamental analysis has become irrelevant.

I go off a rule that I start digging in at 40% above what I consider retard zone. So about 1050 when I considered 750 dumb top. This is loosely based off people who tried to bet against the dot com bubble and a lot losing for about 40% from random anecdotes I would read.

 

[thehighking]

I don't get why people would invest in TSLA when they could invest in the rapid growth phase new EV companies like NIO or Xpeng. Profit percentage is multiplied drastically by investing in these newer companies. NIO is expected to become profitable in 2023, the stock price is going to be a lot higher than $40 by then.

 

[brackis1]

lmao and for the 10th segment on TSLA today; the CNBC expert panel claims that Hertz rentals will make people more aware of Tesla as a brand rofl.

Yeah cause a bankrupt rental agency really caters to people who haven't heard of Tesla holy fuck hahah

 

[rob mafia]

I don't get why people would invest in TSLA when they could invest in the rapid growth phase new EV companies like NIO or Xpeng

 

[thehighking]

Really though with Tesla, even if it doubled to $2000 you're just doubling your investment. With NIO if it rises to $200 you're multiplying your investment by 5. Way more money to be made and NIO so far seems to be achieving everything it set out to do. When it becomes profitable the share price is going to be up quite a bit more than 100%. It's my biggest long term play. I think with the biggest EV market in the world being China, there's so much potential for NIO to become the biggest EV company in China and possibly the world if they continue on their current trajectory.

 

[rob mafia]

Really though with Tesla, even if it doubled to $2000 you're just doubling your investment. With NIO if it rises to $200 you're multiplying your investment by 5. Way more money to be made and NIO so far seems to be achieving everything it set out to do. When it becomes profitable the share price is going to be up quite a bit more than 100%. It's my biggest long term play. I think with the biggest EV market in the world being China, there's so much potential for NIO to become the biggest EV company in China and possibly the world if they continue on their current trajectory.

ermagerhd.

i'm not talking about tesla. i'm saying nio/xpeng aren't exactly new and both of those are chinese.

meanwhile, there are like 239 actual new ev companies... so if you'd want to go the new/growth route, there are options. i just wouldn't call nio one of them.

 

[Gas121]

Really though with Tesla, even if it doubled to $2000 you're just doubling your investment. With NIO if it rises to $200 you're multiplying your investment by 5. Way more money to be made and NIO so far seems to be achieving everything it set out to do. When it becomes profitable the share price is going to be up quite a bit more than 100%. It's my biggest long term play. I think with the biggest EV market in the world being China, there's so much potential for NIO to become the biggest EV company in China and possibly the world if they continue on their current trajectory.

Most EV's are trading at insane multiples I cannot justify myself to invest. Seems retarded tbh. I have been missed on some big gains on these stocks admittedly but there is pretty much no chance at this stage now. I am a value guy so when I dig at the financials on these companies it makes no sense and the risk is high.

If the market for whatever drops heavily these kind of stocks will be the ones that get hit very badly.

On another note - PSFE might just be the most retarded stock in the market. Absolutely butchered again lmao.

 

[thehighking]

ermagerhd.

i'm not talking about tesla. i'm saying nio/xpeng aren't exactly new and both of those are chinese.

meanwhile, there are like 239 actual new ev companies... so if you'd want to go the new/growth route, there are options. i just wouldn't call nio one of them.

NIO is showing itself to be very successful though. There's a lot of newer electric vehicle companies, many which haven't even sold a car yet. I'd go with the one that's hitting all it's targets, has billions of dollars in sales this year, has massive hoards of cash, high investor interest and is already on track to become profitable in 2023. Being a Chinese company is also a massive advantage, China being home to the biggest EV market in the world and with the Chinese government making plans to become carbon neutral. I'm very bullish on this one, I'm expecting huge gains within the next two years. It boggles my mind why someone would invest in TSLA rather than a company like NIO.

 

[chardog]

tsla is like the only winner my wife has.....

 

[wlu.29]

Fucking called it

Decrepit communist gremlin from hell is coming to take our stonks

The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years

 

[44nutman]

The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years

Which is every poster in this thread. Wait until you see the outrage in this thread when they start taxing dudes with 10” + dicks.

 

[BIKES!]

lol BKKT would have made me like $200,000 in 3 days if I had held lmao.

Still going in after hours, fuck me

 

[nostradumbass]

I don't get why people would invest in TSLA when they could invest in the rapid growth phase new EV companies like NIO or Xpeng. Profit percentage is multiplied drastically by investing in these newer companies. NIO is expected to become profitable in 2023, the stock price is going to be a lot higher than $40 by then.

Chinese stocks make some people nervous because you never know when the CCP is going to pull some shenanigans. I made a little bit of money on NIO, Xpeng and Li earlier this year, but they've had some serious slumps and I've gotten hosed several times on BABA.

 

[Wadtucket]

The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years

Keep trusting these greedy gremlins

 

[nostradumbass]

The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years

1. "Expected to". The same way having your bank report every $600 transaction is "expected to" go after billionaires.

2. What do you think is going to happen to your stocks when the people who actually move them liquidate positions for taxes?

 

[thehighking]

Chinese stocks make some people nervous because you never know when the CCP is going to pull some shenanigans. I made a little bit of money on NIO, Xpeng and Li earlier this year, but they've had some serious slumps and I've gotten hosed several times on BABA.

That is one worry of mine, not because of the CCP, I see that as a positive because China needs EVs and obviously wants a Chinese company to compete with Tesla. The big issue for me is the trade war with USA. America has delisted other Chinese companies from the stock exchanges so that is always a potential risk. They really fucked over Huawei as they were Apple's biggest competitor and it's possible they could do something similar to aid Tesla in their competition against the Chinese EV companies. These worries and huge competition in the industry aside, I still think NIO is going to be a hugely successful company. They're growing much faster than Tesla did in it's growth phase, I think the path is easier when it's been done already. I think they will achieve profitability in 2023 and the stock price is going to be a lot higher than it is now.