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Razor Ramon HG 05-01-2020 09:06 PM

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blkgsr 05-02-2020 07:26 AM

apparently he sold a bunch of shares before making the statement??? who knows if it's true

Hehe 05-02-2020 12:31 PM

Quote:

Originally Posted by blkgsr (Post 8985191)
apparently he sold a bunch of shares before making the statement??? who knows if it's true

Major shareholders/directors of public companies are required to file a filling with SEC when buying/selling shares of their respective company.

Whether or not Elon sold shares will be public information shortly, so, no need to speculate on rumors.

threezero 05-09-2020 02:29 PM

Quote:

Originally Posted by Hehe (Post 8985165)
But isn't it true?

I'd go as far as saying, replace Tesla with any company currently trading, I'd still think the statement holds.

There's neither a clear treatment for the coronavirus nor a viable (as in proven to work on animals) vaccine in route. This virus is going to stay with us for a while.

Now, we have 2 options:

1. Keep the economy closed, watch all the jobs evaporate in 3 month and all gov't prepare some sort of Universal Basic Income to ensure some sort of civilization.

2. Open the economy (now that most people are aware that this virus is SERIOUS) and deal with the virus as we go with shitty performance (hence stock prices) on pretty much the entire economy. But at least you have an economy.

IMHO, option 2 is the way to go. Yes, there'd be a second wave. However, I think with a lot of precaution in place, the spread can be controlled to a manageable level. By keeping the whole world locked up, there's a severe psychological and economical effect on the entire economy.

I've said it before, wait until the result of Q2 and then make your decision by then. Anything prior to that is just pure speculation. There's NOTHING that supports a quick turnaround of world economy. As a matter of fact, I think a depression is more likely than just a recession. Yes, there's money to be made in this lunacy of bulltrap runs, but also come at a huge risk. And for what? If the next bull-run is the same as we last had, the difference would be making a 250% return when you wait vs. 300% if you don't (and turn out to be right). So, unless you are purposely strategizing your purchase (buying your way down), or you have allocated capital for high-risk trades. I wouldn't do more than 10% in this climate. Again, there'd be good chance to make money if one just wait, granted it wouldn't be as good of a return, but then, only take as much risk that you can tolerate.

Now back to Tesla. I agree with the statement, even as a TSLA shareholder. The current flagship Fremont factory is shut down. With only GF3 in operation in China, TSLA can probably do 30% of total output if lucky. And as a HUGE shareholder like Musk, he'd be pissed of not able to re-open the economy already. Yes, health is the utmost priority. However, if the vast majority of people (pretty much anyone outside of the top 5% in our population) have to suffer and pretty much beg for food, I don't see it to be any BETTER than re-opening RESPONSIBLY.

Taiwan has shown clearly that if the majority of the population is willing to cooperate with preventative measures, there's no need to keep the economy locked. Taiwan never did (except locking up the island, which we could do more or less the same, just on a much larger scale).

I, for one, admire that Elon Musk actually had the cojones to say what he meant and be TRUE to what he thinks. One might not like what he has to say, but at least he's genuine on what he says.

Not sure what Elon's plan is. This is not the first time he has publicly tweeted about the stock being too high.

Elon has an extensive history of indirect stock manipulation. This guy is a the teflon don when it comes to SEC investigation.

Oh look and TSLA is back at what it was before the tweet.

As an investor Elon's behaviour is very concerning, he has scare away many institutional investor but non of this antic seems to concern retail investor.

As a trader. all these overprice highly manipulated stock are stuff for wet dreams.

whitev70r 05-09-2020 03:22 PM

This goes to show that a genius and a certified crazy is a very thin line.

Elon Musk and Grimes reveal how to pronounce baby's name -- but they disagree X Æ A-12

SpeedStars 05-09-2020 05:45 PM

So with many countries reopening....Is there really no consequence to the states printing all that money and buying junk bonds? Other than the big dip on March 21st, it seems everything is going sky high and it actually looks like a "V" shaped recovery. I remain pessimistic though

whitev70r 05-09-2020 05:50 PM

^ there will be another dip ... just wait for it.

blkgsr 05-11-2020 07:11 AM

ACB with a 1:12 reverse split

i almost shit myself when i first check the stock quote this morning only to read after about the split after

Hehe 05-11-2020 10:10 PM

Quote:

Originally Posted by threezero (Post 8985875)
Not sure what Elon's plan is. This is not the first time he has publicly tweeted about the stock being too high.

Elon has an extensive history of indirect stock manipulation. This guy is a the teflon don when it comes to SEC investigation.

Oh look and TSLA is back at what it was before the tweet.

As an investor Elon's behaviour is very concerning, he has scare away many institutional investor but non of this antic seems to concern retail investor.

As a trader. all these overprice highly manipulated stock are stuff for wet dreams.

As a shareholder, I am actually long TSLA because of Elon Musk. If Elon somehow gets kicked out of the company, I'd sell all the TSLA position without blinking

EM to TSLA, or EV in general isn't too far off to comparing how Steve Jobs of AAPL is to the smartphone industry. The difference is that SJ left in a time where smartphone already matured into the industry mainstream.

EV still has a long way to go before becoming mainstream in the car industry.

As for his behaviour.... I consider any downs due to his "behaviour" as cost of doing business. Hahaha... Think it this way... how else can you get 34M followers as a car company CEO and spend nearly 0 on ads but every of your company's move is in world's spotlight?

You can't get that by being a normal executive...

How many of you here can name the CEO of Ford, GM, Benz, BMW... etc without googling? Let alone knows what goes in their decision making.

TSLA is at 800+ today because they have an EM... without it, they'd be worth less than Ford or GM because those STABLE and RESPONSIBLE CEOs cannot innovate and generate value beyond what the company already does. They make great bean counters, but a true visionary will never be stable because they are never satisfied with the status quo. Often, when they first introduced their ideas into the world, they are called crazy or lunatic... like so many names in history... Galileo, Copernicus to name a few. Those responsible others?

underscore 05-11-2020 10:14 PM

Quote:

Originally Posted by Hehe (Post 8986091)
Often, when they first introduced their ideas into the world, they are called crazy or lunatic... like so many names in history... Galileo, Copernicus to name a few. Those responsible others?

Musk is called crazy because he's genuinely batshit insane.

Jmac 05-11-2020 10:18 PM

Galileo was a fucking mint CEO

threezero 05-12-2020 05:47 PM

Elon Musk has not been on the board nor is he the CEO ever since his funding secure tweet.

I do agree, this man or brilliant. Crazy but brilliant the Howard Hughes of our time

But that doesn’t distract it from the fact that as a company and as an investment TSLA is a crazily overvalued and it’s base on hype more than substance.

You are right Elon is the only reason why tsla is the value it is today. His compensation is directly tie to the $ value of the stock.

A viable business need to be operation even without the enigma leader. Like how Apple can survive without SJ.

The way Tesla is setup right now seem to live and die by Elon. Kind of a scary thought for institution. But I guess not really an issue for the much more mobile retail investor.


Have to say Elon’s force reopening of his factory in Fremont yesterday is a pretty boss move lol

Hehe 05-12-2020 09:55 PM

Quote:

Originally Posted by threezero (Post 8986164)
Elon Musk has not been on the board nor is he the CEO ever since his funding secure tweet.

I do agree, this man or brilliant. Crazy but brilliant the Howard Hughes of our time

But that doesn’t distract it from the fact that as a company and as an investment TSLA is a crazily overvalued and it’s base on hype more than substance.

You are right Elon is the only reason why tsla is the value it is today. His compensation is directly tie to the $ value of the stock.

A viable business need to be operation even without the enigma leader. Like how Apple can survive without SJ.

The way Tesla is setup right now seem to live and die by Elon. Kind of a scary thought for institution. But I guess not really an issue for the much more mobile retail investor.


Have to say Elon’s force reopening of his factory in Fremont yesterday is a pretty boss move lol

Erh, he's still part of the board (just no longer president of the board) AND CEO last time I checked.

As you said... Apple "survived" without SJ, because Apple already established itself as the market leader in the smartphone industry and had a successful business model to continue on.

But is Apple under Cook still like the Apple under Jobs? As a long time Apple user, I no longer feel the excitement of Apple announcements. I used to even stay up late so I could catch the event live somehow when I was in Asia as well as the time pre-order of the product goes live/camp in line to buy.

Now I just wait for the "Apple latest event in 7min" youtube video to be posted and buy their product only when a good deal comes along. A sharp contrast for a person who used to get pretty much every major products (sans refreshes) like MBP, iPhones... etc on day1.

They are hardly an innovator anymore. I only stick with Apple's ecosystem because I, along with my F&Fs are way too invested in the system to leave now. But it really won't take much of a screwup from Apple for me to leave everything behind and take my entire F&F with me (I'm the IT geek in the family, so everyone just follow my decisions).

Tesla, OTOH, reminds me of the excitement I had with Apple. I would stick to the internet somehow for any major events so I don't miss anything. I have a Model 3 now and ordered the 3-motor Cybertruck even I was never a pickup person (I shared my reasonings in the Cybertruck thread, it's not just a fanboy impulse... but actually the car checking all the boxes I can think of).

That's why I got into TSLA and plan to like really LONG it.

And as for valuation, one can't justify TSLA's valuation as a CAR manufacturer.

The current no.1 carmaker by market cap is Toyota and they sell a whole crapload more cars than Tesla.

However, I see Tesla as an energy company. And it's its potential to sell me, and millions of people out there, the Tesla ecosystem that interests me as a shareholder.

If I were to replace the roof of my house and Tesla Solar Roof is available in Canada, I wouldn't even consider getting a quote from regular roofing company; just come install solar roof along with a PowerWall and let me know where to send the check to.

And many of the steps Tesla are taking are so subtle that one would easily miss it if they don't pay attention; even as a shareholder.

Tesla UK recently applied the license to sell electricity in the UK, and I believe that's the test-site of its plan. Imagine if Tesla were your electricity company and all its customers have solar roof and powerwall installed. Let's say its customers are all regular 9-5 Joe-6-packs. During the day time, when the house energy utilization is at the lowest (out-working) and solar energy production is the highest, Tesla, as a utility company can sell all that excess capacity to OTHER utility companies because their PEAK utilization happens in the DAY.

Even just as a car company, with every legacy carmakers going EV, many major economies announcing plans to kill ICE vehicles for good, Tesla, with the most advanced EV-related tech in the industry, bar-none, stand a great chance. And if they really perfected the autonomous driving, then, you can add ride-sharing to the list of things Tesla does.

To sum, I want to say that I'm excited as a TSLA shareholder because EM and his think-outside-the-box mentality. I don't expect it to make anything REVOLUTIONARY, except the autonomous driving. All I need it to do, is to disrupt a few old industries with something new, and I can already justify it to be a trillion-dollar company in a few years. When I first drove a Tesla, it gave me the same feeling when I first used an iPhone. Same thing I've been doing for so long... BUT SO MUCH BETTER that I can't imagine ever going back. And all that craziness in the way EM tweets and whatever doesn't really affect the way I see the company in any way.

Yeah, I'm biased AF as a TSLA shareholder, but that's my 0.02.

blkgsr 05-13-2020 07:05 AM

what are you guys thoughts on Air Canada, how much lower can it go?

unit 05-13-2020 07:34 AM

airline stocks, nobody knows... its a gamble.
right now they're still filling up planes when it comes to essential travel, no space in between.
all it's gonna take is one of those travellers to infect half the plane, then once the news breaks out that it happened, it's gonna re-raise the concern of flying again and set back the industry several months.

Hondaracer 05-13-2020 08:17 AM

The problem with TSLA is their product ain’t that great besides being innovative. It’s not the equivalent to apple in that regard.

Consumer reports and reliability ratings are pretty shit across the board for their vehicles. And everyone i know who own Tesla’s have had issues

blkgsr 05-13-2020 09:11 AM

Quote:

Originally Posted by unit (Post 8986214)
airline stocks, nobody knows... its a gamble.
right now they're still filling up planes when it comes to essential travel, no space in between.
all it's gonna take is one of those travellers to infect half the plane, then once the news breaks out that it happened, it's gonna re-raise the concern of flying again and set back the industry several months.

yes but air canada is our main national carrier....world travel will resume, no way around it. the questions is when?

does it keep getting hammered for another 6 months then start to tick back up?

Spoon 05-13-2020 11:36 AM

Air Canada will still be around. In a way it's too big to fail since you can't dismiss the billions of dollars the tourism industry generates for the country. Not just through flights but the dollars that trickle down through retail and other services. Plenty of jobs are at stake.

The question that remains is how much the stock is worth right now. They've already informed investors that they don't expect to return to 2019 earnings for at least 3 years. From the way people here "invest", that's a fucking life time.

whitev70r 05-13-2020 11:59 AM

At this price, I'll lend AC a few thousand dollars. I've got time.

Razor Ramon HG 05-13-2020 12:03 PM

Anyone have any thoughts on VTIQ? Did a little bit of DD and it seems like a small position will pay off in the long term.

blkgsr 05-13-2020 01:05 PM

Quote:

Originally Posted by Razor Ramon HG (Post 8986254)
Anyone have any thoughts on VTIQ? Did a little bit of DD and it seems like a small position will pay off in the long term.

so merger announcement on June 2.

you think it'll keep going up until then?

Razor Ramon HG 05-13-2020 01:21 PM

Quote:

Originally Posted by blkgsr (Post 8986259)
so merger announcement on June 2.

you think it'll keep going up until then?

This would be a very long term hold for me and a fairly small position, so pricing isn't much of a concern for me personally. But I do think there is still a bit left in the tank up until the merger, then it'll probably trade flat for a long time.

Did miss that $25 dip today during a morning meeting. Bounced back to $29 in a span of like 20 minutes.

blkgsr 05-13-2020 01:32 PM

do you think tomorrow it'll tick down?

tiger_handheld 05-13-2020 02:16 PM

AC + TCL.A .... just to test the waters.

blkgsr 05-13-2020 02:40 PM

nice dividend with TCL.A

what are you thinking as a smart buy in price?


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