Posted on 07/29/2022 1:05:12 PM PDT by millenial4freedom
Tesla Chief Executive Elon Musk struck an upbeat note on inflation, saying the electric-vehicle maker was seeing a growing number of key input costs heading lower.
"Inflation might be trending down," Mr. Musk tweeted late Thursday. "More Tesla commodity prices are trending down than up fwiw," he added.
Proof that Musk know zero about economics or business. He completely relies on government and tax dollars for success. Just another leftist piece of schiff.
That ain’t doing me any good. Now if I had 50 billion dollars I’d agree.
“Proof that Musk know zero about economics or business. He completely relies on government and tax dollars for success. Just another leftist piece of schiff.”
Dude makes great stuff. Selling premium cars with a backlog on orders and no tax rebates.
Cut Musk some slack, the poor guy is down to his last $255 billion.
What you said.
Musk is a crackerjack engineer, not an economist.
Works for me. I bought a pile of shares for $700 just over a week ago. +27% in a week!
I think Tesla stock rose because Manchin agreed to the BBB bill which will subsidize EVs to the tune of $7K per vehicle
Tesla shares did not rise due to Musk’s comments about inflation.
They rose because the street compared the numbers for GM, Ford and Tesla.
Tesla has made more profit (in terms of Billions of $) then either Ford or GM for the last 2 quarters, even though it has ~ 1/4 to 1/5 their production.
That got the attention of investors....
Was under the impression he was smarter than that.
“Was under the impression he was smarter than that.”
Tesla knows his business. If he says his commodity prices are coming down, they are coming down. If you disagree, post some examples.
Proof you a dip.
Copper $3.60 down from $4.80
Lithium down 10%
Oil down 20%
“I think Tesla stock rose because Manchin agreed to the BBB bill which will subsidize EVs to the tune of $7K per vehicle”
Price apped at $55,000 for cars.
capped
“Was under the impression he was smarter than that.”
At least, unlike some here, he can see the facts ....
Copper $3.60 down from $4.80
Lithium down 10%
Oil down 20%
He’s the head of a car company. It would be stupid of him to sabotage his ability to sell cars by saying the economy doesn’t look good for car buying.
I own AMD stock.
AMD is up 21.13% this past month. Most of it in the last 2 weeks.
They will announce their earnings on August 2nd. It should be another great report but this time there will be no FED rate hike announcement to stomp all over the good news.
Tesla is up 30.05% this past month. Most of it in the last 2 weeks.
On August 4th the shareholders meeting will confirm the 3-1 stock split.
I expect the shares to go up and up for the next 3 weeks when it will split.
I will wait a few days to see how AMD is doing after their earnings and will likely buy Tesla stock as 2 years ago the stock rose about 45% after the announcement. It then meandered for about 3 months up & down from the split price of about $400 then by January was near $1,000
Right now it is a race of percentages which will make more. I expect Tesla in the short term then switch back to AMD.
#15
Buck Sexton @BuckSexton
Of course Joe Manchin double crossed his Senate GOP colleagues to do Chuck Schumer’s bidding with a reconciliation gimmick
He’s a professional democrat. This is what they do. It’s a party that punishes integrity and rewards treachery.
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