Posted on 04/20/2023 12:25:47 PM PDT by Tell It Right
Tesla is down 11% today.
I’m sure it’s the rocket implosion and the failing EV sales. He’ll start pulling more moola from Tesla to fund that stuff
And your point?
Hmm, lowering the price on the Model 3 by 20% and blowing up a billion-dollar rocket is bad for your stock price? Who knew?
FWIW - from Morningstar
Trading at 180 and they see fair market value at 215
“We reduce our Tesla fair value estimate to $215 per share from $225 to reflect higher near-term margin compression as the company is pursuing a volume-over-unit profit strategy in the near term by cutting prices to spur demand. We reduced our near-term automotive profit margin forecast. Separately, we increased our outlook for the energy generation and storage segment to reflect higher growth as Tesla plans to build a new facility in China. Our narrow moat rating is unchanged as Tesla should still generate excess returns on invested capital even in a lower-price environment.
At current prices, we view Tesla shares as undervalued, with the stock trading more than 20% below our updated fair value estimate. While we reduced our near-term outlook, our long-term view is unchanged. We think Tesla’s plan to reduce costs will drive long-term profit margin expansion. We continue to forecast roughly 5 million deliveries in 2030 with automotive gross profit margins recovering from the low-20% range this year to 29%, which is in line with the margins generated over the past two years.”
Time to buy?
In my friend’s small neighborhood, about seven own teslas and other EV’s they now all hate them. They hate having to plan details for distances and recharging.
Me? I think they’re ok in maybe the most urban of areas…maybe…but still have to get through the weight problem (they’re a bit on the QUITE heavy side and bridges won’t like that one bit) and our infrastructure. Not to mention the child labor involved in the mining of cobalt in Africa needed for the lithium batteries.
Shucks...
(/sarc)
Anyone buying an EV at this time is a fool.
IMHO Tesla's sky high valuation in the past was largely fad following of many young e-traders investing in what they think is cool. That fad is fading like disco and beanie babies and the stock price now might be based more on fundamentals.
To be fair, in years past I thought Musk would never get Tesla to actually manufacturing cars on a mass scale and Tesla investors were investing in hopism. I was wrong. Musk has Tesla both making cars and doing well in the carbon credits scam. I wouldn't be surprised to see the Tesla stock prices stabilize here then begin a bull run, even if the stock price never gets back to fad level.
You can thank .gov for tsla stock going to the moon. EV push and covid stimulus. Precovid tsla was under 30 bucks. Perfect example of the covid cash spending spree from R’s and D’s.
Charging them is a major issue. Tesla needs to make the battery packs replaceable. And then “battery pack stations” placed in neighborhoods where the battery pack can be swapped out in 5 minutes.
Oh another major issue — rare earth minerals. This is where hydrogen fuel cells make more sense.
Learn excerpt
I agree 100% unless you do your homework on your specific situation. I.e. If you don't live in an area with months of hard cold weather, your utility power is stable, you don't have tons of people moving into your state (increasing power demand), your state leaders don't make your power utilities depend on so-called "green" energy, and you're married and need two cars anyway (have one EV and one ICE to have the best of both worlds), then an EV is at least worth considering.
I check off all those boxes. So when my wife's ICE crossover needed replacing we replaced it with an EV crossover and do most of our driving in it (but still have an ICE pickup for times an EV won't do, especially with pickup chores but also if we go on a trip in an area that has few chargers).
Bonus points by the fact that we replaced our two natural gas appliances with electric ones to make our home all electric and installed a large solar system to produce now 80% of all the power we consume (including charging the EV). It's our way of trying to make us more independent from the Dims' stupid war on energy by making most of the energy we consume (including energy for most of our driving). But I definitely wouldn't go that far unless you're willing to REALLY DO YOUR HOMEWORK to make it work well.
the inadequate infrastructure is not a bug
its a feature
the whole point is to destroy personal transportation
ban gas cars
most will not be able to afford/use evs
which will force them on to public transportation
the solution is to get in on the ground floor of
uber rickshaw
I used to think the same, but now that new EV's charge in 10-15 minutes I'd rather charge my own expensive asset (and take care of it) than swap it out like I do my inexpensive propane tank for my grill. Imagine getting a battery swap and expecting 200 miles out of it but instead getting only 50 miles.
As an example of taking care of your own battery, when we charge our EV at home we charge it on slow speed to extend the battery life. Most people charge their EV as fast as they can (fast for a home level II charger) to reduce the loss of power when converting from AC to DC. (Charging slower = higher power bill) Maybe my charging it at 5.6kW every day instead of at 11.7kW doesn't make much difference in longevity, but that's what I'm doing.
No, the entire plan is to be on regulated grids that .gov has say over your lives. The ability to shut off your ev as it motors to a rally, or when you want to break curfew, etc etc. They want us all in ev systems, AI overlords can’t wait. Part of musk’s push for sat net and all electric bs.
You happy?
You?
There alright around town….then you charge it at home….0to120 in two seconds…
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