Tesla stock slowly correcting this year. Down 33 percent since Jan, and some think it could fall upto another 90%. Company is still valued at ten times what General Motors or Ford is.

Long of the short is Musk is a toxic figurehead, the company is showing no growth, recent launches have been failures and both sales and production are down. The market is tired of Musk's excuses and talk of future products that will turn things around.

Total market cap lost this year alone was 260 billion. Should the stock hit 150 it will trigger a massive selloff.

Stock is the second to worst performer in the S&P500 and worst on the NASDAQ100.


qz.com/tesla-stock-q1-sales-elon-musk-deliveries-production-1851384492

April 2020 share price was $32. $168 today... still winning.

-260 billion in four months sure is a lot of winning.

Musk's excuse was it was a bad quarter for everyone, despite the S&P500 raising 10% overall, being mostly brought down by Musk and Apple.  The Dow was at an alltime high again, so Musk did not leave many investors with a lot of faith on the earnings call.

The meme hype train that was Tesla is now NVIDIA, that's where the speculators are... In AI.
Nothing about Tesla ever warranted it's share price.

That is what investors are starting to say too now more and more. Tesla just is not more valuable than the rest of the US automotive market but is valued as such.

Nvidia def has worth right now, as the businesses all want their own AI hubs, and are buying the chips to power them in insane quantities. And AI is power hungry shit. Also not likely to die out, as Nvidia moves to business marketed chips. While they may not be chaining together video cards in the future, most business will want some setup for simple automation. And that will be powered most likely by Nvidia or a competitor.

Apr 4, 2024 0:17:04 GMT c said:

That is what investors are starting to say too now more and more. Tesla just is not more valuable than the rest of the US automotive market but is valued as such.

Nvidia def has worth right now, as the businesses all want their own AI hubs, and are buying the chips to power them in insane quantities. And AI is power hungry shit. Also not likely to die out, as Nvidia moves to business marketed chips. While they may not be chaining together video cards in the future, most business will want some setup for simple automation. And that will be powered most likely by Nvidia or a competitor.

It is the "it" company of the moment, but it is a fast moving industry and if someone finds a way to run AI on compute modules then it is all over in a moment for NVIDIA.

But their new chip is super impressive.
It is also amazing how accessible commercial grade AI hardware is.

Getting sad but with all the negative press, former Tesla fanboys have started sell and short the stock.  WSB moving towards shorting it for easy money too.

A lot of long term Tesla fans are turning on Musk for essentially abandoning the company to bitch about right wing talking points.

Some major shareholders and very vocals supporters also calling for an entirely new board.

fortune.com/2024/04/07/elon-musk-tesla-sales-ceo-compensation-twitter-fans/

Reports now that Cybertruck rollout was a complete disaster. Many users having issues with them breaking down. Feeling is they were rushed out early, while two years behind schedule, and were just not finished or tested properly. People claiming too they are not designed at all to be used as a real truck.

Also Musk again greatly lied about range.

nypost.com/2024/04/08/business/teslas-cybertrucks-were-rushed-out-are-malfunctioning-at-astounding-rate/

I'm probably as critical of Tesla as anyone, as far as a car company is concerned they're grossly over valued.

That's not their fault though and I do approve of Musk trying completely new approaches to things, it's risky for a automotive company givwn the costs of recalls, but I appreciate the effort.

Most recently I am very interested in his Optimus robot, the edge Musk has is data. For all the Tesla's out there running FSD he is able to pull vast quantities of training data.
Now he's pushing Optimus robots into his own factories, this is so very smart. The more robots he uses, the more data he collects and the more rapidly he improves.
If you want speed of iteration above everything else, this is the way to do it.

Last time I was in China I was shocked how many domestically produced EV's there were.

People shit on Chinese manufacturing forgetting it's where their iPhoen and MacBook come from.

Here's a video of the fully automated Xiaomi EV factory

Tesla getting close to being pushed out of China. Down to 7.5% market share and dropping as the Chinese markets innovate while Elon claims he will innovate.

Love he keeps talking up the size of his AI project, but when even in cars, he is not an AI leader anymore. Hardware does not matter when the software is flawed.  He is still praying he can roll out robotaxis to save Tesla as the market is flooding without him.  And we are moving to regulating the industry in ways he can clearly not pass in regards to safety with his AI assistance.  

Supreme Court rejects Musk's absolute free speech case regarding his Twitter babysitter about Tesla tweets.

www.bloomberg.com/news/articles/2024-04-29/supreme-court-rejects-musk-s-twitter-sitter-appeal-in-sec-win

TSLA is up 35% this week and 16% today.

Imagine a thread about the “many” failures of one of the most successful people on Earth. 😂

Just in:

Tesla short sellers lose MORE THAN 5 BILLION shorting Tesla post earnings report.

Yikes.

Up 35% to still leave him down 21% year to date. Also boosting stock prices with layoffs only results in short term gains. His robotaxis are were already denied several times in California, and several other companies already beat him to market so not likely to see gains there. His cheaper cars will not get the people he trashes regularly to buy them, nor will they be cheaper than competition anyway. And he is looking at lawsuits now related to the disastrous Cybertruck rollout and a lot of cancellations.

Sooner or later investors will realize that no this will not be the year Musk delivers on his yearly promise of totally autonomous cars either.  

AOC owns a Tesla.

Had a Tesla. She traded in for something else last year.  The AOC car trackers not seen it in months.

And the gains from yesterday almost fully eroded away as it was revealed Musk laid off the public policy group that would be required for robotaxis.

Musk is asking shareholders pay him 56 billion in june as well.

Apr 30, 2024 20:09:40 GMT c said:

And the gains from yesterday almost fully eroded away as it was revealed Musk laid off the public policy group that would be required for robotaxis.

Musk is asking shareholders pay him 56 billion in june as well.

There's a stupid group of shareholders trying to torpedo his salary package... Whether or not Tesla is a good buy or whether Musk is reckless,he's the only think that's stopping the share price crashing to a PE ratio of a boring car company like Toyota.

Tesla announced that the Model Y has a range locked and wants permission to allow consumers to unlock more range with a pay upgrade. Looks like 20% of the current battery is locked pending future payments.

Believed similar locks are in the X and S models.

www.theverge.com/2024/5/5/24149447/tesla-model-y-software-locked-battery-capacity

For Musk's benefit deal, shareholders would be idiots to approve 46 billion in value be moved to Musk with no obligation on his part to raise value attached.  It is literally giving him cash for the sake of giving him cash.  

US SEC investigation into Tesla are now focusing on whether or not Tesla committed security and wire fraud due to Musk's statements that the cars were self-driving when they clearly were not. We are two years in, so it is likely it is not so much whether he did or not they are investigating, but do they have the evidence they need to convict the company in court that is being finalize.

www.reuters.com/business/autos-transportation/tesla-autopilot-probe-us-prosecutors-focus-securities-wire-fraud-2024-05-08/

Only took a week for Neurolink to start malfunctioning because the threads implanted into the brain did not stay put. Things are bad enough they are considering removal.

www.cnbc.com/2024/05/08/neuralinks-first-in-human-brain-implant-has-experienced-a-problem-company-says-.html

So basically if you shake your head it's like an empty can of spray paint... <_<

Often imitated. Never duplicated.



Modern and future classic, The world renowned, high demand Tesla Cybertruck has a cheap Chinese knock off, Dongfeng.. yeah, that's a car brand apparently, has produced a Cybertruck clone. Complete with suicide doors.

Dongfeng Motor Corporation has it's headquarters in Wuhan, China. That's a fun fact. It's state owned, of course. And it's known for exporting trucks to conflict-ridden nations to capitalise on the bloodshed. Yikes, I didn't expect falling down that rabbit hole...

Dude. How can you just not respect the hustle. This is why they're gonna win.

I didn't read long enough to find out if it's electric, it's probably running a 30 year old Turbo Diesel from a discarded Toyota Hilux.

Looks better than the cybertruck does...

I think the Cybertruck is ugly as sin, I would never buy one.

Xiaomi has done a nice job of a good looking EV



I don't care if it is a rip off of the Porsche, it is a nice looking car.

US def cannot access chinese EVs. Tariff's doubling too now on them.

May 14, 2024 4:54:47 GMT c said:

US def cannot access chinese EVs. Tariff's doubling too now on them.

The US methodology on Tariff's is hilarious, they accuse other companies of dumping product.
They make no effort to establish why, other than to say that because it is cheaper in another country when compared to the USA it is the result of government subsidies or dumping.
Though they never make the case why someone would seek to sell product at a loss into the USA.

It was those protectionist policies that turned the US auto industry into an uncompetitive dinosaur while the Japanese slowly got more productive and efficient until they were cheaper even with the tariffs and then Detroit died.
Also funny that the key beneficiary of this policy will be Musk.