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It's surprising how little of a lift TSLA got after Elon pulled out all the stops to pump the stock ahead of the inevitable secondary sales. It's going to be in

by IBM 9y ago

It's surprising how little of a lift TSLA got after Elon pulled out all the stops to pump the stock ahead of the inevitable secondary sales. It's going to be increasingly dilutive if investors aren't buying the Elon magic anymore.

ProAm 9y ago
Releasing the new Roadster was a mistake I believe, when they are having a hard time with the Model 3. It's not a sign of strength that the company is not focusing 100% on the car that is going to (supposedly) make them profitable.
- alexasmyths 9y ago
  It wasn't really a release, more like an announcement. He has to keep the Magic going - without the Magic, they would have been dead long ago. They are dependent on it to sustain crazy valuations. Maybe saving either the truck or roadster for the next show would have been keen though :) I mean, these are cars, not like some little Apple software feature ...
  - ProAm 9y ago
    I feel its too diversionary. The Model 3 has immense magic to everyone, car buyers, investors, futurists, the fate of Tesla itself.... Smoke and mirrors don't work when you know its smoke and mirrors.
    - ModernMech 9y ago
      I think you're right. I don't think anything could be more persuasive then delivering on the Model 3 promises and bringing in cash. Relying on, as you say, smoke and mirrors, kind of admits the fact that they're struggling keeping the promise made with the Model 3, so they're changing the topic to a new promise.
    - alexasmyths 9y ago
      "Smoke and mirrors don't work when you know its smoke and mirrors." Smoke and mirrors has been their game plan for 10 years. They would not have been able to raise debt and equity without it - not get away with massive delays. People have to 'believe in the future' of Tesla - and to believe there is a lot just past the horizon. Without major announcements, they don't get any great PR either. Though you guys are 100% correct in reality - that's a little too much rationality for pop culture investing. Personally, I would have announced the Truck - because so many autonomous folks predict that's where the initial disruptions will be and it's a whole other industry.
    - dragonwriter 9y ago
      > Smoke and mirrors don't work when you know its smoke and mirrors. Yes, they do. In many ways, Trump demonstrated this: smoke and mirrors still leaves people free to imagine what is behind the smoke and mirrors, and they can easily fall into the trap of filling it with what they want to be there. People of radically different preferences rationalized Trump's shifting and incoherent campaign message as smoke and mirrors hiding the policy positions they preferred; the same can (and does) happen in business.

by IBM 9y ago

ProAm 9y ago

Releasing the new Roadster was a mistake I believe, when they are having a hard time with the Model 3. It's not a sign of strength that the company is not focusing 100% on the car that is going to (supposedly) make them profitable.

alexasmyths 9y ago
It wasn't really a release, more like an announcement. He has to keep the Magic going - without the Magic, they would have been dead long ago. They are dependent on it to sustain crazy valuations. Maybe saving either the truck or roadster for the next show would have been keen though :) I mean, these are cars, not like some little Apple software feature ...
- ProAm 9y ago
  I feel its too diversionary. The Model 3 has immense magic to everyone, car buyers, investors, futurists, the fate of Tesla itself.... Smoke and mirrors don't work when you know its smoke and mirrors.
  - ModernMech 9y ago
    I think you're right. I don't think anything could be more persuasive then delivering on the Model 3 promises and bringing in cash. Relying on, as you say, smoke and mirrors, kind of admits the fact that they're struggling keeping the promise made with the Model 3, so they're changing the topic to a new promise.
  - alexasmyths 9y ago
    "Smoke and mirrors don't work when you know its smoke and mirrors." Smoke and mirrors has been their game plan for 10 years. They would not have been able to raise debt and equity without it - not get away with massive delays. People have to 'believe in the future' of Tesla - and to believe there is a lot just past the horizon. Without major announcements, they don't get any great PR either. Though you guys are 100% correct in reality - that's a little too much rationality for pop culture investing. Personally, I would have announced the Truck - because so many autonomous folks predict that's where the initial disruptions will be and it's a whole other industry.
  - dragonwriter 9y ago
    > Smoke and mirrors don't work when you know its smoke and mirrors. Yes, they do. In many ways, Trump demonstrated this: smoke and mirrors still leaves people free to imagine what is behind the smoke and mirrors, and they can easily fall into the trap of filling it with what they want to be there. People of radically different preferences rationalized Trump's shifting and incoherent campaign message as smoke and mirrors hiding the policy positions they preferred; the same can (and does) happen in business.