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Congrats to the whole Tesla team + SpaceX. Crushing things. It's taken a long time, but it's all starting to pay off.
by irjustin 7y ago
Congrats to the whole Tesla team + SpaceX. Crushing things. It's taken a long time, but it's all starting to pay off.
- m0zg 7y agoFor a while there it seemed like Musk would die from stress. He just looked like he's hanging on by a thread, which he probably was. He seems far more relaxed now - if I were an investor (I'm not - the company metrics are completely detached from its valuation), I'd consider that to be a good sign.
- agumonkey 7y agoYeah it's easy to forget how early Model 3 production days were still "Tesla won't survive" for most people. What a change.
- new_realist 7y agoHis pedophilia trial went full OJ Simpson; that must have been a relief.
- xkjkls 7y agoI don't think investment thesis based on the body language of the CEO are great ways to place your money.
- m0zg 7y agoGiven that if this particular CEO were to, like, physically die (or even just throw in the towel) _Tesla_ would immediately die, I challenge this view of the situation. Even in its current, more stable state, this is a good signal that things are going well - this is not something most people can fake, certainly not people "on the spectrum" like Elon.
- xkjkls 7y agoI would never invest in any company which the bus factor is 1.
- brianwawok 7y agoHow many billions were made off of Amazon with a bus factor of 1?
- xkjkls 7y agoI don’t think anyone who really understands Amazon would have ever claimed that they have a bus factor of 1. In fact, I don’t think much would have changed if Bezos retired a decade ago. There’s a reason there are two other Amazon CEOs.
- m0zg 7y agoNot really, no. I hope you don't have a large position in AMZN. It can only have a PE ratio of 82 because investors believe in the myth of Jeff Bezos.
- xkjkls 7y agoJeff Bezos could retire tomorrow and it would barely change the stock. Is it expensive? Sure, but it’s expensive because it has a wide variety of charismatic businesses, not Jeff Bezos.
- simonebrunozzi 7y agoEx Amazon here (AWS). Pretty much agree with your statement. Bezos "replicated" his management style extensively, the executive team in charge of that is called the "S team" (S = Senior), and I agree that Bezos retiring would not affect the company too much.
- xkjkls 7y agoIs it? They still lost close to $800 million this last year. And the company is growing slower than it ever was.
- primrose 7y agoIf they have a full year of profitability will you agree?
- taneq 7y agohttps://edition.cnn.com/2020/01/29/business/tesla-earnings/index.html https://edition.cnn.com/2020/01/29/business/tesla-earnings/i... Like this, you mean?
- xkjkls 7y agoThis is non-GAAP.
- xkjkls 7y agoYeah, I’ll definitely consider changing my mind. 2020 seems like a hard year for them to pull that off
- buryat 7y agowhat SpaceX has to do with Tesla's financial results?
- slfnflctd 7y agoI think they should buy this company [0] and sell the vehicle at cost (temporarily) to capture the lowest end of the market, too. [Only half kidding, I was sad to see this happen and couldn't find anywhere else to post about it in my limited free time.] [0] https://www.treehugger.com/bikes/want-buy-high-tech-low-carbon-electric-vehicle-company-organic-transit-sale.html https://www.treehugger.com/bikes/want-buy-high-tech-low-carb...
- wilg 7y agoHow profoundly silly!
- taneq 7y agoTesla's entire schtick is that they sell good cars that happen to be electric, instead of the deliberately wacky science project offerings that most companies try to sell. Those things basically look like a rehash of the Twike, which has been around since the 80s: https://en.wikipedia.org/wiki/Twike https://en.wikipedia.org/wiki/Twike
- leoh 7y agoSure, but if you could convince people to drive around in wacky science project offerings, it would be a hell of a lot cheaper, better for the environment, safer, and healthier.
- taneq 7y agoI'm not sure it'd be any of those things, apart from 'better for the environment'. The definition of 'good car' is largely defined by value for money, safety and healthiness for the occupants.
- dahfizz 7y agoFor the same reason apple doesn't have a cheap, low end iPhone. Tesla cars are nice cars. Polluting that brand with a cheap bicycle is a mistake IMO.