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That isn't a great reason to dump Tesla. A good reason to dump Tesla is that Ford and Toyota are poised to run them out of business. Between the fires and the "

That isn't a great reason to dump Tesla. A good reason to dump Tesla is that Ford and Toyota are poised to run them out of business. Between the fires and the "autopilot" crash issues and price and production delays, Tesla will end up going the way of the Delorian.

bilbo0s 4y ago
Just to be fair here, I believe dumping the stock of a company whose leader is acting so inexplicably that one can no longer be certain of his/her rationality is the right thing to do. I always say, no matter how much you have, it's tactless to throw away money. (Probably the more money you have, the more tactless and tone deaf the act of throwing away money becomes.) All that said, in this case, as you point out, there are multiple reasons to be dumping stocks of companies owned or influenced by this guy. At least until we have a better handle on what's going on. If nothing's wrong, we can always buy it back. But right now, very few of the market's concerns have much to do with politics. He's acting in an unpredictable manner just when the market appears to be entering a period of uncertainty. It may be because of his politics, but the market doesn't care about the why. Rational people are looking for some level of safety, stability and security at the moment. Unpredictable leaders who appear bent on market manipulation fly in the face of that.
reaperducer 4y ago
That isn't a great reason to dump Tesla. My money, my decision. Over the last 30 years, it's worked quite well for me. I also believe that taking advice from randos on the internet is not a sound investment strategy.
brandonagr2 4y ago
How is Toyota, who is widely known for being anti-EV and still trying to pitch hydrogen fuel cells, poised to run Tesla out of business? https://europe.autonews.com/automakers/toyota-pushes-back-against-criticism-about-pace-electric-vehicle-transition https://europe.autonews.com/automakers/toyota-pushes-back-ag...
nebula8804 4y ago
WHen the NY Auto Show rolled around this year I went straight to the Toyota booth to try out the BZX4 (What a stupid name now that I think about it) This car is the supposed Tesla killer. Take it from me, it is not. The interior is claustrophobic reminiscent of early Nissan Leaf. If you are 6'2 or taller, you are going to have a bad time. Its clear that center console was not tested by any tall person. There is nothing appealing about this car in my opinion other than the Toyota badge. It is ugly inside and out. It is neither a bog standard car(which a lot of people want) nor a stunning looking EV(which a lot of people want). It is the standard mismash OEMs have created int he past. They always make EVs "weird" when they don't have to be. Sure this car is going to sell out whatever limited production they can make because demand for EVs far outstrips supply but Tesla killer it will not be. For Ford I wonder about their cost structure. The teardown of their EVs indicate that they are still implementing old school thinking from the ICE world that adds unneeded cost to the sticker price. This is uncompetitive with Tesla long term. They need to really reform the organization and fast so their next gen EVs do better.
- dlp211 4y ago
  The F150 is the best selling vehicle in America. American's want an F150 the way it is today. They don't care about gross margins and doing it the most efficient way. And if they can get that F150 with a battery that saves them "oodles" in gas money, but delivers an otherwise same experience, you can bet your ass they will pay for it.
  - nebula8804 4y ago
    The F150 has its supporters but others can take the steps to cut their costs and as a result, make the F150 a harder sell when you have everything else as equal. I strongly believe the current demand for Lightning is partially due to scarcity of choice.
redler 4y ago
Delorean sold about 7,000 cars, total, in its existence. Tesla sold about a million last year. Regardless of how you feel about Tesla, it's safe to say it's now a major, fast-growing auto maker that's not going away.

bilbo0s 4y ago

Just to be fair here, I believe dumping the stock of a company whose leader is acting so inexplicably that one can no longer be certain of his/her rationality is the right thing to do. I always say, no matter how much you have, it's tactless to throw away money. (Probably the more money you have, the more tactless and tone deaf the act of throwing away money becomes.) All that said, in this case, as you point out, there are multiple reasons to be dumping stocks of companies owned or influenced by this guy. At least until we have a better handle on what's going on. If nothing's wrong, we can always buy it back. But right now, very few of the market's concerns have much to do with politics. He's acting in an unpredictable manner just when the market appears to be entering a period of uncertainty. It may be because of his politics, but the market doesn't care about the why. Rational people are looking for some level of safety, stability and security at the moment. Unpredictable leaders who appear bent on market manipulation fly in the face of that.

reaperducer 4y ago

That isn't a great reason to dump Tesla. My money, my decision. Over the last 30 years, it's worked quite well for me. I also believe that taking advice from randos on the internet is not a sound investment strategy.

brandonagr2 4y ago

How is Toyota, who is widely known for being anti-EV and still trying to pitch hydrogen fuel cells, poised to run Tesla out of business? https://europe.autonews.com/automakers/toyota-pushes-back-against-criticism-about-pace-electric-vehicle-transition https://europe.autonews.com/automakers/toyota-pushes-back-ag...

nebula8804 4y ago

WHen the NY Auto Show rolled around this year I went straight to the Toyota booth to try out the BZX4 (What a stupid name now that I think about it) This car is the supposed Tesla killer. Take it from me, it is not. The interior is claustrophobic reminiscent of early Nissan Leaf. If you are 6'2 or taller, you are going to have a bad time. Its clear that center console was not tested by any tall person. There is nothing appealing about this car in my opinion other than the Toyota badge. It is ugly inside and out. It is neither a bog standard car(which a lot of people want) nor a stunning looking EV(which a lot of people want). It is the standard mismash OEMs have created int he past. They always make EVs "weird" when they don't have to be. Sure this car is going to sell out whatever limited production they can make because demand for EVs far outstrips supply but Tesla killer it will not be. For Ford I wonder about their cost structure. The teardown of their EVs indicate that they are still implementing old school thinking from the ICE world that adds unneeded cost to the sticker price. This is uncompetitive with Tesla long term. They need to really reform the organization and fast so their next gen EVs do better.

dlp211 4y ago
The F150 is the best selling vehicle in America. American's want an F150 the way it is today. They don't care about gross margins and doing it the most efficient way. And if they can get that F150 with a battery that saves them "oodles" in gas money, but delivers an otherwise same experience, you can bet your ass they will pay for it.
- nebula8804 4y ago
  The F150 has its supporters but others can take the steps to cut their costs and as a result, make the F150 a harder sell when you have everything else as equal. I strongly believe the current demand for Lightning is partially due to scarcity of choice.

redler 4y ago

Delorean sold about 7,000 cars, total, in its existence. Tesla sold about a million last year. Regardless of how you feel about Tesla, it's safe to say it's now a major, fast-growing auto maker that's not going away.