3 ms·

this comment will not age well ... at the currently stock price of 900 dollars.

ncmncm 4y ago
You are correct: as soon as people get wise to Tesla's actual competitive position in the car business, share price will collapse. After that time, predictions of collapse will instead refer to past activity, and its subsequent future will be less predictable.
- misiti3780 4y ago
  So where do you think the stock price is going to bottom out?
  - ncmncm 4y ago
    Some reasonable multiple of actual net revenue. Not to zero, anyway. Soon electric cars will not be a novelty, and Tesla's poor build quality, poor reliability, and poor repairability will start to be remarked upon.
    - misiti3780 4y ago
      "Soon electric cars will not be a novelty" We are years away from that happening. And someone is going to have to start producing a lot more batteries before it happens. "Tesla's poor build quality, poor reliability, and poor repairability will start to be remarked upon." Where numbers are you referencing here. Just because a few loud people on the internet complain about these things doesnt mean it endemic. Is it not more likely that most Tesla customers are extremely satisfied with their purchase and just dont post about it online?
      - ncmncm 4y ago
        Consumer Reports put Teslas at the very bottom of their reliability ratings. Every professional car reviewer remarks on their poor "fit and finish". The number of people complaining that Tesla quoted them repair estimates for relatively minor failures exceeding the resale value of the car is disturbingly large.
- As_You_Wish 4y ago
  To be fair, I remember a long time ago that Musk said that he was creating the electric car to force other car companies to create electric cars, in order to help with climate change and all that. I specifically remember reading that while he wants the business to succeed, he would consider it a success if he got all the other car companies to go electric and he went out of business. Not that he would want to go out of business. I don't know how old you all are, but I remember when it first started, I thought it would go all John Delorean and be out of business in one or two years, and lo and behold all this time later. So I'm impressed. The guy is actually trying to do shit, as opposed to Jeff Bezos who all he is doing is attempting to ape Musk with the spaceship (what's happening with that now), and buying a $150 million Los Angeles mansion and making a massive yacht, and divorcing his beautiful wife and going out with that clown-faced nasty looking woman. $200 billion and she's the best he could do??? Bill Gates with his billions is just jerking off too. What's he doing?
  - ncmncm 4y ago
    True, billionaires are a plague. How many have provided any service proportional even to the square root of their hoard?
Terr_ 4y ago
"The market can remain irrational longer than you can remain solvent."
- ncmncm 4y ago
  Right, bets on the collapse happening at any particular time will lose. It will probably happen simultaneously with a bunch of other collapses. We are now in the position of Wile E Coyote having run off the cliff, but not yet looked down.

You are correct: as soon as people get wise to Tesla's actual competitive position in the car business, share price will collapse. After that time, predictions of collapse will instead refer to past activity, and its subsequent future will be less predictable.

misiti3780 4y ago
So where do you think the stock price is going to bottom out?
- ncmncm 4y ago
  Some reasonable multiple of actual net revenue. Not to zero, anyway. Soon electric cars will not be a novelty, and Tesla's poor build quality, poor reliability, and poor repairability will start to be remarked upon.
  - misiti3780 4y ago
    "Soon electric cars will not be a novelty" We are years away from that happening. And someone is going to have to start producing a lot more batteries before it happens. "Tesla's poor build quality, poor reliability, and poor repairability will start to be remarked upon." Where numbers are you referencing here. Just because a few loud people on the internet complain about these things doesnt mean it endemic. Is it not more likely that most Tesla customers are extremely satisfied with their purchase and just dont post about it online?
    - ncmncm 4y ago
      Consumer Reports put Teslas at the very bottom of their reliability ratings. Every professional car reviewer remarks on their poor "fit and finish". The number of people complaining that Tesla quoted them repair estimates for relatively minor failures exceeding the resale value of the car is disturbingly large.
As_You_Wish 4y ago
To be fair, I remember a long time ago that Musk said that he was creating the electric car to force other car companies to create electric cars, in order to help with climate change and all that. I specifically remember reading that while he wants the business to succeed, he would consider it a success if he got all the other car companies to go electric and he went out of business. Not that he would want to go out of business. I don't know how old you all are, but I remember when it first started, I thought it would go all John Delorean and be out of business in one or two years, and lo and behold all this time later. So I'm impressed. The guy is actually trying to do shit, as opposed to Jeff Bezos who all he is doing is attempting to ape Musk with the spaceship (what's happening with that now), and buying a $150 million Los Angeles mansion and making a massive yacht, and divorcing his beautiful wife and going out with that clown-faced nasty looking woman. $200 billion and she's the best he could do??? Bill Gates with his billions is just jerking off too. What's he doing?
- ncmncm 4y ago
  True, billionaires are a plague. How many have provided any service proportional even to the square root of their hoard?

Terr_ 4y ago

"The market can remain irrational longer than you can remain solvent."

ncmncm 4y ago
Right, bets on the collapse happening at any particular time will lose. It will probably happen simultaneously with a bunch of other collapses. We are now in the position of Wile E Coyote having run off the cliff, but not yet looked down.