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So let's look at the Q1 report: https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf https://digitalassets.tesla.com/tesla-con

by csomar 3y ago

So let's look at the Q1 report: https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf https://digitalassets.tesla.com/tesla-contents/image/upload/... - Total revenue is down 9% yearly and worse quarterly. - Service revenue is up 25% yearly. Milking current customers. Nice. - Quarterly profit down 55% yearly and 80%+ quarterly. hmm. - Operating cash flow disappeared. Free cash flow at -$2.5 billion. It's not like interest rates are low... - Stock is up 11.5% pre-market because Musk said that Tesla is moving to the tight margin market (low cost EVs). Makes sense huh? The stock market/US economy is now a confirmed meme/ponzi scheme.

piva00 3y ago
Seems like big investors also fall easily for the Sunken Cost fallacy. Instead of a fire sale as we'd expect they prefer to trust yet again Elon's words, the same person saying that FSD will become a reality in the next 3-6 months for the past 8 years... My belief is that Elon himself is in a tight spot now, if Tesla's financials continue to falter he will lose the last bit of trust which will probably unwind it all, probably including ouster him as CEO. He keeps promising dreams (FSD and robotaxis, Cybertruck, etc.) and not delivering them, instead he's losing public trust and respect, at some point the chickens will come home to roost.
rsynnott 3y ago
> The stock market/US economy is now a confirmed meme/ponzi scheme. I mean, I'm not sure how you can go from "the stocks of this one weird company behave irrationally" to "the US economy is a Ponzi scheme". Bubbles are basically as old as markets; meme stocks (which arguably Tesla is now an example of) are a somewhat newer concept, but are not a _big_ part of the market. The existence of things like TSLA demonstrates that the markets aren't the sort of spherical-cow perfect efficient markets that, say, the weirder varieties of libertarians believe to exist, but everyone pretty much already knew that anyway.
guax 3y ago
Stocks are horse betting at short term. Always have been. People will buy and sell short term based on triggers that cause the stock go up or down and that's enough to move the price in that direction. Sometimes that trigger is disconnected to reality.

by csomar 3y ago

piva00 3y ago

Seems like big investors also fall easily for the Sunken Cost fallacy. Instead of a fire sale as we'd expect they prefer to trust yet again Elon's words, the same person saying that FSD will become a reality in the next 3-6 months for the past 8 years... My belief is that Elon himself is in a tight spot now, if Tesla's financials continue to falter he will lose the last bit of trust which will probably unwind it all, probably including ouster him as CEO. He keeps promising dreams (FSD and robotaxis, Cybertruck, etc.) and not delivering them, instead he's losing public trust and respect, at some point the chickens will come home to roost.

rsynnott 3y ago

> The stock market/US economy is now a confirmed meme/ponzi scheme. I mean, I'm not sure how you can go from "the stocks of this one weird company behave irrationally" to "the US economy is a Ponzi scheme". Bubbles are basically as old as markets; meme stocks (which arguably Tesla is now an example of) are a somewhat newer concept, but are not a _big_ part of the market. The existence of things like TSLA demonstrates that the markets aren't the sort of spherical-cow perfect efficient markets that, say, the weirder varieties of libertarians believe to exist, but everyone pretty much already knew that anyway.

guax 3y ago

Stocks are horse betting at short term. Always have been. People will buy and sell short term based on triggers that cause the stock go up or down and that's enough to move the price in that direction. Sometimes that trigger is disconnected to reality.