One way have maybe been keeping my investing nice and simple is by sticking with companies who are turning a profit
Although these days, do still have to worry about the market overall - and so have been reading a bunch of stuff. Have become quite fond of the articles over at Seeking Alpha, and they seem to have quite a bit of coverage of TSLA ...
Can maybe understand why Tesla gets so much attention - they sought to bring electric cars to the masses, when it wasn't clear that would be possible to do profitably? And in doing so, they really moved the world forward with a giant technological leap. Was in California over Christmas, and it was really neat to see a community embrace new technology with investments in infrastructure to support the shift towards clean energy - there were free charging stations in a lot of public places, like at the airport and certain shopping malls. For some reason, forgot to take pics while there, but managed to find a bunch on the internet of how different things look like in places where electric vehicles have been embraced ...
Apparently California sells carbon credits to companies who emit greenhouse gases, and they've been using the proceeds to pay for stuff like charging stations and electric car rebates. Which is nice, because isn't that supposed to be one of the justifications for government - that the world is better off when companies are required to pay for their pollution, and that companies who offer better alternatives should be offered subsidies for not costing the government cleanup costs? Were electric car programs also getting more help from the Federal goverment when Obama was President? If so, that's unfortunate that extra funding has dried up while Tesla's still struggling to become profitable ...
Saw this article about TSLA from David Einhorn, who plays poker sometimes when he's not running his hedge fund
It's interesting, because apparently GM developed a working electric car in the 1990's, and wound up shelving the program because they felt it wouldn't be profitable. Which opened the door for Tesla to make this giant technological leap forward of bringing electric cars to the masses - but at the end of the day, guess Elon Musk does also have to find a way to turn Tesla into a profitable venture ...
Will be quite interesting to watch and see how things unfold! Maybe costs may come down as more resources are devoted to improving technology? But wow, things sure don't sound good right now for Tesla with their roll-out of their new more affordable Model 3
Guess people will be watching to see how much progress Tesla is making towards increasing production, and will be viewing increasing setbacks as signs that Tesla may not be moving in the right direction towards profitability?
Have never invested in TSLA, and likely won't in the future - but the idealist in me would kind of like to see a company that took a chance on doing something financially risky have things turn out okay. On the other hand, there was someone posted an article on Seeking Alpha today who says that TSLA may have done some creative accounting to get their stock price to rise in the past - which is really not cool! (The Technicals Of Tesla:
https://seekingalpha.com/article/415...chnicals-tesla) If Tesla wants to see their share price rise, they'll have to improve their production efficiency - not sure what their chances are, but things really don't sound so hot for them right now!
Electric cars have been the biggest change to happen to cars in who knows how long - will sure be interesting to see how things go for Tesla with this new Model 3 ...
PS. The Seeking Alpha article's hilarious, for anyone who likes TA - the author writes about his 2yr long attempt at trying to turn a profit shorting TSLA, and he makes comics out of his charts and graphs
PPS. Happy first day of Spring! Not so spring-like just yet in my neck of the woods, but hopefully it won't be too much longer
Last edited by TrustySam; 03-21-2018 at 01:34 AM.