The follow up to that twitter post is even better:



https://twitter.com/CorpFin_Guy/stat...15696156114944

seems like it's about time for elon to get the hype cycle going again

Surely he can find some more light treason fraud to get another bounce.

I've only just today discovered BagHolderQuotes and good lord... people were really dumping their savings into MoviePass?

I would not call Solar City successful.

Ross Gerber is as clueless a person can be. Doesn't understand basic accounting / valuation. Can't believe people give him 800mm to invest. He also suggested Tim Cook would be a good contender for #2 at $TSLAQ

Within 10yrs from 0 to a 2bn+ market cap. VC land would call that successful irregardless of the underlying performance.

It isn't so much that SolarCity is successful or not, but that when it was demonstrably clear it was ready to fail, Musk convinced the board to acquire it. He basically said hop in, the water's fine. He either knew full well it was a terrible acquisition and didn't care bc the board (mostly overpaid family members?) is in his pocket and SolarCity is owned by family members, or he's incompetent.

It is my understanding that SpaceX is being run, competently, by someone other than Musk. As a result, it's doing great because Musk is playing the role he should play within that company and it works out well.

Tesla should do the same. I really do not understand why Musk doesn't just gtfo the way. Well, yeah I do. Although making cars is completely different from making rockets, the majors are basically creeping at a low speed until they see profitability. Tesla's massive head start (****ing ten years) and cult following is a heavy sword that could've at least carved out a profitable niche market at worst. They've all but dropped the sword. I feel like Tesla could've really hit a share price much higher than it is today if they'd have taken their time and just done things proper, not tweet promises that serve no purpose other than to disappoint. Whatever happened to underpromise and overdeliver? Like Grissom from CSI says, "If you want to go fast, go slow..."

Is this a new age of stock prices? TSLA, AMZN, NFLX...Companies priced on promise with many willing to bet on their future by overvaluing it today by conventional standards? Expectation of growth into valuation? Can these even exist if there wasn't a massive ten year GOAT bull run going on? I would imagine exorbitant wealth continuously dripping into ETFs and retirement funds float their prices higher than they should be too.

Man i though i suggested this account a bunch


Hilarious account

There is a tweet out there where he doesnt understand why a convertible bond trades diff than a standard one


He is amazing

@Lee_Saks
ELON MUSK SAID TO HAVE HEAD-BUTTED CAR AT TESLA FACTORY OVER FRUSTRATION: BUSINESS INSIDER

lmao

I thought this was a joke/parody. Alas, I was wrong:

This reads like tesla PR has just given up

The quality _must_ be terrible with Elon stalking the floor and so much pressure to get any car out the door, it's crazy.

umm.. why didn't the SEC do anything? was i just really naive about what these govt organizations do?

Investigations take awhile.

Jag i-pace now Audi E-tron, next year Porsche Taycan.

I wonder if Tesla even designing new models right now? When compared to e-tron/Taycan already looking dated and significantly worse range then the taycan/ipace.

Not one of those models will outsell Tesla S/X.

But how much market share will they take?

The S doesn't have a viable competitor yet but the X is going to be bitten into hard by those models. Every X is worth 3x or more a base Model 3 in revenue and >10x in gross profit and it's extremely expensive with many flaws. Nearly all reviewers (I say nearly all because maybe there's one I haven't read) prefer the iPace over the X, including many Tesla fans.

The ipace is significantly cheaper for a very comparable car. That's got to eat into their market. I was surprised to see the model X makes up ~40% of Tesla sales. I hardly ever see the model X, but the S seems to be everywhere.

What do you mean by market share? Like relative market share? Going from ~100% market share in the electric SUV market down to X%? I don't know, it's a completely useless metric in an exponentially growing market. Tesla will not make less money in absolute. It's absurd to think so.

I hope you know that this does hardly ever matter. What you are saying here is completely irrelevant. Plus, they don't have a charger network, they are not established as an electric car maker, etc. The number of times the iPhone has lost in reviews and yet is still highly profitable. This is such a useless metric.

Also, people go into a Tesla store and nowadays see cars for a budget a way wider budget range. Increasing electric competition is a non-issue for Tesla.

https://insideevs.com/efficiency-jaguar-i-pace-falters/

Talking about reviews.

This is an absolutely rave review and just makes my point:
The one fault? It has very slightly less efficiency than the Model X, which merely means very slightly less range. In other words, something that's totally meaningless.

Meanwhile, reviewers universally say that the ride and handling of the iPace is better than Teslas, and that the interior kicks the **** out of the $100K Model X for quality and luxury feel (that's what happens when non-cucks make cars).

You're in denial bro. The iPace is a far better car than X at a far lower price. And it's the first competitor of many. If you think that won't bite into Model X sales, you're delusional. And no, the market for $100K electric cars isn't growing, unlike the low end market which will grow exponentially. The high end is actually very small for reasons of pure economics, and Tesla have been relying on their monopoly in this niche for profit and revenue.

If we define making money as earning a profit of greater than zero, than this is 100% true.