TESLA is new and not everyone has one so of course rich people are going to brag about them. Doesn't mean its actually a good car.

Musk has made a fun car for rich people using large government subsidies and massive investor losses (running out to about $25K/car in losses without that aid). NoSoup4u is one of these people enjoying one of those fun subsidized sports cars for rich people. Pretty simple.

If Holmes had attached her fake blood testing kit to a broader set of working medical tools it wouldn't have been any less of a fraud.

The fact that Tesla sells real cars that sometimes work well doesn't mean FSD, solar roof, etc aren't pure fraud.

Yeah the billion+ they'd collected in FSD sales (which is separate to autopilot sales) is pure consumer fraud. Just like the emissions scandal for some major car makers was fraud even though they have a huge business actually making cars. People's brains fall out when it comes to Musk. I can't believe the stupidity of what I'm reading sometimes. I think it's just nerds who need a hero/father figure, hard to explain otherwise.

Reading this is highly enjoyable.

starlink might be out this year? thast crazy.

I was thinking the exact same and was looking at some news about it a couple of days ago. Cant wait to see its impact on various industries and restrictive nation states... global internet would be HUGE! Still waiting to see how it manifests itself initially but truly excited tbh.

Let’s not forget the robotaxis! That’s two huge releases we’re getting this year.

Bruh, its already global

Do you really think this will be an easy way to circumvent the current setup in China and North Korea? All those governments have to do stop the ground receivers being imported/installed. Its not exactly a tall order.

I have yet to get an accurate picture as to who will be buying starlink in mass? All I have so far are people road tripping in an RV and rich people in remote locations like Antarctica, rural Africa, etc. Major population centers have no use for it, they are either too poor or already have high speed internet.

Haha saying the Tesla isnt a good car is laughable.

Secondly, I love when people use the, “in ten years no one is going to want to buy X product or service,” as if the company will never change from its present state and strategy. Smh.

This is why we are horrible at predicting future events, we base all our predictions on presentism, and lack the imagination to see the exponential possibilities.

Anyway, Im not sure what people are betting on with Tesla at this point and price. That the Tesla will become as ubiquitous as the iphone? Its insane.

Yes, its basically creating a global ISP. Rural and remote areas will have internet as well as countries with poor infrastructure that cant or wont upgrade. It may be even be possible for an individual to operate similar to a satellite Dish-DirecTV. Even with your extreme examples, in China all you need is a VPN so its not going to change anything for those that want to circumvent and probably not worth getting killed over in NK.

Whether or not it will be initially profitable is another Q but I hold no TSLA stock and am more intrigued by its potentially synergistic effects with crypto decentralization.

Other big players are following so they must see value in it if they can deploy those satellites cheap...

will tsla be the first trillion dollar car company?

10s of thousands of low orbit satellites definitely seems like what the world is missing.

No but short clowns might be getting close.

iirc someone asked Musk or a SpaceX rep if Starlink would circumnavigate internet censorship (eg. great firewall or NK) and the reply was negative as it is easy for the country to neutralize the service.

some countries can already shoot down LOE sats too (at least US, Russia, China, India).

i dont think liberating people from censorship is part of the plan/business model.

short clown

Hey where's the trolly ******* that sucks at everything? +10% seems decent.

He probably can't afford basement internet anymore

Why are bears still so confident after getting completely owned in this stock in the past year?

This fraud talk has still not stopped. Instead of posting in this thread nonstop, people should look on the streets and see how many people have Teslas and ask them how much they enjoy the product.

It won't likely stop until there's evidence the fraud has stopped

That's a great way to value a stock

Because they secretly love getting pounded but they want to make it seem like they don't.

Tesla Model 3 production delayed in Shanghai because of coronavirus outbreak
https://edition.cnn.com/2020/01/29/t...rus/index.html

1.5 weeks atm

I'm the one doing much of the talking and I haven't gotten owned on anything the last year. I crushed Tesla. I liked it at short at $300 on demand death and long/cover short at $190 on demand recovery. I liked it long after Q3 earnings at $280. Only started liking short as it got to insane levels close to $500.

You realize Musk just admitted that his FSD "feature complete" claims were fraud? He literally just said that on the conference call two days ago - claiming that feature complete now merely means some non zero" chance of making it from home to work without intervention. And even that is a few months away. The fraud talk was reopened because he literally just admitted to fraud when he went begging for bonds mid year. How is this hard for you? Musk is driving this conversation by continuing to commit it, not me. If he stops committing blatant criminal fraud and outright lies to desperately pump his stock, I stop mentioning it.

His claims of 1 million autonomous robotaxis and "feature complete", which I said were fraud and many bulls believed to be possible and started buying on, are now confirmed fraud.

What does that have to do with anything? People liked their Teslas just as much and had almost as many of them when Tesla crashed from $300 to $180. Strangely, you weren't posting this argument then.

Your post amounts to "Elon Musk isn't committing fraud because stock price".

Apart from being completely comical, people had the same view on Enron, where the stock price soared as the fraud ramped up.

Is this the biggest bubble stock of the 21st century? I know dot com was 2000-2002 but I mean that started its rise in the 2000s. Besides anything housing/banking related before 2008. US only.

This is remarkable. Even if you think TSLA is going to be around long-term, 120B is just bonkers for a company losing this much money and questionable pathways to profitability.

Unless the rest of the auto industry truly is that hopeless when it comes to competing. Guess we'll findout sooner than later.

Auto makers all have a P/E of less than 10 and price to sales of less than 0.3 and divs of 6%+ because of the vast sums of capital required to run an auto business make them undesirable businesses. The return on capital is terrible and high multiples can't exist for automakers even with high levels of profit (VW makes 13 billion euros/year of pure profit for example, and is priced lower than Tesla).

Tesla's fair price including growth potential and potential side businesses is around $100, which gives it P/S of 1 and a P/E of 40 (assuming last quarter's profitability continues, which is a big if), 4x and 6x the industry which is appropriate given potential growth. The rest is pure fraud driven bubble.

Forecasting out 10 years, what net profit would justify the current stock price? How many cars and at what margin would need to be sold to achieve that net profit? Why do the bulls in this thread always decline to answer these questions?