TSLA showing cracks? - Page 524 - Business, Finances and Investing Forum

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08-29-2020 , 01:53 PM

#13076

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

Nope, don't see that happening. Bezos seems more obsessed with improving amazon, not fiddling with stock splits that don't really accomplish anything.

Quote

08-30-2020 , 10:54 AM

#13077

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,806

Bezos is making so much money he can spend all his time focusing on self driving and Amazon healthcare. When those two things are possible he will become a trillionaire.

Quote

08-30-2020 , 08:07 PM

#13078

kustard

centurion

Join Date: Jul 2014 Posts: 121

I really don't understand the appeal of self driving cars especially in mass.
People don't like wearing masks (i'm not in that crowd). You would think they
would want to preserve the freedom that comes with driving. How the hell you
going to rob a bank or randomly drive out in the desert, make out in the backseat...
Driving, imo, will always be something a human does better when applying themselves than ai.

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08-30-2020 , 08:50 PM

#13079

Mr Spyutastic

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,531

Quote:

Originally Posted by kustard

I think once the technology, infrastructure and accessibility get there and are in alignment it's going to take over and be a no brainer.

Your statement kind of reminds me of that scene in Back to the Future III where Marty was trying to explain modern transportation to those cowboys and they said "So when do people walk?" and he replied, "Outside for fun." and they all started laughing at him.

And no way a human will be better at driving than an AI.

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08-30-2020 , 10:04 PM

#13080

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Self driving will open up endless travel possibilities. It will be a game changer for travel, commuting, safety, and entertainment for anyone not living in a city center.

I've aways envisioned that when it became a reality I'd buy one of those pimped out Mercedes Sprinter vans to live/travel out of. Work and sleep while the van drives your home all around the country and arrive rested and having put in a full weeks work.

Unfortunately by the time it actually happens I'll probably be too old and complacent, or dead.

Quote

08-31-2020 , 01:29 AM

#13081

fakekidpoker

old hand

Join Date: Jul 2011 Posts: 1,269

Quote:

Originally Posted by Love Sosa

Nope, don't see that happening. Bezos seems more obsessed with improving amazon, not fiddling with stock splits that don't really accomplish anything.

So he doesn't care about the prestige.

Anyway omg it splitting day... Stocks right now will be 443... Where will they be at during close?

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08-31-2020 , 02:05 AM

#13082

RolldUpTrips

old hand

Join Date: Oct 2006 Posts: 1,348

Quote:

Originally Posted by kustard

Except that AI is already way way better at it. Look at miles driven/death for AI vs humans, it's ORDERS of magnitude apart.

Quote

08-31-2020 , 10:25 AM

#13083

NLSoldier

Carpal \'Tunnel

Join Date: Feb 2004 Posts: 24,252

Quote:

Originally Posted by kustard

this take is beyond absurd. you will literally be able to makeout in the backseat while the car is driving itself lol.

Quote

08-31-2020 , 10:30 AM

#13084

rickroll

Questionable Taste

Join Date: Aug 2011 Posts: 26,134

Quote:

Originally Posted by NLSoldier

this take is beyond absurd. you will literally be able to makeout in the backseat while the car is driving itself lol.

it'll save a lot of lives too https://www.nydailynews.com/news/nat...icle-1.2510561

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08-31-2020 , 10:45 AM

#13085

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

I don't usually buy Tesla options much since the price has been over 1000 and it seems the prices have gotten ridiculous, but stock up 6% and the weekly options that just went in the money or slightly out of the money are only up 30%, the 500 call is down. Looks like selling Tesla options is actually free money.

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08-31-2020 , 11:11 AM

#13086

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

up 10% and gonna rip through 500

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08-31-2020 , 11:23 AM

#13087

Mr Spyutastic

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,531

Actually was up 60% so made sense to close and just open new ones.

Got almost the same price again at $470 strike.

Quote

08-31-2020 , 11:29 AM

#13088

DeezNuts

veteran

Join Date: Sep 2002 Posts: 3,016

Quote:

Originally Posted by Xkf

up 10% and gonna rip through 500

I mean, this has to be close to the top, right? I just don't know what the catalyst is for retail to sell in the short term.

Quote

08-31-2020 , 11:33 AM

#13089

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Quote:

Originally Posted by DeezNuts

I mean, this has to be close to the top, right? I just don't know what the catalyst is for retail to sell in the short term.

I don't know, I've also been tempted to short but TSLA has a seemingly endless bag of pump-inducing news with the fabled battery day still coming up, it also probably wants to hit $500B market cap.

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08-31-2020 , 11:36 AM

#13090

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 23,767

There is a real belief among Tesla fanboys that battery day is going to turn them into a trillion dollar company by cornering the car battery market

Bought a 9/4 500c for 6.75 this morning

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08-31-2020 , 11:40 AM

#13091

BooLoo

adept

Join Date: Oct 2013 Posts: 945

why would this be the top?
stock split created ~$200b out of thin air.
they will just keep pumping battery day and sp500 inclusion.
there's always a greater fool until there isn't. i don't think we're there yet.

Quote:

Originally Posted by karamazonk

it also probably wants to hit $500B market cap.

fully dilluted market cap is above $500b as of today. most likely even higher, since we're 2 months into the quarter and they are handing out stockbased compensation like candy.

Last edited by BooLoo; 08-31-2020 at 11:56 AM.

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08-31-2020 , 11:58 AM

#13092

ChipRick

Pooh-Bah

Join Date: Sep 2007 Posts: 4,186

Quote:

Originally Posted by kustard

Should have stopped after word #4

Quote

08-31-2020 , 11:59 AM

#13093

fakekidpoker

old hand

Join Date: Jul 2011 Posts: 1,269

Jesus

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08-31-2020 , 12:02 PM

#13094

JohnCleese

old hand

Join Date: Aug 2012 Posts: 1,935

Woke up this morning and my phone said Tesla down 79%.

Quote

08-31-2020 , 03:52 PM

#13095

jonnyman34

adept

Join Date: Nov 2010 Posts: 883

Unbelievable run for Tesla. Stock is about to break $500 post-split.

Really happy I didn't short this stock on the way up, even when it looked super +ev. No end in sight either for this rally.

At this point, what would Tesla have to achieve to justify this market cap valuation?

Quote

08-31-2020 , 03:57 PM

#13096

Pinkmann

old hand

Join Date: Nov 2014 Posts: 1,496

Make its 40x fwd earnings, and if it doesn't just keep saying that the next big thing is 2 years away

Quote

08-31-2020 , 04:05 PM

#13097

Bram90

journeyman

Join Date: May 2010 Posts: 264

Quote:

Originally Posted by coordi

Bought a 9/4 500c for 6.75 this morning

Potentially off-topic beginner question, how do you determine or estimate if you are buying at a good price?
Thanks

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08-31-2020 , 04:19 PM

#13098

BooLoo

adept

Join Date: Oct 2013 Posts: 945

Quote:

Originally Posted by jonnyman34

At this point, what would Tesla have to achieve to justify this market cap valuation?

if they are just a car company, which is how they basically make all their revenue right now:
be the only car company in the world

Quote

08-31-2020 , 04:20 PM

#13099

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

Quote:

Originally Posted by jonnyman34

Basically dominate the electric car market through the world. If you watch solving the money problem YouTube videos, the guy seems to think there will be no competition and thinks they can execute on a level where no other companies will be able to compete or come near their level.

He is a bit irritating to watch, but I find it fascinating and now he is completely blind to any potential issues with the company and is just pumping the stock 2 times a day with videos now. But anyways, if they do what he thinks they will do, then maybe they can be worth their stock price ?