Amazon is a horrible comparison. Amazon literally delivers

We are talking AMZN 1999 here. There were a lot of companies promising a lot and most of them failed.
2T Amazon is a fluke.

Elon Musk says he's sending Jeff Bezos a silver medal and a 'giant statue' of the number 2 after surpassing him again to become the world's richest person


- Elon Musk has again passed Jeff Bezos to become the world's richest person.

- He told Forbes he'll mark the occasion by sending Bezos a silver medal and statue of the number two.

- The two have taken swipes at each other for years as part of their ongoing rivalry.

Its funny because hes probably not even in the top 5

American media loves to pretend like the middle east doesn't exist

Side track, but close enough on topic to silver trophy,

Bezos dead last in the space-peening contest optics. I actually like all these characters, fun to watch, but Branson marketed his trip 100x better than Bezos and Musk actually put people in orbit. Bezos gets distant 3rd out of 3.

Bezos will win long term.

amazon has a lot more market dept than TSLA. no contest who could actually sell their stake for more.

https://www.jurist.org/commentary/20...mous-vehicles/ makes a very strong case that FSD should be classified as a Level 4 autonomous technology.

Sure looks like Tesla is getting backed into a corner with FSD Beta--they're trying to keep the dream alive by telling fanboys that they're testing level 4/5 autonomy, while at the same time telling regulators that it's only level 2 (and therefore not subject to any extra regulatory oversight). Honestly I don't see how Musk can weasel his way out of this one; something's got to give. I've got my popcorn ready.

He'll find a way. That guy is tilting af but a scam genius

Tesla delivered 241,300 vehicles in the third quarter, topping expectations

• Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company said Saturday.
  
• Analysts predicted that Tesla would deliver around 220,900 electric cars during this period, according to estimates compiled by StreetAccount as of September 30.
  
• The company produced 237,823 cars in the period ending September 30, 2021, Tesla said in its report.
  

https://www.cnbc.com/2021/10/02/tesl...y-numbers.html

Question for the bears: what information would cause you to revise your bear case on Tesla, admit you were wrong, and turn bull?

I think I speak for a lot of bears when I say I'm a bear mostly because of the valuation. $775B is lolwat, and half that would probably also be.

The problem is the fsd scam. That has to come home to roost eventually. Assuming he doesn’t bink fsd the company isn’t investable with that hanging over their head.

I think as long as Tesla gets to 1 million robotaxis on the road by the end of 2020, they will be appropriately valued.

Well the bear case is more correct than ever (as in, you'll make a fortune short), so why would you revise it? Maybe the 6 months or so before Musk did the "1 million robotaxis in 2020" massive fraud was a better short, I don't know.
Musk was on the verge of ruin (by his own claims) before he did questionable deals with the Chinese for endless money and did his "1 million robotaxis in 2020" fraud, so the bear case was correct. He hit a one outer with an audacious scam and endless Chinese loans for God knows what he gave away.

So by Musk's own claims the bear case was excellent.Unless he's a liar?

Why would you be bullish on a company that's 500% overvalued in the most insanely bullish scenario imaginable?

I'd turn bull if Tesla went from $800 billion market cap to $20 billion market cap I guess? If that answers your question, just like I turned bull when Tesla was in the pits of despair with demand death right before the robotaxi fraud.

As an archetypal scam tesla isn't valued for what it does but for what its followers want it to be

These responses are more measured and reasonable than I'd expected.

Is $TSLA a slam dunk short now? Or is there scope for a lot more stupid? If you're short now how are you structuring it?

There's always a lot more stupid to come. Until there isn't.

My TSLA brainwashed friend (he is waiting on 30k of powerwalls to be installed at his house lol) bought FSD in 2018. Anytime I mention how FSD is a scam he says no it is "months" away from actually working properly. He paid I believe $7k for it and it is total vaporware....basically is an adaptive cruise control which you can get on most cars now. But hey he used summon a couple times

I'd rather be short TSLA than long, but I think both are bad bets when adjusted for risk, and neither is anywhere close to a slam dunk. The base of irrational money is so massive for the stock; there are Musk devotees in so many highly influential positions (tech, US gov't, foreign gov't); it has endless ability to raise capital. To short this stock, you're vulnerable to gov't subsidy/regulation windfalls, new hype cycles ("Tesla is getting into the $100B tire market with new sustainable technology," e.g.), and the systemic issues hanging over the financial system (if the USD inflates, stock prices rise accordingly, and your short gets screwed). And this new meme/wsb element to investing has made shorting all the riskier. It's unfortunately an appreciable tail risk that some r/wsb mods decide to declare TSLA is going to the moon, and the stock doubles in a week. The fact that GME and AMC are still trading an order of magnitude over the sane bull-case valuation has to give anyone shorting a memeable stock pause.

WSB doesn't have that kind of power. Look at GME, AMC, etc...they top out at around $30 billion and all the meming in the world can't get them higher. There isn't anywhere near enough buy power there to put Tesla up 10% let along double it.

They probably don't have the wherewithal to double the stock, but I estimate it's an appreciable risk. Retail absolutely moves the market, and I expect there are legions of people—including hedge fund managers—keeping tabs on r/wsb, waiting to take advantage of the next big thing. The vast majority of even wsb subs missed GME, and thought it was a fluke. Then AMC showed it wasn't just a fluke, but most people missed that, too. Now with two solid proofs of concept, it's at least conceivable that they'd try going after a megacap—especially the most memeable one, headed by a man they deify. I think if tomorrow the subreddit were wall-to-wall with "TSLA to the moon!" threads, and the stock moved an initial several percent, it could well cause a frenzy of FOMOers and hedge-funders to spike it up 100%.

Anyway, I saw this story today and it was good for a laugh:

i'm sure that must be an isolated incident.
shareholders can sleep easy knowing there won't be any more expensive legal cases in the future of this honest and upstanding company. /s

I've changed my mind about Tesla. I think it is going to be around for the long haul. I still think it is over priced, but I don't think shorting it will pay off. FSD and robo taxis aren't a thing but so what. People will continue to purchase Tesla cars regardless and the company is now profitable and growing. Maybe buy BABA stock instead, while it is still low.