Oh yeah, once it did all those raises/got Chinese money it was never going to bankrupt any time soon (it can't). The company isn't profitable by the way, and massively losing money when you remove their FSD pure fraud which has brought in billions.

When they grow into a large carmakers they deserve being valued the same as maybe Ford, which is $30 billion usually, or 4% of Tesla's current valuation

8 years of bears being wrong

i dont think a 90% drawdown starting tomorrow would even make it a win for them

"Elon Musk’s SpaceX hits $100 billion valuation after secondary share sale."

If FSD works, and nobody else makes it for many years, then today's valuation is totally reasonable.

But I saw a video of the recent beta where it stopped at a stop light, waited a few seconds, and then started going again while the light was still red. So I don't think FSD will work when it can't get that right.

Meanwhile GM's Cruise just got a license from the CA DMV to use actual robotaxis w/o human backup driver. Which is why I'm finally short TSLA - the story is about to change.

How does GM's Cruise change the game? There are plenty of reasons to be short Tesla at this valuation - I'm not sure a new competing autonomous robotaxi service is one of them.

If you're betting Uber and Lyft vs Cruise and Waymo, I'm not sure Cruise or Waymo get there even 5 years from now. Fault Uber for many things, but offloading the entire service, insurance, and maintenance infrastructure on unsuspecting driver-partners is an all-time brilliant business decision. It allowed Uber to scale globally at light speed and at little cost to Uber.

You're missing the point--it's not about Cruise vs Tesla; it's about sentiment and the story. Sentiment is everything with this scam. Other companies releasing actual robotaxis, combined with the ongoing shitshow that is the FSD Beta rollout, might shift sentiment to the point it could galvanize regulators to shut it down and/or fanbois turn against the company.

I agree that the fanbois may be getting restless but Tesla's rollout of tiny increments of the FSD equipped cars (100% driving scores only for this wave) appeased some of them. They already spent $10k on FSD - a lawyer going to trial and not settling would cost oodles more than that.

NHTSA and the NTSB are the more worrisome problems for Tesla - it's pretty much the wild wild west out there for autonomous regulations. The states are doing this piecemeal and the chances of federal AV regulation being passed by our friendly congressional representatives any time soon are slim.

I would only retort that Autopilot has been around for 7 years and FSD for more than half of that time - NHTSA has done nothing in that time but make strongly worded statements.

Does any TSLA bears actually drive a tesla? It's legit

Sounds funny but I can see scenarios where driving a Tesla whilst shorting the stock could be reasonable.

That's not how class action lawsuits work.

So why haven't they actually filed suit yet? It's been 3 years.

There are more true believers in Elon than there are plaintiffs.

Old legal trope: People who say they'll sue me vs. people who actually litigated and served me papers; there's little overlap on that Venn diagram.

Because they still believe in "the mission" (mainly the stock price). Once a critical mass have given up hope, the lawsuits will be quick to follow.

I'd be surprised if more than one law firm hasn't already sent out feeler letters.

Could Q4 be the top what with Elon selling alot of his options this quarter (his words a few weeks ago)?

Also this very anti TSLA person has been appointed number 2 at NHTSA lol

https://twitter.com/SawyerMerritt/st...67901669433349

delusional....

Car rental company Hertz has ordered 100,000 Tesla vehicles.

market seems to think that's good news?

marketcap up~$50b on a ~$4b order.
will be interesting to see how they convert that order into free cash flow to the shareholders at a 1250% margin.

Hertz orders 100,000 Teslas in deal reportedly worth $4.2 billion

It’s the single largest order of electric vehicles
Oct 25, 2021

Rental car company Hertz has ordered 100,000 Teslas as part of an ambitious plan to electrify its fleet. A first tranche of Tesla’s Model 3 sedans will be available to rent from Hertz in major US and European markets from early November...

...Hertz went into bankruptcy in May last year after the car rental market was hit hard by the pandemic. The company, which is more than a hundred years old, was eventually re-financed to the tune of $5.9 billion by investors led by Knighthead Capital Management and Certares Management. According to Bloomberg, Hertz now plans to electrify nearly all of its roughly 500,000 cars and vans, with the Tesla order comprising a significant first chunk...

...Hertz’s interim CEO Mark Fields said: “Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest. The new Hertz is going to lead the way as a mobility company, starting with the largest EV rental fleet in North America and a commitment to grow our EV fleet and provide the best rental and recharging experience for leisure and business customers around the world.”...

No cracks.

oh look, the ceo agrees with me

it can be both good news and something that maybe should not move the market.

The good news for Tesla is that this is huge validation for the use case beyond their normal type buyer. Rental cars are a big segment and often introduce people to different cars they have never driven prior that they may buy in the future.

So this could translate to a significant stream of new buyers in the future.

Also it could pressure other big Rental car firms to follow suit and even if not Teslas, Tesla will benefit if the entire industry benefits.

the drawdown was once again an excellent buy signal

Does anyone have a decent estimate of how much cash Tesla has spent versus how much revenue it's produced for all time? Are they still many years away from being a net-positive enterprise? It'd be great to get a breakdown of it that shows their earnings that include subsidies (EV tax credit, carbon emissions credit sales) and earnings from non-government-aided sales.

Bro, who cares TSLA is so removed from any kind of fundamental analysis. It's going to da moon - Musk to be first trillionaire in history. Yes I still think they are a fraud and this is absurd but am also thinking of six figure position (first buy for me) as this will never end