Elon buys Twitter because he believes in unrestrained free speech, then proceeds to ban people from recommending Mastodon on Twitter, which is one of their competitors.

I think the guy is a hypocritical tool.

This is what autopilot is for, right?

This Week
Purchased more Tesla at $173
Shorted more GM at $39.36 and again at $41.95

https://techcrunch.com/2023/02/03/el...tweet-lawsuit/

I remember in May 2020 he tweeted that Tesla shares were overvalued. The shares immediatly dropped 10 percent. A total dick move to do to your shareholders who invested their hard earned money into the company, so Elon could sell the shares to build out more factories.

The shares recovered in 2020 because the Fed was doing QE infinity during Covid. In a recession when capital dries up and his shares tank I bet he won't be as cute.

As CEO tweeting that you think your shares are overvalued is market manipulation. You can short the shares before tweeting and make a killing.

No other CEO is that immature.

He didn't say they were overvalued, he said the stock price was to high. He said this on on 5/1 8:11, later he annouced a 5:1 stock split to lower the price of the stock, the stock split happened at 8/11.

He was just having some fun with wallstreet lacking basic reading comprehension and giving hints that are obv in hindsight.

Here is another quote you can try to interpret:
'Currently we don't deserve this valuation, but I think in the future we will.'

uh huh

I dunno how some of these guys are so rich, when I follow them on twitter, they seem wrong all the time.

it's other people's money and they just collect the management fee

Mark BS mostly manages his parents money. Who knows, maybe one day he will be vindicated!

I still don't like it, but haven't put my money against it.

Congrats to those that bought recently down near $100.

Purchased more TSLA last week at $216 and this week at $204. I seem to have hit the weekly highs on both weeks.

Imo Rivian is all that TSLAQ thought that Tesla was on steroids:

Rivian has reported their Q4 earnings.

Highlights:
• Revenue: $663 million
• Gross profit: -$1 billion. Rivian excepts positive gross profit in 2024.
• Q4 total operating expenses: $795 million
• Q4 loss from operations: $1.8B
• Net loss: -$1.72B
• Adjusted EBITDA: -$1.461B
• Net cash used in operating activities: $1.45B
• CAPEX: $294M
• Rivian ended Q4 with $12.1 billion in cash, down $1.9B from Q3 2022.
• Rivian expects to produce 50k vehicles in 2023, with $2B in capital expenditures.

Rivian guided for a -4.5B adjusted Ebitda loss for 2022. They ended up with -5.217B. They are guiding for -4.3B ebitda loss for 2023.
Tesla have never surpass an Ebitda loss of over -0.5B over a trailing 12M time frame. Just to point things in perspective. Rivian in 1 year have lost more money than Tesla have loss ever since IPO.

And actual competition(Cybertruck) is coming for Rivian at half the price, better performance, supercharger network and not going out of business.

Ouch Rivian… good night

The Rivian truck is pretty sharp though

Cyber truck is quite polarizing IMO… a little too much concepty to sell well

We will see. Preorders looking pretty strong though, around 1.8M according to:
https://docs.google.com/spreadsheets...#gid=982860347

So think they will sell what they can produce for at least a year or two...

I wouldn't put too much stock in that. It's only a $100 refundable deposit. Not exactly a huge commitment.

Purchased more Tesla last week at $206 and $190.
Purchased more Tesla today at $181.
I did a quick spreadsheet of all the different accounts and found
My Dollar Cost average over the last year (since I started buying Tesla) is $226/share.

Tesla was upgraded today to Investment Grade by Moody's.
Now institutional investors that were prevented from buying non-investment grade equities are hopping on board.
Purchased more Tesla today at $193.

How much stock WOULD you put in it? What is your estimate for reservation conversions?

Good man

For a truck that will never be mass produced?

https://www.cnbc.com/2023/03/22/ford...-business.html

surprised this wasn't posted here already

there was a lot of talk itt years ago that the other big automakers would catch up to tesla eventually, that seems like it just didn't happen

I remember reading in fortune or 1 of the biz mags a long feature on how GM was pivoting to EVs, this was back in like 2015. So it doesn't feel like they are so far behind because they just got caught with their pants down

https://www.reuters.com/business/aut...es-2023-04-02/

423k deliveries for Q1. Well behind pace from this "conservative" bear case, despite the massive price cuts. Forget $5, they'll be lucky to hit $3 EPS this year. So you're paying >60x earnings for an ex-growth car company with an aging product line, BYD eating their lunch in China, and FSD looking like more of a joke than ever. Good luck!