Tesla, the investment

[Panscan]

Raises discount to 7500 for deliveries between now and New Years. There is 0 demand. I can get nearly any Tesla I want today. It’s over.

demand scheme has rapidly , rapidly shifted. Trying to inflate 4th Q numbers which are going to be abysmal.

[Tim]

Better in every way. By give up the reigns I mean put other people in charge and completely step away and become a silent owner. This isn’t anything personal on him. He’s a dreamer and creator but he’s not a business man. He needs to move on to his next creation.

Maybe. I have changed my view of Elon from a business perspective. I think his business (Wharton) and physics (Penn) degrees gave him a foundation. In his roles with Tesla and SpaceX he is delegating and keeping out of the daily operations.
No “businessman” for Tesla would have approved a budget for a “Concept Vehicle”. Tesla needed designs for moving into production to capture leads in market segments.
CyberTruck was a concept vehicle. Radical design with little chance and NO capacity to build it.
Master marketer, he didn’t call it a concept vehicle for the auto shows. Low budget “future product launch”. Brilliant.
I see zero evidence that Tesla isn’t being run as a business.
•self driving had been the “dream” sold to customers and investors. With competition for EV’s I don’t see that currently as factor for market share. It will be discussed, but not a factor. Still more of a “Concept”. Again. a businessman probably would have shied away.

My take is there is still a role for Elon and he has hired businessmen to run the businesses.
I don’t care that they don’t get pub, I care about performance.

https://www.cnbc.com/amp/2022/09/23/elon-musk-direct-reports-at-tesla.html

At first glance 20 direct reports is unwieldy. A flat organization has huge benefits. It forces groups to work together. If you spend limited face time on “turf wars” you will be gone. At some point, Elon will reduce 20 direct reports.
Did you realize some direct reports the only purpose is to provide unfiltered info, not supervision. The indirect reporting relations run the business.

[Tim]

Raises discount to 7500 for deliveries between now and New Years. There is 0 demand. I can get nearly any Tesla I want today. It’s over.

demand scheme has rapidly , rapidly shifted. Trying to inflate 4th Q numbers which are going to be abysmal.

This illustrates the problem with public reporting.
One qtr does not make a year
One year does not make a 5. 10 or 20 year span.

But they add up in the rear view mirror. The financial numbers don’t telll you the future.

[xraygoggles]

Dude having some sort of mental breakdown - going full mask off & alienating ur base.

[StarTrekDoc]

Just took a peek at inventories after the $7500 incentive started.

No 3 or Y available 200miles of us. --- that lots of people simply were sitting on sidelines until Jan1 for the incentives to kick in. -

Will be interesting to see how this affects the end of quarter earnings and margins

Will be very interesting to see how qtr 1 sales go with rampup Texas in full force.

[Panscan]

Another week, more air let out of bubble.

[xraygoggles]

The momentum is DownOnly rn, but who knows when/where it will stop. I imagine IF it got below 100$, many people who haven't capitulated yet surely will.

[Panscan]

Another day, another 9% loss

[CordMcNally]

I think a more realistic rough price is probably in the $20-$30 range based on market caps.

[xraygoggles]

Member when we thought Elon was a "genius" - turns out it was all 'Fed go brrrrrr'.

Dude went from Tony Stark to Marjorie Taylor Greene - complete mask off moment.

[uksho]

I want to thank this forum and Bogleheads.
I am mostly in index funds , but always had an itch to buy some individual stocks . So invested 0.5 percent of my retirement account ( not networth) in Tesla. Not at the Peak , when it was $250 .

Had never seen Bear market ( briefly during Covid), so looked liked everything will just go up . This market makes me feel better that I stuck to index funds

There were so many articles about Tesla prices going up and people making insane amount of money , I wonder how those people are doing ? Or they sold , leaving others holding the bag .

[Panscan]

Down 40% in a month. Incredible.

[CordMcNally]

Down 40% in a month. Incredible.

People that bought 3 years ago have still 3x-4x their money.

[Panscan]

People that bought 3 years ago have still 3x-4x their money.

And everyone else since then?

[StarTrekDoc]

Speculation stock. Always has been. One stock we never got into despite owning several of their products.

Amazon had lofty valuations too being only real online 800# gorilla with warehousing. ebay/walmart/target survived the punch and regaining market share taking the shine off Amazon

Tesla no different with VW, GM, and Ford taking the initial gut hits. 2023 will be interesting to see as market share erodes for Tesla and they will be forced to price adjust for losing their very healthy margins as the legacies catch up.

The question for Tesla is can it pivot like Southwest did to become a staple carrier or will Tesla fade like Netscape, etoys, myspace, or implode like Enron?

[getting popcorn out]