Tesla shares going up...

BigBarney · Post by **BigBarney** » Wed. Jan. 08, 2020 3:24 pm

One day ago...

https://www.barrons.com/articles/tesla-stock-most ... 1578415861

Now...

https://markets.businessinsider.com/news/stocks/t ... 1028804022

More than GM and Ford combined...

https://www.reuters.com/article/us-usa-stocks-tes ... SKBN1Z72MU

Here's the future not the past...

BigBarney

Sunny Boy · Post by **Sunny Boy** » Wed. Jan. 08, 2020 3:37 pm

Have they reached 2 % of the market share, yet.

Paul

BigBarney · Post by **BigBarney** » Wed. Jan. 08, 2020 4:52 pm

World car market of 96M so 2% would be 1.96M

so no biggest only make < 11M cars

They will get the first M fast... China makes about 2x the US Production.

BigBarney

Sunny Boy · Post by **Sunny Boy** » Wed. Jan. 08, 2020 5:24 pm

Hummmm, 20+ years and EV's are such a good idea that they still haven't taken over a meaningful share of the market.

Ice cars and trucks, aircraft, computers, cell phones, and a lot of other technology, all caught on in less time than your "Here's the future".

Paul

KLook · Post by **KLook** » Wed. Jan. 08, 2020 7:25 pm

It is because of our antiquated and ignorant resistance to the finer points of the electric auto Paul. Today for instance I traveled over 100 miles and hauled cabinets to a job. My truck carried just one cabinet. I rented a gas powered Uhaul for the others and I still have to transport the doors and outside panels for the island and end cabinets. There is no electric vehicle available that could stand in. The rental truck only took 10 gallons of fuel, a bargain. I will not hold my breath for Uhaul to start providing electric trucks. Imagine the problems with maintaining a charge or charging for the power used? What condition is the battery? When do you replace it? Who will do it? What will it cost? Does the customer pay off peak rates? The list is endless.

Kevin

BigBarney · Post by **BigBarney** » Wed. Jan. 08, 2020 11:24 pm

Today my Tesla shares are up 107% not a bad return.

Cost was $240.56 / Share. Now $496.05.

BigBarney

KLook · Post by **KLook** » Thu. Jan. 09, 2020 8:00 am

Shares are up and they still cant produce cars or service them? Amazing.

Kevin

Post by **coaledsweat** » Thu. Jan. 09, 2020 8:08 am

It's magic!

Smells like Enron.

lsayre · Post by **lsayre** » Thu. Jan. 09, 2020 8:24 am

That's nothing. Bitcoin went from about 2-3 cents per unit to over $16,000 per unit in only a few years (and is still ballpark $8,300 per unit today). The utter irrationality of the human species is truly mind boggling.

BigBarney · Post by **BigBarney** » Thu. Jan. 09, 2020 12:50 pm

"Human Nature Never Changes"

This over rules all....

BigBarney

coalnewbie · Post by **coalnewbie** » Thu. Jan. 09, 2020 3:52 pm

BB it is all about image. In my younger years I thought Jaguar were really cool cars. I admit I was really stupid then (and now) and a victim of marketing.

BB, are you ready to admit that we are both stupid. Right now I am having a love affair with Mustangs and I am looking at the GT 500 (at 75 years old!!) .... Yep, I have the same stupid biases but I stop short in trying to ram my choices down a coal brothers throat.

BigBarney · Post by **BigBarney** » Thu. Jan. 09, 2020 11:10 pm

When you have the best solution it doesn't take much ramming.

Only trying to make out that legacy cars are better.

When young you do stupid things but age should improve your

selection of the best and leave the rest.

BigBarney

KLook · Post by **KLook** » Fri. Jan. 10, 2020 7:11 am

When young you do stupid things but age should improve your

selection of the best and leave the rest.

Mine sure has BB, I drive Ram trucks. They are the best 1/2 ton I have ever owned. No electric truck can compete.

Kevin

lsayre · Post by **lsayre** » Fri. Jan. 10, 2020 7:39 am

Just as for the entire market for US stocks in general, the case for the rise in Tesla stock valuation appears to be driven by pure momentum investing. This form of investing totally ignores any and all fundamentals, and only looks at exclusively upward stock price momentum as the justification for buying more stock. It is effectively the blind leading the blind, just as for house flipping and for Bitcoin and for all Ponzi schemes and for the "dot com" bubble. But some day reality always eventually wins out and valuations move away from blind momentum investing and toward values commensurate with fundamentals.

As to one fundamental, a quick look at the past 4 years indicates that on average Ford is generally showing annual income commensurate with roughly $1.50 per issued share, whereas Tesla is generally showing an annual loss of about $7.50 per issued share. Only hopium based momentum investing can drive anyone to push Tesla stock higher in light of its ongoing financial failure. The $7,500 in tax dollars (incentive) that one receives when they buy a Tesla is also an artificial stimulus, as are artificially low interest rates and Federal reserve QE.

Lastly, GM is on average making on average about $5 per issued share annually. To be fair, Ford and GM buyers should also receive $7,500 from Uncle Sam. Can you imagine what that would do to their sales volume, and what their earnings per share would look like then?

Sunny Boy · Post by **Sunny Boy** » Fri. Jan. 10, 2020 8:52 am

lsayre wrote: ↑
Fri. Jan. 10, 2020 7:39 am
Just as for the entire market for US stocks in general, the case for the rise in Tesla stock valuation appears to be driven by pure momentum investing. This form of investing totally ignores any and all fundamentals, and only looks at exclusively upward stock price momentum as the justification for buying more stock. It is effectively the blind leading the blind, just as for house flipping and for Bitcoin and for all Ponzi schemes and for the "dot com" bubble. But some day reality always eventually wins out and valuations move away from blind momentum investing and toward values commensurate with fundamentals. ................................

Like all those that "invested" in Cabbage Patch Dolls".

Paul