Tesla 2023

VicBee said:
I base my projections on historical trends, what pushed the stock up or down, and what's in the pipeline for Tesla in the short (weeks to months), mid (3 years) and long (5+ years) term.
I don't believe or care if TSLA hits 1000 in 10 years. I care that it hits 500 (or split equivalent) in 2025, and I'm on record in a previous post for that projection (and 400 in 2024).
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Down 5% Friday, up 5% today.
LOL
Why?

Long term... I believe in Elon... but near term, I summed this up for everyone here in the last sentence of this post.

The last two days... are perfect examples.

vanzandt said:
TSLA stock has never been a stock that trades logically.
Watch what happens when it starts creeping up.
The higher it goes, the more shorts that will pile on.
Regardless of the number of shares outstanding because of splits, history has proven the deep pocketed whales can run this thing to the moon on the backs of shorts.

Lets put all politics aside... it may go lower... but it will bounce, and when it does, those of you that have been around awhile and know how the game of algorythms with deep pockets work, know that the trap will once again be set.

If folks want to see TSLA trade at a PE of Ford or GM... then don't bait the trap when it spikes up.
It's all numbers and which whales have the deepest pockets. But if no shorts jump in on a few large upspikes... it will go down. Maybe that will happen, maybe it won't... but make no mistake... the stock is a rigged slot machine.
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If you want to trade this thing on a short term basis, you better have a deep understanding of math and options. And the ability to read and then apply what you see.

I will say this again for the hard of hearing... TSLA is not a stock, it's a mathematically based--- rigged slot machine. Powered by AI of unfathomable depths.
For those that don't understand this... well... whatever. But it is what it is.
~vz
 
Shares of Tesla Inc. TSLA, +4.69% ran up 2.7% in morning trading, to buck the broader weakness among the electric vehicle maker’s peer group and the stock market. The stock’s rally comes after it slumped 5.1% on Friday, following a 19.8% rally over the previous two weeks. If the stock rallies at least another 2.8%, to close at or above $258.59, it will close at least 20% above the Aug. 18 closing low of $215.49. Many on Wall Street define a bull market as a rally of at least 20% off a significant, bear-market low. The Aug. 18 close was 26.5% below the July 18, 10-month closing high of $293.34. Tesla’s stock rally on Tuesday was enough to make it the second-biggest gainer in the S&P 500. Meanwhile, the Global X Autonomous and Electric Vehicle ETF DRIV, -0.36% shed 0.7% and the S&P 500 SPX, -0.42% lost 0.3%.
 
Musk is the strength and the weakness of Tes.

Not saying that there is anything dodgy going on below,but he is one 'rules dont apply to me' mistake away from stuffing everything up.

And lets not forget that Twitter was a mistake,and a mistake to the tune of 44 billion.

Elon Musk borrowed $1 billion from SpaceX around time of his Twitter purchase: report
Published: Sept. 5, 2023 at 10:41 p.m. ET
By
Mike Murphy
comments
TSLA
+4.69%

Tesla Inc.’s TSLA, +4.69% billionaire Chief Executive Elon Musk borrowed $1 billion from his rocket company, SpaceX, around the time he bought Twitter last year, the Wall Street Journal reported late Tuesday. According to the Journal, SpaceX approved the unusual loan, backed by some of Musk’s SpaceX stock, last October. It was entirely drawn down, then repaid with interest in November, the Journal reported, citing documents it reviewed. Musk’s $44 billion purchase of Twitter was completed in late October. Specific reasons for the loan were not detailed, according to the Journal. Musk is by far SpaceX’s largest shareholder.
 
semperfrosty said:
Musk is the strength and the weakness of Tes.

Not saying that there is anything dodgy going on below,but he is one 'rules dont apply to me' mistake away from stuffing everything up.

And lets not forget that Twitter was a mistake,and a mistake to the tune of 44 billion.

Elon Musk borrowed $1 billion from SpaceX around time of his Twitter purchase: report
Published: Sept. 5, 2023 at 10:41 p.m. ET
By
Mike Murphy
comments
TSLA
+4.69%

Tesla Inc.’s TSLA, +4.69% billionaire Chief Executive Elon Musk borrowed $1 billion from his rocket company, SpaceX, around the time he bought Twitter last year, the Wall Street Journal reported late Tuesday. According to the Journal, SpaceX approved the unusual loan, backed by some of Musk’s SpaceX stock, last October. It was entirely drawn down, then repaid with interest in November, the Journal reported, citing documents it reviewed. Musk’s $44 billion purchase of Twitter was completed in late October. Specific reasons for the loan were not detailed, according to the Journal. Musk is by far SpaceX’s largest shareholder.
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Total agree. Musk is both Tesla's catalyst and cataclysm and his unpredictability dramatically impacts the share price. I've said before, I would prefer to see him relinquish the CEO role and become Tesla's Chairman, to reduce his X nonsense to his own.
 
They made the production Cybertruck uglier than the concept car:

media
 
VicBee said:
Total agree. Musk is both Tesla's catalyst and cataclysm and his unpredictability dramatically impacts the share price. I've said before, I would prefer to see him relinquish the CEO role and become Tesla's Chairman, to reduce his X nonsense to his own.
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If he is not the CEO, this will be just another car company, back to fair value.
 
mervyn said:
If he is not the CEO, this will be just another car company, back to fair value.
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Disagree. Tesla is now far more than Elon Musk. Over the last couple of years, and at least since his purchase of Twitter, the share price has reacted negatively every time he voiced his libertarian political opinions on the platform, including a significant drop upon his purchase of Twitter. There is data to show a small, but unacceptable in my opinion, number of potential EV buyers seeking out alternative brands due to their distaste for Musk.
Also, it is clear that without Musk there would be no Cybertruck, a product that, as I posted before, it bound to generate a significant level of negative criticism, warranted or not, by various motivated parties in the media and economic sectors. The Cybertruck is a Musk ego product that I hope will be hugely successful but expect will sell no more than the S or X models, both of which are key to Tesla's early success but insignificant today. The Cybertruck is the only thing that keeps me concerned about its impact on the share price.

I'm a late but fervent believer in the success of Tesla for what Tesla is accomplishing as a company and as the driver of the paradigm shift for the environment and the tomorrow economy. Musk has been the ideologue and relentless driver but nothing would have been achieved without the teams he has surrounded himself with to make this success happen. As Chairman, Musk can continue to influence the future of Tesla while leaving its development to others.
 
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