Tesla 2023

deaddog said:
Looking from a Technical angle I wonder what the catylist would be? Since Jan I've been waiting for a higher high but we don't seem to be getting that.
TSLA is in a down trend if you look at the weekly charts.
A P/E of 53 translates to me that it will take 53 years to earn your money back. If I remember correctly you are an old fart and probably don't have 53 years left.
TSLA is slowly losing it's first mover advantage. Every body and their dog is coming out with an electric car.
TSLA has been dropping price. To me that shows a lack of demand.
As far as I can see the only way that TSLA will get to 300 and then rocket to the moon is if you sell all your shares.:)
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gee, check semi p/e lately?
 
deaddog said:
Ah You got me there but unlike TSLA these stocks are making higher highs.
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that’s right, higher high but need hedge. I got lot of nvda. More AI chips, demands are good. OpenAI bought 30,000 nvda high end chips for modeling. But car is consumer durable, hard to compare buy it can beat all the gasoline car makers.
 
mervyn said:
... hard to compare buy it can beat all the gasoline car makers.
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That is called a low bar.

And for a company that once was "worth" more than all the other car companies combined.

How quickly they fall - or in this case stoop.
 
Wonder what Stoner Elon thinks about Texas now. Or at least its Repug-ernor lol.

Greg Abbott Signs Law Making EV Owners Pay for Their Gas-Free Cars

Gizmodo
Lauren Leffer
Fri, May 19, 2023 at 3:55 PM EDT·5 min read


f6ec9627f83ae5eb15556024e10aae32

Photo of electric vehicles charging

EV drivers in Texas don’t pay at the pump, but will have to start paying a significant annual fee that critics are calling “punitive.”

Driving an electric vehicle in Texas is soon to become more expensive. Governor Greg Abbott signed a law (SB 505) on May 13 instituting new fees for registering and owning EVs in the state. Under the bill, electric car owners will have to pay $400 upon registering their vehicle. Then, every subsequent year, EV drivers will have to shell out an additional $200. Both of those fees are on top of the cost of the standard annual registration renewal fees, which are $50.75 each year for most passenger cars and trucks.

The law exempts mopeds, motorcycles, and other non-car EVs, and goes into effect starting on September 1, 2023.

At least 32 states currently have special electric vehicle registration fees, according to data from the National Conference of State Legislatures. These range from $50 in places like Colorado, Hawaii, and South Dakota to $274 (starting in 2028) in a recently passed piece of Tennessee legislation. Note: Tennessee lawmakers had originally proposed a $300 fee, but lowered it in response to pushback.

Like many other states that have instituted EV fees, the reasoning behind the Lone Star State’s new law is that electric car drivers don’t buy gas. Taxes at the fuel pump are the primary way that most states, Texas included, amass funds for road construction, maintenance, and other driving-related infrastructure.

“Currently, Texas uses the gasoline/diesel fuel tax to fund transportation projects; however, with the growing use of EVs, the revenue from the fuel tax is decreasing, which diminishes our ability to fund road improvements for all drivers,” said the bill’s author, Republican State Senator Robert Nichols, in comments about the legislation, per local NBC News affiliate KXAN.

But, compared with what gas drivers contribute, Texas’s EV fees seem a little out of whack. Charging $200 per year and $400 at the outset of EV ownership places Texas’s fee schedule at the higher price end of the policies out there. In comparison, Texas’s gas tax is among the lowest in the country, at just $0.20 per gallon. Just seven states impose a lower duty on gasoline than TX. Among the 10 most populous states in the country, additional fees levied elsewhere make Texas’s gas the cheapest.

The average Texas driver burned through ~55 million BTUs of motor gasoline in 2018, according to data from the U.S. Energy Information Administration. That’s equal to about 440 gallons of gas. At $0.20 per gallon, the standard car owner in Texas is paying just $88 per year in gas taxes—far less than the hundreds more EV drivers will now be throwing into the pot. A 2022 Consumer Reports analysis determined that a Texas driver’s gas tax contribution is even lower, at just $71.

The new law says loud and clear that Texas is “fully behind oil and gas,” Kara Kockleman, a transportation engineering professor at the University of Texas, Austin, told local ABC News affiliate KVUE. “Electric vehicles should pay a gas tax – I just think the tax on the conventional cars should be much, much higher than it is. We pay less for gas in this state than almost anyone in the world... Texas is really behind the curve on trying to do the right thing by the environment. And so, that’s embarrassing, I think, for all of us.”

There’s no doubt that roads and other car infrastructure are expensive. Though it can be easy to forget that—every time a driver cruises down the asphalt, complies with a traffic signal, or reads a highway sign—they’re benefiting from a costly system constructed for their particular use and benefit. But compared with other forms of transportation in the U.S., car ownership is already heavily subsidized. So is burning fossil fuels.

According to a 2015 analysis from the nonprofit Canadian media outlet The Discourse, society pays more than $9 for every $1 a driver pays in commuting: Through infrastructure, accident liability, noise and air pollution, and congestion. Buses, biking, and walking all eat up much less public funds for the same amount of miles traveled. EVs presumably also have a slightly lower public cost, as they’re quieter and don’t directly emit air pollution.

Yet in Texas, the tax load for driving an electric car will far exceed that of a gas-powered vehicle. The new law is “punitive” according to Consumer Reports. “Consumers should not be punished for choosing a cleaner, greener car that saves them money on fuel and maintenance,” Dylan Jaff, a policy analyst at CR, wrote in an April statement. “The fees proposed in this bill will establish an inequitable fee scale for EV owners, and will not provide a viable solution to the long-standing issue of road funding revenue.”

Luke Metzger, director of the non-profit advocacy group, Environment Texas, echoed Consumer Reports’ findings in a statement from last month. “The Texas Legislature is pouring sugar in the tank of the electric vehicle revolution. This punitive fee will make it harder for Texans to afford these clean vehicles which are so critical to reducing air pollution in Texas.”

Electric personal vehicles are not a perfect solution to the ongoing problem of petroleum-powered cars. Swapping every gas-guzzler for an EV still would use up an extraordinary amount of resources, that are likely to be ill-gotten. Public investment in mass transit would inarguably be a better environmental strategy. But, as long as the U.S. remains overwhelmingly car dominant and as long as most Americans lack access to adequate public transit, EV uptake remains important for lowering the nation’s carbon emissions.

Already, the upfront costs of purchasing an electric car are significantly higher than buying a gas vehicle. A disproportionate tax system adds to that burden, and it could dissuade people from transitioning to EVs.
 
deaddog said:
Looking from a Technical angle I wonder what the catylist would be? Since Jan I've been waiting for a higher high but we don't seem to be getting that.
TSLA is in a down trend if you look at the weekly charts.
A P/E of 53 translates to me that it will take 53 years to earn your money back. If I remember correctly you are an old fart and probably don't have 53 years left.
TSLA is slowly losing it's first mover advantage. Every body and their dog is coming out with an electric car.
TSLA has been dropping price. To me that shows a lack of demand.
As far as I can see the only way that TSLA will get to 300 and then rocket to the moon is if you sell all your shares.:)
More...
You ought to spend more time analyzing Tesla because there's too much to say in a post. Look at its growth trajectory, its capital investments, its results, its competition.
When you're done looking at the vehicle segment, consider the company's vertical integration, parts design and manufacturing, production efficiency, battery production, lithium processing...
When you're done looking at the vertical integration, consider its energy business (B2C, B2B), peaker plants, solar roof, software application..
When your done looking at its energy business, consider its ventures in humanoid robots, FSD, chip design, supercharger network..

TSLA closed at 180 today, that's 80 over its 100 January low, 5 months ago.

SunTrader laughed off Tesla ever selling 2 million cars by 2025 (it sold 1.31 million in 2022 and may well reach 2 million by end of 2023 based on Q1 growth) or making the world's best selling vehicle (Tesla Y in 2023). Oh, and Tesla Europe market share is only 2.4% and 4% of US/Canada.

This isn't about liking or hating Musk, it's about valuing the company as an investment/trading opportunity.
 
Margin number(s) (gross and especially net) matter over sales numbers any day of the week on Wall Street.

Profits over market share.

That is how companies are valued. Especially growth companies.

You sound like a 2000 dotbomb hodl, but they have more eyeballs and clicks. A "new paradigm". Hehe. That worked in years 1 thru 5 kinda.

Any day Stoner Elon will get another new toy to be distracted by.
 
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