Tesla 2024

SunTrader said:
I don't fault Musk, at all, for dropping prices to protect market share.

That is what any smart, and even some not so smart, CEO would do.

My point and btw Wall Street's too is retail prices declining lead to declining margins which in turn leads to a declining stock price.

You didn't believe this to be the case. The current stock chart doesn't lie. PE is still inflated so likely price needs to go lower. I have no crystal ball and maybe wrong about this.

But it seems logical, so if I planned to become a buyer (I don't, way too much flux in EV's currently) I would be waiting for a much more attractive price.
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If the upturn holds,Van will have done well on his 174 call.

I think 175.71 was the low.

@vanzandt

All depends whether EM was happy with that level.
 
semperfrosty said:
If the upturn holds,Van will have done well on his 174 call.

I think 175.71 was the low.

@vanzandt

All depends whether EM was happy with that level.
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Oh don't I know lol. To be exact, $175.01 was the intra-day low. And boy did I let a (somewhat) whale buddy of mine have it... because he said I was crazy, TSLA would never get that low. It was $255 at the time. :D
 
SunTrader said:
I don't fault Musk, at all, for dropping prices to protect market share.

That is what any smart, and even some not so smart, CEO would do.

My point and btw Wall Street's too is retail prices declining lead to declining margins which in turn leads to a declining stock price.

You didn't believe this to be the case. The current stock chart doesn't lie. PE is still inflated so likely price needs to go lower. I have no crystal ball and maybe wrong about this.

But it seems logical, so if I planned to become a buyer (I don't, way too much flux in EV's currently) I would be waiting for a much more attractive price.
More...
I'll give you this unusual thoughtful reply :thumbsup:
Lower prices lead to lower margins, that's basic. But Tesla has a load of cash in the bank and Musk is less interested in pleasing shareholders today than he is about gathering data for exponential returns in 5 years time.
I've never liked Tesla's constant price fluctuations and think they'd be better off adjusted annually instead. Their JIT pricing algorithm is pointless.
But Musk is right, the Chinese are hyper competitive and Tesla is the guy to beat. The BYD Seal is a copy of the new Tesla 3 and sells in Europe for USD55k while the 3 sells for USD52k. Tesla has the advantage of having a factory operating in Europe while BYD doesn't, and is bound to benefit if Europe imposes import tariffs.

I think the declining stock price is less balance sheet than Musk personality and antics, including a fair amount of short manipulation. At this point I'm holding tight, looking for a return to 250 before Q end.
 
gwb-trading said:
Tesla asks which jobs are critical, stoking layoff fears - Bloomberg News
https://finance.yahoo.com/news/tesla-asks-jobs-critical-stoking-140826862.html
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;)
I note this:--

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The report comes after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition.

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But don't they know its those darn short sellers manipulating the price, even though PE is still mid 40's or higher lol.

For reference AAPL is at 29.
 
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