Tesla to $600. What's up with that?

Scataphagos

Scataphagos

My opinion of Tesla from reading about them is that, "they make crappy, low quality cars with lots of problems.... at too high a price and prone to crashing on auto-pilot and bursting into flame". (The Chinese have a saying... "Don't park your car next to a Tesla".)

Not the kind of car I'd consider buying...

So... what's up with the blast up to $600? (One hedge fund manager guy claimed he was "shorting TSLA down to zero". That seems more logical than "to the moon".)
 
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Scataphagos said:
My opinion of Tesla from reading about them is that they make crappy, low quality cars with lots of problems.... at too high a price and prone to crashing on auto-pilot and bursting into flame.

Not the kind of car I'd consider buying...

So... what's up with the blast up to $600? (One hedge fund manager guy claimed he was "shorting TSLA down to zero". That seems more logical than "to the moon".)
More...

Have you met a Tesla owner? They are rabid fans. It's the AAPL of cars.
 
when the truck was first unveiled, it looked like a POS. But the more you stare at it and the more media exposure it gets, you slowly grow to accept it. Is that the magic of Tesla?
 
If you want to short a cult, now's your chance :rolleyes:

This is a 'futures' play on getting a Gig factory completed in China and another sited in Berlin.
 
Shorts have lost many billions on TSLA. I'm sure the new valuation level reflects a recently completed Chinese Gigafactory and siting the Berlin Gigafactory. And nobody (including the Germans) has a serious, affordable mass-produced alternative to Tesla. $240K Porsches are not going to take market share from Tesla.

nooby_mcnoob said:
I'm 100% sure you're joking!

Shorting AAPL because it was just toys and stuff didn't go well.
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Scataphagos said:
My opinion of Tesla from reading about them is that they make crappy, low quality cars with lots of problems.... at too high a price and prone to crashing on auto-pilot and bursting into flame. (The Chinese have a saying... "Don't park your car next to a Tesla".)

Not the kind of car I'd consider buying...

So... what's up with the blast up to $600? (One hedge fund manager guy claimed he was "shorting TSLA down to zero". That seems more logical than "to the moon".)
More...


They’ve managed to survive, become more mature, have potential to revolutionize car industry (and having partially done so), innovate, make continual progress, and turn cars into mini-pads on wheels where driving may be secondary to utilizing the car’s convenience, features and technology.
At least so it seems, while I never even touched one but wouldn’t mind having one.
You should at least get more educated about it rather than throwing out slogans and citing trolls.
Long-term they may expand their range of features and services, becoming a mini-Amazon of car industry; or they may run out of money, customers/buyers and bull market.
 
traider said:
when the truck was first unveiled, it looked like a POS. But the more you stare at it and the more media exposure it gets, you slowly grow to accept it. Is that the magic of Tesla?
More...
That's the magic of the Media,
 
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