Australian (ASX) Stock Market Forum

Elon Musk

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InsvestoBoy said:
I've always said it's dumb that the media quote oligarch net worth by multiplying their share count by the current price. It's as dumb today to say he lost money as it was last year to say he was the richest man in the world.

The only difference in this case is that he stupidly margin'd his Twitter acquisition using Tesla shares.



The insinuation that Musk net worth going down because he's not toeing some imaginary line is absurdly stupid.

TSLA is eating it because, aside from beta to US growth stocks in general, people aren't buying the cars, leading to all time high inventories.

Nothing special. Just like all the other growth stocks that were priced for perfection and coming off that as the fundamentals play out less than perfect.

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Anyone paying attention to the crazy **** he's been doing.
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How much inventory is there (number of unsold vehicles)?
 
SirRumpole said:
Interesting when we are hearing from the Musk luvvies that things are going gangbusters at Tesla.
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I think the issue is actually on the demand side.

JohnDe said:
How much inventory is there (number of unsold vehicles)?
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I can't find the chart I saw on Twitter, but it showed rapid surge in inventories back to or above 2019 levels (which were the highest on the chart).
 
SirRumpole said:
Yes it's a paper loss, but the value of assets at any particular time is what you can get for them at that time.
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I doubt Musk would ever be able to exit out of his holding in Tesla at anywhere near the top, so it’s all paper gains to him.
 
InsvestoBoy said:
I think he's done an admirable job of foisting $40B worth of his shares onto the market at much higher prices than current :D
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Yeah, but could he have sold his whole block, without losing the $200 Billion of his net worth?

I don’t think think so, so technically he never had the $200 Billion, so how can he lose what he never had.

And if he still owns the shares, has he really lost anything?
 
Value Collector said:
Yeah, but could he have sold his whole block, without losing the $200 Billion of his net worth?

I don’t think think so, so technically he never had the $200 Billion, so how can he lose what he never had.

And if he still owns the shares, has he really lost anything?
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Wouldn't it nice to be able to throw phrases around like $200 billion. Monopoly Money of course.
If he hasn't sold, then he hasn't lost, perhaps a loss on paper, but still worth what it was before after and later.
 
farmerge said:
Wouldn't it nice to be able to throw phrases around like $200 billion. Monopoly Money of course.
If he hasn't sold, then he hasn't lost, perhaps a loss on paper, but still worth what it was before after and later.
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Picture you have an identical farm to yours on your left side, and another identical farm on your right.

Say on Monday some one buys the farm on the left for $1 Million, then on Thursday some one buy the farm on the right for $500 thousand.

Did you lose $500 thousand between Monday and Thursday, I would say no, you have the same farm you had last week, and it’s true value isn’t reliant on the fluctuations of the farm price week to week, as you said it’s worth what it’s worth, and that’s regardless of what other people trade their for.
 
Value Collector said:
Yeah, but could he have sold his whole block, without losing the $200 Billion of his net worth?

I don’t think think so, so technically he never had the $200 Billion, so how can he lose what he never had.

And if he still owns the shares, has he really lost anything?
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I agree with what you're saying in general (see my above about oligarch networth) but in this case I believe yes, if he had wanted to, he could easily have sold the whole lot. It's a S&P500 stock near the top of the board with a crazy following trading short term options etc. Easily.
 
InsvestoBoy said:
I agree with what you're saying in general (see my above about oligarch networth) but in this case I believe yes, if he had wanted to, he could easily have sold the whole lot. It's a S&P500 stock near the top of the board with a crazy following trading short term options etc. Easily.
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Technically, no.

As large numbers of shares sell, the price automatically comes down. The old supply & demand equation, the more supply the lower the demand.
 
InsvestoBoy said:
I agree with what you're saying in general (see my above about oligarch networth) but in this case I believe yes, if he had wanted to, he could easily have sold the whole lot. It's a S&P500 stock near the top of the board with a crazy following trading short term options etc. Easily.
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If the market found out Elon is Bailing out, would they really have let him dump his stock at the peak and not lower the price? I don’t think so.

I mean the stock has dropped from its peak without him selling that many shares, imagine if the market found out he was selling everything, it would be a race to the door.
 
If Tesla was a one trick pony, IMO one could draw the conclusion that Musk has let his ego get ahead of his abilities, but Tesla isn't just a car company.
It also has an extremely attractive space launch vehicle and a low level satellite internet service up and running.
To use the car sector of the business and an oversupply of vehicles to supply into a new and expanding market, seems a bit tunnel vision or biased negativity IMO.
Which brings me back, to what is behind the constant media criticism of Musk and his purchase of the Twitter platform? There apparently was nothing wrong with Twitter and Musk before Musk purchased it.
By the way I don't have any holding in Tesla or any Tesla product and do not use Twitter, I'm just an interested observer, without bias and an interest in the motivation behind the personal attack on him and the company. ?

An oversupply of cars doesn't seem to be a Tesla problem IMO.

Oh what a feeling, Tesla knocks Toyota off top spot​

New statistics show Tesla’s Model 3 has ended Toyota’s decades-long run as the nation’s most popular sedan, pointing to a possible tipping point for electric vehicles.
 
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Value Collector said:
If the market found out Elon is Bailing out, would they really have let him dump his stock at the peak and not lower the price? I don’t think so.

I mean the stock has dropped from its peak without him selling that many shares, imagine if the market found out he was selling everything, it would be a race to the door.
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With last out turn off the lights because we won't be able to afford the power bill
 
SirRumpole said:
Interesting when we are hearing from the Musk luvvies that things are going gangbusters at Tesla.
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Umm no because that was pretty poorly researched.
The big picture is that the incentives and price drops are coming so there's a bunch of delays till the incentives come in.

Now the US government stuffed the model Y for the tax incentive (yep that's what happens when you show their dirty laundry). So Tesla had to drop the price to get the incentives.

Hence people are waiting for the cheaper prices.

Overall I'm not a huge believer that we will get mass ev adoption for a long time. But Tesla is in the prime position to pump out a lot. The competition is not really close.

Do research people.
 

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