Australian (ASX) Stock Market Forum

TSLA, SpaceX and all things Elon Musk

Jump to new
tech/a said:
From someone who has the grand total of 30 shares.
Bought them really to have some skin in the game.
Just as I did with Ripple.

Would I sell now --NO
What would make me consider selling.--Some Fundamental reason
that changed the long term outlook for TSLA.
Would I buy more--probably not.
Space X ---Will I buy.
Not straight on issue but absolutely YES.
I personally think Space X has far more potential than TSLA.
Click to expand...
If you allow me @tech/a , funny that a market veteran like you is not selling now, yet would not buy..
And we agree the difference is not CGT or brokerage?
We are all prisoners of our own mind
Otherwise 100% agree with you about space X.
 
orr said:
$1794 over night maybe a bit dear?... ATM
But on your recommedation I've put an order in for one more at under $1500. More than happy to miss out on that purchase.
But if I get it... expect at this point to at least double that before I take my first drive in the cybertruck. Ordered first day.
The company is years ahead of all other Auto makers... Then plus heavy transport plus world wide charging network plus solar residential/commercial plus residential/utlity scale storage with your battery vehical or static being part of a VPP via auto bidder...
Ark Invest's modeling of the future platooning of the Electric Semi puts transport costs at lower than rail per tonne general freight.
I want nothing more than serious critique... love to hear it.

Though the situation for Tiawain could throw a spanner in the works; for a few things.
Click to expand...

Oh I'm in total agreeance with you about it absolutely being a long position. But always buy the dip, which is well & truly overdue.
 
Frog

Lots of reasons other than being "evidently" scared **** less.
Capital allocation I may not have a lazy $25-50K lying around.
If I wanted to double my capital (around 25K) Id get about 16 shares.
We could get a 30% more out of it or a 30% retracement which would
only magnify the open profit loss.

My trading style is that if you want to hit something---Hit it at the get go.
This trade was to just get some skin in the game.
 
over9k said:
Tesla is absolutely absurd.

Anyone buying it right now is nuts.
Click to expand...

They are sticky and emotional EV investors; like Basilio and Value Collector on here. No engineering or financial knowledge; just emotion in the belief that EVs will be 100% eventually. Hydrogen vehicles will begin to directly challenge EVs within the next decade, and might render them obsolete.
 
Dona:

Which probably explains the 20 billion (all time record) in shorts now against it.
 
over9k said:
Dona:

Which probably explains the 20 billion (all time record) in shorts now against it.
Click to expand...

That will be interesting
They all have to be covered at sometime.
Either when the pain exceeds funds
or they reach a profit that is deemed acceptable

So either way they will feed it!
 
over9k said:
Oh I'm in total agreeance with you about it absolutely being a long position. But always buy the dip, which is well & truly overdue.
Click to expand...

Are you buying the dip this time?

I can't bring myself to buy in.

upload_2020-7-15_2-25-26.png
3eAzdVv

3eAzdVv
 
Nope not yet. It's run what, 50% in three weeks?

Even a correction halfway would get us down 25% off now. But like I said, logic has absolutely no place here. Let's see what earnings season does to it.
 
tech/a said:
Frog

Lots of reasons other than being "evidently" scared **** less.
Capital allocation I may not have a lazy $25-50K lying around.
If I wanted to double my capital (around 25K) Id get about 16 shares.
We could get a 30% more out of it or a 30% retracement which would
only magnify the open profit loss.

My trading style is that if you want to hit something---Hit it at the get go.
This trade was to just get some skin in the game.
Click to expand...
Fair points
 
4 qtrs of profit...
The S&P index'ers need circa 30 million of the float...
That ladies and gents; is an underpinning.
 
The question now is whether it keeps running - you don't run an index fund by being stupid.
 
I sold at 400, 600, 900, and 1000 points. Boy do i regret. But i'm not buying back at these prices.

Apple exploded because they created a whole new market. Tesla is just joining an existing one and priced as if they have a 50% market share of the entire world auto industry...

I love the Musk. I always believed in him... but man this is ridiculous.

They made 500m in profits in the last 4 quarters... a venture capitalist will value Tesla at a whole $10B (exl growth potential).
 
Exactly - it's at mania point. As to what it'll actually level out at/correct to is anyone's guess. Same thing for when it'll happen.

I'm keen to open up a decent position in it as a long thing, but not going near it with a bargepole until some kind of proper correction has occurred.
 
The interesting thing about Tesla is that it is now turning a profit. It is not just one of those big ideas that keep expanding and building up more "value" but relying on cash injections to stay afloat.

It is now producing, selling and making a decent dollar. The rest of the automotive world is now attempting to move ASAP to EV cars. We understand that in a few months time Tesla will announce the immediate production of a million mile battery pack that will effectively make EV cars cost effective with ICE cars. And much more.

Is all this sufficent to justify the current hype ?
 
basilio said:
The interesting thing about Tesla is that it is now turning a profit. It is not just one of those big ideas that keep expanding and building up more "value" but relying on cash injections to stay afloat.

It is now producing, selling and making a decent dollar. The rest of the automotive world is now attempting to move ASAP to EV cars. We understand that in a few months time Tesla will announce the immediate production of a million mile battery pack that will effectively make EV cars cost effective with ICE cars. And much more.

Is all this sufficent to justify the current hype ?
Click to expand...

Making a profit is better than making a loss.

How long it's sustained will be the test.

If it can make a profit in these troubled times, it's worth buying.
 
SpaceX brings NASA astronauts home safe in milestone test flight .

Hats off for this achievement
 
Top