Tesla can be worth more than Apple and Saudi Aramco combined - Elon Musk states

Lucius

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Quote from: Kakmakr on October 27, 2022, 01:40:18 AM

So, when you have one of the wealthiest people in the world, supporting Bitcoin... you know that there are something "good" about it. Wink

Only that he never supported Bitcoin in the true sense of the word, because he himself admitted that he did not understand it very well, which was shown later when he accepted and then rejected Bitcoin as a means of payment in his company. He actually did a lot more harm than good, although for an army of blind followers it doesn't really matter.

Quote from: Kakmakr on October 27, 2022, 01:40:18 AM

Can you imagine what will happen if he successfully colonize Mars and when the Earth starts to spiral out of control? He will then be the most successful person on Mars too.. Wink

The colonization of Mars is something that will not happen so soon, and I doubt that it will happen in his lifetime. Although I wouldn't have anything against him going there with all his wives and children and enjoying all that dust and stones Wink

Kakmakr

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Elon Musk has already shown that he is and possibly will be the richest person in the world for a long time into the future. So, when you have one of the wealthiest people in the world, supporting Bitcoin... you know that there are something "good" about it. Wink

Can you imagine what will happen if he successfully colonize Mars and when the Earth starts to spiral out of control? He will then be the most successful person on Mars too.. Wink

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Quote from: Lucius on October 26, 2022, 08:54:19 AM

While he adds new billions of $ to his account every year, you admire him and become poorer every year. It is true that he can sell anything he can think of, but not because he is intelligent as you think, but because the world is full of people who behave completely irrationally. Are you also the lucky one who bought the latest Musky perfume?

Fortunately I didn't buy any of Mr Musk's products, I'm also not a fan of him because of his cleverness but because he takes chances well, I'm just saying we must admit he is a successful man who knows how to take advantage of good opportunities at good timing.

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Quote from: Lucius on October 26, 2022, 08:54:19 AM

~but because the world is full of people who behave completely irrationally. Are you also the lucky one who bought the latest Musky perfume?

If he managed to get an order for it, he might have been lucky! Wink

There are already some buying pre-orders on eBay with $400 (confirmed sales) and some asking for even more for a perfume that might be delivered next year, there are fake shops that have already scammed a few clients with their offers. There are even fake shops that have paid for goods ads spots, one of them is claiming 20k bottles delivered! (out of 10k produced)and I'm sure that they've managed to trick at least one percent of their fake claims.

While it might be stupid to buy that thing for daily usage, also a bit disgusting if it does smell like that at all, but most of the ones that bought it did so just to resell and it might have been lucrative enough. Just as some bought those Ukrainian stamps for 10$ just to resell them for a hundred on eBay, people will stop asking questions about morality when they smell easy money.

But after the Balenciaga 10k trash bag, the $290 paper bag or the $185 Prada paperclip, we can't talk about rationally spending or thinking anymore, those days are long gone.

wiss19

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Quote from: avikz on October 24, 2022, 08:50:42 AM

Even if I don't look from the perspective of their bitcoin holding and just from the business perspective, Tesla definitely has the power to become the world's most valuable company. Unless and until some drastic shift in mobile technology is invented, Apple may shortly loose their first spot to Aramco. But Tesla is betting strongly on clean energy which will eventually gain more prominence across the world in coming years.

The bitcoin holding might help them to get to that spot quite easily but that should not be the only reason. The carbon credit that Tesla sells would eventually become more costly. That's the main business of Tesla.

I don't really think so. It is clearly stated that it was their btc hodling help them to become close at the level of those two large companies. The mobile phone industry is not new and even if many competitors are now at it, apple still takes the lead. I think they will be able to sustain this moment.

The competition between apple and aramco is going to be tough but I don't know about tesla since they may lose their spot badly if they decided to drop the support of btc later on. Tesla pushes the idea of using a clean energy but still, their cars are expensive and not all are going to switch on that. There are still other ways for people to use renewable energy but in a much cheaper way.

eXPHorizon

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The Name only Tesla , Nikola Tesla is worth more than all of middle east and their degen fkin charades combined. You only have money that is all you have. Money is useless if you do not have an inventive creation

so98nn

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Obviously Tesla itself is thinking about the future of global energy crisis. Since they entered the electric vehicle production whether it is car, jeep or truck I am definitely sure they thought this through. Just lift up any news paper and checkout the energy crisis that’s hampering the whole world and mostly the European and US side of the globe. Though this is because of current war situation it is still a problem and big one. Electricity from green zone could lead to adoption of Tesla to whole new level.

World will go crazy if energy isn’t available due to over burning of fuel and shortage of the same. Tesla is already on the right track and that makes sense why their stocks could go skyrocket.

Lucius

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Quote from: yhiaali3 on October 24, 2022, 04:04:52 PM

Elon Musk is rocking the world, he's the number one social media guy, with incredible ideas to make money in any way...

While he adds new billions of $ to his account every year, you admire him and become poorer every year. It is true that he can sell anything he can think of, but not because he is intelligent as you think, but because the world is full of people who behave completely irrationally. Are you also the lucky one who bought the latest Musky perfume?

Leviathan.007

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Elon Musk does not matter to me what he says about the assets or stocks in the future because we are all familiar with what he says usually on Twitter and other social media about bitcoin dogecoin. It is only a few months ago that he said a lot of good things about bitcoin and now his company is not accepting it. In this case, this man is not credible. Considering he is speaking about his own company, we are hardly surprised to see that he is stating these things about Tesla and believes them.

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With their current Nickel-Cobalt-Lithium or Nickel-Cobalt-Manganese battery technology, they are not going anywhere. These metals are of limited supply and recently all of them have become even more expensive. One battery pack uses 5 kg of Lithium, which is a very rare metal. Cobalt is even more rarer and most of it comes from the conflict-prone zones such as Democratic Republic of the Congo. What they need is a more sustainable battery technology. Unless they are able to do that, they won't be able to bring down the unit price of their EVs and do mass production on a grand scale.

yhiaali3

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Elon Musk is rocking the world, he's the number one social media guy, with incredible ideas to make money in any way, like a perfume that sold for $3 million in just a few days, no matter if Elon Musk came up with these ideas or has a bunch of Experts in every field, we are forced to admit that he is a successful businessman and a man of the time who knows how to turn dust into gold.

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Quote from: Majestic-milf on October 20, 2022, 01:22:09 PM

After the release of its Q3 earnings results on Wednesday, it was disclosed that Tesla did not sell any of it's BTC as balance sheet still show $218m in digital assets.
In 2021, Tesla purchased $1.5bn worth of crypto but sold of %75 of it's shares in Q2.

Should this be a good sign? They dumped 75% of what they have crashing the market, right when it was falling due to combined effects of US rate cuts and Luna dump.
I'm not going to applaud them for not dumping it all, especially after Musk's statement about bitcoin being bad for environment.

IMO Tesla is overbought and their value depends on Musk as a personality. People hope that he'll come up with another revolutionary thing and make the company even more valuable. In reality he abandons many of his projects and wastes a lot of money on things like their cybertruck that was shown as prototype in 2019.

According to Wikipedia:
As of November 2019, Tesla Cybertruck production was scheduled to start in late 2021 and expand to offer more configurations in 2022
On August 9, 2021, the production of the Cybertruck was delayed to 2022 according to Tesla's website. In January 2022, the production was further delayed into early 2023 and then again to middle of 2023.

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Quote from: Lucius on October 24, 2022, 09:54:52 AM

Quote from: Majestic-milf on October 24, 2022, 09:08:35 AM

...they have yet to scratch the surface of even Saudi Aramco and it's quite laughable to believe they can beat these two giants even if they are given from now till 2030 to do that.

Quote from: Majestic-milf on October 20, 2022, 01:22:09 PM

Elon has a penchant for competition, as this is quite expected in business, but can he be able to overthrow Apple's position, or will his interests move to something else in the future?

First, you give credibility to what he says, and then you say it's "quite laughable" that something like that could even happen. Either the man is serious and you trust him, or he is trying to manipulate the stock price to convince some people that it is the right time to invest in his company. It seems that people don't believe him at all, considering that the price of the T share lost 3% in value in the last few days.

People are now aware that Elon's strategy is to hype his business and try to manipulate more investors. His strategy has been effective just like what he did to Doge but people are now being skeptical. He could easily release statements about his projects to make noise so his business would be on trend again. We all know that Elon wants to make money by releasing statements regardless of its true or not.
However, we can't also deny the fact that there are still big investors that rely on him. Elon will never stop hyping his business and his stocks as long as he's making money from it.

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Quote from: Lucius on October 21, 2022, 05:30:00 AM

Of the total amount they had, they first sold 10%, and then another 75%, which leaves them with only 15%, which roughly leaves them with around 6000 BTC. It would be good if they sell that too and end the story about how Mr. Mars wishes good for anyone, except for himself and his company.

Those 10% and 75% are numbers of the initial purchase or the amount they had held at the mentioned date because if they sold 105 of the initial and and then 75% of the leftover they still might have 22.5 of the original sum, I've seen his quoted in different ways from 75% of their holdings (which would mean current state) to 75% of their purchases so it would mean initial stock.

But if you think Musk is done with or plans on giving up, there is no way, he loves what he's doing with those tweets, with his small announcements on purchases and sales, with his tweets about war, peace, and even lately trolling Medvedev on Twitter, he loves the attention and people, even if they dislike him still are giving him some, this will go on forever.

Quote from: cabron on October 24, 2022, 09:25:04 AM

Saudi Aramco is the largest. In fact the family behind Aramco is the richest on earth than Elon, they are just not showy.
There would have to be a massive adoption of EVs to which gas and oil are not needed for Tesla to rise up. It will need the company to go bankrupt for Tesla to be richer than Saudi Aramco.

Saudi Aramco is owned by the state, despite Saudi Arabia being a quasi-dictatorship it doesn't make that company totally theirs, they can't just pack all of it up and move it to some other country nor can they sell it, if the shares get sold the owner is the government and they need that money if Musk sells then those are his money and he can do whatever the wants with it.
And about them not being showy...lol. Are you serious?

Lucius

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Quote from: Majestic-milf on October 24, 2022, 09:08:35 AM

...they have yet to scratch the surface of even Saudi Aramco and it's quite laughable to believe they can beat these two giants even if they are given from now till 2030 to do that.

Quote from: Majestic-milf on October 20, 2022, 01:22:09 PM

Elon has a penchant for competition, as this is quite expected in business, but can he be able to overthrow Apple's position or will his interests move to something else in the future?

First, you give credibility to what he says, and then you say it's "quite laughable" that something like that could even happen. Either the man is serious and you trust him, or he is trying to manipulate the stock price to convince some people that it is the right time to invest in his company. It seems that people don't believe him at all, considering that the price of the T share lost 3% in value in the last few days.

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Quote from: Majestic-milf on October 24, 2022, 09:08:35 AM

Granted, they are operating in a fast paced economy and seem to record more growth than the smartphone market, I still think it would be a long time before Tesla outpaces Apple.

With such Tesla still at $670bn, they have yet to scratch the surface of even Saudi Aramco and it's quite laughable to believe they can beat these two giants even if they are given from now till 2030 to do that.

China's Chip industry shambles lately when Biden calls for its US citizen to resign or lose US citizenship. Chips are important in manufacturing EVs, Tesla's production might also be affected with this sanction.

Saudi Aramco is the largest. In fact the family behind Aramco is the richest on earth than Elon, they are just not showy.
There would have to be a massive adoption of EVs to which gas and oil are not needed for Tesla to rise up. It will need the company to go bankrupt for Tesla to be richer than Saudi Aramco.

Majestic-milf

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Granted, they are operating in a fast paced economy and seem to record more growth than the smartphone market, I still think it would be a long time before Tesla outpaces Apple.

With such Tesla still at $670bn, they have yet to scratch the surface of even Saudi Aramco and it's quite laughable to believe they can beat these two giants even if they are given from now till 2030 to do that.

avikz

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Even if I don't look from the perspective of their bitcoin holding and just from the business perspective, Tesla definitely has the power to become the world's most valuable company. Unless and until some drastic shift in mobile technology is invented, Apple may shortly loose their first spot to Aramco. But Tesla is betting strongly on clean energy which will eventually gain more prominence across the world in coming years.

The bitcoin holding might help them to get to that spot quite easily but that should not be the only reason. The carbon credit that Tesla sells would eventually become more costly. That's the main business of Tesla.

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Quote from: Majestic-milf on October 20, 2022, 01:22:09 PM

Elon has a penchant for competition, as this is quite expected in business, but can he be able to overthrow Apple's position or will his interests move to something else in the future?

It will be just a matter of time until he's able to expand his Tesla worldwide. There are still countries that are not accessible to his Tesla products and aren't built for them. But by the time it comes, it will boost its sales by adding to its market cap, and probably be able to overcome Apple's position. Well, I've just watched a video that he offered his Tesla company to Apple before for $62B but Apple declined the offer. If the deal has happened before, they're now both the richest companies being owned by one business venture.

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I also think future of Tesla is brighter because mankind will surely fully convert to renewable energy due to extreme weather changes. Fossil fuel companies and countries depended on it will face a heavy damages to their economy. Apple is already out of a large quantity of people from the world. Cheaper but better quality phone companies become more popular in terms of use case.

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