The Downfall of TSLA - page 2. | Bitcointalksearch.org

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Quote from: zanezane on May 21, 2021, 01:37:35 AM

Quote from: DooMAD on May 20, 2021, 03:39:44 AM

Apparently they're getting into trouble with their solar roofs project. Someone's filing a lawsuit. They do seem to have a talent for pissing people off, heh.

Not any different from other big companies out there, I think pissing off people should be a natural talent for companies to make it big. Never heard of the lawsuit with the solar roof projects but I have heard that they had problems with people in Texas near their Spacex planned basecamp.

As a former stock holder of Solar City, I can speak personally to the fact that Tesla took that company out for a song and under extremely problematic circumstances for shareholders. First, Musk's cousin ran Solar City and so the deal was rife with conflicts of interest and Musk even knew it which is why he promised not to vote his shares for the merger, but even so, it was well-known that he was lining up large shareholders behind the scenes to push the deal through and it went through specifically because of his insistence.

just_Alice

hero member

Activity: 1274

Merit: 622

Quote from: avikz on May 27, 2021, 07:55:10 AM

Quote from: Cryptoking1205 on May 19, 2021, 03:29:30 PM

The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.

Tesla has immense future potential. With fossil fuel reserves are depleting fast and the price is becoming unreasonably high for the car owners, Electric cars are the answer to all these problems. Tesla has not yet started marketing or selling their cars to every country in the world. But a time will come when Tesla will try to penetrate the majority of the countries with their electric cars.

I believe that Tesla stock is still undervalued considering the future potential it has. This downfall is temporary just like bitcoin.

What you're saying is true, only you've forgotten about, perhaps, the most crucial part in any business - competitors. Though we have to admit, Musk definitely has a name and his word means a lot, this, however, doesn't exclude cars like Nissan Leaf, Chevy Bolt or EV by Volkswagen.
Having Tesla is prestigious, but it is also pretty expensive, so many people can prefer other models over Tesla if their true intentions are to care for the environment and not the show-off.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: Cryptoking1205 on May 19, 2021, 03:29:30 PM

The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.

Tesla has immense future potential. With fossil fuel reserves are depleting fast and the price is becoming unreasonably high for the car owners, Electric cars are the answer to all these problems. Tesla has not yet started marketing or selling their cars to every country in the world. But a time will come when Tesla will try to penetrate the majority of the countries with their electric cars.

I believe that Tesla stock is still undervalued considering the future potential it has. This downfall is temporary just like bitcoin.

grabpopcorn536

member

Activity: 476

Merit: 12

Quote from: Kittygalore on May 27, 2021, 05:42:53 AM

Quote from: grabpopcorn536 on May 27, 2021, 05:17:57 AM

Quote from: Kittygalore on May 27, 2021, 03:26:46 AM

~

People were no longer surprised about electric cars. The electric car hype is over. Now car companies all over the world are involved in the research and production of electric cars. Perhaps automakers do better than TESLA because they have a long experience in car manufacturing.
Recently I read about Volkswagen selling more electric cars than TESLA. In the next few years, the electric car market will probably be tougher because of competition from car manufacturers.

https://thedriven.io/2021/02/22/vw-sells-more-electric-cars-than-tesla-for-first-time-but-most-are-plug-in-hybrids/

Even if the people aren't surprised, did you see more electric cars used compared to gas fueled cars? I don't think so. With competition, the prices are going to go down and Tesla is going to be the first electric that will come to the mind of this people, they made electric cars more famous so they have a higher chance of being bought.

Have you read the link below?
Let me quote a paragraph so that you understand that what I say makes complete sense.

"Volkswagen sold more electric cars across the globe than Tesla at the end of last year for the first time ever, according to an analysis by business consultancy AlixPartners. But the VW tally includes plug in hybrids.

The brands of the Volkswagen group, which include Porsche and Audi, sold 192,000 fully electric cars or plug-in hybrid vehicles in the fourth quarter, compared to Tesla’s 181,000 fully electric models."

https://thedriven.io/2021/02/22/vw-sells-more-electric-cars-than-tesla-for-first-time-but-most-are-plug-in-hybrids/

Volkswagen is an electric car company and they are in the real electric car business. In addition to TESLA, other technology companies without a history of automobile production are also embarking on research and production of electric cars, such as XIAOMI, APPLE. Most of the famous automakers have researched, produced and put into commercial electric cars.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: DoublerHunter on May 21, 2021, 06:31:16 AM

Quote from: Kong Hey Pakboy on May 21, 2021, 04:34:21 AM

Is Tesla operating? If yes then there was no downfall, though their stocks are suffering right now, I don't think that they won't be going away anytime soon, I think downfall is not the right word because it implies that Tesla will not be able to recover from this which isn't true since they are a revolutionary company.

^ It is fully operational and regardless of production rate, the promises of innovation Tesla is offering are too effective. That is why their stocks are soaring high even when profits were not there yet. Elon Musk is a capable man, that person is not just a businessman or even an entrepreneur. He is a technical person as well. That is why the trust of the people is with him and we can’t blame those people who support him. Not just that, his prototypes are solving problems that possibly be adopted on a global scale. A business model that is scalable is somehow promising though. Nevertheless, these are my opinion, let me know what is your take.

I believe that his ideas are visionary but the problem that I see is that his idea are too far flung and there are other possible solutions that he can contribute like colonizing the moon before Mars or perfecting 3D printing technology, or sea steads or ocean clean up. The people who follow him most of the time are just bandwagons who thought it would be cool if they follow Elon.

Kittygalore

member

Activity: 868

Merit: 63

Quote from: grabpopcorn536 on May 27, 2021, 05:17:57 AM

Quote from: Kittygalore on May 27, 2021, 03:26:46 AM

~

People were no longer surprised about electric cars. The electric car hype is over. Now car companies all over the world are involved in the research and production of electric cars. Perhaps automakers do better than TESLA because they have a long experience in car manufacturing.
Recently I read about Volkswagen selling more electric cars than TESLA. In the next few years, the electric car market will probably be tougher because of competition from car manufacturers.

https://thedriven.io/2021/02/22/vw-sells-more-electric-cars-than-tesla-for-first-time-but-most-are-plug-in-hybrids/

Even if the people aren't surprised, did you see more electric cars used compared to gas fueled cars? I don't think so. With competition, the prices are going to go down and Tesla is going to be the first electric that will come to the mind of this people, they made electric cars more famous so they have a higher chance of being bought.

grabpopcorn536

member

Activity: 476

Merit: 12

Quote from: Kittygalore on May 27, 2021, 03:26:46 AM

Quote from: grabpopcorn536 on May 23, 2021, 07:28:59 AM

The world financial markets have been hot for many days. From March 2020 to now, the S&P500 has been hot and surpassed 4000 points. TESLA stock is among the fastest-growing in this index. TESLA's drop started when Elon Musk FUD Bitcoin. In just one week Bitcoin has dropped 50% in value and TESLA stock is down 25%. This is so coincidental.

They get FUDs too so we can expect their stocks to go down and I don't think there will be no downfall happening because Tesla is a revolutionary car company that will definitely boom when the trend of electric fueled cars become more prevalent. It's not just coincidence because I think that whenever something negative happens to a company, their stocks will be affected too.

People were no longer surprised about electric cars. The electric car hype is over. Now car companies all over the world are involved in the research and production of electric cars. Perhaps automakers do better than TESLA because they have a long experience in car manufacturing.
Recently I read about Volkswagen selling more electric cars than TESLA. In the next few years, the electric car market will probably be tougher because of competition from car manufacturers.

https://thedriven.io/2021/02/22/vw-sells-more-electric-cars-than-tesla-for-first-time-but-most-are-plug-in-hybrids/

Kittygalore

member

Activity: 868

Merit: 63

Quote from: grabpopcorn536 on May 23, 2021, 07:28:59 AM

The world financial markets have been hot for many days. From March 2020 to now, the S&P500 has been hot and surpassed 4000 points. TESLA stock is among the fastest-growing in this index. TESLA's drop started when Elon Musk FUD Bitcoin. In just one week Bitcoin has dropped 50% in value and TESLA stock is down 25%. This is so coincidental.

They get FUDs too so we can expect their stocks to go down and I don't think there will be no downfall happening because Tesla is a revolutionary car company that will definitely boom when the trend of electric fueled cars become more prevalent. It's not just coincidence because I think that whenever something negative happens to a company, their stocks will be affected too.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Silberman on May 26, 2021, 12:43:28 PM

Quote from: bryant.coleman on May 24, 2021, 08:17:12 AM

Quote from: Bitstar_coin on May 24, 2021, 05:44:02 AM

People use to believe in previous Elon and not this meme promoter kind of Musk, he has deposit all his brilliant ideas on promoting shitcoins rather than focusing more own his on invention, he his confident because he feels there no more genius on the planet earth that's the reason why he is so confident, perhaps before anyone can match up with him may take some time, but that's not a reason to mess with people's feelings.

He is the world's second richest person and obviously he has a lot of followers. McAfee had a fraction of the followers Musk had and we all saw how he made hundreds of millions of $$$ by manipulating the cryptocurrency market. Now Musk is slowly following the example set by McAfee, by trying to manipulate the market using his social media influence. If he doesn't back off, then he will face the same fate as that of McAfee. And if that happens, then I will be really sad. Because Musk is a very talented person, and he can use that talent for the well being of humanity.

This is the same that I have been thinking, Musk is doing exactly what McAfee was doing and we know that this is not a good path to take and yet he seems confident he can do whatever he wants and there are not going to be any repercussions for his actions, but I think he is feeling for the first time some pushback as he has been trying to backtrack his previous tweets and trying to make it seem as if he is still onboard of bitcoin when I doubt he is holding any bitcoin anymore.

No one knows if he do still holds or he already sell them off and one of the reasons on why we are really going low but i do agree on the words that he is trying out to get back on what the community
been treating before he had made out those bullshit tweets against Bitcoin or the entire crypto and trying to get it back in the form of trust and making his image to be fine again?
Once the public or the community had seen the true colors then its hard to take it back and this wont only affect his reputation but also into other
things that correlates or connected to him.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Hydrogen on May 19, 2021, 06:44:45 PM

Tesla unveiled plans to design and build revolutionary new battery technology for 2022.

Good to learn something new. The recent hate and negative talks around Tesla have almost nothing to do with their technology as much as it has to do with their CEO, Elon Musk. We all know how his involvement in the crypto has always been speculated and till it was good and profitable for people they even claimed that Tesla's shares are underpriced but because of the downfall in crypto, some are even claiming tesla will shut down.

Quote from: Hydrogen on May 19, 2021, 06:44:45 PM

They claim gains of 5 times the energy, 18% gains in range and 6 times the power. Not to mention gains in manufacturing efficiency and lower cost production.

They plan to license this technology to other automakers in the future. The way that nintendo licensed old cartridge technology over existing technology like CDs/DVDs to earn an extra profit.

That would be a great achievement actually not just for the cost of production lowered but having more manufactures means there would be more cars with the same superior technology.

Silberman

legendary

Activity: 2716

Merit: 1383

Quote from: bryant.coleman on May 24, 2021, 08:17:12 AM

Quote from: Bitstar_coin on May 24, 2021, 05:44:02 AM

People use to believe in previous Elon and not this meme promoter kind of Musk, he has deposit all his brilliant ideas on promoting shitcoins rather than focusing more own his on invention, he his confident because he feels there no more genius on the planet earth that's the reason why he is so confident, perhaps before anyone can match up with him may take some time, but that's not a reason to mess with people's feelings.

He is the world's second richest person and obviously he has a lot of followers. McAfee had a fraction of the followers Musk had and we all saw how he made hundreds of millions of $$$ by manipulating the cryptocurrency market. Now Musk is slowly following the example set by McAfee, by trying to manipulate the market using his social media influence. If he doesn't back off, then he will face the same fate as that of McAfee. And if that happens, then I will be really sad. Because Musk is a very talented person, and he can use that talent for the well being of humanity.

This is the same that I have been thinking, Musk is doing exactly what McAfee was doing and we know that this is not a good path to take and yet he seems confident he can do whatever he wants and there are not going to be any repercussions for his actions, but I think he is feeling for the first time some pushback as he has been trying to backtrack his previous tweets and trying to make it seem as if he is still onboard of bitcoin when I doubt he is holding any bitcoin anymore.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Bitstar_coin on May 24, 2021, 05:44:02 AM

People use to believe in previous Elon and not this meme promoter kind of Musk, he has deposit all his brilliant ideas on promoting shitcoins rather than focusing more own his on invention, he his confident because he feels there no more genius on the planet earth that's the reason why he is so confident, perhaps before anyone can match up with him may take some time, but that's not a reason to mess with people's feelings.

He is the world's second richest person and obviously he has a lot of followers. McAfee had a fraction of the followers Musk had and we all saw how he made hundreds of millions of $$$ by manipulating the cryptocurrency market. Now Musk is slowly following the example set by McAfee, by trying to manipulate the market using his social media influence. If he doesn't back off, then he will face the same fate as that of McAfee. And if that happens, then I will be really sad. Because Musk is a very talented person, and he can use that talent for the well being of humanity.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Quote from: slapper on May 20, 2021, 12:25:54 PM

It can be either overvalued or realistic. Who knows? Perhaps people believe in Elon Musk and how he will rock the world with his genius idea. He is awesome, IMO, but there are more things that need to be done before Tesla truly becomes the number one company on the planet. I feel like he is overconfident and forgets how to manufacture properly.
.......

People use to believe in previous Elon and not this meme promoter kind of Musk, he has deposit all his brilliant ideas on promoting shitcoins rather than focusing more own his on invention, he his confident because he feels there no more genius on the planet earth that's the reason why he is so confident, perhaps before anyone can match up with him may take some time, but that's not a reason to mess with people's feelings.

Silberman

legendary

Activity: 2716

Merit: 1383

Quote from: DigitalFox on May 19, 2021, 10:17:59 PM

Quote from: Hydrogen on May 19, 2021, 06:44:45 PM

Tesla unveiled plans to design and build revolutionary new battery technology for 2022.

Tesla constantly unveils their plans for this and that, yet many of these projects later prove themselves to be unsustainable.

That is my main issue with all of this, new ideas move the world forward that is true but the execution and how to materialize those ideas is in fact way more important, if they actually make that battery then that is an actual progress but if that never happens then it was just a waste of time and if anything it may seem like an effort to try to keep the price of the stock of TSLA high enough for the time being, which is yet another form to manipulate the market on their favor.

jostorres

hero member

Activity: 2576

Merit: 586

Quote from: semobo on May 19, 2021, 10:25:49 PM

Probably in future all these people will realize that they are investing on an overhyped share, but now they are the bigger electric cars and with the word electric cars are the future they are keeping them in the leading position but in the next 10 years we will see every car manufacturers will be doing the same.

They are rated high because of their innovation in technology as you can also see from the information posted above by Hydrogen how they are again bringing and testing new technologies.

Quote from: DooMAD on May 20, 2021, 03:39:44 AM

Apparently they're getting into trouble with their solar roofs project. Someone's filing a lawsuit. They do seem to have a talent for pissing people off, heh.

Indeed and there are multiple ways they have pissed people, you know what I am saying right Grin

.

It is good to see innovation coming from them but I would rather want them to stay outside the crypto world for a while. Accepting and later cancelling BTC payment method has overall only brought them negative vibes. A car manufacturing company should only focus on technology which they are excellent at but should avoid making rushed decisions.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

His real downfall is when he started making Tweets against Bitcoin or worse, when he started joining the cryptocurrency trend.
Obviously, his aim is not about the payment system that needs to be changed or his company want to accept, it's all about profits.
Dragging his investors into the same path and leading them where to put all those money and when to sell it. It's a good way to manipulate the small crypto market but not Bitcoin.
It didn't emerged just a few years back. It's roots are way back and it's not easy to take down a vast tree. Not a single guy or even paired with his rich partners.

grabpopcorn536

member

Activity: 476

Merit: 12

The world financial markets have been hot for many days. From March 2020 to now, the S&P500 has been hot and surpassed 4000 points. TESLA stock is among the fastest-growing in this index. TESLA's drop started when Elon Musk FUD Bitcoin. In just one week Bitcoin has dropped 50% in value and TESLA stock is down 25%. This is so coincidental.

Unplugged

full member

Activity: 352

Merit: 100

Bitgesell (BGL) Decentralized Cryptocurrency!

Quote from: Cryptoking1205 on May 19, 2021, 03:29:30 PM

TSLA is just as overhyped as Elon Musk.

That statement is quite true but really most of Tesla's products has been top notch and well delivered (ahem* Cybertruck). They are more inclined for a sustainable future but really the backbone of the company has been exploiting low-labor cost workers. Elon twitting and talking about crypto in general is a move to entice the market, other than that is just a plain tactic to squeeze some gains in a short time which will eventually result in a loss (which we see now since they remove accepting btc as payment and their stock price is affected).

perfect999

sr. member

Activity: 1708

Merit: 299

Quote from: Cryptoking1205 on May 19, 2021, 03:29:30 PM

The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.

One thing with TESLA that makes them seem like they are really ahead of other motor companies is their innovation. They are always coming up with new ideas on how to do things and they keep pushing. And apart from that, they also have a really huge fan base that is supporting them, through the influence of Elon Musk.

But, that doesn’t mean that other motor companies cannot be able to compete with them, they can as well do that if they want to, but they are going to have to do better than that and it takes hard work . Once other companies starts releasing their own and also coming up with their own innovations, then the competition is going to be leveled. It’s all with time. The company you least expect can even be the one that will pop up tomorrow.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Kong Hey Pakboy on May 21, 2021, 04:34:21 AM

Is Tesla operating? If yes then there was no downfall, though their stocks are suffering right now, I don't think that they won't be going away anytime soon, I think downfall is not the right word because it implies that Tesla will not be able to recover from this which isn't true since they are a revolutionary company.

^ It is fully operational and regardless of production rate, the promises of innovation Tesla is offering are too effective. That is why their stocks are soaring high even when profits were not there yet. Elon Musk is a capable man, that person is not just a businessman or even an entrepreneur. He is a technical person as well. That is why the trust of the people is with him and we can’t blame those people who support him. Not just that, his prototypes are solving problems that possibly be adopted on a global scale. A business model that is scalable is somehow promising though. Nevertheless, these are my opinion, let me know what is your take.

Topic: The Downfall of TSLA - page 2. (Read 657 times)