Topic: The Downfall of TSLA - page 3. (Read 630 times)

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.

I think he failed to grasp the political and economic argument behind the soundness of Bitcoin and has only yet focussed on the technical part.

This is why he jumped on the wagon without being clear about why the community has stood behind Bitcoin for so long and why do we need PoW from a coin with no central leadership, open development and a history of securing billions in transaction. The comment about 10X blocksize and blocktime was so un-informed that I couldn't believe it was Musk. We all know he doesn't do everything by himself but he is behind a lot of design activities in SpaceX. This just confirms though that being an expert in rockets doesn't make you an expert on cryptography. A lot of newbies think so.

It was funnily evident on one noobs' reply to Adam Back on Twitter asking him, "Do you think you know more about crypto than Elon?". The community was like, "Duh, yeah he does".

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.

how I see it, this is the real issue
Elon is an innovator, he heard about Bitcoin innovation, get interested, but it came out that Bitcoin innovation is finished, and Bitcoin is pretty much unchangeable at the time being
for Elon, innovation is the state of mind, and it does not seem as he would stuck with unchangeable things, or be interested in it, no matter how hard this innovation is changing the world in other means

nevertheless, I do not think that he is done with cryptocurrencies

Totally agree. At one point, Bitcoiners are like the champions of this new technology that will replace money and make people have more financial control than what the nexus of politicians, banks and corporates allow them. On the other, the moment their fiat earning are taking a dump, they are out rallying against the EV revolution that Tesla started.

None of the other automakers were interested in putting money and research into EVs till Musk came along and showed that this could be done and people will buy them. Not to forget his other long term plans plus innovations at SpaceX. The re-landings are now routine. SN15 just did the first successful re-landing. Every day the guy is pushing the envelope of whats possible for humans. Antagonizing that community doesn't really match up to the values of Bitcoin.

"Plans to design" is a long way off from an ability to build. This is a hype piece and there's nothing of substance. Elon's "plans" are pretty worthless. He overhypes everything and falls short on the hype when push comes to shove. He's been promising battery breakthroughs for years already and not delivered on it. It's only in the past year that he's started meeting the annual vehicle production rates he promises; he's quit well-known for setting production targets and never reaching them.

So yeah, Tesla's overvalued because they haven't done squat about the batteries yet and Elon's "plans" to solve the battery issue isn't worth anything until he actually does it.

I would have completely agreed with you and your thesis if Tesla wouldn't have been making breakthrough technologies everyday. The sole fact that Tesla is the market maker in almost every product they try to step in is the reason that their stock price command such huge premium. I do agree it might look overvalued if you see the financials and especially that the company is actually running on operating losses. But the primary cost of R&D is the prime reason behind the huge losses of the company. Also despite operation losses company is Cash. positive infact has such huge cash reserves that it decided to invest in Bitcoin too. I do agree it is slightly overvalued but if you add the sentimental value of Tesla it's round about exactly where it should be. Moroever, I don't think Tesla would correct a lot instead I think it's financials will soon start reflecting the reason for such a price.

If people want to claim that Tesla stock is overvalued, that is not because of what they do, it is because what they claim they will do and I do agree with that.

I do not think that Tesla price being overvalued is a problem, there are so many stocks in the world that are overvalued because people keep investing into stocks and some of them are at the top, Amazon for example was overvalued for over a decade because it was a company that did not profited, and yet people still valued it so high, all because the potential of what it may do, well it did it now and it went up even more than expected which means it is overvalued even after profiting.

Think of these both (and many other) companies as these numbers (numbers are made up, but it is just example), you pay 1 dollar to a company because it will be 5 dollar in the future but right now it should be valued at 0.50 dollars, then one day it does become 5 dollars and you tell people "see I told you so", just because it reached 5 dollars doesn't mean you bought it too expensive at that time.

It is very hard to say something is overpriced or not. The price is always looking at the future, as investors are looking at the future, always. This is why we have so much volatility in all markets, because the future is always uncertain. 

But the future looks bright for tesla. There is a real "green" theme in the air , and now that trump lost the election, biden is really a more green guy. He will give more subsidies to green companies, like tesla.

Personally  I believe that in the future old cars will lose ground year after year... electric cars are cleaner and more silent.

So its make sense to see Tesla worth more money than Ford or BMW.


I also agree with hydrogen here. Tesla is developing new technologies,  which will be used in many different industries.  Thise batteries are more potent, and their tech will be everywhere in the future. This is a tech which may change a lot in our world.

It is sad that Elon musk is a lunatic ...

Of course, I targeted only the ones that were spamming the whole Tesla Elon hype around and who now are screaming exactly the opposite, the people throwing stones at Saint Elon, at looks like there are quite a lot of them, May isn't over yet and he has a lot more tweets ready as far as I can guess .

As for Tesla, quite funny, I disliked that company for a long time and especially their valuation, how the hell can it be evaluated that much right now as it's bigger than the other 8 major car manufacturers, they would have to produce half of the world cars and the other ones waiting patiently and see their market share erode and all this while exactly the opposite is happening as Tesla is losing market share in electric vehicle car sales, even if we exclude those Chinese cars that will never be allowed for registration in the EU.
But if they fail in the end it's not going to be because they've sold BTC at the wrong time or bitcoiners boycotting them

Other than that I'm a bit concerned with this antagonization of Tesla some hardcore bitcoiners are pushing overall social media.
I've seen few discussions where people trying to defend the power issue have started calling tesla owners all sorts of names and accusing them of killing the planet and so on, this is just making more people avoid bitcoin in the end.


Or undervalued...when Elon comes back and says he has bought another 1.5 billion worth of BTC 

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.

Even though the stocks may be overbought, Elon Musk's legacies are undeniable because of the revolution started by him. Besides, SpaceX seems do not to have any competitors at the moment. Maybe space adventure is what he truly looks forward to

I tend to agree and as I can see, Tesla’s CEO is really good at framing the mass in a way that they become somehow hypnotized.  The company really is capable of having good and innovative technologies.  The only problem is that they less at execution and mass production and that is too important in the industry they have chosen.

Tesla stocks or shares are having value not because they earn good profits, it’s because the company is promising enough to convince them.  That's a too important set of skills the executives have to have on their skill sets.

It just works fine now, but when the time comes, Tesla will be forced to mass produce as if they are not able to it, then they would go down massively IMO.

Or they are unable to deliver their proposed targets. Pick your poison. Not that they cannot do it, but with the amount of money that are being pumped into TSLA, they should at least be able to avoid months on manufacturing. But that's currently what's happening on some of their EV models. It must suck so hard to the consumers who paid in advance and wait for months to actually get what they ordered for. especially if the automaker mentions that they can deliver it in X time frame. I like the concept of electric cars replacing gas automobiles for a more sustainable environment, but Musk seemed to get his ego overinflated by receiving too much praise for his 'revolutionary' company.

Sooner or later, Toyota, Honda, Ford, and other car manufacturers would catch up, and that's a fact.

I happen to agree, and I think you're correct about the rest of the world's auto makers.  Tesla just happened to be the one that kicked off the electric car craze.  If indeed the world starts moving toward electric vehicles, you'd better believe Ford, Honda, Toyota, Mercedes, and all the other car manufacturers will begin producing very fine e-vehicles, and Tesla will be just one among many.

I haven't looked at Tesla's market cap--is it really greater than all the other auto makers combined?  I find that hard to believe, but if it's true, it's absolutely absurd.  The short sellers are going to get rich, no doubt, but it's just a question of timing.  Who knows when Tesla stock will drop to a proper valuation.  Right now the stock market seems to be in a period of irrationality, and such periods can last quite some time.

I know your post wasn't directed at me in particular, but for the record, I don't think I've ever cheered Tesla other than to perhaps state that them accepting bitcoin was cool.  Nor have I changed my opinion about them as a company (I don't really have a strong opinion, but I do like e-cars).  I don't even care that they stopped accepting bitcoin, though I think Elon Musk didn't/doesn't think things through thoroughly before taking action--at least he didn't appear to when he started dabbling in crypto, as you put it. 

And I bet you didn't give a damn about this till Elon started dabbling in Crypto. Nor did 99% of the other people who are angry now cause they feel like they can't covert BTC in as much precious fiat as they could one week ago.

Do you know what's absurd?
This whole obsession with Tesla and Musk, the whole cheering when they were accepting BTC and how Telsala is truly innovative and then how the same people were shouting that no bitcoin owner would ever buy a crappy car like that.
It's amazing the amount of spit people can throw at something after licking it so clean it shined stronger than the Sun!

Bitcoin was supposed to be about freedom, not about cursing to death the people you don't like!

Actually i really do not care what happens to TSLA and his owner, am sure he is more than capable to make some tweets and boost the price of tsla up when it dumps, i really hope it does then i will have to see what manner of tweet he can make to raise the price back up, am seriuosly rooting for other giant automobile to take up the challenge.

At this time Tesla cars are hyped in the market comparitavely to other electronic cars like Ford because of the Batteries, speed and AI technology but more sales are in the name of Elon Musk at this time.The overpriced share prices fell from 52 week high of $900 to $563 at current but major important dips came afterwards Elon Musk announcement of Tesla banning Bitcoin acceptance.He has also lost second richest position after that because of his constant tweets against crypto market.But Tesla has some unveiled plans to compete for future like introduction of batteries as stated by @Hydrogen because share prices went up whenever there is some positive rumours in the market and investors purchase bulk future orders rising share prices.Moreover he is building many gigafactories in various countries to expand his business and planning to add on more AI feature to car industry.So you can say he has plans and know what exactly to do at what time.This is his business strategy in which he is succeeding.

We already know that.Tesla is profitable only because of the regulatory credits.
I wonder how the Tesla stocks increased their price more than 10 times for 3 years.This must have been some sort of market manipulation.Bitcoin isn't the only financial asset with a manipulated price,I guess.
I think that the only competitive advantage of Tesla aren't the electric cars,but the Li-ion batteries.
I also think that not only Tesla,but electric cars in general are over hyped.

You can't believe what Tesla says. I remember they talked about a new roadster in late 2017. They've shown a prototype telling it would be available in 2020. But the world has yet to see it, same thing for the semi truck which was unveiled at the same time.

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.