• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Cont: Musk, SpaceX and future of Tesla II

Bogative said:
This post was from June 16, 2024. TSLA closed at $178.01 that day.

TSLA closed at $323.61 last night.

It's lowest closing price so far this year was $214.80 on April 7.

That's some brilliant stock advice right there…
Click to expand...
I guess I'm a fool. I could point out that the current valuation puts Tesla at 4.6 times the valuation of Toyota, a company which sells a lot more cars than Tesla, and makes higher profits too. But the share price is what it is. Can't argue with that. I think it's grossly overvalued, but what do I know.
 
Puppycow said:
I guess I'm a fool. I could point out that the current valuation puts Tesla at 4.6 times the valuation of Toyota, a company which sells a lot more cars than Tesla, and makes higher profits too. But the share price is what it is. Can't argue with that. I think it's grossly overvalued, but what do I know.
Click to expand...
Fast Eddie B said:
Exactly!
Click to expand...
Well, bubbles are meant to burst.
 
Bogative said:
Who said they did?
Click to expand...
You quoted my post when making the post about the "Tesla facility in Austin", my post was about seeing robotaxis on the street, the only way your post and link could be related to my point was if Tesla owned all of Austin and therefore mentioning the Tesla facility is the same as mentioning Austin.

So my point remains.
 
Last edited:
The Don said:
In the same way that I don't understand the price of bitcoin, I don't understand the Tesla stock price.

If the trading volume was very low then I'd put it down to a few Musk fanbois doing small trades in a market with very low liquidity (and hence artificially high prices and a big bid/offer spread) but trading volumes are high which means that professional investors and institutions are involved. I suppose that index funds are obliged to hold Tesla but I simply don't understand a well informed professional investor looking at Tesla, its future plans, its current model portfolio and its board and saying "Yes, that's a growth stock if ever I've seen one".

I guess this is one of the many reasons why I rely on professionals to do my investing for me.
Click to expand...
Too many big name portfolios drunk the Flavor Aid over Tesla's future profitability before it became obvious that the Galaxy Nazi was a two bit conman. They bet on a pooch and are now in too deep to do anything other than keep going.

Think all the silly money going into web 2.0 companies before the first tech stock crash or WeWork from a few years ago.
 
Fast Eddie B said:
I think two conflicting maxims are in play here:

“The past is prologue.” and “Past performance is no guarantee of future results."

If the past is prologue, Musk has a track record of home runs. Some investors are betting that there’s some “special sauce” that will allow for his venturing into robotics, A.I. and Robotaxi’s to also be home runs. And they may be proven right.

But I sold my TSLA shares on the basis of the latter maxim. I think the competition in each of these fields is formidable, and that Musk may be overreaching. I think relying on “vision only” for autonomous driving and disparaging the need for LIDAR and/or RADAR will potentially cripple reaching true autonomous driving. And there’s a LOT of thrashing around and lack of focus on Tesla’s core business, making and selling cars*. But I still hold that markets are efficient, if not always rational, and that all of these factors result in today’s stock price. In short, it’s where it “should be”, all things considered, and its future value is unknowable.


*An example: The CyberTruck was originally planned to have up to 500 miles of range. It barely has 300 miles, rendering it a poor choice for towing, where range is roughly cut in half. As a band-aid, they took deposits on a $16,000 “Range Extender”, which had to be permanently installed and would eat up about 1/3 of the bed while cutting down on useful load and still didn’t get to the promised 500 mile range. An obviously horrible compromise. And just last week Tesla axed the whole idea. I expect a class action suit from folks who only bought their CyberTrucks based on this expected future product. Buyers of the truck also had “Autopilot” included, but now they’ve been told it will not be forthcoming and they’ll need to purchase “Full Self Driving” just to get auto-steer capability. What a fiasco.
Click to expand...
The only company Musk was involved in that was successful was Tesla (I'm discounting PayPal because Thiel realised he was a fraud and removed him from any authority very quickly), and that was solely because of the work of the two actual founders Eberhard and Tarpenning. Musk simply coasted along for a number of years using their bpueprints and strategies before implementing his own whereupon the wheels of the company started grinding to a halt. Every other company he is involved in turned out to be a fraud (Solar City, Boring Company) or welfare queenism (SpaceX).
 
Darat said:
You quoted my post when making the post about the "Tesla facility in Austin", my post was about seeing robotaxis on the street, the only way your post and link could be related to my point was if Tesla owned all of Austin and therefore mentioning the Tesla facility is the same as mentioning Austin.

So my point remains.
Click to expand...
I just checked your post, you mentioned nothing about the street. To prevent further pointless replies about nothing of importance, there are streets that run through the Austin Tesla plant. There have been plenty of Robotaxis seen there by thousands of people. Just because you didn't see them in the press, doesn't mean they don't exist.
 
Bogative said:
I just checked your post, you mentioned nothing about the street. To prevent further pointless replies about nothing of importance, there are streets that run through the Austin Tesla plant. There have been plenty of Robotaxis seen there by thousands of people. Just because you didn't see them in the press, doesn't mean they don't exist.
Click to expand...
Running around a well defined and limited road network is alpha testing. When new models are released they are regularly spotted on real roads in disguise and they have been certified as required for compliance with local laws.
 
Last edited:
imo by the end tesla will be considered a cautionary tale rather than a success
 
Fast Eddie B said:
Well, there is a niche for them, albeit a small one. We’ve seen a half dozen or so on our Florida trip so far. Including a white-wrapped one that I think looks cooly futuristic.

But I’ll grant you that 50k or so sold to date falls far, far short of Musk’s rosy predictions. If they manage to get the bugs worked out, it could be a platform for a 3 row SUV. Something like this artist’s rendition.

53724984977_dc287d9813_z.jpg


Something like that just might really sell.
Click to expand...
There's always going to be a small intersection between the "I want to display my national socialist leanings" and the "I accept climate science" groups. Is it enough to save the company? No.
 
First time I've noticed a Tesla bod mention Musk's utopia of robotaxis will increase congestion. But not to worry his Boring company will be able to build tunnels for the robotaxis!

www.teslarati.com

The Boring Company paves the way for Tesla robotaxi future

The Boring Company breakthrough boosts Tesla’s robotaxi dream. Autonomous Cybercabs may soon zip through tunnels, solving gridlock for good.
www.teslarati.com www.teslarati.com
 
Bogative said:
I just checked your post, you mentioned nothing about the street. To prevent further pointless replies about nothing of importance, there are streets that run through the Austin Tesla plant. There have been plenty of Robotaxis seen there by thousands of people. Just because you didn't see them in the press, doesn't mean they don't exist.
Click to expand...
Tesla lets people randomly enter and take photos at their Austin facility?
 
Last edited:
Darat said:
First time I've noticed a Tesla bod mention Musk's utopia of robotaxis will increase congestion. But not to worry his Boring company will be able to build tunnels for the robotaxis!

www.teslarati.com

The Boring Company paves the way for Tesla robotaxi future

The Boring Company breakthrough boosts Tesla’s robotaxi dream. Autonomous Cybercabs may soon zip through tunnels, solving gridlock for good.
www.teslarati.com www.teslarati.com
Click to expand...
There are so many problems with this idea. To begin with, is the idea that a single company should have a monopoly on transportation services. Which is the utopia that Musk envisions. Seems more dystopian than utopian. It will lead to parking congestion even if it reduces traffic congestion.
 
acbytesla said:
There are so many problems with this idea. To begin with, is the idea that a single company should have a monopoly on transportation services. Which is the utopia that Musk envisions. Seems more dystopian than utopian. It will lead to parking congestion even if it reduces traffic congestion.
Click to expand...
What would probably be better is to put rails in one of those tunnels and have cars drive onto a platform on wheels that ride on the rails and have the whole thing pulled by a single efficient motor, you could call it a wayrail! (I know I'm a genius - you can send the licence payments in whatever crypto currency you want, just ensure that you send them in a solid gold box, to make it easier I'm fine if you want to send the gold as an ingot. That's an old fashioned word, ingot, that I've just invented, not many people know that.)
 
Darat said:
Tesla lets people randomly enter and take photos at their Austin facility?
Click to expand...
The facility has an eight lane highway running through the middle of it, a few public streets running through the rest of it and then some running around the perimeter of it.
Unless they have added access checkpoints within the last few weeks, you can exit the main highway, take the public street and drive right up to the front door of the factory.
I'm not sure if they are still available, but there was a company offering bus tours around the campus.
The YouTube channel I linked to earlier belongs to a guy who visits Giga Texas regularly and spends hours a day flying his drones around taking video footage of construction, production and whatever he finds interesting. He has dozens of videos of the Cybercab autonomously driving around the campus.

That's the long way of saying, yes, Tesla lets you enter and take photos of the Austin facility.
 
Bogative said:
The facility has an eight lane highway running through the middle of it, a few public streets running through the rest of it and then some running around the perimeter of it.
Unless they have added access checkpoints within the last few weeks, you can exit the main highway, take the public street and drive right up to the front door of the factory.
I'm not sure if they are still available, but there was a company offering bus tours around the campus.
The YouTube channel I linked to earlier belongs to a guy who visits Giga Texas regularly and spends hours a day flying his drones around taking video footage of construction, production and whatever he finds interesting. He has dozens of videos of the Cybercab autonomously driving around the campus.

That's the long way of saying, yes, Tesla lets you enter and take photos of the Austin facility.
Click to expand...
and there's no fencing between the plant and the street at all?
 
You must log in or register to reply here.

Back
Top Bottom