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Tesla/Lithium stocks discussion
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Lewis Hamilton's dog has more followers than most F1 drivers. That whole follower business is utter bollocks. Or am I getting old?
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I reckon longterm Tesla shares are not a great proposition but at the current $290 ish or whatever they are there's a very decent chance there's a quick 10% or so to be made. 3rd quarter results will be decent / on target I expect
Also, Elon's verbose will get them up too you'd expect
A strange ole share IMO but I'll take my 10% and walk away wishing Elon the very best for the future.0 -
Horrible price action for LT Bulls considering Musk just threw everything at the Q. Overall market sentiment is changing and Musk continues to remain adamant that he doesn't need to raise.
Let's not even mention the CC where the CFO basically said nothing and did not even allow for a informative Q&A. Can't wait to read the 10Q.0 -
Overall market sentiment is changing and Musk continues to remain adamant that he doesn't need to raise.
In what way? Are you talking about tech stocks in general or TSLA?
It doesnt really matter if he needs to raise money now as its not for day to day running costs assuming he turns in more profitable quarters. Q2 was a $700m loss and Q3 was a $300m profit. Even throwing "everything at it" as you say, surely that has to be applauded and acknowledged as a good forward sign showing a ~$1b turnaround in one quarter. If he ramps production up further (no reason to believe he wont/cant based on the last few quarters), that profitability should go up.... no?
I know there is debt falling due (particularly Q1 2019) but still?
If (more likely when) he raises more money it will be for expansion of new product lines (Semi, Y etc)... do you see that as an issue for its long term future? Surely any capital raises for setting up those lines is money well spent to grow the business?0 -
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What should he be doing to get the big picture? Raising capital before the market crashes? Lets be honest, if he raised more capital people would be shouting that Tesla is screwed because it needs more capital for day to day running. The whole point of him tightening the belt over the last few Q's was to show the company can stand on its own two feet now and start to pay down the debt related to the current product lines. It appears to have got to that point but obviously needs to keep doing so... one Q doesnt make a profitable year.
Yes they should raise now or in a few months time when the stock is at $250. I'm highlighting this because Musk is clearly incompetent and he wear this "no need to raise" like a badge of honor. And why would a shareholder think the company is screwed if they have to raise cash?New product lines are clearly going to need new capital though but thats not a deal breaker, imo, for the company to succeed.
They sell a luxury sedan with an ASP of over $50K. You honestly think the market for this will continue to grow exponentially? So with no new products they can sustain a market cap of $50B? For most shorts this isn't about whether they can succeed, it's about valuation.What red flags do you see? The 10Q will confirm or rubbish your claims but be a man of your conviction here and let us know what the issues are since you are saying there are so many red flags to wave. What have the big shorts been saying since the results? Has anyone poked any big holes in the results yet?
You're asking me to "be a man of conviction" and you don't even have a position yourself?
Check out this thread (not a radical short) for some legitimate questions:
https://twitter.com/Badger24/status/10553598764303196170 -
Yes they should raise now or in a few months time when the stock is at $250. I'm highlighting this because Musk is clearly incompetent and he wear this "no need to raise" like a badge of honor.
You see, its statements like "Musk is clearly incompetent" that makes me roll my eyes a bit. He has created several multi-billion dollar companies. Thats some incompetence! He is far from incompetent. You might not like his style and he has made many mistakes but thats business. You think other companies dont "dress things up"!?And why would a shareholder think the company is screwed if they have to raise cash?
Simple. The narrative was that the company is bleeding cash (which it was) and they will never make the Model 3 profitable and will need more cash to stay afloat. If he raised more capital over the last few months it would have further fuelled that narrative.
He is almost certainly going to raise more cash, but it will be on the back of several profitable quarters first, imo.They sell a luxury sedan with an ASP of over $50K. You honestly think the market for this will continue to grow exponentially? So with no new products they can sustain a market cap of $50B? For most shorts this isn't about whether they can succeed, it's about valuation.
Exponentially, no. But with significant growth, yes. They havent really tapped the market yet.... just US and Canada and with the most expensive version only. Cheaper versions and expansion to Europe and China will show significant growth potential in the medium term.
Also bear in mind that govts around the world are banning diesel so that will push more people to electric and the customers they are currently selling to are tending to trade up from much cheaper cars so they are not just tapping the luxury sedan market.... unless you consider the Prius and Civic as luxury!You're asking me to "be a man of conviction" and you don't even have a position yourself?
I was asking because you tend to make "short" like statements that are just to create FUD, imo.
My "position" is that I want Tesla to succeed. Nothing more or less.
Its an overvalued stock but thats the stock market for ya.Check out this thread (not a radical short) for some legitimate questions:
Thanks, at least there isnt any FUD in that, just some unanswered questions.
Some of the questions (european homolgation, governance etc) were a bit meh. Not really red flags. Some others require answers alright.
I too was perplexed by the 30% labour hours gain in one quarter. Its hard to see how that magically happened.0 -
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