Tesla: Wall Street scam in plain sight

Discussion in 'Markets & Economies' started by mmm....shiney!, Feb 25, 2015.

  1. Silver260

    Silver260 Well-Known Member Silver Stacker

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  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    "There were two financial advisers who were shipwrecked on a desert island. They had no money but over the next three years, they made millions of dollars selling their hats to each other."
     
  3. pennys

    pennys Member

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    Greater danger of HF bots triggering an avalanche of stop losses

    Tsla is not your typical asset bubble though. First/Last earnings were pathetic/negligible. It looks like it has been modelled on Bitcoin to be a vehicle for short term profit short selling the hype and vice versa. Actually preying on the same money moving money in Robinhood from Bitcoin to Telsa. I really liked Musk until he became somewhat obsessed with cryptocurrency on Twitter. Now his business model is to be a jackass appealing to college students like by passing joints on Joe Rogan's show or releasing a dance music track a week or so ago. He is a scammer and with Telsa we are witnessing the very same type of frontrunning the tech as the dot com boom. Batteries and especially their cooling systems need a good decade before being competitive in terms of energy density and cradle-to-grave emissions.
     
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Thanks for your post @pennys. I'm a crypto investor/holder so we may disagree on the BTC bit to some extent but Musk is not doing himself any favours in dispelling the view held by many, and for quite some time if you look at the original post in this thread and the link to Stackman's oped (34 pages and 5 years ago lol), that he is a scam artist.

    I suppose theres' got to be a mega-scammer in every generation. :p
     
  5. Silverthorn

    Silverthorn Well-Known Member

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    Looks like Ford will be the first with some competition for Tesla. On range, price and tech it looks good. They have tipped a lot of money into Rivian as well.


     
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  6. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    An electric SUV with a Mustang badge......Hmmmm.

    I'm no F--d fan but thats like Penfolds putting out a flagon of artificial colours & flavours (with no real grapes used) and calling it "Grange". Lets see how the Ford tribe react to this.

    Anyhoo, I suspect they'll have to sell this EV with one of these thrown in for free.

     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’d buy one!!

    Or maybe I can retrofit the ‘63 Valiant in my garage?
     
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  8. Silver260

    Silver260 Well-Known Member Silver Stacker

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    I've got a mate who's converting a VW Kombi.
    I've got a Datsun 260z, thought about it, but you can't beat the sound of an old school straight 6 ( triple webers ) .....so that won't be happening, lol.

    You've got the slant 6?, or V8?. Either way, hard to give that experience up :)
     
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  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    6, it’s my son’s but he’s got no room at his place. Yep loooove the sound.
     
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  10. JulieW

    JulieW Well-Known Member Silver Stacker

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    In London an acquaintance took me on a few tours in his V12(?) Ferrari through the tunnels and some of his favourite circuits, and I must say there is something primal aroused with the sensory overload of exhaust sound bouncing throughout the tunnels, and the excitement as you're apparently thrown backwards in the leather seats as you try and catch your breath and beating heart.

    I drive a little commuter vehicle and it works which is all I need, but those journeys explained very clearly why you boys love those big toys.

    To paraphrase Freud, sometimes a car is just a car

    :D:D:D
     
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  11. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Oh yes, a V8/V12 in a tunnel, kick down the gears, give it the HushPuppy ......love that music. Got some tunnels up my way which provide some nice reverb. :D
     
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  12. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Tesla stock slammed as company announces plan to issue up to $2 billion in new shares

    Tesla Inc. shares TSLA, -3.03% slid 5.8% in premarket trades Thursday, after the electric-car maker said it is planning to offer about $2 billion of common stock in an underwritten deal. The company said Chief Executive Elon Musk will participate in the offering by purchasing up to $10 million in new shares. Board member Larry Ellison will also participate by buying up to $1 million in stock. Proceeds of the deal are slated to be used to bolster the company's balance sheet and for general corporate purposes. Goldman Sachs and Morgan Stanley are underwriting the deal and have a 30-day option to acquire another $300 million in stock.

    https://www.marketwatch.com/story/t...ssue-up-to-2-billion-in-new-shares-2020-02-13
    --
    Maybe "slammed" is a bit strong for only -3% in premarket, but the news is interesting...
     
  13. Jason1

    Jason1 Well-Known Member

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    It seems these days if you call your company a tech company even when it clearly isnt, some how you can forever run at a loss and still make huge gains on the stock market.
    Its F'n crazy that some of the most popular companies trading these days have never and will likely never turn a profit yet people keep investing in these dogs.
    How the hell can that happen? its clear a majority of these companies that have massive debt would likely never make a profit. Especially when some of them are ten + year old companies with billions of dollars of debt with no clear plan to get out of it.
    This new generation of investors are clearly retarded and happy for these grifters to take their money.
    Tech giants make the banks look like saints, but the tech giants can get away with murder in the public eye.

    Its got me stuffed how this all happened.

    as for tesla, I guess there is allot of money tobe made when governments around the world are happy to throw tax payers money at you.
     
    Last edited: Feb 13, 2020
  14. heartastack

    heartastack Well-Known Member Silver Stacker

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    It’s some kind of mutated form of socialism specifically for speculators
     
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  15. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    There was a good (imo) blog post on the 'green bubble', the author suggested:
    "I contend that E.S.G. was a crucial part of this rise. Tesla has become the go-to alternative energy car company. How can a portfolio manager run an E.S.G mandate without owning Tesla?"
    https://themacrotourist.com/coming-green-bubble/
     
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  16. Jason1

    Jason1 Well-Known Member

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    sounds about right
     
  17. Timmy88

    Timmy88 Active Member Silver Stacker

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    On another front of this company is something that most are unaware which is the right to repair and how hard Tesla make it to repair/maintain your car. Its okay if you just paid 100k plus and just drop it to the dealer for service (there a no dealers anyway if I am correct) and pay the ridiculous bill.
    But once the car is a little older 5 to 7 or 10 years try calling Tesla and asking for some parts do you think they will have it? Do you think it will be reasonably priced, more important do you think a normal mechanic can install it with out pulling off 100 things to gain access. Doubt it.
    Add to this is the complex electrics, no access to diagnostic software or even diagrams schematics for basic troubleshooting you have a winning combination of a disposable car that on the second hand market is worth scrap and contributing to global warming at an accelerated pace.

    There is a reason why your your 20 plus year old Landcruiser with half a million km is still worth 15k as bare minimum. Because it’s reliable, easy to fix, few electrics and parts are everywhere.
    I’d bet is better for the environment to fix repair something than to throw it out.

    Timmy
     
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  18. mattyman174

    mattyman174 Member

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    Unfortunately for products that are on the frontier of innovation that is yet to be widespread with a healthy level of competition to drive improvements in services and other albeit secondary considerations to the ultimate purpose of the product is just the way these things go.

    You cant have it both ways.
     
  19. Silverthorn

    Silverthorn Well-Known Member

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    Gigafactory Shanghai is racing away with the new factory.




    Meanwhile Gigafactory Berlin has barely scratched the surface.



    China will be pumping out Model Ys before Germany have even finished. How the west was lost!
     
  20. leo25

    leo25 Well-Known Member Silver Stacker

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    What's the rush? Oil is so cheap anyway, so why buy a poorly built & over priced electric car?

    In the meantime Germany is focusing on building real cars.

    [​IMG]
     
    Last edited: May 3, 2020
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