Don’t you mean it was relatively boring for short term investors? For long term investors it was phenomenal!
Not for this retired engineer. I wonder if they'd let me work for free or shares of stock? Bob Wilson
Exactly. I thought it was quite impressive. It will realistically take at least several years, but 4860 cells effectively mean double the range at half the cost/kWh.
His side kick on stage at battery day today basically repeated the Elon dictum that if you can find everything that’s wrong with some system/process and fix it or make it less bad, Tesla has a job for you. Biggest problem might be Tesla corporate hasn’t found its way to your town yet.
talked with a couple Insiders. One thing they don't do, unlike traditional manufacturers? You don't get any deals if you buy a car - while you are working there - putting them together or selling them. .
My impressions: Was expecting a market correction - there is a correlation (not causation) between S&P500 prices and TSLA. In anticipation of a significant drop, I took profits on some shares pre-split. S&P500 skip - more a problem for the committee, the high TSLA prices would make joining a painful addition. I don't fault the S&P500 but believe they will eventually regret today's prices. My thinking is many S&P500, following funds are unloading the TSLA they had acquired around the split. A softening would reflect this 'caution' shares coming on the market. EV ignorance - seeing how NKLA was bid up based on 'Trump-style' talk and the more recent step back from TSLA after battery day, the 'investor class' doesn't understand the technology and the long game. In effect, they have MAGA-hat investment mentality which makes them unreliable and unstable. I have bought back part of the small stocks sold and will soon 'snipe' them back. Of course there are no guarantees but battery day made a lot of sense. FYI, we have a core holding of TSLA not subject to 'carpe diem.' Bob Wilson
Thanks to Wall Street ignorance: $395 - shares $385 - shares So what is your excuse @bisco? <grins> None expected. I want to pickup a few more at a "blue light" special. Bob Wilson
Short term investors were so busy with their nearsightedness today, not seeing some immediately available product come out of battery day. Meanwhile today, California's governor Gavin Newsom today issued an executive order to restrict new car sales in the state to only zero-emission vehicles by 2035 and require medium and heavy-duty trucks to be zero-emission by 2045 where possible. Other states and countries will follow as is always the case. Long term investors will likely put 2 and 2 together - the battery day announced 4860 cells effectively mean double the range at half the cost/kWh, and just a few years away. Pair this with Governor Newsom's order, and the person who builds the most EVs and electric grid batteries with the lowest manufacturing price/kWh stands to make hundreds of billions to trillions in profit.
No impact for years on their lower priced almost affordable models. The plaid S is ridiculous for the price. Ranks right up there with 160MPH speedometers. Who needs them. Invest in the tire maker who makes the tires. How long do you think they would last? Interesting advancements on their chassis changes via single piece large castings and battery part of structure. Crash tested yet? Does China require that? Certainly going all out in terms of building advanced manufacturing and diversifying locations. I wonder if their new facilities costs exceed the expenditures of all the other car makers combined in terms of EV production facilities. It sure is nice to build from scratch and not be trying to retrofit. But remember all their automated production initiatives haven't been successful. Interesting Lawsuit over bringing China built cars into the US. And lastly, other than vaporware brands, the other battery makers aren't telegraphing their roadmaps and some of these improvements are available to all.
Translation, 'Cramer says wait (until I'm done) to buy ...' I bought all of my TSLA without his 'help.' Bob Wilson
