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Mpy71 t1_j5y9u7e wrote

Reply to comment by HardtackOrange in Who's laughing now by RetardGoneDumb

It dropped like 40% in a few weeks for no material reason, just speculative fud. Not surprising at all.

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Magnasparta1 t1_j5ydigu wrote

You mean the fact that Elon sell shares like crazy and keeps doing so? Oh wait he said he wouldn’t anymore and he’s not lying this time right?

No quarrels with the company but Elon is like a looming threat and boon at the same time. Imagine the stock price rn if he didn’t troll investors with twitter. Crazy.

Even without all that, still wouldn’t buy TSLA. Not yet, keyword: Yet. Consumer buying power is being demolished on a global scale. I just follow the cash and credit lines and a bubble is forming. Unless he cuts prices more idk how people are going to afford to pay. I don’t think the market has priced this in and others can’t convince me otherwise.

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Cramerhater t1_j5yfmf1 wrote

Have you seen the price of a GM or Ford truck lately? They are off the charts.

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Magnasparta1 t1_j624sis wrote

Trucks can have that kind of pricing power because typically they are bought as a business expense. I expect retail sales to slow from trucks dramatically.

Also I don’t think comparing a truck to an electric car is helpful for prediction of TSLA performance.

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wondersparrow t1_j5yfea4 wrote

If every unit made, is sold quickly, how is it time to lower prices? We saw one adjustment when sales slowed, I am sure more will happen when the time comes.

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Magnasparta1 t1_j624f37 wrote

Im not saying it’s time to lower prices right now. I just think there will be another time where lowering the price again might be necessary to make sales. Consumer spending power is peaking, not destroyed yet.

Americans are spending what they don’t have. Units will be sold until banks aren’t willing to lend anymore.

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BeerPizzaGaming t1_j5ypxwh wrote

With the number of Tesla graveyards they are poised to make a killing once the EV battery material sourcing requirement kicks in. They will keep just enough raw materials for their own batteries and then sell the rest to others at a huge premium. People are literally paying $22K for a new battery assembly when the can fix some issues for less than $10 from their local hardware store if they knew what to look for and do.
If there is a case of "right to repair" against Tesla (or Apple and Samsung) then load up on as many Puts as you can.

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