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RE: Guess I Was Right About Tesla
Great points.
Of course, I could barely get off the floor from laughing to type this as I read the last sentence. "If any other company had this kind of government assistance I can't even begin to imagine what kind of electric cars we would all be driving today."
After reading that I last sentence I realized that the whole article is either farce or satire. I'm going with farce.
You could take it to mean that but I have seen enough hatchet jobs on Tesla to know that people actually believe what is in this article.
Looking at the comments, there were people who agreed with what was written so it could be possible this guy believes it.
Jeez, I guess you're probably right.
Now we're seeing that Tesla has pushed GM, Volvo and Mercedes to actually come into the modern automobile age by moving their lines to majority (and soon enough) only electric cars being produced. A few months ago those guys considered Electric to be gimmicks (see Bob Lutz).
At this point the path is littered with the bodies of those who predicted the demise of Tesla / Tesla Stock / Elon Musk. Heck, I think there's a special bar where Tesla short traders go to cry in their bourbon each night. They might be right this time around, and if they are I'll buy Tesla on the bounce, which would be great to get back in at $220.
I expect Q4 numbers will be very solid for Model 3 - and overall I'd expect 32-34K vehicles to hit the streets.
All while building the world's biggest battery for delivery in Australia. And, launching more satellites with reusable rockets. (Not sure where the hype and fraud are there)
I would love to see TSLA at $220 again. I dont think it is going to happen. Too many long term holders for it to drop back that far. It if approaches $300, buyers will jump in.
You are right, people have been announcing the demise of Tesla for a couple years. I watched one guy who admitted he thought AMZN was overpriced at $400 said that he is bearish on TSLA like he has been for tow years. His comment, why should I change now? Perhaps because you are WRONG.
Q4..Q1 next year....at some point Musk will get the 3 rolling off the assembly line in force. Right now, he is producing more electric cars than any other company in the world. He might not be able to keep that edge since he has some big competitors. That said, they all have to, at worst, retool, for electric or, more likely, build new factories. Well, guess what Ole Elon is doing...building more factories.