Tsla without Bitcoin is trading at the same levels at Tsla with Bitcoin. I like reading and analysing as much as most smart ppl on r/investing Reddit but I also learnt to pull the trigger, cos the markets overall dont make much sense. We got 0% interest rate and loads of rich ppl trying to park their cash . Even the debt market ppl are looking for more (!!) debt to invest into . Think about what would a very rich person do? Elon moved to Texas - 0% income tax, his wealth is mostly in Tsla stonks and cash, he was bearish on Bitcoin until late December (update: see MicroStrategy guy below) --another techie changed his mind. So yea.
2 years ago. Tsla was at $310 pre stock split, their target was around $4,000. Solid thesis, not just a bet. Go ARK.
The market doesnât seem to like the btc news? Or am I missing something?
not sure if satire
Itâs all to do with wallstreetbets vs short hedge funds on Tilray stock - no need to worry
I wouldnt try to rationlise whatevr is going on in the shortterm. I âlost a few grandâ today only for it all to be âcorrectedâ in an hour or so. VIX spiked a little. Long run TSLA is a GOAT.
Why would that be satire? Who is more clever than Elon?
*papa Elon
Probably someone who didnât predict zero new covid cases by April 2020 idk, Iâm sure we can find someone. Enjoy YOLOâing your ÂŁ into a single stock.
Toyota have just announced 2 new BEVs and a new PHEV. Toyota will be real competition
Lol whoâs going all in on one stock? I am concerned about the GBPUSD currency pair. Its now at 1.385 and only going o e way. My original point was I love tesla and hating the dollar and its inflation
I donât really see it Toyota took too long to transition to EVs. I think it will be a massive struggle for them to compete with Tesla. Look at Audiâs efforts on range compared to Tesla as an example. I think Rivian is most likely to be Teslaâs biggest competitor if they can get autonomous driving working and maybe GM with Cruise in the US. But both need to do well on range and battery innovation.
I wouldnât discount Toyota so easily. The sell more cars than anyone else. I can see them selling multiple millions of EV in a few years. They have dealer infrastructure all over the world and totally dominate large parts of the middle east/Asia
They obviously been working on this a while, they might be a bit behind on getting an EV to market but they have a massive headstart in the business of selling cars
Toyota (TM) has over 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins
On the currency risk I wouldnât worry about it too much, if Tesla is going to justify itâs valuation itâll have to be a leading car manufacturer in basically every market so itâs income will be very diversified currency-wise. Also if youâre bullish on Bitcoin then itâs cash reserves will be quite well diversified. So if the dollar weakens itâll push up the share price a bit because their non dollar earnings become more valuable so it shouldnât have a huge impact.
If Tesla were to justify the current valuation theyâd have to be bigger than all the other car manufacturers combined and a consumer brand across several major industries. They may well do that, but how long would that take realistically. Iâd say probably a decade, but theyâre priced as if already there IMO. They will need to 30x car sales just to match Toyota for example.
I hear VW id3 sales are doing well though Id buy jaguar ipace if I couldnt get a Tesla
You have to remember tesla isnât a car ckmpanybits a tech company that sells cars. The tesla technology is so superior. The battery day event shows you how far ahead they are
Most big car companies arenât just car companies.
HODL your $TSLA in Usd and dont sell ((not an investment advice))?
So much innovation in $ stonks.
âElon Muskâs Unlikely Journey: Got To Canada With $2,000 At 17, Dropped Out Of Grad School $110,000 In Debt, Now A Meme Lordâ Elon Musk's Unlikely Journey: Got To Canada With $2,000 At 17, Dropped Out Of Grad School $110,000 In Debt, Now A Meme Lord - CleanTechnica
âMore background: I arrived in North America at 17 w $2000, a backpack & a suitcase full of books. Paid my own way thru college. Dropped out of Stanford Eng/Phys grad school w $110k in college debt. Created Internet startup w bro & Greg Khouri (love bro & loved Greg, may he RIP)â - Meme Lord
Elonâs younger bro. just off loaded 25.6M worth of Tesla shares. Watch the charts when market opens.