$Tesla Motors(TSLA)$ Ever the tesla bear, lets look at some facts.
1. Elon wants his $49 billion salary deal approved, would he do anything to manipulate the share price prior to the shareholders vote to have it approved? Heck i would
2. EVs are NOT actually that environmentally friendly, the environmental footprint to manufacture them sucks. Combine this with them being charged by electricity made from diesel generators or coal or gas generators, i mean seriously
3. The cyber truck, an off road vehicle that has no spare tyre, an accelerator pedal that sticks, panels that rust, don't line up, and have sharp corners. Seriously? and marketing claims that are just lies, no cant beat a porshe towing a porshe actually. Serious lies.
4. The semi truck, basic model with a range of 300 miles. Really? And actually if you look at all of the mileage claims upon going to market they are down graded.
5. Batteries, in my experience they are getting way more powerful, but they just die faster. As a builder, my biggest expense was buying expensive corded tools, now thats changed, my corded tools I purchased 20 years ago still work, my biggest expense now is replacing batteries that won't charge.
6. Competitors, there are a lot, and one in particular is a lot cheaper. Serious headwind.
7. Elon takes the credit for alot, but hes not an engineer. My BS gauge is just exploding. Shite does not stick to teflon, until you use it enough, then it really sticks.
8. If you are doing so well, why lay off so many staff, and so badly... and then want such a absurd salary, i have to question Elon's, well ethics actually
9. But money talks, and ive had the misfortune in my lived experience of running into several conmen that pretended to be rich to try to extract money from me and others around me. Lots of elaborate tricks getting you to pay, because heck they will reward you tenfold.
Nuts before i run out of words id better end this rant. Obviously this is just my personal opinion, based on information i see and critique with my own lenses. Nothing personal against Elon or tesla. I just see huge red flags, based on my experiences.
My prediction for the stock price, well it's probably going to keep going up short term. Long term, if the promises continue to not be delivered on, eventually the people with too much skin in the game will be the first to jump into the lifeboats, and everyone Else will go down in the sinking starship.
But a final thought, Elon will be remembered as one of the greatest visionaries of this century, or forgotten as one of the biggest bull shit artists. I just don't know to be fair, but stock Investing involves risk. for me with tesla there are too many uncertainties, therefore too much risk@Jo Ker @Hen Solo @Tiger_chat @Guavaxf30
Modify on 2024-05-22 12:16
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But with the Tesla army of trolls, I think they will continue to soak up all that Musk claims and the share price may keep high for the moment.
For those willing to take a chance, a short term long punt may be the strategy for now.
But please make your own decision. I am only sharing what I see is the pattern.
Tesla prices run up whenever Musk makes an incredible promise.
Recent ones are Robotaxi and Semi-Truck.