TSLA Pumped by Degens? Brace for Brutal Fall!
The Man & His fans.
To his many fans, Mr CEO, Elon Musk is the future.
Whether that future means:
- Self-driving cars (ha, ha, ha),
- Brain chip implants (he should volunteer to prove his vision),
- To colonized Mars (he should lead by example), or
- All of the above.
The fans believe in the billionaire’s ambitions and, more importantly, his capability to bring them to fruition.
Why ?
Doesn’t his uneven track record as both innovator and entrepreneur mean anything?
If there is anything he has done “right”; that is his ability to maintains a reputation for high-tech triumph, it’s in part because he’s been a relentless self-promoter, announcing new projects at such a clip that headlines can never quite catch up with the failed and abandoned ideas left in his wake.
By appearing restless, driven, always in pursuit of the next big thing, he adds to the impression and illusion that he’s accomplished plenty.
The man is at it again on the run up to Tesla’s Q2 2024 earnings reporting due on Wed, 17 Jul 2024, according to Nasdaq info.
What Has He Done, Now ?
For a start, he has ramped up his shenanigans lately. (see below)
- Mr CEO went on a ramble on his social media platform X to apologize for delay in the latest autonomous driving app ver 12.4.2, that was supposed to be released in May 2024.
- Being late has become signature of Mr Musk; proving how “effective” he is.
- Looking deeper, he was simply leveraging on the explanation as an excuse to fan up excitement in Tesla’s autonomous driving hopes (false ones!)
- After all that has been said and done, Tesla’s FSD is at most a Level 2, that still requires the Tesla driver to be hands on. Ha, ha, ha.
- Elon Musk announced Grok 3 will be "something special" after training on 100,000 Nvidia H100 GPUs.
- $NVIDIA Corp(NVDA)$ H100 GPUs, a key component for AI, are estimated to cost between $30,000 and $40,000 each.
- It's unclear how many of those H100s were purchased by Musk's companies, or rented, that is also possible.
- The doubt in my mind is — when the processors are “too” powerful, wouldn’t it hide and mask the inefficiencies of an AI-chatbot?
Purpose of Hoo-ha(s).
The man knows very well what is holding Tesla back.
It is its lack of Artificial Intelligence (AI) capabilities.
It is the reason why Tesla is at the tail end of the Magnificent Seven.
Honestly, drumming up “half-bake” AI-hopes is like building a sand castle; one false move and it comes crumbing down.
Q2 Forecast
As companies report their Q2 2024 earnings, analysts on Wall Street are now focusing on Tesla, the electric car company.
Guessed what, they expect Tesla Inc. to report another quarter of weak sales. (see below)
Bloomberg reported that analysts surveyed are:
- Estimating Tesla will report that it has delivered over 439,302 EVs.
- This will be a -5.8% YoY decline.
- And this will be a 2nd consecutive decline.
- Harking back to the days in 2012, when Tesla last posted when it was phasing out its first model, the Roadster (that ironically, it is bringing it back in the not too distant future).
My viewpoints: (mine only)
- What is the value proposition of Grok, even if it is a successful build? Do you think there will be commercial viability? Meaning, which company will risk it to go with Grok instead of the others, where the creators are less “dishonest”.
- As for Tesla autonomous driving, it is hoped that the man does not oversell his vision that is clearing lacking in finesse. (see above)
- Let’s call a spade a spade. When it is not ready, just say so!
- Yes, it is an important race to reach Level 5 autonomous driving certification from a business point of view.
- However, the bigger issue is human lives are at stake.
- How many more misguided and mis-informed souls are going to be lost in Tesla’s pursuit of Level 5 autonomous driving.
The only consolation is that “there's something highly satisfying when karma strikes“.
- Do you think Tesla’s Q2 2024 earnings will be better than analysts’ predictions?
- Do you think Mr CEO's recent actions are just to boost Tesla's stock price? That way, even if the company's quarterly earnings are bad, the stock won't fall below $130?
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Pls help to "Re-post". Tks! Rating is important (to me).
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Yeah I agree we should have more faith
keep holding on tsla!!!
I have submitted a prediction for Tesla in addition to the prediction post for FFIE.
May I know why during weekly selection, you selected my FFIE prediction over and above my TSLA prediction?
Could I have won the top 3 posts if you had considered my TSLA prediction post?
Can explain the logic behind your processing of my Weekly prediction posts?
Your transparency is appreciated.
@TigerStars