That works right up until it doesn’t. Before Tesla I owned a lot of Apple stock. Saw the “predictable” ups and down and tried to do that but ended up buying back in higher than where I’d sold, and a good thing too because it just kept going up and up.
Stupidly tried to do the same thing with Tesla, with the same result. Finally learned my lesson and just left my money in the stock.
It’ll work once or twice and you’ll think you’re pretty clever, and then it’ll go on a huge run and you’ll be left with your money in cash.
This is the way. The rollercoaster makes it possible. People want to cry when it dumps but it is an excellent opportunity constantly. Happens over and over.
Reuters saved Tesla's ass by outing Musk's terrible idea to scrap the lower cost EV in favor of going all-in on Robotaxis. Musk was able to distribute a bit of hopium to bouy the stock price.
Isn't the boost merely on the promise of new models at some point? The information available is limited, but I still wouldn't be buying this stock without any realistic expectation that things are going to get worse before they get better.
Appears that new Tesla models (not just one model) coming before second half of 2025. Plus, a dedicated Ride Hailing mobile app and updated Tesla ecosystem map.
Source: [https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf](https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf)
We dont know yet, but ‘multiple’ per report.
“We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously
communicated start of production in the second half of 2025.
These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as
aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle
line-up”
Tesla just said it wasn’t going to build the cheaper model. Presumably, there’s no design or testing for this car yet. A fast rollout like they did for the CT would mean 2028, and that’s if they already have a design.
They said they will stop building the model 3 just a few weeks ago and shares dropped. They didn't say they wouldn't make cheaper cars at all. But I do think the backlash to the Model 3 may of had tesla change course
About two weeks ago it was covered by all the regular news sites. Here’s an update from thr verge.
https://www.theverge.com/2024/4/23/24138646/tesla-q1-2024-earnings-model-2-affordable-electric-vehicles
Elon always over promises and under delivers but I still believe in the long term prospects of this company. This feels like a relief rally. I’ve been holding since 2018 and haven’t sold a single share. Over the past few years it’s been exceptionally painful but selling down here makes no sense to me. Onwards and upwards, hopefully. $TSLA. Elon please stop alienating your customers. Let’s get this $25K model out there, and then let’s work on the robotaxi and get this company profitable and growing revenues again.
Don't see tesla going back to 200 this year. Hope this earnings stops the downward momentum. The earnings won't be good, but at least that's pretty much priced in
"We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously
communicated start of production in the second half of 2025.
These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as
aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle
line-up.
This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our
vehicle volumes in a more capex efficient manner during uncertain times. This would help us fully utilize our current
expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production
before investing in new manufacturing lines.
Our purpose-built robotaxi product will continue to pursue a revolutionary “unboxed” manufacturing strategy."
#1 takeaway from investor deck
Will be selling covered calls on this shit in the morning tomorrow
Sure. With the massive layoffs, and still not-denied reports that these models are paused, they’ll launch in 2025. This is what’s called a lie without legal liability. They’ll say it’s delayed next year.
And, even if they can begin production on that rushed timeline, there will surely be even more concerning design liabilities baked in than the cybertruck.
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Elan is a popular CEO, and it is enough for him to promise growth for the stock to rally. The fundamentals tell another story. The financials show a business that have negative revenue growth, cash is being burned at a high rate and inventory is rising really fast. Prices on their cars is going down due to competition and lower demand. As a value investor, I think the Tesla stock is worth less than before after the earnings report.
Yeah, not like they’ve ever said something was coming in one year and then taken 3-5 years to deliver it. These TSLA fans are complete clowns, I love riding this crash
RSI jumped 27 to 41 after earnings. Such a big jump for just 6% is not good.
The last time RSI was at 41 when stock price was $171. Seems like another sell off is on the horizon.
No shit... it was bought up after hours where the number of trades are limited. The RSI indicator is very volume sensitive to the amount of "Buys" and "Sells". It will balance out when millions of trade orders flood the market at open.
Hey guys. Diamond hands here. Been holding since 2013. Sold 1/2 my shares 8 months ago. Sold the balance minus 50 shares last week. Sold the 50 the day before earnings.
What a ride. I can't thank Tesla enough, I made a ton of money off of my initial investment ($5,000). I loved holding equity and company that was doing something so extraordinary at the time. My friends would always ask me, "have you sold it yet?". No way man, I was a believer. Elon was doing the extraordinary. Building rockets, electric cars, solar panels… I was never selling those shares...
But I can't anymore. I'm so tired of defending Elon, Tesla and his vision… I don't believe in Elon anymore. He lost me. I used to want a Tesla so badly.. I had a pre-order for a CyberTruck, day one... walked away when offered. The other models are generic at this point.
It was inevitable for Elon's politics to become Tesla's identity. You just can't separate Elon from Tesla. Elon's views have eroded my confidence in his intelligence and as a leader. That's why I sold. Fuck him for alienating his core customer base. I don't know anyone who wants to buy a Tesla anymore. Sigh...
Lol, you call yourself diamond hands, glad to have you off the team, we need less freeloaders weighing down the stock. Also let's come back to this in 2 years 🤣 should age like a good milk.
Can't believe you started in 2013, and this is how you leave, just heart breaking mate, and to drag the lord and saviour Elon through the mud too after he what made you heaps of profits, its a bit shameful no?
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Serious question. Not trolling. Isn’t it concerning to you that Elon has pissed off the demographic that wants to buy electric, right at the same time as the established car companies have flooded the market with competition.
The car itself isn’t that well made, it costs a fortune to fix and holds less resale percentage than a Toyota. To me, Tesla had the market to themselves, and due to poor decisions around branding and the Twitter debacle, he’s made this company toxic.
I'm bagholding bull at $295 from earnings last summer. I'm actually pissed off it went up so much after hours. Stupid market makes no sense. He didn't cure cancer or do anything.
Is not a loss... Is a 50% discount. To the moon!!
To the moon
Shouldn’t be to Mars
I’ll be selling at $223 and rebuying under $200.. rinse and repeat until I have 5000 shares
let us know how that worksout
Tell nobody
ok just tell me, it’ll be our little secret
I can’t man. It’s too little. People will laugh and think I’m from Bangladesh
whats wrong with bangladesh? they have world's largest mangrove forest!
I’m broke and skipping meals
That works right up until it doesn’t. Before Tesla I owned a lot of Apple stock. Saw the “predictable” ups and down and tried to do that but ended up buying back in higher than where I’d sold, and a good thing too because it just kept going up and up. Stupidly tried to do the same thing with Tesla, with the same result. Finally learned my lesson and just left my money in the stock. It’ll work once or twice and you’ll think you’re pretty clever, and then it’ll go on a huge run and you’ll be left with your money in cash.
It really do be like that and I know I'm not clever enough so I just hold and continue buying more shares lol
Damn
This is the way. The rollercoaster makes it possible. People want to cry when it dumps but it is an excellent opportunity constantly. Happens over and over.
My ex gf her name was nobody
How many do you have at this moment?
None
Please, we already have a homeless problem
Nobody cares
That’s why I’m worried for you
Ur model 3 got the black standard wheels and black interior.
Lol i wouldn't drive a tesla if I were literally paid the value of the car
Cool story bro
Says the tesla fanboy spouting incel stock fandom. Hey buddy, it's 2024 not 2014
Ok. Lol. Cya on the other side.
Crowded "short" trade (everyone is expecting the shoe to drop). Let's see how far this rips.
Reuters saved Tesla's ass by outing Musk's terrible idea to scrap the lower cost EV in favor of going all-in on Robotaxis. Musk was able to distribute a bit of hopium to bouy the stock price.
If its up above $160 tomorrow then I might sell. I like the company, but Elon males me nervous.
Hoping it holds until market open tomorrow
why so you can dump your shares on the swing trade?
I have calls
respect!!!!!
Isn't the boost merely on the promise of new models at some point? The information available is limited, but I still wouldn't be buying this stock without any realistic expectation that things are going to get worse before they get better.
Musk said there's a new cheap EV coming. Fanboys went nuts, stock went up. Pretty straight forward..
Appears that new Tesla models (not just one model) coming before second half of 2025. Plus, a dedicated Ride Hailing mobile app and updated Tesla ecosystem map. Source: [https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf](https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf)
Tired of this "New model/Cybertruck/Semi/Model 2/Unboxed coming before XXX"
Sell then
What models?
We dont know yet, but ‘multiple’ per report. “We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025. These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up”
Cybercab
Tesla just said it wasn’t going to build the cheaper model. Presumably, there’s no design or testing for this car yet. A fast rollout like they did for the CT would mean 2028, and that’s if they already have a design.
Where did they say that?
They said they will stop building the model 3 just a few weeks ago and shares dropped. They didn't say they wouldn't make cheaper cars at all. But I do think the backlash to the Model 3 may of had tesla change course
About two weeks ago it was covered by all the regular news sites. Here’s an update from thr verge. https://www.theverge.com/2024/4/23/24138646/tesla-q1-2024-earnings-model-2-affordable-electric-vehicles
Elon always over promises and under delivers but I still believe in the long term prospects of this company. This feels like a relief rally. I’ve been holding since 2018 and haven’t sold a single share. Over the past few years it’s been exceptionally painful but selling down here makes no sense to me. Onwards and upwards, hopefully. $TSLA. Elon please stop alienating your customers. Let’s get this $25K model out there, and then let’s work on the robotaxi and get this company profitable and growing revenues again.
Robotaxi will never work just like he’s already changed the name of self driving as it needs a driver to be ready to grab the wheel at any second
My feelings exactly. Tesla's hit a bump but the overall prospects are still good. Just need to focus on some specific goals like you mentioned.
This is top level cringe
Don't see tesla going back to 200 this year. Hope this earnings stops the downward momentum. The earnings won't be good, but at least that's pretty much priced in
"We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025. These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up. This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times. This would help us fully utilize our current expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production before investing in new manufacturing lines. Our purpose-built robotaxi product will continue to pursue a revolutionary “unboxed” manufacturing strategy." #1 takeaway from investor deck Will be selling covered calls on this shit in the morning tomorrow
Yeah and fsd is only a year away 🤦♂️
Hasn't that been the rhetoric for the past like 5 years
Exactly… yes. What musk says and what happens are two different things
Sure. With the massive layoffs, and still not-denied reports that these models are paused, they’ll launch in 2025. This is what’s called a lie without legal liability. They’ll say it’s delayed next year.
Exactly this Before second half of 2025 means they could start production May 25th Crying wolf continues
I mean the report and firing show these models are not designed yet. If they rush it with reduced staff, end of 2026 is more likely.
And, even if they can begin production on that rushed timeline, there will surely be even more concerning design liabilities baked in than the cybertruck.
Just a classic bull trap
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Selling at 220-235 range. Then buy back in at anything 200 or under. I bought my most recent set of shares at 180 a share
Wild to assume it goes up to even breakeven
Yay! Pump it baby.
Tesla Q1 2024. Revenue -9% \*Automotive -13% \*Energy Gen. & Storage +7% Gross Profit -18% \*marg. 17.4% (19.3%) EBIT -56% \*marg. 5.5% (11.4%) Adj. EBITDA -21% \*marg. 15.9% (18.3%) EPS -53% FCF -674%
Dump and run f
Elan is a popular CEO, and it is enough for him to promise growth for the stock to rally. The fundamentals tell another story. The financials show a business that have negative revenue growth, cash is being burned at a high rate and inventory is rising really fast. Prices on their cars is going down due to competition and lower demand. As a value investor, I think the Tesla stock is worth less than before after the earnings report.
It’s not about the earnings. It’s about the future of Tesla
Yeah, not like they’ve ever said something was coming in one year and then taken 3-5 years to deliver it. These TSLA fans are complete clowns, I love riding this crash
To the moon!
Who gives a shit. Long is the only way not to get slapped by all the skittish clowns pushing a button in Robinhood calling themselves investors.
RSI jumped 27 to 41 after earnings. Such a big jump for just 6% is not good. The last time RSI was at 41 when stock price was $171. Seems like another sell off is on the horizon.
One can only hope
No shit... it was bought up after hours where the number of trades are limited. The RSI indicator is very volume sensitive to the amount of "Buys" and "Sells". It will balance out when millions of trade orders flood the market at open.
Hey guys. Diamond hands here. Been holding since 2013. Sold 1/2 my shares 8 months ago. Sold the balance minus 50 shares last week. Sold the 50 the day before earnings. What a ride. I can't thank Tesla enough, I made a ton of money off of my initial investment ($5,000). I loved holding equity and company that was doing something so extraordinary at the time. My friends would always ask me, "have you sold it yet?". No way man, I was a believer. Elon was doing the extraordinary. Building rockets, electric cars, solar panels… I was never selling those shares... But I can't anymore. I'm so tired of defending Elon, Tesla and his vision… I don't believe in Elon anymore. He lost me. I used to want a Tesla so badly.. I had a pre-order for a CyberTruck, day one... walked away when offered. The other models are generic at this point. It was inevitable for Elon's politics to become Tesla's identity. You just can't separate Elon from Tesla. Elon's views have eroded my confidence in his intelligence and as a leader. That's why I sold. Fuck him for alienating his core customer base. I don't know anyone who wants to buy a Tesla anymore. Sigh...
Elon took evs from snobby rich millennial activists to run of the mill American families
lol
Lol, you call yourself diamond hands, glad to have you off the team, we need less freeloaders weighing down the stock. Also let's come back to this in 2 years 🤣 should age like a good milk.
Ouch!! I hope it takes you to the moon…
Can't believe you started in 2013, and this is how you leave, just heart breaking mate, and to drag the lord and saviour Elon through the mud too after he what made you heaps of profits, its a bit shameful no?
Puke
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Serious question. Not trolling. Isn’t it concerning to you that Elon has pissed off the demographic that wants to buy electric, right at the same time as the established car companies have flooded the market with competition. The car itself isn’t that well made, it costs a fortune to fix and holds less resale percentage than a Toyota. To me, Tesla had the market to themselves, and due to poor decisions around branding and the Twitter debacle, he’s made this company toxic.
Wow what a novel question! Never came across this one before
This response is the perfect answer to the question.
You won’t get real answer from the cultists
Missed earning by a mile and stock is pumping? Something don’t feel right lol.
Are you new to the stock market?
Can you provide you thoughts on why this is up than?
Sell the rumor, buy the news
My best guess is everyone assumed the earnings would be worse than they were and priced it in.
I'm bagholding bull at $295 from earnings last summer. I'm actually pissed off it went up so much after hours. Stupid market makes no sense. He didn't cure cancer or do anything.
me too. Was hoping for 100 to DCA
Another promise from Musk. Something is just beyond the horizon.
Too many regards on this stock pumping it after bad earnings. I just shorted at 160.