Just sold my Ferrari to buy more TSLA

https://static2-seekingalpha-com.cdn.ampproject.org/i/s/static2.seekingalpha.com/uploads/2017/4/25/241014-14931674447253053_origin.jpg

Can just substitute China, Australia, Chile, aka foreign lithium. Point was the lithium was from foreign sources.


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Amazon is in its own manor way over priced as well but not as highly leveraged as Tesla. Also Amazon could have better earnings/profitability by changing capital decisions to purchase new facilities or other companies and/or grow slower. Tesla really can't be considered in the same class as Amazon, in that Tesla could not easily or quickly improve their earnings, profitability or leverage by changing much currently.


That said, I don't own either stock and would not consider buying either until there are some significant adjustment in the market price, earnings and financials. Never owned Apple either when the price was way out of reason, purchased it when its basic financials and pricing made sense and got it at around $78-$90 five years ago. Tesla is currently a speculation not an investment not to say that speculation is bad as all companies at some point were speculations but don't compare it to Amazon which is simply overpriced IMO.


Tesla MAY at some point become a good or great company or go BK in the process. Folks like yourself who have invested in the speculation will reap the rewards or failures but just don't look at everything Tesla as far better than all else in the market. There are currently just so many very good alternatives in ICE vehicles and other strong auto manufactures are likely to have very good EV and hybrids near the future. I personally think Honda's hydrogen vehicle seems to be superior science to either EV or hybrids but the car going nowhere sales wise so may be gone in short term?

 

the chance of you getting mogas made with foreign oil these days does depend on where you are, but it is pretty slim.

 

btw, i dont know if the prius or tesla work like this, but one of the things i love about the fisker is the smooth ride. there are no gears, no transmission, just a steady relentless pull, like a magic carpet ride. of course the roads in houston are so bloody awful that i dont often experience the full effect of this smoothness ! but when i do .....beautiful !

 

Jerry- I must respectfully disagree, have you ever thought that you are just too blinded by your infatuation with Elon Musk to see the reality of the total situation. You fail to see any other side of any of your issues. Elon’s whole group of businesses is cross collateralized such that the failure of one could bring them all down. I can say no more other that you are sooooo wrong on so many points.

Perhaps you are the only one on this thread who sees the “real truth” and everyone else is closed minded defending myopic positions. Good luck with your interests/investment (?) I hope you have not bet the entire ranch on him in case all does not go as you have prophesied.

 

Elon is certainly proving exceptionally good at burning through money...https://www.bloomberg.com/news/articles/2017-11-21/tesla-is-blowing-through-8-000-every-minute-amid-model-3-woes.

Elon owns ca 20% TSLA ,he is not stupid,he will bail out/sell out before its too late.

Amazon ? No comment.

 

You brought up “foreign” oil not me.

No lithium no ev, quite simple.

Am I lame or a “retard.”

I happen to own 3 ev’s and seen their benefits and shortcomings over 5 years of ownership of various brands.

Btw who’s arguing?


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Basically any ev is like that. Bigger higher torque motors like tesla are more impressive.


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Hey Jerry thanks for the education. I was under the impression tesla super chargers were magically pumping lithium into the battery.

Where do u think the lithium for many millions of cars is coming from, Nevada salt flats?

The last quote is like saying any other car except a Ferrari is merely a go cart. There are different reasons to own cars.

Funny, I was more of a tesla fan until I started reading your presumptuous argumentative rubbish.


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Just read a few months ago (NewsMax I believe is the source but not certain) about Space X and Tesla cross collateralizing loans - each were guaranteeing the loans for others and both highly leveraged. Sorry, it was some months ago this year, this summer I believe. So you can do the reasearch on the matter if you wish. II have already confirmed it in my mind so I am not going to try to revisit the matter nor am I going to try to convince you. I have nothing invested or at risk so I could really care less about the group of companies.

 

https://www.instagram.com/p/BcJDURnAKAM/?taken-by=icon4x4

 

Tesla spends $8k a minute.... 90% of Model S’s and X’s leave the factory with manufacturer defects. The model 3 is WAAAAAAY behind on deliveries. Elon is a genius, no denying that. Tesla is a cluster****, however. Forget lithium, Look into the issues regarding the cobalt required for the batteries.

 

One of my partners has an s. I’ve been impressed with build quality, and he hasn’t has a single issue.


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For interest.

Top 10 Passenger Electric Cars sold Worldwide January - October 2017:-

1) BAIC EC 180 - 72 191
2) Tesla Model S - 55 449
3) Nissan Leaf - 52 778
4) Toyota Prius PHEV - 50 511
5) ZHI Dou D2 EV - 47 493
6) Tesla Model X - 44 655
7) BYD Song PHEV - 30 510
8) Renault Zoe - 28 994
9) BMW i3 - 27 077
10) Chevrolet Bolt - 25 835