TSLA jumps almost 8% after reporting stronger than expected financials reaching $850/share.

[ir.tesla.com]

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Edited 1 time(s). Last edit at 04/29/2020 03:28PM by ztirffritz.

....thought that it might have jumped off the roof......

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I reject your reality and substitute my own!

$870

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....it was riding high before the pandemic....then fell like everything else......good to see it going back up.....

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I reject your reality and substitute my own!

I predict Ford will file for Bankruptcy protection by the end of the year.

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ztirffritz
I predict Ford will file for Bankruptcy protection by the end of the year.

I hope you are wrong.

No one hopes any company will fail. Unfortunately quite a few of the big auto makers will inevitably go bankrupt. This is the logical consequence of their own greed and ineptitude

The same thing happened to BlackBerry, Nokia and Motorola (OK maybe not bankrupt but Lassley diminished). The same would have happened to the legacy American, European, and Russian space ‘agencies’ had it not been for government ‘subsidies’ propping them up.

All of them knew profitable electrics could be possible, well before Tesla came on the scene. They just sat on their asses and stifled innovation to maintain the status quo for their current short-term profits. Even when tesla finally appeared, due to conventional wisdom which was based on FUD, they believed Tesla would fail. As a result, they ceded too much technological ground to Tesla, Ground that can only be made up by spending the adequate years in research and development of their own battery technology (there is no shortcut around this). Unless Tesla shares their technology with the rest of the field, the rest are mostly doomed.

Oh please. Tesla sells about 2% of all vehicles sold in the USA. GM and Ford may have problems but Tesla stealing all their sales isn’t one of them.

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PeterW
Oh please. Tesla sells about 2% of all vehicles sold in the USA. GM and Ford may have problems but Tesla stealing all their sales isn’t one of them.

Right and I don't care how smart Elon is to me he is a jerk.

Steve Jobs was a jerk too. And the major automobile companies going bankrupt is not something we’re talking about this year or even the next few, we are talking about long-term eventualities here, was that not obvious?

And by the way, Tesla only has half of 1% of the car market.

And by the way,Tesla itself claims they sold 370,000 cars in 2019. With total sales of 17,000,000 in the US, that’s about 2%. If you have different numbers to share, please do so.

Interesting, you’re painting a better picture of the situation than I would’ve. That half percent sounded pretty depressing to me. I’ll have to go check it out.I wonder if I’m thinking about worldwide Automotive sales?



Edited 1 time(s). Last edit at 04/29/2020 05:09PM by Carnos Jax.

Musk needs to have someone steal his iPhone and delete Twitter until we have a vaccine. It's hurting TESLA, and that is not a political statement.

Oh man, has he said something stupid again?!

....yup......he does it again....

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I reject your reality and substitute my own!

A Tesla car is a forever car, keep that in mind.

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Carnos Jax
Steve Jobs was a jerk too. And the major automobile companies going bankrupt is not something we’re talking about this year or even the next few, we are talking about long-term eventualities here, was that not obvious?

my response was to this comment: I predict Ford will file for Bankruptcy protection by the end of the year.

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Lizabeth
A Tesla car is a forever car, keep that in mind.

they probably last longer than an ICE, but they do need new battery and there is wear and tear.

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space-time

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Lizabeth
A Tesla car is a forever car, keep that in mind.

they probably last longer than an ICE, but they do need new battery and there is wear and tear.

Agree, they will last longer, but accidents will happen, and there seems to be a new model out every few years now.

Studebaker-Packard: RIP 1966

Kaiser-Willys: RIP 1970

American Motors (AMC) (Hudson + Nash): RIP 1987

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space-time

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Carnos Jax
Steve Jobs was a jerk too. And the major automobile companies going bankrupt is not something we’re talking about this year or even the next few, we are talking about long-term eventualities here, was that not obvious?

my response was to this comment: I predict Ford will file for Bankruptcy protection by the end of the year.

Sorry space, I completely missed that important point in his post. I think what happened was that I often hear how the major auto makers may have some bankruptcies, and I think I just interpreted the post as a general long-term prediction.

2020 was supposed to be Tesla’s year. Showing a decent but milder profit represents a huge loss for them.

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Carnos Jax
Oh man, has he said something stupid again?!

They shut him off during the earnings call. Claims of fascism, citizen imprisonment and other dire warnings to the American Way of Life.

I’d recommend to anyone living in CA check to see if the sky is falling, or if perhaps “something else” may be in the air. Literally.

They did better than Ford or GM. Ford’s executive team salary was more than the company’s profits.

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LOL, what an idiot.....thanks deckeda.

I'll agree that Elon's balance of medications seemed to be a little off during the call..

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2020 was still a growth year for TSLA, not a year for profits. Too many new factories going online.

.....KrissKross......makes you wanna'.....jump.....jump.....

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I reject your reality and substitute my own!

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sekker
2020 was still a growth year for TSLA, not a year for profits. Too many new factories going online.

Yup... I'm not expecting much of a profit for at least 3 more years. I'd rather they be at "break even", and continue with Gigafactory Berlin, and expanding (already!) Gigafactory Shanghai, and expand Gigafactory Reno.

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Paul F.
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A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
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Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.
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Eureka, CA

Just finish Reno. They've only built about 1/3 of it.

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ztirffritz
Just finish Reno. They've only built about 1/3 of it.

No. More important than ever to be in different parts of the world first.

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ztirffritz
They did better than Ford or GM. Ford’s executive team salary was more than the company’s profits.

I used to be a Ford guy. Then I asked myself why. I haven't bought a Ford or other American car company for years. Executive pay is killing the US Auto Industry (and probably most others).
[thinkprogress.org]

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