Technicals do matter and right now the stock is well below its 20 day MA
Period Moving Average Price Change Percent Change Average Volume
5-Day 35.48 +2.38 +6.89% 2,862,032
20-Day 40.58 -14.74 -28.58% 3,211,618
50-Day 32.01 +17.89 +94.28% 2,298,215
100-Day 24.68 +20.84 +130.20% 1,458,364
200-Day The stock has not even traded for 200 days !!!!
Year to Date 23.33
I agree - it has a technological advantage - intellectual property licensed to larger companies - a secondary product line of components - and a huge cost of entry - add the tech advances interchangeable with SpaceX and you have magic value creation.
Tesla has a product that has a guaranteed trade in value.
Compare that to putting current lowest price solar panels on your rook for a price3 that is high enough to give Goldman a profit on their loan to Solar City which you pay them for 20 years
And you have 0 trade in value after 20 years.
SCTy has 0 cost of entry - there are at least 12 companies doing it now with their main competitors, large public utilities - getting ready to compete with their EXISTING customer base while not making them sign a 20 year lease. If the utility makes a profit it will go into the rate making decision which will keep everyone's cost down and as a byproduct lower the price savings any SCTY customer planned on getting.
Yes, TSLA is a better stock, better business model, beter long term investment - period.