Those resales don't surprise me. Most high end cars lose about 50% in 3 years. Top of the line exotics lose a bunch of money as soon as you drive them. If you're going to pay that kind of cash do you really want a used one? The guy who does want it is more a buyer around $80K give or take.
One of my neighbors buys cars every year or two. He is the $80K buyer. He buys used exotics and drives them for a while then buys a different one then gets tried of that and buys a different one. End of the day he drives cool but older cars and doesn't spend much buying and selling them. His last car was a RR and he would hire a driver to drive him and his friends around for a night out. Lasted a year and he got bored. Bought a 6 series convertible to tool around next. He's gone through Lambo's, Bugatti's, S classes, hates Jag's from a bad experience with an older one years ago before Ford took them over. LOL. He keeps saying my XF is going to fall apart any day now. Like my Aston though but has never bought one.
I've said this for a while, to keep a high valuation Tesla needs to hit ever number or beat plus add some hype. M3 added the hype but the numbers aren't there.
M3 should cannibalize the S and X model. Shouldn't be a problem long term for the company but it will do a job on the valuation of this company.
zero degrees sitting in a parking lot while you are at work will take a toll. Add a decent commute in the snow and you may be right. Versa in the Deep South.
You ever look at what a normal PE is for a car company? 20 would be high if Tesla managed to crank out 400K cars.
I shorted rode it down, covered and then went long. Close the long a few days ago and went short again.
Think I can go on vacation for the rest of the year. LOL. Tesla is finally getting predictable.
No, spending should be slowing down soon. Next problem is model updates, that is if Tesla can keep out of BK?
Tell you this stock will go down in business school history. Most entertaining stock I've seen for years.
Not sure what will happen tomorrow but tonight was the last pump or hope, it's all about numbers now and Tesla ain't so good at numbers.
Sentiment: Strong Sell
From what I have heard China is a full on fiasco. Time will tell what happens there but for now it just costed a bunch of money and took too long.
This should be good Tesla is showing their Joe Six pack car this week.
Who has more faith the Bolt will run more reliably then a Tesla cheap car? I'm betting Bolt.
Better looking? If Tesla makes their car too pretty then their high end car sales will be hurt. Sounds like a GM type of problem. If the Volt was prettier it would have sold more right off the bat. Tough call there.
Can Tesla meet their production timeline? LOL, no doubt it. Bolt win there.
GM is shooting for 35K and can ramp to 50K easily. Tesla's thinking there are hundreds of thousands of EV buyers out there? LOL. No, I seriously doubt that. The Bolt has a much more realistic goal in mind.
Some topics to talk about other then Trump is a #$%$ and Obama has ruined this country.
Side note, when does the UAW try to over run Tesla? They're a non union plant aren't they?