Simple as that folks. I can't see them EVER being profitable. When they do start making more affordable cars, that will just result in losing more money, more quickly. And by the time they get it right, the big automakers will have surpassed them by eons. Most likely the stock will just continue to go down and down and down and at some point get taken out....although that's a LONG way down from here.
Those are the next downside targets which will get hit. My short positions from $248 and $222 are looking great from here. Tesla is the only short I'm holding now, although not holding much long either other than a fairly big position in FSLR from about $46. That one is going to $100+ easily.
Needs to go on life support....in fact, that's what's going on now. Being held up by those who specialize in maintaining the price at around $200. Soon however, the bottom will fall out and its not going to be pretty.
What a screwball that clown is. Hewlett is a dying company that probably won't be around in 10 years.
Its right on their site bud. Plus I called them and its a FACT that owners are required to have this annual inspection done and PAY for it.. Now crawl back into your mothers closet and take a nap. Oh yeah, good luck if your nearest dealer is 500 miles away.
Yes, that's the truth. Buy a Tesla and be forced to pay $600 each year to have this pedal car with a battery inspected. If you don't, the warranty is void. What a deal....I'll take two!
Just don't casually hit the sell button, do so with conviction and authority. Be a man for goodness sake! Take back control of your cash washing down the drain on this rabid and infected dog. Its only about to get uglier in the months ahead. Get out now while there's still time.
A recall (and there will be many) won't cost too much since hardly any cars have been sold and that number keeps dwindling each day. But then again, with so few dealerships, who will be doing all the recall work? Maybe Elon will just get into his rocket ship and visit each owner to do the repair himself.
Vehicle Support Update: The engineer's at Tesla now advise all owners to carry several 12 packs of Duracell D-Cell Batteries in their glove box along with a half dozen 9 volt batteries. See the Tesla site for instructions on retrofitting the batteries to vehicle in the event of system failure. The best price on these can be found at Costco.
Does it come with a huge rock on a rope to throw out the window when the breaks fail? Or is the rock battery powered to release itself? What if the battery fails? Can you still throw the rock manually out the window?
Typical extreme Right Wing response. The average guy isn't out buying Exxon stock, he's trying to get by and pay his bills and $5 gas does a great job of putting less food on their tables.
All these companies have been profiting off the sweat and blood of the poor through middle-class for ages. They all sat there and laughed as the guy who could barely make ends meet needed to shell out $100 to fill his tank. Well, the party's over.
Tesla is going to need three to five billion much more quickly than most people think for Musk to continue with this venture. Just wait until 30 million new shares are created with very few takers out there.
I too question the longevity of these cars. I highly doubt you'll see many on the road after 6 - 7 years of driving without extensive and expensive repairs and battery replacement.
That's when Apple will buy them. They'll pump all kinds of cash and Apple-esque technology into this dog and make a fortune. Better to start off with a base if wanting to build cars as opposed to starting from the ground up. Maybe they'll keep Musk as the executive in charge of the executive mens room. "May I suggest some Musk Oil Mr. Cook?"
Exactly how much glue has he been sniffing in the back room at his rocket factory? Just how would that be possible? LMAO! This one is going down big. I had a small short from a month or so ago. I'll probably be adding more if this thing runs up a little somehow, which I wouldn't be surprised to see.
I watched this stock basically flat-line the past few years and have made money with it in the past when it was flying high. Maybe the tide is about to turn in its favor again. Almost bought last night with it up $2 after-hours but thought it could give that back in the morning.