Much of this will fall on deaf ears, but what the hell....
I don't deny TELSA has made a fine electric car, its cool, fast and everybody wants one. Only its not practical, has no infrastructure to support it or its fuel, and its cost makes it a rich mans TOY. Nothing wrong with toys. But, a company having a valuation like this--that makes the toy--well that IS a BIG problem, as many are beginning to find out.
Why will this go nowhere? Well lets take a look. How about we start with the oil companies. You think they will let this get past a fad ( assuming it could become cost effective, and "universal: in it support) ? NOPE. What about range and charging, climate and road conditions? I'm sure the "burning issue" can be resolved, but unless a major break through in battery technology comes about--NO ELECTRIC DEVICE REQUIRING THIS MUCH UNCOUPLED POWER WILL FLOURISH. Period. Now, is a breakout in tech possible? SURE. But when, and by whom? Applied electricity has only been around since the early 1900's ( yes yes I know it was experimented with a century prior to that, but look how long it took to become practical!), and we where STILL trying to get electric into farms and rural areas AFTER WWII. When I was a kid, our summer camp in upstate New York, was lighted by kerosene, and I'm 59!
Can you imagine retrofitting gas stations to be battery charge/swap/repair/boost/service? Telsa has no dealership structure and won't TOO COSTLY TODAY.
Will Telsa add to the technology pool--YES! And it will be an interesting footnote in history about how we S-L-O-W-L-Y migrated from oil to whatever will be the next fuel ( probably natural gas) . But as an investment? You'd be better served stuffing the dollars in a bank a 0.1% then burn it up on this. Sorry, but true.
Flying cars are the future(Mollner)--no wait, DC current is the future(Edison) no wait, “There is no reason anyone would want a computer in their home.” —( Ken Olson), president, chairman and founder of Digital Equipment Corp. (DEC), no wait, Nuclear-powered vacuum cleaners will probably be a reality in 10 years.” -– Alex Lewyt, president of vacuum cleaner company Lewyt Corp., in the New York Times in 1955.. No No Wait! TELSA IS THE CAR OF THE FUTURE NOOOOO WAAAAAAIT
What IP???? THAT'S the PROBLEM!!!! It's clear you are young, as you didn't learn from the 60's and 70's. Fine with me check my post before earnings--I bought puts and posted the buy--and I was right. And your kids won't be buying this trash either, but maybe some other majors product when this tech gets real.
"Ten years from now, EV's will outsell combustion engine vehicles". I'll take that bet and double down, Clearly you don't understand the technology, the infrastructure necessary to support it or history. Your father most likely owned an Edsel which he gave you as your first and present car. I hope you are buried in this stock--a good lesson for those observing a fool.
What significance is this technology?????? Other than a toy--EXPENSIVE toy--what the hell good is it? Answer that and you'll know what to do with the stock. Electric the future--yep. But not in our lifetime.
First person who is a crispy critter and this stock will tank faster than the Titanic. TOO much risk, cause you KNOW its coming--not IF, but WHEN. Should have gotten the tech right before production. IMHO.
The technology is not here yet. This is a toy, albeit an expensive toy--but nothing more for now. IF and WHEN a clear and present effort is made to make these things main stream, then we'll have something to talk about. For now, the stock and car are a rich mans game where losing means nothing.
Rule 133- Affiliate/control stock owner. The following is in addition to a declaration (13D) or statement of ownership [ f you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement. ] .............Holding periods and lock down agreements not withstanding.
Just installed the new design horn on my mountain home. LOS the horn is about 11 inches and I'm over 6M up and down. Waiting for a good thunderstorm to see if electrical disturbance has any effect. There are 75 homes in this community, over 40 have ordered the service in 2 days. Installers can't keep up........ nice problem to have.