Tesla's Revolutionary Model 3

[BobbyMac]

So will it hit $1000 in 2020? 2/3's of the way there. Thank goodness we struck out on the homes we offered on in Nov/Dec. Gave up and bought my shares back, lost almost $20 per share doing so but it worked out.

Wish I had more shares of Amazon tonight. They are up $230 at this time after smashing expectations.

Cracking a La Cumbre Elevation and then heading out to happy hour with the PHX Open crowd.

 

[BobbyMac]

Yes. Rough day.

But it almost got to $1000.

Days like today I miss my old Vanguard Index 500.

 

[BobbyMac]

When I started this thread. Tesla was at $230. It traded around $200 until the holidays and has doubled off it's lows then.

I don't give people specific financial advice but I personally believe Tesla will be at $1000 by 2020. Tesla is a can't lose. The automotive industry is in the autonomous revolution and EVERYTHING is cheap. Tesla, Google/Waymo, Intel/Mobileye, NXP Semiconductors (and Qualcomm if they acquire NXP).

I hate to sound obvious but Alphabet, Amazon, Tesla and Intel will all lead to a happy retirement.

$1025 today.

This balances out 5*Phil.

 

[BobbyMac]

Hit $4000 today and Elon passed Bezos for ruler of the world.

Promised myself I'd sell here but Joe's gonna be good for electric cars.

GM, Ford & the other big players will have to cut into his market share before I sell.

 

[MNIrishman]

Hit $4000 today and Elon passed Bezos for ruler of the world.

Promised myself I'd sell here but Joe's gonna be good for electric cars.

GM, Ford & the other big players will have to cut into his market share before I sell.

I am blown away by how anemic and tone-deaf the Big 3 have been in response to Tesla. Ford is going all-in on electric versions of their existing lineup. Like, who wants a shitty version of the F150 when they could have a truck designed from the ground up for electric power? Cadillac's self-driving tech disengages when you look away from the road. Isn't that the opposite of what it should do?

If these companies can't figure out how to compete with Tesla, they'll Kodak themselves out of existence.

 

[GATTACA!]

I am blown away by how anemic and tone-deaf the Big 3 have been in response to Tesla. Ford is going all-in on electric versions of their existing lineup. Like, who wants a shitty version of the F150 when they could have a truck designed from the ground up for electric power? Cadillac's self-driving tech disengages when you look away from the road. Isn't that the opposite of what it should do?

If these companies can't figure out how to compete with Tesla, they'll Kodak themselves out of existence.

Tesla is already valued higher than all of the other automakers COMBINED. That's insane. Ford is over 115 years old lol.

 

[MNIrishman]

Tesla is already valued higher than all of the other automakers COMBINED. That's insane. Ford is over 115 years old lol.

I don't touch companies whose valuation is highly speculative and heavily influenced by casual consumer investing. Still, it's good for America for Tesla to have real competition. Ford may be 115 years old but their thinking is still stuck in 1995. You don't beat Tesla by selling crappy versions of gasoline cars. You beat Tesla by selling awesome cars designed from the ground up to take advantage of new technologies.

 

[BilboBaggins]

Tesla is already valued higher than all of the other automakers COMBINED. That's insane. Ford is over 115 years old lol.

It's also a sham. Tesla is just not worth the combined market cap of every other automaker. Tesla is majorly overvalued.

I'm a big fan of Tesla and if I get a car next round I'll strongly consider a Model 3. What Tesla is doing is gamechanging and what Elon is doing in general is incredible between SpaceX, Tesla's solar roofs, etc. I'm a fan.

That said, Tesla has a long way to go before they're making more vehicles than Toyota, GM, Ford, Volkswagon, etc. And while they're scaling up, the other companies can inevitably play catch up.

Tesla is a pioneering company, but they are laying a blueprint which other companies can follow, and more quickly than you might think.

I don't think Ford, in particular, is worried one bit about Tesla. They've already pretty much abandoned cars and Tesla isn't going to sell a lot of Cybertrucks IMO.

In short Tesla has definitely shown that they aren't going bankrupt and they are here to stay but this whole notion that they're worth more than these other companies combined is just literally unbelievable. I wouldn't touch Tesla stock.

 

[MNIrishman]

It's also a sham. Tesla is just not worth the combined market cap of every other automaker. Tesla is majorly overvalued.

I'm a big fan of Tesla and if I get a car next round I'll strongly consider a Model 3. What Tesla is doing is gamechanging and what Elon is doing in general is incredible between SpaceX, Tesla's solar roofs, etc. I'm a fan.

That said, Tesla has a long way to go before they're making more vehicles than Toyota, GM, Ford, Volkswagon, etc. And while they're scaling up, the other companies can inevitably play catch up.

Tesla is a pioneering company, but they are laying a blueprint which other companies can follow, and more quickly than you might think.

I don't think Ford, in particular, is worried one bit about Tesla. They've already pretty much abandoned cars and Tesla isn't going to sell a lot of Cybertrucks IMO.

In short Tesla has definitely shown that they aren't going bankrupt and they are here to stay but this whole notion that they're worth more than these other companies combined is just literally unbelievable. I wouldn't touch Tesla stock.

I'm not touching their stock either, but the legacy manufacturers have not shown that they can innovate like Tesla. Until they do, I'm not convinced either way about Tesla's valuation

 

[Armyirish47]

I don't care about the cars, I need that space internet beamed into muh house. I'm tired of this 3 MBPS on good days for $80 a month.

 

[BilboBaggins]

I'm not touching their stock either, but the legacy manufacturers have not shown that they can innovate like Tesla. Until they do, I'm not convinced either way about Tesla's valuation

That's the thing though, they won't need to innovate per se. It's a lot easier for a company to invest cash and follow the lead of the pioneer.

It's worth noting that Tesla isn't even a good car manufacturer. The institutional knowledge at Toyota, Volkswagen, and GM is superior to a Tesla manufacturing process. Tesla is getting better though but the actual cars are not great quality. Especially the paint jobs.

 

[MNIrishman]

That's the thing though, they won't need to innovate per se. It's a lot easier for a company to invest cash and follow the lead of the pioneer.

It's worth noting that Tesla isn't even a good car manufacturer. The institutional knowledge at Toyota, Volkswagen, and GM is superior to a Tesla manufacturing process. Tesla is getting better though but the actual cars are not great quality. Especially the paint jobs.

That's why the Cybertruck isn't being painted lol.

I'm aware that the Big 3 have some big advantages. They're just not using them strategically right now.

 

[GATTACA!]

I don't care about the cars, I need that space internet beamed into muh house. I'm tired of this 3 MBPS on good days for $80 a month.

Space internet is good....

But it can be better.

Papa Elon is going to be beaming it straight into your brain with the neuralink.

 

[Armyirish47]

Space internet is good....

But it can be better.

Papa Elon is going to be beaming it straight into your brain with the neuralink.

If it means I can play League of Legends while one of my kids watches Disney Plus sign me up.

 

[SonofOahu]

Hit $4000 today and Elon passed Bezos for ruler of the world.

Promised myself I'd sell here but Joe's gonna be good for electric cars.

GM, Ford & the other big players will have to cut into his market share before I sell.

I looked at your old post and hoped that you held on to those shares. TSLA is the reason why the small portfolio I set up for my daughter is up 250% over the past nine months. It's ridiculous, but I'm all in for riding this pony a bit longer. As you said, the Blue Wave will be great for electric cars and science in general. I'm also investing long in CRISPR based companies.

 

[SonofOahu]

That's the thing though, they won't need to innovate per se. It's a lot easier for a company to invest cash and follow the lead of the pioneer.

It's worth noting that Tesla isn't even a good car manufacturer. The institutional knowledge at Toyota, Volkswagen, and GM is superior to a Tesla manufacturing process. Tesla is getting better though but the actual cars are not great quality. Especially the paint jobs.

You're missing the point. Musk's entire drive is to develop space technology. SpaceX, Boring Company, Tesla... they're all part of his big-picture plan of colonizing Mars.

He's basically found the way to crowd-source his RnD.

 

[GATTACA!]

If it means I can play League of Legends while one of my kids watches Disney Plus sign me up.

What's your username? Whatcha play?

 

[BleedBlueGold]

Any Tesla owners here?

I bit the bullet back in October '21 and put in an order for a Model Y. Used car trade in value on mine, plus gas savings (premium) made it a no-brainer.

I'm on track to take delivery some time this month, but I'm nervous/skeptical after hearing all the stories about Tesla's manufacturing quality assurance issues. Any one have input on that?

 

[Veritate Duce Progredi]

When I started this thread. Tesla was at $230. It traded around $200 until the holidays and has doubled off it's lows then.

I don't give people specific financial advice but I personally believe Tesla will be at $1000 by 2020. Tesla is a can't lose. The automotive industry is in the autonomous revolution and EVERYTHING is cheap. Tesla, Google/Waymo, Intel/Mobileye, NXP Semiconductors (and Qualcomm if they acquire NXP).

I hate to sound obvious but Alphabet, Amazon, Tesla and Intel will all lead to a happy retirement.

I listened to this advice a little later, bought in just below or at $300/share. This was all pre-split. I'm tempted to buy 10-20 more shares.

 

[BleedBlueGold]

I've told my Tesla stock story on here before, but idk which thread.

I started following this company before the Model S was in concept. I almost bought in at $25/share just for fun, but I used my spare cash at the time to pay off debt. Fast forward, it had just dropped from $200 to about $150. I have some extra funds and asked my broker about buying in (I think this was before the Model 3 and Y were out but I knew they were working on them). He said all Merrill analysts had hold/don't buy projections on Tesla. Fast forward some odd years to just a few months ago, same broker says Buy Tesla! Year end projections have it around $1300. Shrug.

I've ALWAYS looked at Tesla as a tech company and with big tech, sky's the limit.

 

[phillyirish]

I bought in at 200$ after covid, sold most of it 2 months ago when it hit 1100$. I still hold 2 shares that I’ll keep forever cause Elon is a character and I love following it.

That was my only investing success. After watching some post covid stocks like PLUG hit 900% roi only to watch it all either down (still at a respectable 200%). Basically everything I invested in I planned to keep for 5 years and see what happens. I’ll still do that, but everything else I got is going into SP 500 funds until at least after I complete my MBA in a few years and have more time and knowledge to focus on markets.

 

[BobbyMac]

I listened to this advice a little later, bought in just below or at $300/share. This was all pre-split. I'm tempted to buy 10-20 more shares.

Another happy thousandaire courtesy of NDC… and Mr. Musk.

 

[Veritate Duce Progredi]

Another happy thousandaire courtesy of NDC… and Mr. Musk.

almost *hundred* thousandaire on that little nugget. Just need to see it surge a little higher than it's peak price. I'm a patient man, I won't be selling this decade.

 

[Rockin’Irish]

Any Tesla owners here?

I bit the bullet back in October '21 and put in an order for a Model Y. Used car trade in value on mine, plus gas savings (premium) made it a no-brainer.

I'm on track to take delivery some time this month, but I'm nervous/skeptical after hearing all the stories about Tesla's manufacturing quality assurance issues. Any one have input on that?

I’ve got a 2021 Model S and overall I’ve enjoyed the car. There are two things that I can say I’ve been disappointed about:

- the refresh of the S changed the way the tires throw up road debris which can cause some paint chipping, mudflaps are essential and should have been included
- I have started to notice that when I drive in heavier rain, the driver‘s side floorboard will get wet. I haven’t taken it in yet to get this addressed.

I will also say the fit and finish of the car overall is slightly below par……..not equal to a vehicle of similar cost. I think this is not surprising since Tesla hasn’t been manufacturing vehicles very long. I can add that the fit and finish is indeed better than it was a couple of years ago so Tesla is improving.

 

[BleedBlueGold]

I’ve got a 2021 Model S and overall I’ve enjoyed the car. There are two things that I can say I’ve been disappointed about:

- the refresh of the S changed the way the tires throw up road debris which can cause some paint chipping, mudflaps are essential and should have been included
- I have started to notice that when I drive in heavier rain, the driver‘s side floorboard will get wet. I haven’t taken it in yet to get this addressed.

I will also say the fit and finish of the car overall is slightly below par……..not equal to a vehicle of similar cost. I think this is not surprising since Tesla hasn’t been manufacturing vehicles very long. I can add that the fit and finish is indeed better than it was a couple of years ago so Tesla is improving.

Thanks for input. I definitely want to get some PPF as well as mudflaps. I've heard the paint isn't durable (however, I believe the new Austin plant may be improving this?? I'm hoping mine comes from there. Which also means I'll probably have the new 4680 batteries). My friend has a 2018 Model S and we both agree, for the price, the cars seem cheaply made. But we also have noticed a major improvement in quality and manufacturing. Lately though, at the speed they've been pumping these out, people have been noticing poor QA. It's just made me nervous.

I drive about 120 miles each day for work. Sometimes double that. I don't have range anxiety yet, but on days I need to drive about 250-300+ and have to find time to charge while working two full time jobs at the moment...that's going to get dicey. We'll see I guess.

 

[Rockin’Irish]

Thanks for input. I definitely want to get some PPF as well as mudflaps. I've heard the paint isn't durable (however, I believe the new Austin plant may be improving this?? I'm hoping mine comes from there. Which also means I'll probably have the new 4680 batteries). My friend has a 2018 Model S and we both agree, for the price, the cars seem cheaply made. But we also have noticed a major improvement in quality and manufacturing. Lately though, at the speed they've been pumping these out, people have been noticing poor QA. It's just made me nervous.

I drive about 120 miles each day for work. Sometimes double that. I don't have range anxiety yet, but on days I need to drive about 250-300+ and have to find time to charge while working two full time jobs at the moment...that's going to get dicey. We'll see I guess.

I installed a 50 amp/240 volt circuit in my garage which makes charging at home a breeze…….my car will charge at a rate of about 30 miles per hour. I would highly recommend you go this route for home charging. You can use the charger that comes with the car but you’ll need to purchase the adapter (around $50 from Tesla) for the wall outlet. PPF is definitely a good option to protect the areas prone to wear. Good luck and let me know what you think after you’ve had a chance to own the Y for a bit.

 

[BleedBlueGold]

I installed a 50 amp/240 volt circuit in my garage which makes charging at home a breeze…….my car will charge at a rate of about 30 miles per hour. I would highly recommend you go this route for home charging. You can use the charger that comes with the car but you’ll need to purchase the adapter (around $50 from Tesla) for the wall outlet. PPF is definitely a good option to protect the areas prone to wear. Good luck and let me know what you think after you’ve had a chance to own the Y for a bit.

I had the Tesla wall charger installed in the garage. Only issue with it is that I've locked myself into Tesla for foreseeable future. Ohwell.

I'll follow up after taking delivery. Fingers crossed it happens this month, it's from Austin, and no issues. Trifecta situation.

 

[Veritate Duce Progredi]

I'm waiting for their first Cybertruck to hit the market. Hoping to jump for the 2.0 model. I have a Tundra currently which is reliable but kind of the anti-Tesla with it's gas-guzzling V8. I move enough materials that a truck bed is a must.

I'm hoping the wife goes for a Tesla with her next vehicle as well. With 3 kids, it'll be the Model Y

 

[BleedBlueGold]

I'm waiting for their first Cybertruck to hit the market. Hoping to jump for the 2.0 model. I have a Tundra currently which is reliable but kind of the anti-Tesla with it's gas-guzzling V8. I move enough materials that a truck bed is a must.

I'm hoping the wife goes for a Tesla with her next vehicle as well. With 3 kids, it'll be the Model Y

Personally, I hate the design of the Cybertruck and think they "Bro'ed Out" too much. Idk why they couldn't do something more traditional like Rivian's design. Fortunately for Tesla, Rivian is making a mess of their pre-orders. I think in the end, the Model Y will be the most sold vehicle, ICE/EV or otherwise, in the country. The Cybertruck will be the H2 Hummer of EV. Either you love them or you hate them.

Unrelated to VDP's post, but I read a thread that Elon commented on regarding range. Competing companies are pushing range as their primary selling point. 400 miles! 500 miles! 1000 miles! But what they fail to see, and that of which Elon pointed out, is that most people drive less than 50 miles per day. What people need is a streamlined and efficient charging infrastructure. Tesla can but chooses not to put a giant battery with insane range in their current vehicles for multiple reasons. And it's because of this mindset that, imo, Tesla will always be a step ahead of the competition. My boss (PHD Physicist) knows a renowned engineer who's been gushing over Tesla's design concepts for years. There's so much more to Tesla than what people (including competitive market) are realizing. I wish I could remember so specific examples, but he often times talks over my head. haha

 

[BrownerandFry]

Personally, I hate the design of the Cybertruck and think they "Bro'ed Out" too much. Idk why they couldn't do something more traditional like Rivian's design. Fortunately for Tesla, Rivian is making a mess of their pre-orders. I think in the end, the Model Y will be the most sold vehicle, ICE/EV or otherwise, in the country. The Cybertruck will be the H2 Hummer of EV. Either you love them or you hate them.

Unrelated to VDP's post, but I read a thread that Elon commented on regarding range. Competing companies are pushing range as their primary selling point. 400 miles! 500 miles! 1000 miles! But what they fail to see, and that of which Elon pointed out, is that most people drive less than 50 miles per day. What people need is a streamlined and efficient charging infrastructure. Tesla can but chooses not to put a giant battery with insane range in their current vehicles for multiple reasons. And it's because of this mindset that, imo, Tesla will always be a step ahead of the competition. My boss (PHD Physicist) knows a renowned engineer who's been gushing over Tesla's design concepts for years. There's so much more to Tesla than what people (including competitive market) are realizing. I wish I could remember so specific examples, but he often times talks over my head. haha

ELon understands marketing as well as engineering and HIRING engineers

He is with the range discussion selling SIZZLE not Steak, and the marks buy it.

It is like the old Detroit trick

0-60 in ______________ sesonds

If you're past puberty, who needs that?

Sizzle, not steak.

I am enchanted by, but not convinced about your discussion of Tesla's long term edge.

Detroit, when they put their mind to it, can catch up quickly, very quickly...........