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TSLA, SpaceX and all things Elon Musk

Discussion in 'ASX Stock Chat' started by tech/a, Feb 5, 2020.

  1. tech/a

    tech/a No Ordinary Duck

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    There is a buzz around so thought Id open a separate thread to accommodate it.

    One of those life changing opportunities right in front of all of us right now.
    I know a few people who own enough Tesla Shares to change their life.

    one bought under $100 and another at Just under $200.

    me I don’t have any but am excited and happy for friends and family who do.

    some valuations go as high as over $10000

    which I’d see as fanciful until I see Berkshire Hathaways stock price.
    Over $300,000 a share

    if Space X is floated I’ll be on it in a flash!
     
    Kondel, fergee and qldfrog like this.
  2. lusk

    lusk

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    Im a big fan of Elon Musk, heaps of billionaires on the planet. Not many will be remembered, he will be.

    At the moment to many people talking about TESLA, huge volume, l'd be out.
     
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  3. tech/a

    tech/a No Ordinary Duck

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    The reason Id be holding is that its the Big institutions that can afford this volume
    at this price. They smell growth. Elon Musk will continue to grow everything.

    I note that all diesel and Petrol Cars are likely to be out of Production by 2035
    Short Oil!

    This is tangible. This is revolutionary. This is in OUR TIME!
    My order for 30 is in.
    My intention is to set and Basically forget.
     
    fergee likes this.
  4. tech/a

    tech/a No Ordinary Duck

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    Bleary eyed
    But picked them up at $778
    Check back in a few years.
    Just like to have a little skin
    In the game.
     
  5. ducati916

    ducati916

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    Prior to today's pullback, TSLA at $159B was valued $50B higher than GM, Ford and Fiat Chrysler combined.

    How are you calculating the (longer term) value/price appreciation in this stock?

    jog on
    duc
     
  6. tech/a

    tech/a No Ordinary Duck

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    Looking forward I don’t think you can put an accurate valuation on it.
    Musk is into everything that will rule the world
    Environmentally friendly power
    The technology he wants to put into space with SpaceX is just amazing.

    how could we have valued the Property Market in 1996 looking 15 years forward
    Or Berkshire Hathaway when Buffet first took control or Bitcoin at a few $s

    in things like this I can’t get my timing perfect but I want to be in it
    Right or wrong. The future will be my judge.
     
  7. qldfrog

    qldfrog

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    Agree with overall company future.not so much with current price with current market for a buy and hold but i am usually wrong
     
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  8. Dona Ferentes

    Dona Ferentes

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    qldfrog likes this.
  9. tech/a

    tech/a No Ordinary Duck

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    Only purchased 30
    If it dives Ill definitely Average down which is the Sin of trading Sins.
     
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  10. joeno

    joeno

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    I have a few shares of Tesla... but i'm skeptical of these prices. We really think other highly competitive autos like Ford, GM, BMW, Volkswagen, Toyota, Hyundai etc. are going to drop dead? They'll do what Tesla is doing - with maybe some less miles on the battery but also less $ to the price tag.

    People have been saying oil is going to be dead for decades now. Yet consumption is going up...
     
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  11. tech/a

    tech/a No Ordinary Duck

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    And look for up and comers.
    There Leaders Followers and Losers.

    BUT the biggest innovator in this field is Musk!

    And currently his share of World wide car sales is
    increasing rapidly.

    https://www.statista.com/topics/2086/tesla/

    I dont see others with increasing sales.
    Tesla is meteoric.
     
    qldfrog likes this.
  12. barney

    barney

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    Hallelujah …. Tech is human after all:p

    Don't want to derail the thread, but just on averaging down ….. I prefer to describe it as "building a position" Sometimes its a sensible option when the potential future value of something is hard to calculate.

    Tesla is a good example of that. (Good to see there is still some fire in the old belly Tech:))
     
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  13. tech/a

    tech/a No Ordinary Duck

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    It would have to tank.
    Like most things in life you dont take any notice
    until its in your face,

    You can call it what you like---self deception is a bitch.
    It can certainly be argued that you got it wrong!
    I haven't got one that I've averaged down.
    I've certainly averaged UP.
    Tesla could be the exception
     
  14. Dona Ferentes

    Dona Ferentes

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    Asymptotic would be even better :)
     
  15. ducati916

    ducati916

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    Musk:

    (a) Musk committed securities fraud (stock manipulation) when he tweeted that he was taking Tesla private at $420, with “funding secured.” This was a lie to scare short sellers out of Tesla stock.

    (b) Musk personally called a short seller’s employer, threatening the employer with a lawsuit if the employer didn’t stop the short seller from posting negative research about Tesla on Seeking Alpha and Twitter.

    (c) Musk’s bailout of SolarCity – a heavily indebted, money-losing solar company with a broken business model, run by Musk’s cousin. It would have gone bankrupt in a few months if Tesla shareholders hadn’t bought it. By bailing out SolarCity, Musk heaped a money-burning operation and billions of dollars of debt onto Tesla, which was already struggling to break even. Today...where are the solar panels?

    (d) Musk’s state of mind (sanity) when he called a British diver rescuing Thai kids trapped in a cave a “pedo” in a tweet. https://www.buzzfeednews.com/article/ryanmac/elon-musk-cant-lose

    Clearly those are (some) of the negatives. There will be positives. The point being that Musk is erratic. Any one of the above could have seen him removed from his position at Tesla. Like Jobs and APPL (early days) before him, could Tesla survive (in this early phase) his loss? If the answer is no, then the risk to the stock, trading at these multiples is simply enormous.

    jog on
    duc
     
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  16. tech/a

    tech/a No Ordinary Duck

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    Duc
    Well that does it then
    Better load my 30 stock on the
    Sell side!
     
  17. ducati916

    ducati916

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    While I'm sure there are some institutions holding, the majority are held by ETFs. ETFs are (almost by definition) MOMO investors.

    My question is:

    The TSLA story has been around a while now. Why were you not interested at $200/share (story was the same) but buy at $700+ share?

    The fundamentals are much the same now at $700/share as they were at $200/share.
    On a chart basis, this does not fit any of your criteria (to date).

    jog on
    duc
     
  18. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    One thing I do know is that he is hated by a certain media organisation. You know he donates to both sides of politics!
     
  19. tech/a

    tech/a No Ordinary Duck

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    The same reason I missed Gold at $250
    When a certain Nate of mine mentioned it
    Way back and Singing Tesla when under $100


    Just didn’t take them up.
    Typical dumb human nature
    At $700 + it maybe typical dumb human nature.

    so been dumb twice in these cases
    Perhaps a third!
     
  20. ducati916

    ducati916

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    Interesting review.



    jog on
    duc
     
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