No one need do anything to criticize Elon when he's wrong, even though you are physically incapable of doing so. I've defended Elon, (when appropriate), for far longer than most people.
Actually I called it nut gobbling.
LOL, I still have some of my Van's stuff.
= "Hater"
I haven't seen anyone sticking their heads in the sand, I've seen people who disagree with the narrative that the political leanings of a CEO have a net negative sales effect. You win some and you lose some, but the number of people who refuse to buy a Tesla because of Elon Musk is quite small, most of them can't even afford a new car anyway. And Elon has made it palatable for a bunch more people in the center and on the right to consider a Tesla for the first time ever.
Profits are way down, and would have been way down, even if Elon hadn't participated in federal politics at all. But now he has the ear of the POTUS and is doing work cheered on by a majority of Americans. The auto business has long been cyclic, in the longer term with the economy and in the shorter term with the seasons, and we are in the middle of an unprecedented rising of interest rates and crippling inflation that has left many Americans without enough money left at the end of each month to consider the high auto loan payments (due to rising interest rates). That's why Trump won the election, many have no money left over at the end of each month. And he said he was going to appoint Elon to run DOGE to do something about it, and the American people stood behind him to make it happen. It's happening, and most people are supportive of it. But it wil take time for auto sales to get back to where they were before the pandemic. Tesla sales are down further due to the nearly simultaneous switching over of all three factories that manufacture the Model Y, the best-selling car in the world. The refreshed Model Y will sell like hotcakes once all production lines are fully ramped.
As a long-term and very successful investor, I was never invested in a single auto company over the last 35 years until I bought Tesla shares in 2019. And it's been a wonderful ride, I'm up around 20X on my initial investment. But the best is yet to come. Before TSLA I primarily invested in tech companies, software, chips, cell phones, etc. But I always made room for exceptions for potentially high growrth companies in other sectors like SBUX, Costco, etc. But I would never invest in an auto company like GM or Ford, which is why I find the quote by JP Morgan so hilarious. All of the high growth companies I've invested in have been quite volatile in terms of share price. This is not new.
Considering I do that to my own truck you would be correct.
Not altitude, attitude.
Trade-ins on Tesla have naturally been trending higher since the Model S was released over 12 years ago. Each new model offered creates a bigger trade-in spike than the model before it, because there are constantly more Tesla on the road to trade in, it's only natural that we are at peak trade-in volumes. I'm sure the availability of the Cybertruck has helped too. So I don't think the "trade-in spike" is as large as you think, at least not the amount due to people protesting one of the most influential men of the 21st century.
But, yeah, he's a rich white man and some people don't like him for those reasons. But his wealth was the direct result of his hard work and vision, and he can't help the fact that he's white and he's a man. I'm sure some of his detractors would disagree with me on the last point!
Those far left synchophants should put their money where their mouth is, and just get their unwanted cars crushed. If they don't want to support Elon and his excellent work at DOGE, they are sadly mistaken that selling their car will achieve that. The new buyers will take road trips, use the Supercharger Network and expose a lot of people to Tesla that never knew what good cars they were.
This new exposure is very good for Tesla in that it will expose an entire new sales demographic to Tesla. people who would never consider spending $40K-$100K on a brand new Tesla can now get butts in seats. Their family and friends will see how excellent even a used Tesla with a bunch of miles on the odometer is. Sales will naturally rise. Elon doesn't care much for the lunatic far left (and they are not big buyers of new cars anyway). Most of them can barely afford a roof over their heads and to put food on the table.
There is a huge shift in the American political scene as former Democrats realize the party is not aligned with the values they grew up with. They have been lied to, there have been a number of disgusting cover-ups, and people are tired of the fakeness and pandering. Tesla has opened up an entirely new demographic of buyers who don't care about their CO2 emissions and just want the superior performance and convenience of an electric Tesla. This is good for the environment regardless of their motives. Hopefully this shift in demographics will keep some other new EV companies alive that might have otherwise died.
I haven't seen anyone sticking their heads in the sand, I've seen people who disagree with the narrative that the political leanings of a CEO have a net negative sales effect. You win some and you lose some, but the number of people who refuse to buy a Tesla because of Elon Musk is quite small, most of them can't even afford a new car anyway. And Elon has made it palatable for a bunch more people in the center and on the right to consider a Tesla for the first time ever.
Profits are way down, and would have been way down, even if Elon hadn't participated in federal politics at all. But now he has the ear of the POTUS and is doing work cheered on by a majority of Americans. The auto business has long been cyclic, in the longer term with the economy and in the shorter term with the seasons, and we are in the middle of an unprecedented rising of interest rates and crippling inflation that has left many Americans without enough money left at the end of each month to consider the high auto loan payments (due to rising interest rates). That's why Trump won the election, many have no money left over at the end of each month. And he said he was going to appoint Elon to run DOGE to do something about it, and the American people stood behind him to make it happen. It's happening, and most people are supportive of it. But it wil take time for auto sales to get back to where they were before the pandemic. Tesla sales are down further due to the nearly simultaneous switching over of all three factories that manufacture the Model Y, the best-selling car in the world. The refreshed Model Y will sell like hotcakes once all production lines are fully ramped.
As a long-term and very successful investor, I was never invested in a single auto company over the last 35 years until I bought Tesla shares in 2019. And it's been a wonderful ride, I'm up around 20X on my initial investment. But the best is yet to come. Before TSLA I primarily invested in tech companies, software, chips, cell phones, etc. But I always made room for exceptions for potentially high growrth companies in other sectors like SBUX, Costco, etc. But I would never invest in an auto company like GM or Ford, which is why I find the quote by JP Morgan so hilarious. All of the high growth companies I've invested in have been quite volatile in terms of share price. This is not new.
In other words, I think you are over-reacting, at least that's what 30+ years of being a very successful investor tells me. You seem a little green around the ears to understand market dynamics well enough to profit. In order to profit big, you have to develop your own read on the situation, if you try to follow Wall Street idiots trying to decieve and mislead, you will never make big money investing. They are not on your side, neither is the media. I use that to my advantage and I retired many years ago at age 38 doing exactly that.
And I keep getting wealthier in my retirement because I know how to read the situation. Markets and good companies that have been beaten down always turn around unexpectedly and often quite violently. JP Morgan never gives you a heads up a couple days before things turn around, in almost all cases they are still preaching doom and gloom when the upside happens. People who let them strike fear in their hearts never make the big money. That's why Warren Buffet famously said, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." And right now, people are fearful of the most dynamic company to ever exist. It's a better opportunity than about a year ago when I was saying Tesla was a screaming buy at only $175. Because the big profits are that much closer.
Here are some more Warren Buffet comments you could benefit from (if you care to):
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Time is the friend of the wonderful company, the enemy of the mediocre.
A public-opinion poll is no substitute for thought.
Risk comes from not knowing what you're doing.
It's never paid to bet against America. We come through things, but its not always a smooth ride.
If past history was all there was to the game, the richest people would be librarians.
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
I’m in Cheyenne which is 1,000 feet higher than Denver and people love the truck. We got 2 thumbs up yesterday just going to the grocery store.
I gotta hand it to you @HaulingAss … you and I disagree on a lot of posts in the past but this one, by far, is your best post yet. This was excellent.Trade-ins on Tesla have naturally been trending higher since the Model S was released over 12 years ago. Each new model offered creates a bigger trade-in spike than the model before it, because there are constantly more Tesla on the road to trade in, it's only natural that we are at peak trade-in volumes. I'm sure the availability of the Cybertruck has helped too. So I don't think the "trade-in spike" is as large as you think, at least not the amount due to people protesting one of the most influential men of the 21st century.
But, yeah, he's a rich white man and some people don't like him for those reasons. But his wealth was the direct result of his hard work and vision, and he can't help the fact that he's white and he's a man. I'm sure some of his detractors would disagree with me on the last point!
Those far left synchophants should put their money where their mouth is, and just get their unwanted cars crushed. If they don't want to support Elon and his excellent work at DOGE, they are sadly mistaken that selling their car will achieve that. The new buyers will take road trips, use the Supercharger Network and expose a lot of people to Tesla that never knew what good cars they were.
This new exposure is very good for Tesla in that it will expose an entire new sales demographic to Tesla. people who would never consider spending $40K-$100K on a brand new Tesla can now get butts in seats. Their family and friends will see how excellent even a used Tesla with a bunch of miles on the odometer is. Sales will naturally rise. Elon doesn't care much for the lunatic far left (and they are not big buyers of new cars anyway). Most of them can barely afford a roof over their heads and to put food on the table.
There is a huge shift in the American political scene as former Democrats realize the party is not aligned with the values they grew up with. They have been lied to, there have been a number of disgusting cover-ups, and people are tired of the fakeness and pandering. Tesla has opened up an entirely new demographic of buyers who don't care about their CO2 emissions and just want the superior performance and convenience of an electric Tesla. This is good for the environment regardless of their motives. Hopefully this shift in demographics will keep some other new EV companies alive that might have otherwise died.
I haven't seen anyone sticking their heads in the sand, I've seen people who disagree with the narrative that the political leanings of a CEO have a net negative sales effect. You win some and you lose some, but the number of people who refuse to buy a Tesla because of Elon Musk is quite small, most of them can't even afford a new car anyway. And Elon has made it palatable for a bunch more people in the center and on the right to consider a Tesla for the first time ever.
Profits are way down, and would have been way down, even if Elon hadn't participated in federal politics at all. But now he has the ear of the POTUS and is doing work cheered on by a majority of Americans. The auto business has long been cyclic, in the longer term with the economy and in the shorter term with the seasons, and we are in the middle of an unprecedented rising of interest rates and crippling inflation that has left many Americans without enough money left at the end of each month to consider the high auto loan payments (due to rising interest rates). That's why Trump won the election, many have no money left over at the end of each month. And he said he was going to appoint Elon to run DOGE to do something about it, and the American people stood behind him to make it happen. It's happening, and most people are supportive of it. But it wil take time for auto sales to get back to where they were before the pandemic. Tesla sales are down further due to the nearly simultaneous switching over of all three factories that manufacture the Model Y, the best-selling car in the world. The refreshed Model Y will sell like hotcakes once all production lines are fully ramped.
As a long-term and very successful investor, I was never invested in a single auto company over the last 35 years until I bought Tesla shares in 2019. And it's been a wonderful ride, I'm up around 20X on my initial investment. But the best is yet to come. Before TSLA I primarily invested in tech companies, software, chips, cell phones, etc. But I always made room for exceptions for potentially high growrth companies in other sectors like SBUX, Costco, etc. But I would never invest in an auto company like GM or Ford, which is why I find the quote by JP Morgan so hilarious. All of the high growth companies I've invested in have been quite volatile in terms of share price. This is not new.
In other words, I think you are over-reacting, at least that's what 30+ years of being a very successful investor tells me. You seem a little green around the ears to understand market dynamics well enough to profit. In order to profit big, you have to develop your own read on the situation, if you try to follow Wall Street idiots trying to decieve and mislead, you will never make big money investing. They are not on your side, neither is the media. I use that to my advantage and I retired many years ago at age 38 doing exactly that.
And I keep getting wealthier in my retirement because I know how to read the situation. Markets and good companies that have been beaten down always turn around unexpectedly and often quite violently. JP Morgan never gives you a heads up a couple days before things turn around, in almost all cases they are still preaching doom and gloom when the upside happens. People who let them strike fear in their hearts never make the big money. That's why Warren Buffet famously said, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." And right now, people are fearful of the most dynamic company to ever exist. It's a better opportunity than about a year ago when I was saying Tesla was a screaming buy at only $175. Because the big profits are that much closer.
Here are some more Warren Buffet comments you could benefit from (if you care to):
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Time is the friend of the wonderful company, the enemy of the mediocre.
A public-opinion poll is no substitute for thought.
Risk comes from not knowing what you're doing.
It's never paid to bet against America. We come through things, but its not always a smooth ride.
If past history was all there was to the game, the richest people would be librarians.
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
