I may not be able to buy a Cybertruck unless something changes. Anyone else?

LoneWolfO6

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I’m sure I’m not the only one in this boat:
- My Tesla stock has lost $100,000.
- I can’t afford the 1st Cybertruck on order (dual motor) unless the stock bounces back by the time mine is made (600,000 th.)
- I can’t justify the 2nd (tri motor) unless the first can make money as a robotaxi (like Elon promised).
Or you can by GoEv (Canoo) stock for about $1 a share, if they get their head out of their backside and stop spending all their cash joyriding the USA then release their product they might jump in price 5 fold?! Then you can sell and buy your CT. Lol

 

jerhenderson

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I hate to say it but I think that Elon is shooting Tesla (and SpaceX) in both feet with his recent behavior. The board is under a lot of legal pressure about the $55 billion compensation package (a shareholder revolt among some of the institutional buyers) and him seemingly trying to alienate the average Tesla buyer (green and liberal for the most part) with what he is doing on and with Twitter could alienate a lot of the Tesla customer base. He has done a lot of great things with Tesla but if he tanks sales the board could and probably should boot him. I have a CT and an electric Silverado as a backup on order, I just hope all of these distractions don't push delivery out even farther.
people that are bashing his Twitter work are being extremely close minded. Programming is what Elon does. it's his first language. he likely has a better understanding of how to fix Twitter than their former management team did.

the board may be under pressure but it isn't justified - the goals were hard to reach. the whining about his pay comes from jealous whiners that didn't think he could do it.

none of what he is doing will delay your ev delivery, or SpaceX... he hired competent managers.
 

PointHope

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Yeah, there was literally no reason for bitcoin to increase in value, so its devaluation is pretty expected.

There were three things propping it up and two of those have vanished. The fact that your argument ends at this kinda says which of the three you were participating in.

-Crissa
To understand Bitcoin you must first admit that it an entirely new financial animal for humanity to digest.
You need some fresh concepts (digestive enzymes) to understand what is going on.
Concepts like 'trustless accountability', 'network difficulty', 'Hashrate', 'consensus algorithm' are utterly foreign to most folks.
As expected, you do understand General Mills, Ben and Jerry. Thank you for confirming that.
 


samroy92

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I’m sure I’m not the only one in this boat:
- My Tesla stock has lost $100,000.
- I can’t afford the 1st Cybertruck on order (dual motor) unless the stock bounces back by the time mine is made (600,000 th.)
- I can’t justify the 2nd (tri motor) unless the first can make money as a robotaxi (like Elon promised).
I can't tell if this is parody or not 🤣
 

Crissa

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people that are bashing his Twitter work are being extremely close minded. Programming is what Elon does. it's his first language. he likely has a better understanding of how to fix Twitter than their former management team did.

the board may be under pressure but it isn't justified - the goals were hard to reach. the whining about his pay comes from jealous whiners that didn't think he could do it.

none of what he is doing will delay your ev delivery, or SpaceX... he hired competent managers.
Programming is not social.

Twitter is social.

The same reason why the Administrator here needs to be near anonymous and iron-fisted is the same reason why Elon is having so much trouble.

-Crissa
 

Crissa

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To understand Bitcoin you must first admit that it an entirely new financial animal for humanity to digest.
You need some fresh concepts (digestive enzymes) to understand what is going on.
Concepts like 'trustless accountability', 'network difficulty', 'Hashrate', 'consensus algorithm' are utterly foreign to most folks.
None of that explains why bitcoin should increase in value. If it has use as a trade currency - it needs to be easy and cheap to transfer, and stable in value. If it has use as a store of value, it needs to be required to pay something.

It doesn't have these things. You using words like they're magical terms doesn't change this.

And yes, I have been involved in digital currencies for two decades and the internet for almost thirty years. And programming for more.

-Crissa
 

PointHope

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None of that explains why bitcoin should increase in value. If it has use as a trade currency - it needs to be easy and cheap to transfer, and stable in value. If it has use as a store of value, it needs to be required to pay something.

It doesn't have these things. You using words like they're magical terms doesn't change this.

And yes, I have been involved in digital currencies for two decades and the internet for almost thirty years. And programming for more.

-Crissa
Scarcity is the foundational part of Bitcoin value.
The recent arrival of Lightning networks fixes the easy cheap to transfer aspect to be able to buy a cup of coffee at Mc Donald's in San Salvador with Bitcoin.
It wasn't long ago you could use BTC to buy your new Tesla Model 3. This user angle will likely return in the foreseeable future and the currently global finance catastrophe unwinds.

As mentioned before in previous conversation about this, price stability will be a thing once market cap exceeds 1 trillion UDS.
We are currently watching a shitcoin shakeout, starring FTX and ETH.
 

Crissa

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Scarcity is the foundational part of Bitcoin value.
The recent arrival of Lightning networks fixes the easy cheap to transfer aspect to be able to buy a cup of coffee at Mc Donald's in San Salvador with Bitcoin.
It wasn't long ago you could use BTC to buy your new Tesla Model 3. This user angle will likely return in the foreseeable future and the currently global finance catastrophe unwinds.

As mentioned before in previous conversation about this, price stability will be a thing once market cap exceeds 1 trillion UDS.
We are currently watching a shitcoin shakeout, starring FTX and ETH.
Either it's worth it for stability and ease of transfer - and then no good as an investment - or it's good as an investment and no good as a currency of exchange.

You can't have both. They have conflicting requirements.

Choose one. That you don't, shows which of the three things lifting bitcoin prices you're going for here.

-Crissa
 


charliemagpie

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Bitcoin trepidation for me is simply not understanding its value.

Not trusting was like when people had hard copy bankbooks. I recall 40? Year's ago, during the transition to electronic banking, old people insisted that their deposit also be recorded in their book.
 

SolarWizard

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Why do people still think their order number is a place in line to get a truck?
 

Cybertruckee

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We talked about this a while back. You should never rely on any stock being a specific value when you need it.

That said… we’re 6 months from the first possible customer deliveries and you are unlikely to see your truck for at least a year after that. Likely 2 years. It’s very likely Tesla will not be in this rut for 2+ years. Unless you sold probably just hang onto the stock. The next couple quarters might open some eyes up.

If/ when it recovers, set aside the Cybertruck funds in a nice safe savings account.
Agree!

I trade, a few times within the same day, so I've earned the money I need for my purchase of Cybertruck.

However, it's just leverage telling them that I would pay cash if they can't give me a satisfactory APR to a finance and to express my willingness too to a bigger down payment to lower their risk on their loan.

For you current stockholder, you might want to join to add to the activist voice at Tesla. These stockholders see Elon as a genius innovator but a so-so leader (more of THE BOSS, similar to his moves and the debacle in Twitter). Tesla is on most ESGV (good guys stock) ETF but Tesla itself is not seen as "good guy" with it's issues mainly on Elon on discrimination, dictatorial style, sexism, racism and accountability reporting. "Good guy" companies carry a good premium on their stock price than their competitor or industry counterpart.

Upside, Tesla as a company is way ahead technology-wise and have massive global driving that they still have not cashed-in or monetized.

It's still very pricey even at current levels but had a good chance of recovering it's old glory. (I also still have skins on the game and swimming in it's red wave).
 
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RMK!

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I’m sure I’m not the only one in this boat:
- My Tesla stock has lost $100,000.
- I can’t afford the 1st Cybertruck on order (dual motor) unless the stock bounces back by the time mine is made (600,000 th.)
- I can’t justify the 2nd (tri motor) unless the first can make money as a robotaxi (like Elon promised).
With only $100 CT reservation fee just wait it out and see. With that reservation number you'd be lucky to get it in 2024. As for Elon's comments, they are never promises and should not be interpreted as such.
 

PointHope

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Either it's worth it for stability and ease of transfer - and then no good as an investment - or it's good as an investment and no good as a currency of exchange.

You can't have both. They have conflicting requirements.

Choose one. That you don't, shows which of the three things lifting bitcoin prices you're going for here.

-Crissa
Very nice display of the ongoing Federal Reserve 'speak', which is effectively a lie being perpetuated on the public since December 23rd 1913.
The case of not being able to see a forest because the trees are in the way.
There is a much bigger picture to study.
Ask yourself about the value of the USD over the past 110 years?
The current system trains you not to ask these questions, effectively perpetuating a system of slavery.
You might notice how the current monetary system is in a meltdown all around the world.

 

 
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