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re: Elon Musk Says Tesla Will Be $1 Trillion Dollars Soon

Posted on 7/14/16 at 10:35 am to
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27888 posts
Posted on 7/14/16 at 10:35 am to
Tesla will be hemorrhaging money if and when they are able to fulfill those 400K in presell . My guess is that those 400K in presell end up being about 300K in actual sales. I can see an area for growth...maybe if oil approaches 4.00 a gallon again but so long as it stays under 3.00 a gallon it does not make sense. Additionally, the retail price point overall for Tesla makes it cost prohibitive to the market segment that would most benefit from an electric vehicle.

I'm not really seeing where the "potential" is really worth the stock price. Teslas will continue to be novelty items for people ,thus, I'm not seeing the justification of the high market cap either....40% of Ford? Come on.

Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 7/14/16 at 10:41 am to
Tesla is clearly not building a $5b gigafactory to be the biggest building on earth with the intention of burning cash. The deal with solar city makes them a one stop shop to get your electric car,solar panels and power wall to store your energy at home. You could walk into a tesla store and leave being completely off the grid. I don't care much about financials today as all growth companies burn money. Apple,Amazon,etc were all on the cusp of bankruptcy early on. The electric car is here to stay and in its early days. I won't judge tesla in any way until another 5 years pass. Musk has been late delivering on promises but he usually ends up delivering. Tesla sold 1500 cars in 2010 today it's gonna be more like 60-70k or more that is remarkable growth. It's not as simple as others think that they can compete with tesla. I used to think that but look at the infrastructure tesla has. Ford doesn't have a gigafactory,they don't have charging stations,they don't sell solar panels. Tesla is years ahead of competition at this point and it scares people bc a lot of jobs are at stake if tesla succeeds. I finally went long recently, I figure what the hell its a hedge against my gas stations at this point
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