Tesla Now Worth More than GM and Ford Combined

**renf** · January-15-20, 09:23 AM

Tesla shares were up almost 10% on Monday. Detroit Yes is the place to go for stock tips - better than the barber shop.

**Gistok** · January-16-20, 03:40 AM

Just saw this today from Reuters....

"New Tesla registrations in California nearly HALVES in 4th quarter."

https://www.msn.com/en-us/money/comp...cid=spartandhp

**Metro25** · January-16-20, 09:32 AM

Originally Posted by renf

Tesla shares were up almost 10% on Monday. Detroit Yes is the place to go for stock tips - better than the barber shop.

Yeah because it went up on Monday means it will never ever go down. Great logic.

It wasn't that long ago it dipped below GM. It's highly volatile, but hey I'm not stopping you from diving into the hot mess.

**Cincinnati_Kid** · January-17-20, 10:25 AM

https://www.fox2detroit.com/news/man...iving-in-tesla

I guess this guy thought he felt the need to test it out on a local freeway. Bad move.....

**iheartthed** · January-17-20, 01:25 PM

Originally Posted by renf

Tesla shares were up almost 10% on Monday. Detroit Yes is the place to go for stock tips - better than the barber shop.

It's almost back to where it was this time last week, Stock Whisperer.

**softailrider** · January-17-20, 02:00 PM

Originally Posted by Cincinnati_Kid

https://www.fox2detroit.com/news/man...iving-in-tesla

I guess this guy thought he felt the need to test it out on a local freeway. Bad move.....

Some times you just feel like putting game your foot down. Got to studiously pick your spots though.

**313WX** · January-17-20, 03:51 PM

On a related note, this article about Ford's future [[or lack thereof) in the event of a recession and spike in oil prices is a good read...

https://www.ccn.com/next-recession-c...motor-company/

**Metro25** · January-17-20, 04:06 PM

^ That has to be one of the laziest opinion pieces I've ever seen lmfao. Far from a good read.

Here's another article from that genius author.

https://www.ccn.com/greta-thunberg-j...change-denier/

**313WX** · January-17-20, 04:19 PM

Originally Posted by Metro25

^ That has to be one of the laziest opinion pieces I've ever seen lmfao...

Ok Worldsgreatest.

**iheartthed** · January-17-20, 04:39 PM

Originally Posted by Metro25

^ That has to be one of the laziest opinion pieces I've ever seen lmfao. Far from a good read.

Here's another article from that genius author.

https://www.ccn.com/greta-thunberg-j...change-denier/

It's a bitcoin news blog. Definitely not a reliable source of information...

**Richard** · January-20-20, 07:48 AM

Maybe not Tesla related but New York utility customers get to see a rise in their monthly bill.

Out of the increase includes $39 million for electric vehicle charging stations,like it or not I guess they get to subsidize others choice of vehicle.

**Richard** · January-20-20, 07:57 AM

Originally Posted by 313WX

On a related note, this article about Ford's future [[or lack thereof) in the event of a recession and spike in oil prices is a good read...

https://www.ccn.com/next-recession-c...motor-company/

They are not taking into account that for the first time in 75 years we have exported more oil then we consume,so we would not be impacted by middle eastern rises in fuel costs.

**313WX** · January-20-20, 03:00 PM

Originally Posted by Richard

They are not taking into account that for the first time in 75 years we have exported more oil then we consume,so we would not be impacted by middle eastern rises in fuel costs.

OPEC still has more control over the market than some give them credit for.

While it's true that the US is less dependent on them now than in year's past, a sudden spike in prices in response to geopolitical instability would still put quite a bit of strain on our economy, as drillers / frackers wouldn't be able to ramp up quickly enough to make up for their lost production.

**Richard** · January-22-20, 11:21 AM

Tesla is starting construction on a giga factory outside of Berlin.

https://m.dw.com/en/tesla-factory-ou...ion/a-51286353

While VW is building one in Tennessee with the goal of building 50 million EVs within the next few years.

https://electrek.co/2019/11/12/vw-br...moment-by-ceo/

**leapfrog** · January-22-20, 01:18 PM

Originally Posted by Richard

They are not taking into account that for the first time in 75 years we have exported more oil then we consume,so we would not be impacted by middle eastern rises in fuel costs.

Yet even the most recent trouble with Iran affected oil prices. Oil is a commodity. Anything that affects the market affects the entire market.

https://www.houstonchronicle.com/bus...l-14948597.php

**Richard** · January-22-20, 06:53 PM

Originally Posted by leapfrog

Yet even the most recent trouble with Iran affected oil prices. Oil is a commodity. Anything that affects the market affects the entire market.

https://www.houstonchronicle.com/bus...l-14948597.php

From your link

“Part of the reason oil prices didn’t spiek Friday is because the U.S. and other countries outside of the Middle East are producing so much oil. U.S. oil production and exports are at all-time highs.”

So as I posted,we were not impacted by the spike because of our current production levels,if it had spiked to that point it would effect our export prices at market level and not necessarily domestic prices.

No matter what the costs were,we were paying Venezuela 70c over market value for thier oil,pre Chavez days,and it did not reflect on our domestic prices at that time.

I also expect everybody that that reads this to send a complaint to the professional newspaper writer that they misspelled the word “spike”.

**Lowell** · January-23-20, 09:31 AM

I saw the other day where Tesla value topped $100 billion in market capitalization. Bubble, bubble, bubble. Pop?

**rb336** · January-23-20, 12:26 PM

Originally Posted by Lowell

I saw the other day where Tesla value topped $100 billion in market capitalization. Bubble, bubble, bubble. Pop?

That is how I see it. That is why the stock market is a poor measure of anything but itself - people like to think it is tied to something tangible, but in reality it is an irrational place, governed by emotion rather than cold, hard facts.

**Lowell** · January-23-20, 12:53 PM

Today I see that Tesla has now eclipsed VW to be the world's second most valuable auto maker. [Toyota is tops at $223B and, IMO, also overpriced] Tesla bring to mind the following famous phrase:

"Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s.

**401don** · January-23-20, 01:46 PM

Threadjack: I used to think of electrics just in terms of fuel economy with cars like the Leaf & Volt, but have you seen the "instant torque" of some of these sporty models. 0-60 in just over 2 seconds. Pretty amazing. Even the Mustang Mach E suv will be about 3.5 seconds.

**davewindsor** · March-09-20, 03:50 PM

Originally Posted by davewindsor

Worst part is that Musk only owns 22% of the company. Institutions own 57%. And it's those company pension plans that invest in these institutional funds. When the bubble bursts on Tesla and tech stocks, boy, watch out.

Tesla took a 13.6% [[-$95.48) hit today. Over the past month, it went from $917 to $608.47 today. I called it two months ago. Those company pension plans are all going to get wiped out.

**Metro25** · March-09-20, 05:23 PM

And yet Tesla is still stupidly overvalued.

This is a company that makes no money and has no path to consistent profitability. Oh and now they have to compete with electric car tax incentives that Ford still has plenty of.

**detmsp** · March-09-20, 09:18 PM

Originally Posted by davewindsor

Tesla took a 13.6% [[-$95.48) hit today. Over the past month, it went from $917 to $608.47 today. I called it two months ago. Those company pension plans are all going to get wiped out.

Tesla's stock having a bad day during a bad day for the entire market doesn't really seem to be indicative of the company's performance or future prospects. GM was down 13% today too.

Year to date GM, Toyota, Honda, Ford and FCA are all down considerably. Tesla is up. So I'm not sure exactly what you're taking credit for predicting here.

**Mind field** · March-10-20, 10:58 AM

Originally Posted by davewindsor

Tesla took a 13.6% [[-$95.48) hit today. Over the past month, it went from $917 to $608.47 today. I called it two months ago. Those company pension plans are all going to get wiped out.

So you predicted that a global pandemic would threaten the global economy? Coronavirus is the reason Tesla along with nearly every other company on the planet have seen declining stock prices. What other predictions do you have oh wise sage?

**davewindsor** · March-10-20, 12:50 PM

Originally Posted by Mind field

So you predicted that a global pandemic would threaten the global economy? Coronavirus is the reason Tesla along with nearly every other company on the planet have seen declining stock prices. What other predictions do you have oh wise sage?

No, it could have been anything that broke the bubble. Tesla's an overpriced tech bubble ready to burst. Not everything declined though, plenty survived, ex. Walmart--Mar 11/19 = $98.48, Mar 6/20 = $117.18, Mar 9/20 = $117.16.

It was the oil and gas companies that took the largest brunt of the beatings [[over 25%) and that was created by Russia, not Corona.