Lost Down There
I'm supposed to care about Tesla deliveries, and you are too.
There was a time when this wasn't news, or if it was, it was novelty news. Now, it's something else entirely, although I'm honestly not sure what. What happens to Tesla matters for the broader market, but it goes well beyond that.
Tesla is a car company, but more importantly, it's a reflection of Elon Musk's ability to turn eccentricity into something good and tangible. In an era when the whims of the centibillionaire class are incr
I’ve seen Heisenberg use this term on numerous occasions. For some reason, today, it stuck in my craw.
If we’re using SI prefixes, then “centibillionaire” would be someone with one hundredth of a billion dollars — or $10M. Thankfully we’re not at the whim of these people! Elon Musk, in contrast, would be a hectobillionaire.
Random pedantry for a lazy holiday Monday…
Hectobillionaire – such an ugly and discordant word. fortunately not necessary – at least in this country – until very recently. I think we all understood “centibillionaire” as meaning excessively wealthy without doing a double take and as a euphonious malapropism.
On the other hand, hecto- lends itself to “heck-a-billionaire” which calls back to California millennial slang (hella = a substantial amount, hecka = a similarly large but more politely referenced amount).
Nevertheless, you’re right; if “biweekly” can mean twice per week and once every two weeks, then semantics is entirely at the whim of the language-using majority and pedantry is nigh useless. Centibillionaire it shall be.
Webster says a centimillionaire is worth $100million or more……centibiilionaire isn’t in Webster’s at this time, but
it would be an individual worth over $100billion if it was.
Sort of dangerous word checking H ……he’s probably a better pedant than you are:)
Musk needs to convince those of a red persuasion to buy a tesla. Where else to find growth?
Liberals already own theirs and no new models are on their way.
On this, we can all agree!
Walt, you commented the other day that you would consider buying Tesla stock if it dropped 15% , which would have been about $95 per share. Do you still feel that way? I’m not looking for recommendations, just curious if your thoughts have changed.
Just so you know, I’m not interested in Tesla stock nor would I buy it, regardless of your thoughts.
I do still feel that way. Here’s the thing: You’re never going to buy Tesla at anything like “fair” value if the company is still viable. There’s always going to be a ridiculous premium built into it, it’s just a matter of how ridiculous that premium is. The only way it’s ever going to trade at levels that would make sense to a die hard fundamentals-based investor is if it’s in serious (i.e., going concern-type) trouble, in which case you wouldn’t want it anyway. That said, I wouldn’t feel anywhere near as comfortable buying Tesla down 85% from the highs as I did buying Meta down 73%.
I agree with the musk assessment and will like likely purchase a model y this year.
He has endorsed Desantis for president in 2024 … hoping we as a (fledgling) society are on a steep descent trajectory from “Peak Musk.”
I bought my wife a Model Y two-years ago. It’s the last Tesla I’ll ever buy.
Competitors are coming out with cars that IMO look much nicer than the current Teslas (excluding the model S). Exactly “shaped like a bubble comment”.
Even after Tesla’s terrible year of stock performance, it appears its current market cap is about four times larger than its pre-pandemic peak. With ~405,000 deliveries, its current market cap is a little less than $1 million per delivered car in 2022. With the current and coming EV competition, Musk may need to merge Tesla with SpaceX to protect/grow this type of valuation.
I’ve been a die hard Elon Musk fan ever since I read WaitButWhy’s post series about him in 2017:
https://waitbutwhy.com/2015/05/elon-musk-the-worlds-raddest-man.html
That post is also why I bought TSLA in 2018 and made, literally, a couple of million.
And I have to say this Heisenberg post about Elon is absolutely spot on. He has definitely lost his way and it’s possible he won’t make it back to reality.
However, he has again and again achieved the impossible. Creating a successful car company in this day and age, making ELECTRIC cars a reality, creating the first PRIVATE rocket company that NASA and the US military would not only use but come to rely on, making REUSABLE rockets that come back and land upright a ROUTINE thing.
Each of these endeavors came close to total failure. Each time Elon pulled these back through unimaginable hard work.
I unfollowed Musk the day he started his campaign to buy Twitter. But I’m still holding out hope that seeing the danger he has put Tesla and SpaceX into will snap him out of this madness.
Also I bought a Tesla Model 3 in 2019. It’s not a car, it’s freakin robot on wheels. Love it. The autopilot feature has probably saved my life – I use it wherever I’m tired or sleepy on long highway drives. Yes I would totally buy it again. Everyone else making electric cars is a decade behind Tesla in their AI software development.