🚀 Tesla to Mars 🚀
@Ornorm My supporter bought the shares on my behalf with donations given for my needs. Leaving money in a bank earning next to zero interest is not a sensible thing to do.
Investing in a green future is a win/win option. Tesla can borrow more money based on the increasing value of the company, accelerating the transition to EVs, Solar, HVAC, and other projects that they are working on.
If I don't need to use the funds before I die, they will be sold to support a meditation centre. If I do need to use them next year, or the year after, one or two shares can be sold for more than the amount invested.
@Pesala Then I hope they go to Mars so, in any case, they can be sold and used properly.
Three weeks after the announcement, the share price closed at a record high of $641.76. In trading before the market opens the share price is now at $664.55. Just two weeks to S&P inclusion on 21st December. Don't be surprised to see the price pass $700, though it may well fall back to more realistic levels in the New Year as the US Pandemic takes hold, and factories may be closed.
- £2,208 invested in 7 shares on 16th November is currently worth £3,468.
On Day 138 of construction the enormous Terafactory at Austin, Texas is rapidly taking shape and construction proceeds 24/7 with three shifts. Production is expected to start around May 2021.
It's strange - sometimes Pesala turns into this guy:
@Pathduck Investing in a greener, pollution free future instead of investing in banks that allegedly do money-laundering.
Tesla stock is effectively included now as the index funds had to purchase by end of trading today. The closing price on Friday 18th was $695.
- £2,208 invested in 7 shares on 16th November is now worth £3,585.40
As expected, the last week has been a roller-coaster ride, and that is likely to continue.
- Tesla x10 in five to ten years = $6,950?
With a market capitalisation of more than $600bn, Tesla now ranks as the most valuable car maker in the world and the sixth most valuable company on Wall Street, behind tech giants such as Apple and Amazon.
Traditional wall-street analysts continue to under-estimate the true value of Tesla because they value it as a car company. It is much more than that. It is also a Solar Power company, an Energy company, and a software company. Although it is true that the current price is inflated, the key point is that Tesla continues to invest $Billions in growth. The Biden administration is likely to encourage the transition to clean, sustainable energy and zero emissions transport. Many European countries have plans to ban the sales of Internal combustion engine vehicles by 2030.
The transition to new technology will be much swifter than most people realise. Reflect on what happened to cameras, TVs, and computers over the last two decades. Who uses a horse for transport nowadays. Henry Ford made them obsolete. ICE cars will soon be obsolete for regular transport — they will be for collectors and enthusiasts, just for pleasure, like horses are now. Even driving will be that people sometimes do for fun, not due to necessity, because cars will drive themselves more safely than average human drivers. There will be a huge insurance premium to pay if you want to drive your car.
Bookmark this post and come back in five years to see if any of this came true.
The closing price on Thursday 31st December was $705.67, after a maximum of $718.72 during the day.
£2,208 invested in 7 shares on 16th November is now worth £3,624.48.
We are still waiting for an announcement about reaching the 500,000 vehicle target for 2020, which Elon set in 2014, and was widely thought to be impossible by the so-called market analysts.
In February, Ark Invest set a five-year target of $1,400 ($7,000 pre-split), which was ridiculed by many. It is not looking so silly now.
Is the Bubble About to Burst?
Tesla fell 450 vehicles short of their 2020 delivery target of 500,00 with production slightly over half a million.
The stock closed yesterday at $735.11, but overnight has soared to $750.90! When will it slow down or start falling? I hope it does fall, so that I can invest some more.
- £2,208 invested in 7 shares on 16th November is worth £3,867.39, just over seven weeks later.
Update: No sign of a slowdown yet. The stock closed at $755.98 on 6th January, with my investment up 176%.
Latest: I guess it must go down eventually, but it is still climbing like crazy. At market close on 8th January it was $880.
- £2,208 invested is now worth £4,539.81 (up 206%)
It is not all about Electric Cars
Green energy is an even bigger market, and Tesla is heavily invested in battery technology and solar panels.
Joe Biden already showed his intent by cancelling the Keystone XL pipeline and rejoining the Paris agreement. Legacy auto and power is on its way down to being worthless.
- At market close on 20th January Tesla stock had fallen back to $850.45
- £2,208 invested on 16th November is now worth £4,363.12 (up 197.6%)
I guess it must go down eventually, but it is still climbing like crazy.
The price finally dropped today after the Q4 2020 announcements, so I was able to invest in another ten shares @ $794.73.
Update: As expected, the price recovered after the weekend and closed at $872.79 on February 2nd.
Long Wheel-base Tesla
S&P and Tesla Falling Fast
At first sight, it may seem that the Bubble has burst, but it is nothing to worry about. There are many factors combining to push the price down at the moment. It is a great buying opportunity if you do your homework.
I had to ask my supporter to sell the shares because he is returning to Sri Lanka, but it was all good, as another supporter bought them back again after two days at a lower price. I would have waited a few more days if my crystal ball was working properly, but it is a bit blurred.
Rob Maurer of Tesla Daily on Tesla Volatility.
Update: $653.20 at market close on 3rd March after another rough day for US stocks.
- I now have one more share @ $576.40 on special offer. Total investment is currently down by about 12%, but I am sure it will recover before long.
- India is negotiating with Tesla to build a car factory there, promising lower production costs than China
- China is exporting the Model 3 to Japan, where sales are booming now due to the lower production and shipping costs being passed on to customers
- The compact hatchback "Model 2" (not officially named yet) is due to start production in October
- Tesla might build houses for the workers at Giga Texas, lending money to them to buy the houses
- FSD Beta will be available to many more Tesla owners in a week or two. Elon Musk Tweet:
@elonmusk 6th Mar: Due to high levels of demand for FSD Beta, adding “Download Beta” button to Service section of car display in ~10 days. If you want the Tesla Full Self-Driving Beta downloaded to your car, let us know. Doubling beta program size now with 8.2 & probably 10X size with 8.3. Still be careful, but it’s getting mature.
What Just Happened?
When I woke up from my afternoon nap, the price was $674 and my investment was worth £1,260 more in one day! That is 5% up in 16 weeks, when it was almost 11% down yesterday.
Update: Almost $700 two days later.
Cathie Wood expects it to continue climbing fast.
The Q1 results for vehicles delivered this quarter are double those for the same period last year, at 184,800.
This stimulated a rapid rise in the stock price at the beginning of the week to over $700.
Just one day later, it is really taking off and was $762.32 at market close on April 13th. Was Elon talking about Doge coin, Starship, or the Tesla stock price?
@elonmusk 9th April
… going to moon very soon
Tesla Q1 Earnings call is scheduled for Monday 26th April
Tesla Crash Fake News
The MSBC report spreads the rumour that self-driving technology is not safe enough to be tested on public roads.
- Auto-pilot as available in the 2019 Model S is not full self-driving technology. It is driver assistance with safety features.
- Full Self Driving (FSD) software is currently Beta software, and requires that the driver should have hands on the wheel and be ready to take over control.
- Autopilot was not engaged in the crashed vehicle.
- There was no one in the driver's seat. One man was in the passenger's seat, and another was in the back seat. Both were of a mature age. Could this have been a car-jacking attempt that went wrong, and the driver ran off after the crash?
- Autopilot is about ten times safer than a human driver if it is engaged. Since it was not engaged, it clearly has nothing to do with the crash.
Tesla stock price fell below $700 at the start of trading, but recovered to $729.40 by market close on Friday 23rd.
Since it was sent into space in February 2018, Tesla has made its first approach to Mars within 7.5 million kilometers. In August 2019 it made the first complete revolution around the Sun and headed for Mars. You can track the position of the space car in real-time on a special website whereisroadster.com, which daily publishes up-to-date data on the location of the electric car.
@cannongray I gave the link to whereisroadster in my first post.
@stilgarwolf Just more FUD. The data from the actual crash proves that Autopilot was not engaged, and if it could be tricked into being engaged on a road without lines, it would not exceed the speed limit on that road, which it did apparently do before it crashed. Ipso facto it was not engaged, it is not unsafe, and the incident is still unexplained.
I dismiss the chance of it being a stunt as too improbable due to the mature age of the deceased occupants. A car-jacking seems more likely, but we should wait and see before jumping to any conclusions. Reality is often stranger than fiction.
The mainstream media does not care about the truth — their job is just to make money by keeping their viewer figures high. It is just click-bait and sensationalism, not journalism.