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Anyway, news today is:
https://www.ft.com/content/716c9b0b-d8cd-491a-a91b-d70c1e540797
China’s electric vehicle dominance presents a dilemma to the west (ft.com)
Despite Tesla's huge equity capital driven growth and expansion with some industry leading technology, his erratic behaviour as seen with the whole Twitter/X furore there's just no telling what he might do or say next and the impact it may have on his businesses.
With the “greenlash” sentiment that has risen, and the added EV competition. I wouldn't bet on Tesla's medium to long term future personally. So, back to the original OP question from 2020, sell Tesla? Yes, I would do, now, if I held the stock, which I don't (outside of an index fund)
I’ve kept my investment in various other stocks, but to me TSLA was just gambling.
http://alrmusicblog.blogspot.com/ (updated Feb 2023)
I don't know if you noticed it. In the news very recently, the CEO of Toyota, the car manufacturer who has just made a huge breakthrough in solid state batteries and plans to have all of their EVs powered by them before 2030, said in a interview that he believe EVs are stopgap technology, that he and Toyota don't expect EVs to ever make up more than 30% of the market, due to the nature of how they are ''refueled'' - not just charge time also the feasibility of access to charges and various other factors, it's really worth looking for the interview and the press around it. It seemed a very strange thing for the CEO of a company that has just made a game changing breakthrough in EV technology to say, however if you read/hear what he said, he makes some extremely compelling and interesting points.
(hope that works)
Yup - basically, the judge decided that Musk is controlling the board that awarded him crazy-high pay. And a shareholder brought a case and won. Chalk one up for the little guy. For now...
Was Toyota’s bet on hybrid cars right all along? (ft.com)
will this mean shares go up or down?
However, for Tesla, I think it damages the "Emperor's new clothes" fantasy underlying the ludicrously high expectations and share price valuation
Apple's business model of sub-contracting production to 3rd parties allows it to flex with demand swings, Tesla not so much.
Largest automakers by market capitalization (companiesmarketcap.com)
Tesla is ~$500b
Toyota is ~$330b
other than that, most big car firms are around $50b - $70b
GM and Ford are both under $50b
Tesla passed the 4m cars sold (ever) threshold last year
Toyota sell ~10m per year
VW ~9m
Most of the other big firms sell over 4m per year
Top 15 Automakers in the World | Car Sales Rank Worldwide (factorywarrantylist.com)
I think Tesla would have to be selling 5m-10m per year by now for this to have a happy ending for investors.
Surely that ship has sailed, there are many other makers selling EVs now.
Tesla sold ~1.8m last year
BYD sold 50% more
BMW sold 2.5m, many others close behind.
Which isn't to say Tesla isn't hilariously overvalued because there's no way their margins are anything like that big.