I make the occasional video and own a bit of $TSLA.
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*Larry Burkett's book on "Giving and Tithing" drew me closer to God and helped my spirituality. 2020 was a year I literally lived it. I cashed in my life savings and gave it all away. My total giving amounted to 40,000 dollars. Everyone thought I was delusional. Today, 1 receive 85,000 dollars every two months. I have a property in Calabasas, CA, and travel a lot. God has promoted me more than once and opened doors for me to live beyond my dreams. God kept to his promises to and for me*
It is the digital market. That's been the secret to this wealth transfer. A lot of folks in the US and abroad are getting so much from it, God has been good to my household Thank you Jesus
Another reason Trump should like Elon -- if TSLA's valuation goes where we know it can with auto, energy, insurance, FSD, robotoxi, and eventual humanoid robot... the meteoric rise of TSLA will pull the entire S&P500 up during Trumps 2nd term in a way that all presidents want.
Why are all the driverless technology companies at level 4 or 5 on the scale, and Tesla is at level 2. Waymo and the others are far ahead of Tesla, where it counts. They are actually licensed for autonomous driving and can be used. Teslas' best bet this far behind would be to license technology from a company that actually has the technology. Tesla has no real path to autonomy because they don't have the technology in place, nor any path to overcoming regulatory hurdles. Essentially, the company is committing securities fraud because their engineers have to know that they don't have a real path to autonomous driving.
I complained immediately after your former post saying that it obviously wasn't the Trump endorsement that made TSLA jump after hours from 250 to 262 USD as you stated and now when TSLA is at 248 it is pretty obvious that it didnt rally because of the endorsement unless Elon went out and Endorsted Biden Yesterday and I missed that. :D However, long time it can absolutely be a good thing if Trump become president again even though he and many in his camp is Anti Electrical cars. I bought into Tesla a little earlier than you for my first buying and I'm sure Tesla will do another 15-20x in the next 10 years no matter who is the President. So a 15 dollar after hours "Rally" means very little to me, so please don't feel but hurt! :)
Something that shouldn't be glossed over is that over 50% of vehicles sold in China were EV, but that also is supported by massive subsidies. The goal of Elon (while I understand his position) isn't to have Tesla be a successful business, it's to accelerate the world to sustainable energy, and subsidies help with that. Why doesn't he constantly harp on subsidies to the oil industry? He obviously isn't afraid of making enemies. And you can't say that a blanket statement about all subsidies is a strong counter argument to EV vs Oil subsidies.
If Trump could unilaterally roll back EV credits, which I don't think he has the authority to do, then he should have been able to do the same to Obamacare.
It's happening! This time for real guys! We're finally going to laugh to the faces of all those people who made 100% returns this year trading literally any other nasdaq stock while we kept losing money!
If SMR wasn't so aligned with Elon on everything he says, he would make a video on how hypocritical the new VP nominee is for flipping his stance on Trump from the worst thing ever to running for him
Just not the facts. The Chinese Tesla sales are dropping. Chinese EVs are gaining. Tesla current valuation will require high increase in sales. The fact Tesla's missing their numbers that promised just a year ago. They keep on lowering estimates. What do you think is going to happen when you make the pie smaller by decreasing the subsidies. I'm looking at this as an investor not looking at this as a good car bad car I don't care. He's not making his numbers he's not even close to making his numbers
Quit with the political coverage please, you are a finance RU-vidr that isn't from the US. My view is that Elon is courting Trump because Trump has been anti-EV in the past and Elon believes he can persuade Trump's stance. In reality, as soon as Trump gets into office, we'll likely see increased fossil fuel subsidies and a slower EV transition. Elon thinks he is too intelligent to get played, but here we are.
Your thoughts on subsidizing EV sales... I think, in general, it's correct. However, I'm probably an outlier so I can't draw too much on my experience. That is, I bought my Tesla Model Y because of the huge price drop in 1Q2023 and the EV $7,500 credit in place. I've never bought a new car and I'm 44 years old. So, while I think the tax credits aren't needed, I think given that the governments around the world are putting in laws to ban ICE sales, it's necessary in order to incentivize those who have or may never buy a new car, to consider it.
A tax credit, basically, is "if you spend a portion of the taxes we extort on a good thing, we'll let you keep that portion of the money YOU EARNED"! It's not a grant, it's a tax credit.
Oh….and FYI….we the American taxpayers are going to have to pay to bailout all these car companies when they fail….so one way or another we are going to pay…
I agree with you regarding Trump's policies. The problem with Trump is not his policies. It's him. He is an egotistical foul line who doesn't belong in the White House. Personally, it's all about him. He will further destroy federal agencies and the court system. He aspires to being a strong man. This is not someone who should be president.
Is the revocation of the IRA good or bad for Tesla? I think it could be bad,. The related subsidies on Tesla products amount to at least 5B$ at this moment and could have grown massively in the coming years. In order for Tesla to keep up their current sales, they have to lower prices by the amount of the subsidies. That will substantially lower profits in a time that Tesla is in need of a lot of cash. As for the competition. It can't even compete with IRA subsidies present, so why worry about them. In contrast, Tesla is currently in the ideal position to benefit greatly from the IRA on a level that is unparalleled by any of its competitors. It would allow Tesla to grow much faster and they would reach a size where competition is not all that meaningful anymore. There is one caveat. When Tesla would be able to finish FSD, things would change entirely and the IRA won't matter all that much. But when that happens is not known and I would prefer the IRA not to be cancelled until then.
As for AG1 - I used it the past 18 months . Took a break to see if I noticed a difference. After a month without AG1 I’m desperately waiting to get it back. The energy gain is real
