Mark Spiegel pulls no punches. He might be the only guy more annoyed by the Cult of Elon than I am. Though I do support his snarky tweets directed at Elizabeth Warren.
I'm not much into fundamental analysis of companies. The way I see it is that a lot of the valuation can be explained by the persistent hype around its products and the cult centred around Elon Musk. That's hard to measure in numbers, but it's hard to overestimate how important that is.
A similar example would be Apple: I use and their products to the extent that I don't even know the features the competition offers, and even if I was clearly shown that Apple products were worse in quality than others, the bar of me switching would be very high. Now, I don't own AAPL, but people buy what they like, so I understand why TSLA is priced the way it is.
That brings me to my question: why would TSLA go down now? In other words: what are catalysts that could pop the bubble? And to what extent will it pop?
The entertainment value is definitely there. Mark Spiegel was short of Tesla as long as I can remember. The fact of the life is, that Musk has outsmarted not only Spiegel, but entire TSLAQ community.
Musk is indeed sociopath and liar, but he must have some soft of government backup, anyone else would be already in jail for his sins.
Rampant inflation 1970 - 1980 pushed most stocks higher. Methinks this will also have some similar impact on pushing up stock prices today.
Tesla relative to other USA car manufacturers has secured significant mineral supply out into the future while the others haven’t. They’ll have fun competing on availability and price since those minerals are a significant percentage of EV cost and are exploding in price.
I’ve said it for 4-5 years Tesla is the canary in the coal mine.
Mark Spiegel pulls no punches. He might be the only guy more annoyed by the Cult of Elon than I am. Though I do support his snarky tweets directed at Elizabeth Warren.
Thanks for the deep-dive!
I'm not much into fundamental analysis of companies. The way I see it is that a lot of the valuation can be explained by the persistent hype around its products and the cult centred around Elon Musk. That's hard to measure in numbers, but it's hard to overestimate how important that is.
A similar example would be Apple: I use and their products to the extent that I don't even know the features the competition offers, and even if I was clearly shown that Apple products were worse in quality than others, the bar of me switching would be very high. Now, I don't own AAPL, but people buy what they like, so I understand why TSLA is priced the way it is.
That brings me to my question: why would TSLA go down now? In other words: what are catalysts that could pop the bubble? And to what extent will it pop?
The entertainment value is definitely there. Mark Spiegel was short of Tesla as long as I can remember. The fact of the life is, that Musk has outsmarted not only Spiegel, but entire TSLAQ community.
Musk is indeed sociopath and liar, but he must have some soft of government backup, anyone else would be already in jail for his sins.
Rampant inflation 1970 - 1980 pushed most stocks higher. Methinks this will also have some similar impact on pushing up stock prices today.
Tesla relative to other USA car manufacturers has secured significant mineral supply out into the future while the others haven’t. They’ll have fun competing on availability and price since those minerals are a significant percentage of EV cost and are exploding in price.
When Obama subsidized 2 billion for electric vehicles is when bubble started 15? years ago
tells it like it is a garbage rally buy puts