DON’t get DISTRACTED (competition is NOT coming)
$Tesla(TSLA.US$ 🤔🤔🤔 Everybody is keen to give #Tesla’s management all kind of recommendations as if they weren’t one of the best teams in the whole industry (PROVEN by RESULTS, not small talk).
If you look at the bigger picture, with the price cuts on EVs (that ONLY Tesla can afford, not even BYD who still makes their profits on ICE cars, as all the rest), Tesla has set back the clock for the “competition” that NEVER came, but was preparing to.
WHAT HAPPENED ?
The Pandemic, the supply chain issues, the inflation and the FED actions, the severe financial uncertainty the global political and military troubles and A FEW engineering issues have slown down Tesla for a cumulative time of 2/3 years in the pursuit of their goals.
• The massive IRA incentive plan for “American” made EVs (7500$ for the buyer + 5500$ for the batteries) has also caused relevant decision changing.
• The 4680 Tesla’s proprietary battery solution has a 2 years delay, partially for “chemical” 😅 reasons but also because Tesla and its partners in battery supply are not ready yet for real mass production. They will be in TWO more years but things will start to get much better in 2025.
• The construction/expansion of the Gigafactories is also about 2 years behind the original schedule and they won’t really start cranking cars until they have all the needed batteries. That’s why Tesla is building its own Lithium refinery, that’s why Tesla is opening in Chile and why @elonmusk is so close to the new Argentinian President @JMilei.
• All the OEMs had their “competition” plans set to start mass producing EVs by 2026: Remember the 1-1,5 million BEVs PROMISED by Mary-BS-Barra for GM and by the nice Jim Farley for Ford ? Well, they were hit by the UAW strike with INCREDIBLE wage raises, by the impossibility to get a comprehensive management software for their EVs (Tesla IS a software company), by the tremendous struggle to control the complex supply chain to mass-produce EVs (Tesla gets it done), by realising how shitty were the EV platforms they had invested in (Gm’s “Ultium” especially) BUT, still, they were trying to get to a financially sustainable path for their EVs. THEN, @elonmusk decided to show the muscle and started slashing his EVs prices, which happen to be the absolute benchmark in tech, performance and drivability.
CONSEQUENCES ?
• the OEM’s plans of financial stability completely CRASHED based on the new average selling prices IMPOSED by Tesla (because they just can)
• the OEMs cancelled/delayed/re-sized their whole EV program to the end of the decade.
• Tesla fully recovers the 2/3 years delay and NO meaningful COMPETITION is coming in the next years, giving ALL the needed time to set the tech, the supply chain, and the factories.
MASTER GENIUS MOVE, it’s already game over but very few see it, most even refuse to consider it. It is what it is. ☝️
THOSE are the REASONS, all the rest is FUD and market noise. Still, the clever @garyblack00 (but also many less clever WS ANALysts) have to face an uncontrolled daily VOLATILITY which undermines their client’s neurovegetative and limbic systems 😂😂😂 #TESLA is coming for you, crying babies, with a +38% YoY 2023 growth. 2024 will be “normie”, 2025 good, 2026 great, 2027 amazing, 2028….
The HIGH volatility in the meantime ? OPPORTUNITIES.
Didn’t you like last year’s 101$ BARGAIN ? It’s up on you to be ready. Complaining is for PANTY SHITTERS 😂🤔🤔
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TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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45DTE : Well said
ZnWC : In January 2023, Tesla's share price hit $100 after reporting Q4 2022 earnings. The share price rose to 134% YTD in 2023. The statement "Stock market is a voting machine in the short run and a weighing machine in the long run" best described Tesla stock performance in 2023.
TeslaSmurfOP ZnWC: EXACTLY
TeslaSmurfOP : Analysing its fundamentals, the ongoing plans and the market trends, I can’t see ONE reason to be worried BUT…
The market needs hordes of victims buying high and selling low: jut buy the dips, progressively (the lower the higher the investment) and you will be fine.
What goes down goes up, eventually, and we are talking about one of the most efficient and profitable car companies
ThirtyOne : Nice to see you around again! Nice opportunities around for sure. Great post. Well said.
ZnWC TeslaSmurfOP: I don't blame the short sellers, they are trying to make by following the trend. But just don't be blinded by greed or fear.
BrightEyes ThirtyOne: But during earnings call Tesla did reckon that the China competition is tough, and if not for trade tarrifs, they would have destroyed the competition in Western markets. Also it is cautious about organising events nowadays, being aware that the competition does track and copy the developments
bullrider_21 : As I mentioned before, BYD doesn't make its profit from ICE cars. It stopped doing that in Mar 2022. Nobody thought BYD would overtake Tesla in BEVs, but they surprised everyone. Dismiss BYD at your own peril.
104756160 : helo good night con close now
bullrider_21 : 2025, 2026 is looking better. But price now is factoring in this year which will be weak. Tesla stock doubled last year but missed expectations. So Tesla will fall because of that and weak 2024.