10baggerbamm :
there's no relative strength I mean the fact that they've cut the prices multiple times this year their margins are going to be eroded everybody knows this but how bad is bad and what will be the catalyst to turn the company around. everybody agrees Elon Musk is a genius that being said the company is much more difficult to turn around than say Facebook was when the focus was the metaverse and tens of billions of dollars were being spent on the development and evolution and then the stock was suffering and then there was the pivot and the stock performs so building a vehicle a car a material object is a lot more difficult to pivot on and produce results to shareholders then a company like Facebook when they were going the wrong way and they needed to turn around
10baggerbamm :
Elon Musk is going to figure it out yeah I have no doubt about it he is going to write the ship and it will become immensely profitable again the problem is it's going to take time to figure out how he is able to regain market share in an industry now where price cuts have become the norm and his margins are being squeezed when he figures this out the stock will go up until then the pain will continue
iamiam : they won't. but he might introduce new revenue streams
10baggerbamm : there's no relative strength I mean the fact that they've cut the prices multiple times this year their margins are going to be eroded everybody knows this but how bad is bad and what will be the catalyst to turn the company around. everybody agrees Elon Musk is a genius that being said the company is much more difficult to turn around than say Facebook was when the focus was the metaverse and tens of billions of dollars were being spent on the development and evolution and then the stock was suffering and then there was the pivot and the stock performs so building a vehicle a car a material object is a lot more difficult to pivot on and produce results to shareholders then a company like Facebook when they were going the wrong way and they needed to turn around
Mike ObamaOP 10baggerbamm: i think they'll pivot to robotics or energy (giga factories)
10baggerbamm Mike ObamaOP: maybe they'll pivot into energy drinks..
10baggerbamm : Elon Musk is going to figure it out yeah I have no doubt about it he is going to write the ship and it will become immensely profitable again the problem is it's going to take time to figure out how he is able to regain market share in an industry now where price cuts have become the norm and his margins are being squeezed when he figures this out the stock will go up until then the pain will continue