Fell asleep early yesterday, woke up at 3am, then fell asleep around 9am and slept through 2p. 😐
Yeah, so anyway… how about that Tesla stock, eh? 🤷🏻♂️🙂
I swear, there’s been so many things that I took a look at when they were really low. Whether it was eBay, PayPal, Bitcoin… it’s a little frustrating to be able to say “Man, I actually pondered getting in on that.” now that all of those things have gone through the roof at some point. 🤔😒
I’ve never been a stock investor and likely never will be, in part because my history with silver isn’t great. It’s silly to let one investment chase me away from the idea of investing in something else, especially when it’s not like I’m doing bad. Silver is pretty damn low right now, although there seems to be a really small recover curve going on… but my investment in that, my purchased averaged out – I need it to be at around $22 an ounce before I can even break even. 🤨 I’ll be holding on to that for a while, it seems…
If we could only predict the future. And while I get why there is hype behind the company and their products, there’s no reason the stock should be this high. 😅 Their financials are a bit of a mess, Elon is a wildcard with all of his antics and sometimes-questionable investment choices, so to see the stock go from the $200 range to the $900 range in six months’ time… it’s kinda ridiculous. 😯😧
Model 3 production rates have helped, along with the excitement (and sometimes confusion) about the CyberTruck, and with China being almost 15% of their market it was a smart choice to build their most recent GigaFactory there. But even though they tout the $35k starting price for a base-spec Model 3 as being an “entry level” price, I don’t think things will really blow up until their market segment includes shlubs like me.
The early Roadster was their sports car, then the Model S came along as their near-luxury sedan, followed by the Model X to serve as a crossover, and then the Model 3 (basically a smaller Model S) for the mass market. Vehicles coming down the pipeline are the Model Y which is an updated crossover, the CyberTruck for the pickup segment, and then the semi. 🤔 Now, I understand why he’d go after the transport industry, injecting a bunch of money into the company to further whatever “the next thing” will be, but it’s disappointing that Tesla is not yet able to provide a small, $25k range subcompact hatch.
If Elon and crew can ramp up the production lines to where they can really produce on the Y and CyberTruck, that’s when investors need to start looking for hints about the next vehicle. First hint is China. New factory in China, lots of people there wanting to buy, and cities outside of the United States have a lot of roads that aren’t built for bigger cars – or they are dominated by mass transit. 🤓 So not only would customers benefit from the lower price, a smaller car would also be infinitely more practical and, therefore, marketable. 🤑
Meh… don’t mind me, this is just one of the thousands of things that come and go from my brain at any given point during the week. 🤷🏻♂️😏 I kinda wonder how it has the room or processing cycles sometimes.