R
Rick C
Guest
On Thursday, January 9, 2020 at 2:04:14 PM UTC-5, Whoey Louie wrote:
And their growth rate over the last few years has been what exactly? Tesla has been growing like a weed on steroids. Of course they haven't been focused on profits, they've been a startup. They are just now transitioning into a more stable mode where profits might happen. Even the former head of GM Bob Lutz who was predicting their eminent failure has now said they are looking good.
https://www.teslarati.com/?s=Bob+Lutz
Oh yeah, the stock is valued at more than GM and Fiat combined.
You act like I've told you what to do. I haven't told anyone what to do, in fact, I've publicly said that I don't recommend an EV for anyone at the moment. Buy it if you really want one, but they will only be getting better and unless you have to buy a car now, keep what you have for a few more years.
Then we can all buy EVs and save the planet. lol
As usual, you have your knickers in a knot. lol I've told no one what they should do. I'm just pointing out the absurdity of Hachiago's statements and the fact that his company will not do well if they aren't making significant EVs in five years when nearly everyone else will be... if they want to survive.
Honda's CEO Hachiago is the one who indicated he believes there is not demand for battery EVs. So he is the one I am talking about.
Bob Lutz is a believer now. But then I'm sure you know more than the former head of GM. At least GM is forging ahead with plans to produce multiple electric car models rather than focus on hybrids that are incapable of being a total solution.
Yeah, that's a great idea. Let me know how that works out for you.
BTW, they had a small correction today. It had to be coming, the only question is if it is over and the stock will hand waiting for more good news or continue up or maybe the correction is not done. I don't know as it seems to be a very emotionally traded stock. It has value for sure, but I don't think the current price is justified. If they show continued profit for the quarter it will all be good though.
--
Rick C.
--+ Get 1,000 miles of free Supercharging
--+ Tesla referral code - https://ts.la/richard11209
On Wednesday, January 8, 2020 at 11:53:00 AM UTC-5, Rick C wrote:
On Wednesday, January 8, 2020 at 10:21:12 AM UTC-5, Whoey Louie wrote:
On Tuesday, January 7, 2020 at 6:11:46 PM UTC-5, Bill Sloman wrote:
The problem is that we have to reduce carbon emissions fast, and to a rather low level - about half a ton of CO2 per person per year.
And hybrids do exactly that. What is better? Someone needs a new car,
they buy a hybrid or a plug-in hybrid or there is no hybrid choice,
so they buy an ICE car, because an electric does not fit their need.
That is the environment we are in today. But you libs, it's the old
my way or the highway.
I guess that's why Tesla is selling every car they can make, literally!
And Honda is having trouble? Honda sold 5.5 mil cars last year, compared
to a few hundred thousand at Tesla. Oh, and Honda actually makes money,
so there's that.....
And their growth rate over the last few years has been what exactly? Tesla has been growing like a weed on steroids. Of course they haven't been focused on profits, they've been a startup. They are just now transitioning into a more stable mode where profits might happen. Even the former head of GM Bob Lutz who was predicting their eminent failure has now said they are looking good.
https://www.teslarati.com/?s=Bob+Lutz
Oh yeah, the stock is valued at more than GM and Fiat combined.
They are outselling every BEV, hybrid and and plug-in hybrid offered. In just over two years they've sold more model 3s than Leafs on the road over the last 10 years. They are selling model 3s fast enough to be in the top 20 models sold in 2019, right behind Toyota Corolla.
Kinda hard to say EVs don't fit the needs of car buyers today.
It fits the needs of a small percent of the market. The folks
at The Simpsons had an episode about people like you. The smug,
no it alls, that just know what everyone else should do and how
superior they are. They were portrayed as running around smelling
their own farts.
You act like I've told you what to do. I haven't told anyone what to do, in fact, I've publicly said that I don't recommend an EV for anyone at the moment. Buy it if you really want one, but they will only be getting better and unless you have to buy a car now, keep what you have for a few more years.
Then we can all buy EVs and save the planet. lol
A hybrid is a step in the right direction, but doesn't take us as far as we have to go.
Fine. I'll buy an ICE car instead. Happy now?
No one cares what you do or say.
Of course not, but then I'm not the one that came here trying to tell
Honda what they should do, you did that.
As usual, you have your knickers in a knot. lol I've told no one what they should do. I'm just pointing out the absurdity of Hachiago's statements and the fact that his company will not do well if they aren't making significant EVs in five years when nearly everyone else will be... if they want to survive.
One of the side effects of the bushfires currently burning in eastern Australia is that a lot of highways have been temporarily blocked.
People can burnt to death by driving through a bushfire as it crosses a road.
It nearly happened to me back in 1968 - I drove through bushfire smoke, and fifteen minutes later people who thought that that was what they were doing ended up in flames and dead.
Your way has more risks than you seem to realise.
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Bill Sloman, Sydney
It's not my way, stupid. It's the way the world is currently operating,
it's the rules in place, which of course is the world that Honda is
selling cars into. And BTW, Honda, unlike Tesla, is profitable. Tesla
has never had a profitable year.
No, but it's still early days.
So, why are you bitching about Honda? Maybe Honda's strategy
is to let the others lose money, make all the mistakes, then when it's
advantageous, enter and compete. How many of the original auto companies
from the turn of the century succeeded?
Honda's CEO Hachiago is the one who indicated he believes there is not demand for battery EVs. So he is the one I am talking about.
They had a couple of bad quarters adjusting to the big step up in global sales in 2019 which cut profits for two quarters. The next two quarters will show if they can sustain profits while rapidly growing and bringing online a new model. Even if they can't, they seem to be done with the problems they've had bringing every other model into production and are bringing up the new line in Shenzhen rapidly, more rapidly than any of their critics thought.
If this, if that. Simple fact the company is run by an eccentric, impulsive
dope head. Some of his stunts were stunning. Like manipulating the stock
by claiming he had money for a buyout, announcing the price, which was all
a lie. Or calling that UK diver a pedophile because he had said that Musk's
crazy sub idea to rescue those cave people would not work.
Bob Lutz is a believer now. But then I'm sure you know more than the former head of GM. At least GM is forging ahead with plans to produce multiple electric car models rather than focus on hybrids that are incapable of being a total solution.
So with new sales in Asia and the model Y in production later this year, it is unlikely Tesla won't be able to turn a profit for 2020. Even if they don't, they seem to have the ability to continuously raise capital based on their accomplishments.
In the Tesla forums I am a voice of moderation, not wanting to believe the current stock price bubble is value based. But I can't deny the arguments people put forward about the many accomplishments of Tesla. Still, I think this is a good time to divest of the stock. With the sudden rise from under 200 to 470 I think the stock is overvalued. I will be selling as soon as I reach the long term capital gains holding period... which I have for some of my holdings.
--
Rick C.
--- Get 1,000 miles of free Supercharging
--- Tesla referral code - https://ts.la/richard11209
Maybe you can buy some Honda?
Yeah, that's a great idea. Let me know how that works out for you.
BTW, they had a small correction today. It had to be coming, the only question is if it is over and the stock will hand waiting for more good news or continue up or maybe the correction is not done. I don't know as it seems to be a very emotionally traded stock. It has value for sure, but I don't think the current price is justified. If they show continued profit for the quarter it will all be good though.
--
Rick C.
--+ Get 1,000 miles of free Supercharging
--+ Tesla referral code - https://ts.la/richard11209