TSLA top or bottom? Without really trying I saw 35 negative TSLA posts in an hour on Twitter including a hilarious meme or two of Elon and a hippo dropping a deuce on TSLA shareholders. Some of the best below.
$TSLA had a market cap of $498.8B. For FYE 2023, operating cashflows were $13,256m and capital expenditures were $8,899m. This leaves $4,357m of surplus cashflow. If all were paid as a dividend, in 116 years your capital would be returned.
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People need to hear that there has never been a better time to short Tesla. Delivery disaster. Price cuts. FSD pricing slashed. Energy deployments halved. Inventory piling up Stock priced at 60X P/E on declining earnings. Auto companies with stable earnings and paying a dividend trade at 5-10X P/E. A reasonable 20/PE at $2.5 EPE gets us to $50.
Tesla has some old inventory at their Orland Park IL service center, some dating back to January. No wonder why Tesla is announcing layoffs.
JPMORGAN: “.. the sweeping $TSLA layoffs announced yesterday, amounting to a reduction in crewed production capacity, should now leave no doubt that the decline in deliveries has been a function of lower demand and not supply. “.. has far reaching implications for the hypergrowth narrative still embedded in Tesla’s share price, suggesting material downside risk for the stock. .. we estimate revenue may decline -13% y/y in the coming quarter.” Reiterate Underweight, $115 target
$TSLA $144 now appears inevitable. It either holds there or $102 is tested next.
The EV market is in trouble: The latest sign is Tesla’s layoffs
Oh noes! $TSLA 6,000 new vehicle insurance registrations in China last week! So sad..
Weekly insured sales data from shows that $TSLA only sold 6,000 vehicles last week. This is down 52% YoY & the same level of volumes as small local EV makers like $LI & Aito. Quarter-to-date, Tesla's local sales are 7,907 vehicles, down 59% YoY from 19,473 in 2023.
Oddly no one on the Tesla BOD has resigned. Of course they are ultimately responsible for the losses at tesla. They are an illegal BOD according to the rules of the u/NasdaqExchange and has been deemed as much by Delaware Courts. They must be removed! $TSLA
Tesla is blackberry, the upstart independent that had the lead and blew it.
$TSLA Cybertruck owners ..do NOT wash your car in sunlight anddo NOT tell Tesla SCs that you drove it through a car wash (like this guy) even if you turned on Car Wash Mode. They will void your warranty.
Tesla announces new sub $20,000 Tesla Model! A 1 year old $60,000 Tesla! "I'm a skeptic of u/elonmusk's management style at this point," says u/GerberKawasaki as Tesla delays Cybertruck deliveries. "Ever since he left Tesla and bought Twitter, basically nobody has been running the ship." $TSLA
How bad is u/CathieDWood ? Over the last 5 years she has now returned -7% in $ARKK she trails the $SPX by 88% and $COMP by 107% respectively. Maybe think twice about shoving her face on TV again.
Tesla bulls will trick you into believing that we’re close to autonomy. We are no where close.
Tesla Is Running Out of Time to Deliver on Self-Driving Promises
Goodnight Tesla $TSLA
