Oso planning to go pro
China announces major easing of "zero-COVID" policy after protestshttps://www.msn.com/en-us/news/world/china-announces-major-easing-of-zero-covid-policy-after-protests/ar-AA150oIz
I agreed with Goose at the time and am very happy to be wrong if this indeed follows through. My rep there is, despite his employment for a Western company and entrepreneurial bent, pretty pro-CCP and he was pretty shocked by the announcement. Same as a couple of my contacts in Shenzhen and Shanghai. My company and many others with Chinese interests/connections have been hurting badly as the rest of the world opened back up, so this would help.
Brother Goose,I agree this isn't over. Because if there is suddenly a huge spike in cases, I have to believe the clamps are going to be re-applied.
Even as market surges, TSLA just hit a multi-year low. Its CEO is too distracted by his culture war.
Everyone else's electric cars are nicer.
Maybe, maybe not, but their stock prices don't have the crazy valuation that TSLA (still) does.
The last few months, it would be hard to argue that he's been anything but a horrible CEO for Tesla and its shareholders. Price now down below $160.I'd look at the silver lining and say that he's giving TSLA investors a better stock price to buy more, but I have no idea how to determine a fair price for TSLA. Even after all of this, it's still trading at about 40x projected forward earnings -- and that's assuming expected EPS won't have to be adjusted downward, which will probably be the case.
TSLA's stock price has always been forward looking with a valuation based on their future tech advances (battery, autonomous driving, etc...) as opposed to just being a car company like their peers.
I mean - you mostly covered this in the second part of your reply, but, they are a car company. All other car companies have battery technology now too, most have as many or more EVs, and Tesla has failed at autonomous driving - again, other car companies have exactly the same technology now. I get some of the initial excitement since Tesla was first to market with many of these things, but today, they don't deserve 10x the stock price as the other auto companies.
TSLA's stock price has always been forward looking with a valuation based on their future tech advances (battery, autonomous driving, etc...) as opposed to just being a car company like their peers. One could argue that sideshows like this detract from that sort of forward thinking leadership from their CEO/leadership team, hence the walk back.Yea, I was gonna say, to be fair, regardless of what Musk is/was doing with Twitter or elsewhere, the TSLA stock price was absurdly overheated, overvalued, and completely unsustainable at the levels it was. I've been a huge fan of TSLA and its potential since the early 2010s, but trading over 1000 like it had been over the early part of the year was absolutely laughable.
Sure, and thats why I think the comedown in pricing is totally fair, regardless of Musk. Honestly, its no different than Apple. Apple was a tech innovation company. Now they are just a huge hardware manufacturer. Generate huge profits of course, but don't deserve the inflated multiples that tech/innovative companies garner.
AAPL is down 20% this year, 26% from its all-time high. TSLA is down 51% this year, 61% from its all-time high.One has a stable CEO who isn't obsessed with culture wars and who isn't losing his shyte on an almost daily basis. The other is TSLA.
You completely missed my point, or purposely twisted it, to post "culture war" for the umpteenth post in a row