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(Electrek)   Tesla quality control issues have gotten so bad that they've canceled their return policy. Elonbots enter defense mode   (electrek.co) divider line
    More: Scary  
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1471 clicks; posted to Business » on 16 Oct 2020 at 11:04 PM (3 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



45 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
3 days ago  
No replacement policy, no longer any PR department, what the heck is going on over there??!

Time to put the coke away, Elon.
 
3 days ago  
Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?
 
3 days ago  
"It's also unclear if many people were using it. We know that Tesla made some changes to it over the years to avoid people abusing it, but we don't know if that's the reason behind the move to completely discontinue the policy."

Right?  Because HUMANS, it was going to be abused by people who thought it would be fun to order a Tesla, have it delivered to their house, drive it around for 'free' for 7 days and then say "no thanks" and get their money back.

It's an assumption by subby to say it's about quality issues.
 
3 days ago  

jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?


If you can get out before the year end slump/crash without paying short term capital gains I'd exercise that. Then buy in a little more in the dip.

Then again I'm a filthy poor so what do I know?
 
3 days ago  
I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.
 
3 days ago  

Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.


They're certainly memorable, but I'm not so sure they're the most important.  Obviously what they've done styling-wise is setting market trends, and their battery tech is certainly top-notch, but if they'd left it at that I'd agree with you.

Tesla's a very important IP company.  Let's face it, they aren't so good at the manufacturing game.  The QA is ALL OVER the place, they thought it would be fine to make cars in tents outside for fark's sake.  And paint them, to boot.  If I bought a Tesla and they asked me to take delivery of something that had THAT much orange peel, thin paint, and panel gaps like they've had, I'd ask for another one.  Clearly I'm not the only one here, as evidenced by the backtracking on the "guarantee" thing.
 
3 days ago  

Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.


I think that we don't understand life back when Ford revolutionalized car manufacturing. Tesla is probably just the same in terms of importance.
 
3 days ago  

Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.


Agreed. It's the next Ford. Ford isn't known because of its cars, it's known for automation of production. Musk is doing the same, except at a completely new scale. Instead of automating production of automobiles, Tesla's core concept is automation and consolidation of the entire supply chain to produce its automobiles, as well as its other line of products like the PowerWall.

It's a compelling futurist concept that isn't on the radar for most investors. People are just focused on its car and battery production and missing the big picture. That's why short term I think it'shiat it's peak. Market sentiments overwhelm the long term fundamentals, and probably will for the time being.

Bet on short term speculation. Buy in the big dip for the long term. Sit back and relax.
 
3 days ago  

jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?


Depends on how much you've got in the market right now. If it's a significant chunk where a big drawdown would really hurt, take some money (or all of your money) off the table. Nobody ever went broke quitting while they were ahead.

If it's an amount you can afford to let sit through a big dip, it's better to leave it alone and plan to buy during a crash. Make a list of 5-10 companies you really like (fewer is better if they're diverse), examine their fundamentals, and if they seem on point, put them on your buy list. Figure out a price target and follow your team down as the market shiats. If any hit your targets, load the boat. If you already have a position in those companies it's even better. Nothing assuages stock uncertainty during a dip better than pulling your avg. cost down.

When I was in undergrad, my Econ Fundamentals prof did a few weeks on investing. I've followed his rules ever since and I've only done poorly once (when I first got a paycheck in JPY and bought Japanese stocks... I lost my dick. It's a different world). It made me believe that finance should be taught in high school with his curriculum as a central unit.

Sorry if that was stuff you already knew, but you said you sort of just started so I didn't know. Good luck 👍
 
3 days ago  
Likwit:

Average down FTW 👍🤣
 
3 days ago  

jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?


Even if they do, will the bounce back?

Right now a large number of people are investing in 401K type things where they want the money invested in "tech stocks".  The result is you have fund managers who have a billion dollars a week to invest in a limited number of tech stocks.  Many other countries now require something like a 10% pension fund so a large amount of everyone in the 1st world's pay gets dumped into the market.  There are UK retirement funds that can only invest in twenty different stocks which isn't much different than putting random amounts on each number on a roulette wheel and giving it a spin.

Many of these tech stocks make no logical sense.  Google bought Nest for a billion dollars.  They could have bought Honeywell for the same about of cash, stripped out the thermostat patents and business, sold the rest back for more and ended up with what they have now for nearly nothing.
 
3 days ago  
I still want a Cybertruck.
 
3 days ago  

DON.MAC: jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?

Even if they do, will the bounce back?

Right now a large number of people are investing in 401K type things where they want the money invested in "tech stocks".  The result is you have fund managers who have a billion dollars a week to invest in a limited number of tech stocks.  Many other countries now require something like a 10% pension fund so a large amount of everyone in the 1st world's pay gets dumped into the market.  There are UK retirement funds that can only invest in twenty different stocks which isn't much different than putting random amounts on each number on a roulette wheel and giving it a spin.

Many of these tech stocks make no logical sense.  Google bought Nest for a billion dollars.  They could have bought Honeywell for the same about of cash, stripped out the thermostat patents and business, sold the rest back for more and ended up with what they have now for nearly nothing.


You're right. Tech stocks make zero sense right now. Much of it is being driven by sentiment. Docusign makes no money, but they're supposed to be worth $40B+? GTFOH. Apple hasn't grown top line revenue in years and their new services are butt, but they're suddenly worth $2T? GFY. DraftKings grow their losses every year and sports leagues are getting wrecked by COVID, but they're worth $17B? FYMYD&YGGG.
 
3 days ago  

Comic Book Guy: Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.

They're certainly memorable, but I'm not so sure they're the most important.  Obviously what they've done styling-wise is setting market trends, and their battery tech is certainly top-notch, but if they'd left it at that I'd agree with you.

Tesla's a very important IP company.  Let's face it, they aren't so good at the manufacturing game.  The QA is ALL OVER the place, they thought it would be fine to make cars in tents outside for fark's sake.  And paint them, to boot.  If I bought a Tesla and they asked me to take delivery of something that had THAT much orange peel, thin paint, and panel gaps like they've had, I'd ask for another one.  Clearly I'm not the only one here, as evidenced by the backtracking on the "guarantee" thing.


Personally, I think that the car line will tank, and it will continue, much more profitably, as a battery supplier and designer
 
3 days ago  

baka-san: Comic Book Guy: Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.

They're certainly memorable, but I'm not so sure they're the most important.  Obviously what they've done styling-wise is setting market trends, and their battery tech is certainly top-notch, but if they'd left it at that I'd agree with you.

Tesla's a very important IP company.  Let's face it, they aren't so good at the manufacturing game.  The QA is ALL OVER the place, they thought it would be fine to make cars in tents outside for fark's sake.  And paint them, to boot.  If I bought a Tesla and they asked me to take delivery of something that had THAT much orange peel, thin paint, and panel gaps like they've had, I'd ask for another one.  Clearly I'm not the only one here, as evidenced by the backtracking on the "guarantee" thing.

Personally, I think that the car line will tank, and it will continue, much more profitably, as a battery supplier and designer


Tesla has played an old game where, once they get valued by analysts as a car company, they get assigned a PE range. To boost the stock outside of that PE range, they choose something with "synergy" that the market values more highly, such as energy services or "information technology" or "renewable energy." So the analysts buy that and bump up targets. Everyone assumes the world changed, and they bid up the price. So that keeps going. The accountants give up and the dreamers take over. Go call Tesla a car company and see what people say.

Before Enron collapsed, it was a dessert topping AND a floor wax, if you get that joke. They literally touted themselves, a simple gas pipeline network, as an information generating and trading company. They changed the accounting rules because they were just so different. Sound familiar?

Well, Tesla will never settle into being a profitable battery supplier and designer because it never has been one. If I ask my phone right now what the Tesla PE is, it tells me 1140 something. Do you really think those shareholders will ever accept a cut in PE to something like 10, or even 20? Nope. Tesla will need furious growth over many years just to pay off its loans and fabs. I have always thought that Tesla would run out of rubes and then run out of money, but here we are in a land of infinite rubes and free money, so go figure.
 
3 days ago  

2fardownthread: baka-san: Comic Book Guy: Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.

They're certainly memorable, but I'm not so sure they're the most important.  Obviously what they've done styling-wise is setting market trends, and their battery tech is certainly top-notch, but if they'd left it at that I'd agree with you.

Tesla's a very important IP company.  Let's face it, they aren't so good at the manufacturing game.  The QA is ALL OVER the place, they thought it would be fine to make cars in tents outside for fark's sake.  And paint them, to boot.  If I bought a Tesla and they asked me to take delivery of something that had THAT much orange peel, thin paint, and panel gaps like they've had, I'd ask for another one.  Clearly I'm not the only one here, as evidenced by the backtracking on the "guarantee" thing.

Personally, I think that the car line will tank, and it will continue, much more profitably, as a battery supplier and designer

Tesla has played an old game where, once they get valued by analysts as a car company, they get assigned a PE range. To boost the stock outside of that PE range, they choose something with "synergy" that the market values more highly, such as energy services or "information technology" or "renewable energy." So the analysts buy that and bump up targets. Everyone assumes the world changed, and they bid up the price. So that keeps going. The accountants give up and the dreamers take over. Go call Tesla a car company and see what people say.

Before Enron collapsed, it was a dessert topping AND a floor wax, if you get that joke. They literally touted themselves, a simple gas pipeline network, as an information generating and trading company. They changed the accounting rules because they were just so different. Sound familiar?

Well, Tesla will never settle into being a profitable battery supplier and designer because it never has been one. If I ask my phone right now what the Tesla PE is, it tells me 1140 something. Do you really think those shareholders will ever accept a cut in PE to something like 10, or even 20? Nope. Tesla will need furious growth over many years just to pay off its loans and fabs. I have always thought that Tesla would run out of rubes and then run out of money, but here we are in a land of infinite rubes and free money, so go figure.


I really mean no disrespect, but you think hydrogen is the future and you met with a Nichicon rep about PV storage. Not sure you're super up to date on EVs and clean energy.
 
3 days ago  

2fardownthread: Before Enron collapsed, it was a dessert topping AND a floor wax, if you get that joke. They literally touted themselves, a simple gas pipeline network, as an information generating and trading company. They changed the accounting rules because they were just so different. Sound familiar?


See also: WeWork, Uber, and many, many more.

Watch out for the "Jesus" CEOs and extra layers of BS speak.

If it looks like a bubble, smells like a bubble, bubbles like a bubble...It's '99 all over again. Hang on to your hats.
 
3 days ago  
Why is it respectful to bring up things that have nothing at all to do with what I posted and address it specifically to me?

I do not think I have ever said that hydrogen is the future. And I have never met with a Nichicon rep about PV storage. Your post is bizarre.

And you can be not so sure about whatever you want. I have no problem with you being not sure about something.

I am just guessing, but I think you missed a post where I describe a meeting I had with a battery provider. In the post, I described that the provider quoted me a price that was roughly three times a value that could possibly have given me a full return of my original investment by the time the battery was expected, by the manufacturer, to fail. I am so up to date on EVs and clean energy that I make money from it and I do not rip off people to do so. I promise I will never try to sell you anything.

You might recall that I have a problem with people thinking that "up to date" means something that some company vaguely plans to do ten years into the future. It is possible that we still disagree about that. It is certainly nothing personal. Most people writing about renewable energy do it. Of course it is very damaging to over promise about some future benefit and under deliver by not following through, but companies in this industry do it constantly. It is not constructive. Everyone shrugs and looks to a brighter future.

And well, that brings me full circle. Because this article is exactly about Tesla over promising and under delivering. Just like the battery vendor. And oh so many others.
 
3 days ago  

Chakan: 2fardownthread: Before Enron collapsed, it was a dessert topping AND a floor wax, if you get that joke. They literally touted themselves, a simple gas pipeline network, as an information generating and trading company. They changed the accounting rules because they were just so different. Sound familiar?

See also: WeWork, Uber, and many, many more.

Watch out for the "Jesus" CEOs and extra layers of BS speak.

If it looks like a bubble, smells like a bubble, bubbles like a bubble...It's '99 all over again. Hang on to your hats.


I had a much longer post that I just could not bore everyone with.

Long story short:  When the shorts go silent, they do not need to cover. They gave up. So who is left to buy?
 
hej
3 days ago  
Your absolutely right subby.  Don't buy a car from any manufacturer that doesn't offer a return policy.
 
3 days ago  

2fardownthread: Before Enron collapsed, it was a dessert topping AND a floor wax, if you get that joke. They literally touted themselves, a simple gas pipeline network, as an information generating and trading company. They changed the accounting rules because they were just so different. Sound familiar?


No, it doesn't. Enron was an up and down, institutionalized accounting fraud. That's why they ultimately collapsed.
Tesla's stock is overvalued - Elon himself admitted as much on two separate occasions this year - due to the stock market's current euphoria for anything electric, but they make the vast majority of their money by building and selling physical things. Maybe you think they oversell their software capabilities but Enron they are not.
 
3 days ago  
You will all hate him when you are buying oxygen on Mars.
 
3 days ago  

lindalouwho: No replacement policy, no longer any PR department, what the heck is going on over there??!

Time to put the coke away, Elon.


All you have to do is Believe!!
 
3 days ago  

jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?


All that hard work paid off Mr. Socialist!!

(Living off the backs of Labor thru stock ownership)
 
3 days ago  

Stibium: Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.

Agreed. It's the next Ford. Ford isn't known because of its cars, it's known for automation of production. Musk is doing the same, except at a completely new scale. Instead of automating production of automobiles, Tesla's core concept is automation and consolidation of the entire supply chain to produce its automobiles, as well as its other line of products like the PowerWall.

It's a compelling futurist concept that isn't on the radar for most investors. People are just focused on its car and battery production and missing the big picture. That's why short term I think it'shiat it's peak. Market sentiments overwhelm the long term fundamentals, and probably will for the time being.

Bet on short term speculation. Buy in the big dip for the long term. Sit back and relax.


Relax and collect all that free money off the backs of Labor.
 
3 days ago  

Linux_Yes: Bet on short term speculation. Buy in the big dip for the long term. Sit back and relax.

Relax and collect all that free money off the backs of Labor.


That's funny, seeing as Karl Mark was quite the speculator back in the day.
I guess he tried one too many YOLO plays, got wrecked as a result and decided that capitalism bad.
 
3 days ago  

2fardownthread: Why is it respectful to bring up things that have nothing at all to do with what I posted and address it specifically to me?

I do not think I have ever said that hydrogen is the future. And I have never met with a Nichicon rep about PV storage. Your post is bizarre.

And you can be not so sure about whatever you want. I have no problem with you being not sure about something.

I am just guessing, but I think you missed a post where I describe a meeting I had with a battery provider. In the post, I described that the provider quoted me a price that was roughly three times a value that could possibly have given me a full return of my original investment by the time the battery was expected, by the manufacturer, to fail. I am so up to date on EVs and clean energy that I make money from it and I do not rip off people to do so. I promise I will never try to sell you anything.

You might recall that I have a problem with people thinking that "up to date" means something that some company vaguely plans to do ten years into the future. It is possible that we still disagree about that. It is certainly nothing personal. Most people writing about renewable energy do it. Of course it is very damaging to over promise about some future benefit and under deliver by not following through, but companies in this industry do it constantly. It is not constructive. Everyone shrugs and looks to a brighter future.

And well, that brings me full circle. Because this article is exactly about Tesla over promising and under delivering. Just like the battery vendor. And oh so many others.


What?

You said that you're a "fan of hydrogen" and that localized hydrogen production makes more sense than batteries as a method of renewable storage. Both of those statements would have been reasonable in 2005.

Yes, you said you've made "millions of dollars" on green energy. Given how little you appear to know about the subject, that's pretty questionable. That's why I responded to your post as I did.

And it doesn't matter if you met with Nichicon or Panasonic or those guys who try to sell battery systems in the mall by luring families over with balloons. The second you bothered to take a meeting with a Japanese battery salesman you showed your lack of knowledge on storage. Domestic battery systems in Japan come with a giant markup justified by the stubborn Bubble Era myth of Japanese quality (That's true of almost any electronic device in Japan, actually. Phones, TVs, laptops...).
 
2 days ago  
The sad thing is that somehow, I sense Ford's Mach-E is going to find a way to make Tesla look like the quality seeker's best option.

Hope I'm wrong.
 
2 days ago  

jaylectricity: In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).


Shoeshine boy
 
2 days ago  

neaorin: Linux_Yes: Bet on short term speculation. Buy in the big dip for the long term. Sit back and relax.

Relax and collect all that free money off the backs of Labor.

That's funny, seeing as Karl Mark was quite the speculator back in the day.
I guess he tried one too many YOLO plays, got wrecked as a result and decided that capitalism bad.


Capitalism run amuck eventually destroys itself by eroding into fascism.

That is wht is happening in murca as write.

The only thing that works long term is a capitalist socialist hybrid.

Bernie could have told you that but you would rather watch this nation destroy itself.

The only difference between run amuck capitalism and fascism is the body count.
 
2 days ago  

neaorin: Linux_Yes: Bet on short term speculation. Buy in the big dip for the long term. Sit back and relax.

Relax and collect all that free money off the backs of Labor.

That's funny, seeing as Karl Mark was quite the speculator back in the day.
I guess he tried one too many YOLO plays, got wrecked as a result and decided that capitalism bad.


Think of the wealthy capitalist as a used car salesman who now owns ur gov and courts.

There is no future in that arrangement long term.
 
2 days ago  

Linux_Yes: lindalouwho: No replacement policy, no longer any PR department, what the heck is going on over there??!

Time to put the coke away, Elon.

All you have to do is Believe!!


Elon, Peter Pan, fairy dust, Grimes as Tinkerbell - makes sense to me!
 
2 days ago  

DON.MAC: jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?

Even if they do, will the bounce back?

Right now a large number of people are investing in 401K type things where they want the money invested in "tech stocks".  The result is you have fund managers who have a billion dollars a week to invest in a limited number of tech stocks.  Many other countries now require something like a 10% pension fund so a large amount of everyone in the 1st world's pay gets dumped into the market.  There are UK retirement funds that can only invest in twenty different stocks which isn't much different than putting random amounts on each number on a roulette wheel and giving it a spin.

Many of these tech stocks make no logical sense.  Google bought Nest for a billion dollars.  They could have bought Honeywell for the same about of cash, stripped out the thermostat patents and business, sold the rest back for more and ended up with what they have now for nearly nothing.


dudewaitwhat.cat - Honeywell has a market cap of $120 billion dude.
 
2 days ago  

jaylectricity: Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.

I think that we don't understand life back when Ford revolutionalized car manufacturing. Tesla is probably just the same in terms of importance.


Tesla had a goal of changing electric cars from "compliance cars" to "objects of desire".  They succeeded.  Now they're busy ridding the tiger of insane wall street overvaluation.  They certainly aren't going to massively change the world (more than they already have) buy building new cars: it isn't something they are all that good at.

If they manage to take batteries from where they are now to storing enough solar/wind power to run through the night/calm days then they might be changing the world even more.  But most of that work was paid for by the phone/laptop market, it was just lying on the ground waiting for somebody to come along and dump a lot of money to make it to the next stage.

/inventor: someone who puts the final piece of the puzzle in place
//especially when the infrastructure is finally  ready for such
///James Burke's "Connections" series[es] need to be pushed more.
 
2 days ago  

Stibium: Likwit: I think Tesla will go down in history as the most important car company of all time (yes, more than Ford or Benz). That said, they can be mighty farking silly at times.

Agreed. It's the next Ford. Ford isn't known because of its cars, it's known for automation of production. Musk is doing the same, except at a completely new scale. Instead of automating production of automobiles, Tesla's core concept is automation and consolidation of the entire supply chain to produce its automobiles, as well as its other line of products like the PowerWall.

It's a compelling futurist concept that isn't on the radar for most investors. People are just focused on its car and battery production and missing the big picture. That's why short term I think it'shiat it's peak. Market sentiments overwhelm the long term fundamentals, and probably will for the time being.

Bet on short term speculation. Buy in the big dip for the long term. Sit back and relax.


On consolidation of supply chain, Henry Ford had raw iron ore dropped off at one end of his factory and cars came out the other.

Ill give that tesla is utilizing a lot automation, but not on a scale that sets it so far apart from the rest of the industry to make it historically so.
What tesla has done is brought electric cars to scale, marketed, made them look like 'cars' and not 'electric cars' and got them into the hands of lots of people quickly.

They are not revolutionizing the manufacturing process, but the sale of electric cars in general.
 
2 days ago  

lindalouwho: Linux_Yes: lindalouwho: No replacement policy, no longer any PR department, what the heck is going on over there??!

Time to put the coke away, Elon.

All you have to do is Believe!!

Elon, Peter Pan, fairy dust, Grimes as Tinkerbell - makes sense to me!


Or at least Believe and throw lots of venture capital my way.

Giggle
 
2 days ago  

Stibium: Agreed. It's the next Ford. Ford isn't known because of its cars, it's known for automation of production. Musk is doing the same, except at a completely new scale. Instead of automating production of automobiles, Tesla's core concept is automation and consolidation of the entire supply chain to produce its automobiles, as well as its other line of products like the PowerWall.


Toyota and Hyundai roll their eyes before facepalming at Tesla cultists.
 
2 days ago  

Nonrepeating Rotating Binary: "It's also unclear if many people were using it. We know that Tesla made some changes to it over the years to avoid people abusing it, but we don't know if that's the reason behind the move to completely discontinue the policy."

Right?  Because HUMANS, it was going to be abused by people who thought it would be fun to order a Tesla, have it delivered to their house, drive it around for 'free' for 7 days and then say "no thanks" and get their money back.

It's an assumption by subby to say it's about quality issues.


Yeah, they knew that when they made the policy.  Despite acting like an alien to the human race, ElMu isn't *actually* one.  The difference between then and now isn't that human nature has changed, and it isn't that ElMu's grasp of human nature has changed.  Given that there's no equivalent replacement warranty policy, it seems the issue is more a QA thing.
 
2 days ago  
Company decides that their highly aggressive return policy was a little too aggressive.  Whoopee.
 
2 days ago  

stevesporn2000: dudewaitwhat.cat - Honeywell has a market cap of $120 billion dude.


6 years ago they were looking to ditch their division that included thermostats and a bunch of other stuff.  They were talking about $750 million for that part at the time.
 
2 days ago  

Likwit: jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?

Depends on how much you've got in the market right now. If it's a significant chunk where a big drawdown would really hurt, take some money (or all of your money) off the table. Nobody ever went broke quitting while they were ahead.

If it's an amount you can afford to let sit through a big dip, it's better to leave it alone and plan to buy during a crash. Make a list of 5-10 companies you really like (fewer is better if they're diverse), examine their fundamentals, and if they seem on point, put them on your buy list. Figure out a price target and follow your team down as the market shiats. If any hit your targets, load the boat. If you already have a position in those companies it's even better. Nothing assuages stock uncertainty during a dip better than pulling your avg. cost down.

When I was in undergrad, my Econ Fundamentals prof did a few weeks on investing. I've followed his rules ever since and I've only done poorly once (when I first got a paycheck in JPY and bought Japanese stocks... I lost my dick. It's a different world). It made me believe that finance should be taught in high school with his curriculum as a central unit.

Sorry if that was stuff you already knew, but you said you sort of just started so I didn't know. Good luck 👍


Thanks!
 
2 days ago  

Likwit: DON.MAC: jaylectricity: Welp, I bought one share of stock when it was $235. It ballooned up. Took a long time, but they finally split it. I got five shares out of that. Now my investment is worth $2200 in a little over one year. I've been thinking of dumping the stock now, then waiting for an event that plummets the stock and reinvest that $2200 when it's low.

In fact, all my stocks are doing good right now (I don't have a lot. Took me 40+ years to think about gambling on the stock market).

Anybody think the stocks will tank for a short time between now and inauguration day?

Even if they do, will the bounce back?

Right now a large number of people are investing in 401K type things where they want the money invested in "tech stocks".  The result is you have fund managers who have a billion dollars a week to invest in a limited number of tech stocks.  Many other countries now require something like a 10% pension fund so a large amount of everyone in the 1st world's pay gets dumped into the market.  There are UK retirement funds that can only invest in twenty different stocks which isn't much different than putting random amounts on each number on a roulette wheel and giving it a spin.

Many of these tech stocks make no logical sense.  Google bought Nest for a billion dollars.  They could have bought Honeywell for the same about of cash, stripped out the thermostat patents and business, sold the rest back for more and ended up with what they have now for nearly nothing.

You're right. Tech stocks make zero sense right now. Much of it is being driven by sentiment. Docusign makes no money, but they're supposed to be worth $40B+? GTFOH. Apple hasn't grown top line revenue in years and their new services are butt, but they're suddenly worth $2T? GFY. DraftKings grow their losses every year and sports leagues are getting wrecked by COVID, but they're worth $17B? FYMYD&YGGG.


And this is why I decided to put my play money toward day drinking and Tootsie Roll shares sometime in May. Bubbles are fun if you just whoops into the ride, but no farkin' way I'd trust something like this enough to hop in mid-way or now, where it looks like the best case is sideways for months.
 
2 days ago  
...To clarify, TR's only case is sideways forever. But if there's some weird confectionery bubble in the next year, at least I got in at the bottom.
 
2 days ago  

Nullav: ...To clarify, TR's only case is sideways forever. But if there's some weird confectionery bubble in the next year, at least I got in at the bottom.


Tootsie roll is publicly traded... that's insane to me. I feel like I just made an enormous discovery
 
1 day ago  

jaylectricity: Anybody think the stocks will tank for a short time between now and inauguration day?


If you are seriously asking this question, you probably don't want to be invested in the stock market.

There are entire office buildings full of people whose job it is to try and figure this stuff out basically 24/7, and even they can't properly time the market.  High Frequency trading is so prevalent (and profitable) that data centres literally advertise that every server gets the same length of fibre optic cable between that machine and the backbone connection so that one trader doesn't have an advantage over another based on the physical layout of the room.  I have no idea if that actually makes a difference, but the people who run the data centres obviously think that the people who use the data centres think it makes a difference.

Up against all that, the casual investor has (IMO) basically zero chance of beating the pros.
 
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