Elon Musk Calls Out Tesla Short Seller in Audience 😂
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- Опубліковано 8 гру 2021
- In 2011 Elon Musk stopped by The Motley Fool HQ to discuss the likes of Space X, Tesla, and Solar City. At this time Tesla’s share price was around $20 a share. A fascinating insight into the mind of the now billionaire entrepreneur Elon. Elon was asked about what he would tell those who shorted Tesla stock at the time.
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#ElonMusk #Tesla #Shorts
Looking back at this: unreal
His confidence in his company even when it was horribly failing is truly motivating
21 million shares short. Ouch is right
So the top car manufacturers Toyota, GM, Ford, VW, BMW have a combined value of roughly $1 trillion. Tesla is valued over $1 trillion so why is it being shorted because Tesla only sells a fraction of the cars that the other manufacturers do. So for Tesla to actually match its valuation it will have to capture the market share of all those companies to justify its $1 trillion+ valuation call me old fashioned but that’s not going to happen. Now say Tesla starts selling more cars and matches the sales of Toyota which would be an incredible achievement in the automotive industry it’s current valuation would have to fall by around 90% that’s gonna sting.
Ford has nearly $200billion in debt. GM has I think around $120billion in debt. Most of it is secured against ICE vehicle financing, vehicles that are soon going to be worthless and can't be sold. Consumers are likely going to abandon these assets and default on their loans...that's going to plunge legacy auto companies into a death spiral. Their current revenue source is about to dry up. They need MASSIVE piles of cash to migrate to EVs, but they're going to need to pay off the debt that they're accumulating too as their credit rating will slide to essentially 'JUNK' rating. Ford is already considered 'JUNK'. Toyota haven't even begun to transition to EVs. They're so far behind that they can't possibly catch up. Toyota's fall is going to be spectacular. The margins on ICE vehicles are going to dwindle as demand plummets, margins on EVs will likely be negative for the foreseeable future for most of the legacy manufacturers. In comparison, Tesla have a 30% profit margin. They can afford to drop their prices by 30% to breakeven and still their vehicles will cost less than legacy auto can sell an EV at a loss. I indeed expect Tesla to collect 30-40% market share, minimum, as competition goes out of business. My bankruptcy predictions:
Ford: 2025
GM: 2026
BMW: 2024
Mercedes: 2024
Toyota: 2025
Volkswagen: 2030
Of all of these, VW seems to be the only legacy company even trying to compete with Tesla. If they get all of their parties (brands, labor, management, shareholders)moving in the same direction they *might* survive. VW is trying to build battery capacity, moving to large scale EV production. They might survive by the skin of their teeth, but they'll be a shadow of their former self. Ford (55k) and GM (20k) combined can only produce in 1 year as many EVs as Tesla make in about 3 weeks (>60k) and that's about to triple as Austin and Berlin start production. It's not that Ford and GM don't have enough demand. They simply can't make enough. They failed to invest in battery infrastructure.
Facts!
@@ztirffritz252 Tesla doesn’t have the dealership network to service the numbers of EVs required to match total sales of the legacy automakers. Also charging take’s too long. Tesla battery technology is not good enough to replace heavy goods vehicles the weight of the batteries required makes it not financially viable. Driverless technology isn’t good enough and Musks claim that making $33,000 would be possible when you’re not using your car is unrealistic especially when it’s been out working to comeback covered in child vomit and rubbish that the passengers leave.
Also you don’t want one company having a monopoly over transportation because the consumer always gets screwed when that happens.
Anyway betting on future gains is a risky venture. A bird in the hand is worth two in the bush.
But doesn't Tesla also do solar and batteries? I think they're getting into the power grid market. I wouldn't sell them short just yet
@@ragincajun993 The solar and battery technology Tesla has isn’t ground breaking it’s more a marginal improvement of existing technology. The problem is the asset’s and sales revenue of Tesla doesn’t justify the trillion dollar stock price. Also investors are gonna want real returns on their investment at some stage and at some point they’re going to realise Musk has been over promising and under delivering. Tesla truck 2017 it was announced that it would be ready for delivery in 2019 it’s nearly 2022 and there’s no truck. Tesla auto pilot could be used as a robo taxi when you don’t need the car but if you read the safety guidelines it says you must be in control of the vehicle at all times because autopilot could the worse possible thing at the wrong time so robo taxi is not free money but an Uber with flashy cruise control. Tesla has it’s place but B.S ing investors is not a good idea because when people do the end up in court.
Tesla to the moon 🚀🚀🚀🚀🚀🚀
Hold that L
you @@romeobooker2537
Again, this was presplit!
So, it was like 1.30 if my math is right. It’s 146 times that now
They got murked.