Thread: Tesla Cracks $1,000 Again Despite Lousy State Sales Data

Continues to defy gravity with earnings that don't matter. If this company is doing so good, I don't understand why its sales are still being propped up with government subsidies.

Less than one month after hitting $1,000 it hits $1,500. Eight days ago it was at $1,100.

Originally Posted by Bullitt

Continues to defy gravity with earnings that don't matter. If this company is doing so good, I don't understand why its sales are still being propped up with government subsidies.

Less than one month after hitting $1,000 it hits $1,500. Eight days ago it was at $1,100.

The brand is far ahead of the underlying financials right now. People are buying in for the future, not the current. I get it, but I'm not going to pay that kind of price for it. They aren't even profitable yet! Imagine when that happens...

Originally Posted by bmneveu

People are buying in for the future, not the current.

That rule applies to every stock / bond / real estate transaction. Nobody cares what already happened (though past performance does attract new money).

Another record close for TSLA. Is the company really worth 40% more today than 15 days ago? Why not sell some company stock to pay off all that debt?

It is a bit concerning how much AMZN (13%) and TSLA (40%) are up in July compared to the SPX (chopping) and NDX (up 7%).

Heavy call buying by those hoping to capitalize on being added to the S&P 500. Once index funds start to purchase TSLA, valuations should hit the ionosphere. I'm sure the numbers will appear favorable but will involved a good deal of accounting voodoo to make it happen.

The electric-car company has yet to achieve one major milestone: inclusion in the S&P 500. Some analysts forecast a surprise profit that would make the company eligible for inclusion in the benchmark stock-market gauge.

To be considered for the index, companies must report an accumulated profit over four consecutive quarters, including the most recent. Tesla has yet to accomplish the feat. The consensus estimate of analysts polled by FactSet is for a modest loss.

https://www.wsj.com/articles/tesla-k...d=hp_lead_pos4