Saturday, July 08, 2017

Tesla Stock Begins its Descent

On June 21st I wrote:
Long time readers know I have good instincts for when something is wrong.  They also know I really want historical parallels to bolster my suspicions.  Tesla bothers me...
TSLA stock closed that day at $376.40

July 8th update:

TSLA stock closed for the week at $314.22

This time I think Goldman Sachs has it right.  They recently lowered guidance from $190 to $180.  And I believe an overshoot is likely. 


And for Cinco:
4000 year old New England stonework. 

45 comments:

Lawyerliz said...

Cool stonework.

Hub got me shoes and blouses for b day. You can never have enough shoes.

Lawyerliz said...

Far too risky for a risk adverse person like me. It isn't making money, is it?

Lawyerliz said...

Far too risky for a risk adverse person like me. It isn't making money, is it?

LBD said...

TESLA is a like a lot of tech companies, lots of promises but not really delivering. So they have a better golf car for the rich. What happens when it is no loner the talk of the elite dinner parties?

Rob Dawg said...

I would never suggest shorting. I have no problem calling something an obvious short. Liz is right, it is not investing.

Mike said...

I am officially in the neutral category regarding Tesla stock..but consider their car owners pretentious..

Rob Dawg said...

I've been places enough over the past few years in my friend's Model S to know that isn't always the case. For 90% it gets him around with no concern for range or price or finding a charger. Replaced a similarly priced BMW 7 series that would no doubt have sucked down $2500 of premium and an equal amount of "routine" service. Insurance about the same. He's way ahead for now. The new CA registration fee and monster jump in insurance rates will narrow the gap.

LBD said...

Tax Incentives would buy a lot of free gas. The maintenance schedule is part of the I can pay punishment. My 99 Silverado has never had any fluids changed except the T case under warranty. Original brakes. I just put shocks on at 137K miles. What will be battery replacement cost and how much gas would it buy, If you keep a TESLA in the long run I suspect you lose. IMO

Lawyerliz said...

I buy cap For s and run them with low maintenance a distance nearmy to the moon. I like driving a beat up car. If it gets another nick, I just don't care. And mostly all cars look the same to me.

Lawyerliz said...

Cheap Fords nearly to the moon

Lawyerliz said...

Now, if you have decorated a fabulous room, or have a wonderful piece of jewelery or a rare Hieronymbus Bosch, or A Holbein, I will be super impressed, and you will attain all the status that you seek.

Rob Dawg said...

The near total silence on Trump's coup in securing a Syrian cease-fire in the MSM is troubling. It will no doubt be tweet fodder soon.

Rob Dawg said...

The '98 Expedition is about to double in value. New coil overs f $50 + 50 install) and tires (don't a$k) and a tank of gas ($55). Oh and a blinker bulb.

Mike said...

yeah..him & Melania rocked the G20..Syrian ceasefire was for a small section of the country (which has been tried before)...twt

Lawyerliz said...

He doesn't seem to tweet when abroad

Mike said...

three today..about a half dozen yesterday..in between a very full meeting schedule

Cinco-X said...

Well... Having dinner it the old fashioned way (except for having the stones delivered), I'll say it can be done, but having a lot of bodies helps. We never had more that three men at one time. My wife pitched in, moving rollers from the back to the front, etc. Those extra hands helped too...

Cinco-X said...

Would you be impressed with a 5000lb granite staircase?

Cinco-X said...

Done it... DYAC

Lawyerliz said...

Gluten morning.😀

Lawyerliz said...

Happy Birthday to me.

Great Unknown said...

Happy B-Day Liz!

Lawyerliz said...

Thx

Lawyerliz said...

How much does a Tesla cost?

Lawyerliz said...

Why should anyone want one? Status only? Quality? No gas? That's silly considering price.

Lawyerliz said...

Wakey wakey East Coasters.

Lawyerliz said...

Cr missed a day of posting. Hmmmmm.

Lawyerliz said...

Trump doesn't tweet when he goes overseas. Does that mean he can control it after all? I need to get up and be taken to birthday bteakfast.

Great Unknown said...

He's in Europe seeing the sights. Who has time to tweet?

Great Unknown said...

He'll catch up on the flight back. Probably be a tweet storm then.

Great Unknown said...

I'm enjoying the CNN meme war though.

LBD said...

Good Morning world!

Great to see a commonsense Rebel at the world elitist party.

Rob Dawg said...

The Bugs Bunny v Yosemite Sam and Roadrunner v Coyote memes are the best.

There's an old (racist) cartoon that would be perfect about a very short Indian chief and a very short moose he is hunting. That would be perfect.

Rob Dawg said...

I has to be deeply unsettling that Trump is so self assured that he didn't need to follow the elaborate diplomatic protocols they all felt the need to hide behind.

Rob Dawg said...

Things on for the week.
The August 21 eclipse.
RBOB diesel price parity.
"Goofus and Galant" houses.
The first production tomatoes and Tesla Model 3s.
Dead tree news and a personal timeline.
Maybe something about politics if there is room.
Any additional suggestions?

LBD said...

Nebraska clawing to be tourist attraction is pedaling the eclipse for traffic.

LBD said...

Always interested in jobs of the future for the common person. Will they make a come back or not?

A/C job finished, back to wiring the shed for the Miller 330-bp and the small plasma cutter.

Rob Dawg said...

My niece is absolute dead center of maximin totality.

Rob Dawg said...

220v? Possibly even three phase? Nah. Having 220v and 200A service is great.

LBD said...

220v single. Machine can do 440v and 660v. I have 200 amp service but not to the shed. I want to bury a cable but an 8' retaining wall makes it difficult. so another time if the need comes about. I built race cars on a dryer out let in the past.

Lawyerliz said...

Our hotel room is dead center. We registered a year ago.

Lawyerliz said...

Gave another speech on the revolution war, which was liked by the unitarians

Lawyerliz said...

Up 300$

Rob Dawg said...

Liz, you won't believe me when I tell you what happened to the Dawghaus price.

New post. I'll tell you there.

Lawyerliz said...

It went up or down.