The average P/E for the auto industry is 29.97. $TSLA is beyond overvalued. If it stays like this, it’ll take another massive hit after the Q1 earnings call on April 29th.
That's would be interesting to know. He bought Twitter on October 27th 2022 when TSLA was around 225 (having fallen from above 330 when he first announced he was going to buy), and it's now at 272, so he's got about 17% left before it drops to the same value. Presumably the loan was for less than the full value of his TSLA holding, so he's still got some margin left, but I can easily believe the banks will be wanting extra collateral pretty soon considering it's down 30% in the last month alone.
Nobody wants to buy a swasticar, so I predict it will soon be illegal in the US to buy an EV from any other company than Tesla. Because free speech absolutism or something, whatever.
Really? I nearly gave up a few months ago, especially since rebate was pretty limited when I checked. I might still hold off though, I'm still worried about... well, everything, right now.
There are loads of viable alternatives these days with both legacy auto manufacturers closing the gap and a raft of new EV manufacturers joining the market, mostly from China.
I sold my Model 3 last month and took delivery of a new Polestar 2. The only features that I've lost in the switch are the built in dashcam (had to install my own instead) and using my phone as a key (which is supposed to be fixed in the next software update). Other than that, the feature set and specification of the two cars is pretty similar. Except my new one has twice the battery capacity.
I just snagged a Mach-E GT (still arguably a Nazi car though) my co-worker has a Kia EV, and it seems pretty good. The Nissan Leaf is decent too.
Fair warning, range anxiety is real, but I've pretty much gotten over it at this point. I charge my car to 180mile of range, and I rarely get down lower than 130 in a week, so an EV with 120 miles of range would be sufficient, especially if you have a partner with an ICE or hybrid.