TSLA Jumps again...

[rgG]

My husband also says part of this is likely driven by short covering by the people who shorted it recently.

[pdq]

It is nutz.

Congrats to those who have ridden it up. Don’t wait too long to sell (nor, God forbid, buy if it starts going down).

This market is a bubble waiting to pop.

[ztirffritz]

What other EV makers? I'm only half joking. I think Jaguar sold around 4000 iPace EVs last year. Tesla sells that in less than a week. You're thinking "OK, but what about the Chevy Bolt?" I think GM sold 16k Bolts in 2019. That's about 3 weeks of sales for Tesla. They have NO competition yet. Do they sell as many vehicles as GM or Toyota or VW? No, not even close...yet. But when it comes to EV sales they dominate.

Correction: Jaguar sold about 16k iPace EVs too.
https://insideevs.com/news/433402/jaguar...s-q2-2020/

Carnos Jax wrote:
I was under the impression that Tesla was simply caught up in the overall enthusiasm for EV’s in general. If Tesla stock price is doing better than the other EV makers, then it’s probably due to the recent delivery report, upcoming earnings report, and battery day.

I would also caution against thinking that Teslas are low quality cars. Nothing could be further from the truth. There may be minor fit and finish issues, but by far owners are very happy with them. I think all of its pluses or advantages compared to other cars, more than make up for the minor gripes for Tesla owners. These are my impressions from driving Teslas, as well as everyone I know that owns a Tesla.

[Carnos Jax]

ztirffritz, I am with you on this. It takes a good day for me to hide my cynicism for the other major auto makers. Guess I’m really talking about companies like Rivian and a few others. But truth be told, Sometimes I think only tesla seems to be serious about bringing EV’s to the masses.

[PeterW]

Masses? When your product line starts at over $40k, that’s not a mainstream item (yet). Maybe someday.

[Carnos Jax]

Actually it is. You’re not calculating the total cost of ownership. Your $40,000-$50,000 Tesla is equivalent to like a $30,000 Honda accord or Camry.

[d4]

Tack on any govt subsidies and you're looking at a pretty good deal.

[Rolando]

macphanatic wrote:
What's driving TSLA pricing? Car quality/reliability reviews aren't too good.

Don't confuse build quality with reliability.

There is at least one passing half a million miles.
https://futurism.com/the-byte/tesla-reco...kilometers

[NewtonMP2100]

.....the market ended up down....everything was down.....TSLA ended up down $47.....

[space-time]

https://www.reuters.com/article/us-tesla...SKCN24F1T5