7/29 Some Really Great News this Morning guys

Tesla pops again on news that Morgan Stanley named Tesla the top auto maker in America. Ford used to hold the #1 spot.

I can see this stock going to $500 p/s in the next year. It is an extraordinary company.

from the article:

The brokerage said Tesla's energy business could potentially grow to be worth more than the company's auto business in the future, as investors were likely to focus on firms that address climate change-related issues.

It also expects Tesla to take a more dominant position in the market for zero-emission vehicle credit revenue - for which it recognized around $2,000 per unit in the second quarter - as legacy automakers pull back on their EV expansion plans.

"We estimate Tesla may account for as much as half the credit sales in the market, supporting a 100% margin business for Tesla that may not be anticipated by the investment community at this time," Morgan Stanley analysts said.

Tesla jumps on replacing Ford as Morgan Stanley's 'top pick' in US auto sector

4 comments

4 Comments

Java

Jul 29, 2024

And yet I keep reading that their defects and returns are as high as ever.

Once upon time JD Power loved them. Said they were the most reliable. No more

BigBallss

Jul 30, 2024

Replying to

As the article states, Tesla is not just a car company, the excitement is around its energy business. A 100% margin business. It’s crazy to say or even think, but the energy business could be bigger than the auto business. And the auto business is the greatest success story in auto manufacturing in the last 100 years. I’m wondering if we will see a spin off of the energy business with a subsequent IPO.

If you are referring to recalls, it’s overblown. I have had 3 or 4 recalls on my Tesla, none required a visit to a service center. Easy over the air software updates were done at night the car was in the garage and me chilling on my iPad. No problem.

Edited

Java

Jul 30, 2024

Replying to

I’m referring to jd power. Defects per car. Or per 100. Even though Tesla has fewer parts they have more defects off the line.

As to the energy business. You don’t remember? Thsts how they got into it. He bought his cousins failing solar company. What was it? Sun run? Solar power? Thsts how Tesla got into all this

Anyway. Glad you’re in hook line and sinker. It’s just a stick to me man. I don’t feel like I’m a part of anything or witnessing history. Just money I. The market and this is the stick I’m in now. No attachment. The only way I feel attachment here is loss of opportunity

BigBallss

Jul 30, 2024

Replying to

Yeah dude, I need to detach from the $TSLA stock. I have a soft spot for a company that has made me money. Plus I really like the product they put out.

I need to reduce my exposure for sure. I sold a bunch in 2021, then got a bunch with the stock split, bought more during the dip(s). You are right, it’s gotta be just about money and results.