Tesla stock on fire

I know Tesla's stock has been on fire, but with one of their actual cars bursting into flames, does anyone else see tremendous downside in this stock? I mean, Elon's a genius and all, one of the best out-of-the-box thinkers of our generation and gets tons of chicks, but the guy doesn't seem to know how to manufacture cars efficiently on a mass scale.

And I wonder if, at this point, Elon is actually hurting his company?

Comments (22)

Jun 19, 2018

Wall Street WANTS to love this stock... as long as he's there, it's good for the stock. Anyone who blows off analysts like he did is kind of cool in my book.

    • 1
Jun 19, 2018

Competition is going to catch up to Tesla...in 5 years, there will be a half-dozen car companies selling mid-to-high end electric cars. Tesla had distinguished itself because of its uniqueness and quality, but there have been quality issues and -- when competition comes to market in 5 years -- Tesla will have lost its edge.

Jun 19, 2018
cw19082016:

Competition is going to catch up to Tesla...in 5 years, there will be a half-dozen car companies selling mid-to-high end electric cars. Tesla had distinguished itself because of its uniqueness and quality, but there have been quality issues and -- when competition comes to market in 5 years -- Tesla will have lost its edge.

you don't see it as a ripe acquisition target by one of the larger manufacturers? the investment in infrastructure by tesla along with IP, I would think it will make a great one. That's what I'm holding out for.

If the glove don't fit, you must acquit!

Jun 19, 2018

I think you're right, many companies will see it as a desired acquisition target -- but I also don't see Elon Musk capitulating and literally selling-out. Instead, I see him going down with the ship on this one.

Jun 19, 2018

"The National Fire Protection Association (NFPA) says that vehicle fires account for about 20 percent of all reported fires, so it's worth knowing how to reduce some of the risk in your own car or truck"

https://auto.howstuffworks.com/car-driving-safety/...
a Tesla being on fire is a non-story.

    • 1
Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Jun 19, 2018

Woah woah woah.

Are you somehow implying that the media exaggerates the scope and severity of statistically normal events?

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Jun 19, 2018

But Musk intimated it might be a Tesla-related problem by claiming that there was a saboteur in their ranks... almost as if he was making an excuse, like "I know that this shouldn't have happened and it's a potential problem, but it's not our fault and here's why."

Funniest
Jun 19, 2018

I invested my life savings on the basis that "he gets tons of chicks"

    • 2
Jun 19, 2018

What does he lead with when he's in a bar?

"You know I created Tesla?"
OR
"Want a ride on my rocket?"

Jun 19, 2018

Was the rocket comment a sexual innuendo?

Jun 19, 2018

This is like the 19th thread on Tesla bud. Why do people gaf about this company so much // why don't they use the search function.

    • 1
Jun 19, 2018

I imagine he felt the fire reignited the discussion. Thank you.

Most Helpful
Jun 19, 2018

This is an ideal example of how the media falsely influences this country. You never see stories of gasoline cars catching on fire, but every thing bad that happens to a Tesla is pushed to the front page.

Do I think the Company is overvalued? Yes. Do I think this is a serious issue with EV cars? No.

Watching the news is detrimental to your health.

Jun 19, 2018

The fact that it's an electric car makes the fire a little scarier; we've been trained to think batteries are more susceptible to "blowing up" (hence, the stories of "combustible iPhones and exploding hover boards). You can imagine how the shorts seize on a story like this and prey on people's paranoia.

Jun 19, 2018
Comment