Is Tesla (tsla) In Trouble?

Discussion in 'Investment Charts' started by longtermbull, Jul 26, 2017.

  1. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I have noticed that as well. Musk is quite the salesman and showman.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    He certainly is! I think more and more that it is time to sell when the price hits that short term spike after a well received announcement. Until the company can expand its production facilities and increase production numbers there will always be issues going forward.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Seems that Elon Musk is having issues in his personal life - a split with his girlfriend?

    Personally I dont think this will impact his business mind but he does have more than enough stress at the moment without looking for more!
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Elon Musk has a difficult private life but when it comes to business he is the teflon kid - nothing bad sticks to him lol
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Entrepreneurs like Elon Musk rarely have a "normal" personal life so there wont be an issue there. When he got divorced a while back (only to go back with his wife and then spit again) I read that he was worth billions on paper but was depending on friends for cash to live day to day. Asset rich with limited cash - I am not sure I would enjoy that type of lifestyle.
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Looks like the shares are coming under a little bit of pressure - anyone got a view on this one as I struggle to read blind faith in a share against fundamentals.
     
  7. Chartman

    Chartman Senior Investor

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  8. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Yeah, being filthy-rich asset-wise and not having the cash to enjoy a reasonably comfortable lifestyle is not something I'd strive for. It's great to have lots of wealth on paper, but when you get beyond a certain point you're basically only keeping score. What's the point in working your butt off and building an amazing business if you can't enjoy life a little, own a nice home to retire to at the end of the day, eat decent food, drive a decent car (guess he has that covered), etc?

    Buffett pays himself a low 6 figure salary and is paid a few hundred grand more a year to sit on several boards of companies he owns lots of stock in, yet is worth some $80+ billion. He also lives a very frugal lifestyle relative to his enormous wealth, but he at least pays himself enough to live comfortably.

    Of course most people have the opposite problem - they are usually asset-poor relative to their incomes, and are often heavily in debt.
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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    In my mind you can tell those who enjoy the challenge and the work as opposed to those just in it for the money. If you are successful in any field then the money will eventually follow - if you go for the money straight away this is not necessarily the way to secure a long term career. Elon Musk for example could call it a day tomorrow and be a billionaire but he has the drive to push forward and while I dont always agree with him, he does put his own money where his mouth is.

    One fly in the ointment was SolarCity where he and his brother (I think) had their loan notes repaid early when they merged with Tesla - little bit naughty?
     
  10. gowiththeflow

    gowiththeflow Senior Investor

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    The shares look like they will be flirting with the $300 support level very soon :)
     
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