TSLA Stock, SpaceX IPO – Where are the PROFITS? BUBBLE!!!

Oh man. I just listened to the $TSLA call and it’s very cringe-worthy. Tesla was up ~4% on what seemed like a beat before the call and after the call, the stock ended down.

Tomorrow might be even worse as people start to digest all the info. Energy business, which was supposed to be growing rapidly and make up for the car-business shortfall, is down y-o-y.

The Fremont factory conversion getting ready for Optimus, appears to be behind schedule based on Elon’s comments.

They set expectations that CapEx growth is going to be massive going forward as Tesla continues to invest in AI and factories.

Slow Robotaxi rollout was initially blamed on regulators, then later Elon gave lots of examples of edge cases that he thought were so funny, but the issues need to be resolved before rollout. This is something that many people have been saying for a long time. Being “scared of crossing railroad tracks” is no joke!

Then the whole HW3 fiasco…Finally another admission that HW3 will never achieve FSD. So many people paid between $6K – $15K for HW3. The lawsuits around this are not going to be good.

Then there’s the recurring New Roadster demo, which is perpetually a month away and always continues to be a month away! 🤣

With a PE of 214, you can’t even say “but look at the future” because the forward PE is expected to be even worse at 248!

Ouch.

As someone who held $TSLA stock for ~9 years (2015 to 2024), I can’t help wonder what people see in it today?

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