Tesla

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About Tesla

Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.

They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.

Tesla’s mission is to accelerate the world’s transition to sustainable energy.

founded 2 years ago

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Tesla board members, executive sell off over $100 million of stock in recent weeks (abcnews.go.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 29 points 2 weeks ago (2 children)

Gee, I wonder if they know something we don't...

[–] [email protected] 13 points 2 weeks ago (2 children)

probably, but no need, what we already know is enough info to be doing this

[–] [email protected] 12 points 2 weeks ago

Knowing that Tesla had a market cap exceeding GM and Toyota and all the other manufacturers and a PE ratio beyond belief, the smart ones were selling as soon as it vests.

[–] [email protected] 4 points 2 weeks ago* (last edited 2 weeks ago)

Yes it looks bad from the outside, but hopefully it looks even worse from the inside, with empty dealerships and order cancellations.

How many months with zero sales can each dealership handle?

And didn't elon increase the number of units produced?

[–] [email protected] 9 points 2 weeks ago* (last edited 2 weeks ago)

The numbers tanking when Elon started his bullshit is enough. He keeps double down. Telsa stock is basically shit going down the drain. Get out now before you drown in it.

[–] [email protected] 10 points 2 weeks ago

Fuckem. They can all eat shit and die.

[–] [email protected] 3 points 2 weeks ago

Tessslerrrrrr!

[–] [email protected] 2 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Fuck this company and fuck Elon in particular, but we're in a downturn economy. Some of this selloff is normal in this kind of situation. I work for a very successful company (completely unrelated to the auto/tech industry) which was rising before all of this bullshit and many of the top shareholders sold HARD recently

[–] [email protected] 3 points 2 weeks ago* (last edited 2 weeks ago)

Sell high

Buy someone's repossessed home with the money and charge the mortgage+50 in rent.

[–] [email protected] 2 points 2 weeks ago

Aren't these filed months in advance?