Bitcoin Forum

Is it fair to say: there is a demographic in the world that hates new inventions.

They hate new inventions like electric cars and space x rockets. They also hate new inventions like bitcoin.

This demographic hates tesla stock. They tried for years to kill tesla stock through short selling.

A new plot twist has arisen where Elon Musk sided with those who hate new inventions to topple the credibility of bitcoin.

A famous inventor allying himself with a demographic that hates new inventions. I wonder how this relationship will pan out.


https://i.imgur.com/0yNoPjf.jpg


Does this mean the value of tesla stock can rise now?

Will short sellers and market pressure on tesla stock ease?

If the cost of Elon Musk's stance switch on tesla could be measured in dollars, how much would it be worth?

Could there also be a massive negative backlash against tesla for supporting these --anti new invention-- political angles.

Could tesla fanboys abandon Elon Musk and tesla EVs the way that the oscar awards lost viewership and ratings through their endorsement of politics.

Tesla is just like an ordinary stocks that after reaching its peak, it will start to go down and reach the support level and after that, it will rise again because this is a cycle. The competition is rising though and there’s so many factors to be consider, but still Tesla keeps on innovating and who don’t love innovations especially if it works perfectly?

In the long-term, I think that it will definitely rebound, that's the life of a company like Tesla which is going to only go up as time goes on because in the future, they will probably make cars that will be more economic but the problem is that hedge funds are shorting these companies for their own benefit which makes the rebound really take a long time.

Tesla is the largest electric car company in the world. The value of their company is overvalued. Currently, many electric car companies are going into operation to compete with Tesla, so if Tesla loses, they will lose their value.
I notice the two charts below have some similarities. I don't want to say that Tesla will drop like a pencil chart, but really Tesla needs to adjust before it can continue to increase.

Livermore's chart
https://i.imgur.com/Uib33ZX.jpg




TESLA CHART
https://i.imgur.com/s3WVlag.png

Not for nothing, Hydrogen, but Tesla is waaaay overvalued as a stock--and it's no wonder the short-sellers have taken notice of it.  What your graph didn't show is that TSLA has a P/E of 576, and even though other stocks are no doubt overvalued and have very high P/E's, 576 is well above the average even for tech stocks. 

The fact is that Tesla doesn't make all that much money, so it isn't worth anywhere near $571/share.  It's not that the short-sellers hate Tesla or electric cars or even new technology.  It's that they make their money identifying stocks that are overpriced and presumably are headed much lower (which I think TSLA is).  I don't have the data, but I'd imagine that Game Stop stock had quite a few short sellers when it popped up recently.  That's another company that doesn't deserve a high stock valuation.

By the way, electric cars are not a new concept.  Look into the history of early automobiles and you'll see that there was a war against electric-powered cars and gas-powered ones.  The latter just happened to win out.

That’s actually not fair to say, it’s actually a pretty stupid generalization. Nobody “hates new inventions” and inventing new things has nothing to do with why people hate Tesla. Some people hate Tesla stock because the valuation is overblown and the company will never justify that valuation. Some people hate Tesla as a company because Musk is a narcissistic asshole. Equating these reasons with hating Tesla because they invent new things is a pretty dumb take on it.

1- Its not that people who short tesla hate new investions. Its not that poeple who short tesla wants to kill it. People who short tesla are old enough to be part of multiple mania, multiple bubbles to know that something is extreamly overvaluated and its market value is based on dreams instead of hard data. When you want to make money ... you dont make financial decisions based on love/hate.

2- Tesla is not the only car campany that produce electic cars. Sooner or later every one will do that. Tesla will have a lot of competitors

@ilovealtcoins - always a +merit form me for Livermore's charts :)

Tesla is currently a low-margin company in the electric vehicle segment, and it has to do business in other areas like solar cells, reselling or transferring technology to make money. They recently traded Bitcoin and raised $250 million.
Tesla stock owners will take a long time to recover their investment because the ROI is very low.
Annual Return On Investment
https://csimarket.com/stocks/TSLA-Return-on-Investment-ROI.html


Falling oil prices and new, more fuel-efficient car models will drive people back to traditional cars. I believe the world needs a balance in energy use between electricity and oil. Tesla is only offering one solution, and there are many other solution providers out there. The environment will be polluted because of rare earth mining to produce batteries for electric cars.