Save the Teslas!

[UltArc]

Months of work raising their stock price, undone in days. Time to buy

[serialk11r]

No, stock price isn't raised by their work...at 55x sales (when it was like 170-180) the price was completely idiotic considering the capital requirements of building cars. Still too risky for me.

[Christopher Jordan]

Originally Posted by serialk11r

Still too risky for me.

Ditto. This is a 'cut-and-paste' from the same SF newspaper business section -
"In three days, Tesla shareholders lost $4.7 billion, or nearly 22 percent of their investment. "
Fires in Seattle, Mexico, and Tenessee are going to be a small part of the companies problems.

[Ryland]

About ten years ago a friend of mine was working in a GM call center when they were having cars start on fire, enough of them started on fire that they had a retraining at the call center telling them not to refer to the fire as a fire, but to refer to it as a thermal event because GM didn't want to be known as a company who's cars just burst in to flames!
At least with the Tesla's they are hitting stuff before starting on fire.

[serialk11r]

Originally Posted by Christopher Jordan

Ditto. This is a 'cut-and-paste' from the same SF newspaper business section -
"In three days, Tesla shareholders lost $4.7 billion, or nearly 22 percent of their investment. "
Fires in Seattle, Mexico, and Tenessee are going to be a small part of the companies problems.

I hate when the press talks about stocks as if market cap were actually a good indicator of value. Very few people paid 180 dollars a share for Tesla stock. Shareholders did not lose 4.7 billion, because someone has to be there to buy their stock before they can call that 22% their own.

During the crash in 08 they said nonsense like "trillions of dollars were erased". How can you erase the dollars if they didn't ever exist? [sigh]

Okay [/rant].

[Christopher Jordan]

Clip from tonights article-
In a fitting finale to a week Tesla Motors executives would rather forget, a law firm announced Friday that it had filed a class-action suit against the electric car maker.

[UltArc]

I can't believe I missed all the responses.

I see people's point. I completely agree with the stock market. To me, the stock market business is like the drug dealing business. Shady, ruins lives, takes nothing and makes it into a huge value, lot's of backroom underhanded business. Ethically, they rival. But one is legal. Off of my rant, I'd expect it to stay level, and increase. Only time will tell.

[NachtRitter]

Originally Posted by Christopher Jordan

Clip from tonights article-
In a fitting finale to a week Tesla Motors executives would rather forget, a law firm announced Friday that it had filed a class-action suit against the electric car maker.

Related:

Tesla's Model S is one of the safest cars on the road today. The real reason law firms pursue suits like this is in hopes of bullying companies into paying settlements. Tesla investors needn't worry. Given the absurd claims of this suit it isn't likely that it will hold up in court.

From Why Tesla's Stock Is Crashing Today and Why Investors Shouldn't Care (TSLA)

[botsapper]

Three injured in accident at Fremont Tesla factory | www.ktvu.com