/biz/ - Business & Finance

>>21955063
I missed out so bad man fucking hell

>>21955063
We are on the verge of a second tech crash that's going to make 2000 look like a blip. Tesla, apple Microsoft are all being sold right now.

i cant even describe how much this fucks me up.

>>21955335
Elon musk went from being the 5th richest man in the world to the 4th in a few days. There has been no change to the stocks in terms of buybacks or anything of the sort. They are pumping and then they are gonna dump hard.

>>21955402
It's still the same supply of stocks there has been no change in this during a recession. The stocks still have the same value it just requires more money now to get that value from the brrrrrrrrr your purchasing power is being decreased and making you poorer by the day OPs graph proves it

>>21955272

I got in as soon as I learned about the split.

I knew retards would continue bidding this up after the split, even though I don't believe in the company or their bullshit.

>>21955446
its partially true, there is still a huge bubble. i just wonder how the popping of it will affect crypto

>>21955063
literally beartrap to parabol ath never reached again

>>21955063
It’s the get rich af and you need a harem of skank ass bitches to carry your money timeline.

>>21955063
I bought 1 share at $750 and thought I was a total retard for buying the top. Turns out to be one of my best investments this year.

Alright that's it, I'm shorting, didn't risk it at 1k5, but this is getting ridiculous

>>21955063
the wagie escape vector
new rocket ships like this rarely come around, sorry you missed it

>>21955550
>almost quints with 5’s

So close to buying a bag. You failed

>>21955402
Where are they going to put the money, retard? Only a fool is holding on to cash right now

>>21955063
The timeline where Elon actually takes us to Mars.

>>21955750

You're shorting right before the stock becomes "cheaper" to the normies?

>>21955750
It's such a risky short. So many people are going to get burned by trying. On the other hand, some lucky fucks will time it right and get rich.

I will get at least one share after the split, let's ride this bubble until it pops

>>21955878
Good point. Fuck, how am I suppose to short retards?

>>21955750
Your blood is going to grease the short squeeze up. Fools have already lost over $20 billion trying to short tesla, and that was back in fucking JUNE. I don't even know what the numbers are now.

>>21956023
It can't go up forever, and I pretty sure this is already the short squeeze. Im going to wait till mid September but there is no way I'll not try, even if I loose a few k

>>21956019

You should wait another few quarters when the company reports another few slew of terrible results, because they've burned a lot of cash on the PP&E and asset heavy stuff to get the new factories set up.

Shorting now would be a terrible idea, but if you do, post some screens so we can have a laugh together.

>>21955272
Same bro

>>21956019
It cannot go up forever, have you looked at the RSI on this thing? Fully disconnected to reality.

>>21956281
RSI means jack shit, look at Amazon

>>21956281
Go and read the yahoo comment section of tsla, do you think these people even know what RSI is?

>>21955063

Reminder
https://mobile.twitter.com/AmandaCerny/status/1298097783275024384

>>21956415
kek

>>21955063
The fake chink virus stimulus checks all get thrown into self-crashing cars stonk timeline.

>>21956704
kek

>>21956704
He's unironically right

>>21956023
You got to be in it to win it

Fucking burgers, I live in a third world shithole and we cant easily buy shares on usa companies. Really wanted to buy AMD two years ago too.

>>21955755
How is it an escape when your purchasing power is inverse to these stocks' prices?

>>21955063
tfw bought 100 when they were sub $100 because I read his stupid biography and thought he sounded based

>>21957910
$200*

>>21957520
Oooyyyy, just buy jolliebee and San Miguel, ruperto. We get rich!

>>21955335
apple and microsoft's fundamentals are fine
its really just tsla that is the big tech equivalent of a memecoin

even the employees are retards
SO they caught one
wonder how many never got caught

>>21955867
This. Imagine how may Teslas he will sell to Mars colonists. There is no oxigen on Mars so only EVs work there

Looking like 'new paradigm' to me

>>21955402
Holy shit Elon overtook Tether?

Jesus Christ. Normie zoomer payday is today, bet this goes to $2500

>>21955063
so many unfilled CME gaps
prepare buy orders at $600

>>21955833
>Where are they going to put the money
gold

>be february of 2020
>normie friend asks if ive heard of TSLA
>he says it’s only going up, and he bought in at $800
>shrug him off because tesla has shit fundamentals and has its priced propped up by the cult around elon
>china flu seemed to be getting worse anyway
>recession seemed inbound
>one month later
>tesla under 400
>tried to hide my smugface telling my friend i told u so
>thought the POS “tech” company was gone for good
>be now
>TSLA ATH notifications pop up every week
>friend texts me about how much he’s making, trying to convince me to buy in
>haha... nah... weak fundamentals...

Biz why am i such a retard

>>21959054
I really hate that my normie friends are making money off it

I never bought any crypto or stocks until this past March I got one share of Tesla for like 422 dollars and I bought a couple ETH and some Tezos at sort of near their yearly lows. But it's not really done anything for me.

>>21959156
>>21959156

High ego posters

>>21955335
Reddit won yet again. I really did waste my life on this board

>>21959054
I sold and then bought the corona dip. Thought about buying tesla at 500 because I had regrets about not buying it at 200. I decided against it because tesla's value is not based on any physical value but just shitcoin like speculation greed.

I made a shit ton of money thanks to 'rona but I still feel bitter. I only made free 70%. Still equivalent to several years of living costs. But I could have made 200% gains just by dumping into TSLA. I could have basically retired now, do whatever I want, start my own startup.

>>21959297

>disagreeing with the central bank destroying value investing is HIGH EGO

>>21955335
But why?

>>21959422
Nah,

Just that they can't bear the thought that people they have deemed "unintelligent normies" are making money.

It's pathetic.

>>21959626
I'm pretty sure reddit is smarter then us at this point. It's pretty obvious

>>21959626
I dont really care about who is making money or not, but can you, in all honesty, say that the current price of a Tesla share is even remotely reasonable?

>>21959626
Holy Christ Almighty when a fucking crypto board is more or less unanimous, the fundamentals of this shit are fundamentally fucked, that should at least maybe give you pause for thot

>>21955063
Tesla is the first real AI company.
Cars don't just drive themselves.
What other company has people paying 8 thousand dollars for AI?
That's what the autopilot costs to add to your car.
People are starting to realize this, AI is the future.
Tesla stock will just keep going up as their AI continues to grow.
It's not a "meme", it's not "illogical" it's just you fags can't wrap your minds around what Tesla is actually doing.

>elon tweets at 750 that the stock price is overvalued
>moons to 2300
what did he mean by this?

>>21959772
yes see >>21960117

>>21960131
He said the stock was too high, not overvalued your brainlet.
Hence the stock split.
You retards really need to have everything spelled out for you don't you?

>>21960131
Just shaking out infidels and weak hands.

>>21960117
wen Link Integration?

>>21955402
And how much do you have brother? Comrades, it's time to admit that socialism of the rich is rampant and festering in our world. They don't care for you besides keeping us all fighting for scraps, slaves that spend 7 years of our best years groveling at their feet for barely above minimum wage

>>21960179
yes, thats why it dumped right after he said it, right?

>>21955063
sell the news or die

>>21960117
Not to be a cunt, but AI are not close to being complete enough to put on roads.
t. friend of mine is into deep learning (specifically image recognition)

>>21960203
Tesla's business model at it's heart is fairly simplistic so I don't think contract simplification will add too much value to their company so even if they do integrate it eventually I don't see it as being a big deal.
That said I'm sure they'll use it eventually for the logistical side of their business, simply because eventually everyone will be.

>>21960117
>new paradigm

>>21959772
I can say that a reasonable price is what people are willing to pay. If they are willing to pay $2200, then yes.

Do I think that much of its value comes from unquantified variables? Yes.

Is it "over-valued" by traditional measures, yes.

Are those models perhaps bad at predicting or valuating this stock, perhaps.

One thing I know for sure is, I won't think that I am more intelligent than the mass intelligence of millions of investors. If my model says it's super overvalued, then it's probably my model that is wrong, or a combination.

>>21960213
Yes because idiots like you misinterpreted what he said.
>>21960297
Answer this question then.
>What other company has people paying 8 thousand dollars for AI?

>>21955063
The timeline where you missed out on TSLA because you didn't listen to me when I said to invest on TSLA in March.

Dot-com bubble 2: Electric Boogaloo

>>21959054
You aren’t, you just don’t think like a retard herd follower which is what is driving this. This is why the low IQ meme isn’t a joke

>>21960349
>>21960365
Alright guys you do you, but dont expect tsla AI to be worth much in a couple of years

>>21960297
Also
https://www.tesmanian.com/blogs/tesmanian-blog/estimating-object-properties-using-visual-image-data

>>21960458
So you're just going to stick with "people are paying 8 grand for something that doesn't really work".
Okay you do you, enjoy seething when tesla breaks $600 post split.

>>21960400
When are you idiots going to realize that the first dot com bubble was people predicting this bull run.
They got ahead of themselves, this time it's the real deal.

>>21959844
>This meme.
It was only some rare tulips of a particular colour.

>>21955063
WE ARE THE TSLA MARINES AND WE ARE NEVER SELLING
$1M EOY

>>21960458
But why?
What are the exact reasons for this, and how do you justify their prediction power?

To me, it seems like you're basing this off opinion and some markers that have been shown to be loosely correlated with stocks in a 100 year time span.

Don't get me wrong, I think TSLA is a very high variance investment too, it's a do or die sort of. So it might crash etc, but that doesn't mean that there was 0 probability of it succeeding. It just means that X event happened with Y assigned probability, and that values should be weighed as such.

>>21960806
Just call yourselves jews it’s easier

>>21960682
Fuck you /biz/ Israeli kikes

>>21959844
>>21960702
Not only that but it was one guy who had a monopoly on it much like the diamond industry.

>>21960856
Lol I'm not a Jew, I'm trying to help you get rich but watevs. When nasdaq is 15k in a few months don't say I didn't warn you.

>>21960531
>>21960814
Im far from being an expert on AI, I only took one course on machine learning and deep learning (and I talk about it with my friend because he does some pretty cool stuff).
So yeah its a great tool, but its definitely not perfect and AIs are still fucking dumb.

>>21960969
No seriously fuck you kikes. You think I am joking? Going to kill your kind

>>21960978
So I was right to assume your whole argument is build on your feeling about something?

Great, you might end up being "right".

But I would think it's very naïve to believe your "feeling" about something is a better prediction than all the worlds' model builders and investors.

Imagine that you're not poor and have 50k to burn on a car. Which dealership are you excited to go to, Tesla or toyota ? You want a model 3 or a camry?

>>21960989
Just to be clear, you think I'm a jew because I'm bullish on tech?

>>21961056
Its more about my knowledge rather then my feelings though.
And investors are kinda dumb, thats way people came up with fancy names like "machine learning" and "neural networks", they sell well. Even though your machine isnt really learning nor are we programming a brain

>>21960978
AI is going to be like gene sequencing, 90% of the progress is going to be completed in the last 10% of the time, we're coming up on that 90% mark in the timeline right now, and Tesla has the best AI on the market right now.
That's why their stock is going insane, the world's investors are catching on to that fact.
Yes AI has a long way to go, but it's going to go a very long way in a short amount of time soon, mark my words.
Don't be dumbfounded when Tesla stock keeps going up, remember this comment and realize you had it all simply explained to you but refused to listen.

>>21961153
Being bullish on (((tech))) makes you a kike, yes you compete faggot. Apple google Amazon Tesla all will die.

Tesla is going to 10k. Screencap this. In europe no one drives one atm.

>>21959382
Do you know how easy a 2x is in crypto?

Bite the bullet and buy @ 2200

>>21961251
Well, you don't lack confidence, that's for sure.

But you should really get a grasp of the implication of what you're saying.

Hope you turn out well.

>>21961305
Possible, Im little more pessimistic. Were not quite sure (or least some think) that our current way of making AI is the good one. A lot of theory is actually quite old, and we have only been able to start testing recently due to hardware limitation.
So I dont know if we have the right tech to get those last 10%

>>21961251
>investors are kinda dumb
kek
Watch this
https://www.youtube.com/watch?v=jcy8QaILDJI
Then read this:
https://www.ft.com/content/8d2ac71e-5193-11ea-8841-482eed0038b1
If you still think you're smarter than these guys (despite losing out on massive gains by not buying tesla) then there's no hope for you.

>>21959844
>>21960702
>flowers are bound by the same immutable protocol laws as cryptocurrency!!!
i can't wait for all the tulip fags to wake up one day in their rented apartment and look at 500k bitcoin and think, "man i am retarded"

>>21961543
These arent the kind of investors I was talking about, and I doubt they even consider themselves as investors .
Do you know if they still own any tesla shares, or when they bought?

>>21961394
i see them everywhere in stockholm, there are plenty in oslo too

>>21959346
Did you not buy LINK at 15 cents?

>>21961667
The "dumb" investors you're singling out barely nudge the needle, they are small fry.
Anyway I'm done here, don't buy tsla, you obviously don't/can't get it.
Just don't go around the internet whining about how the increase in value is "illogical" and "ignores fundamentals" when you continue to miss out because you've just had it all rationally explained to you.

The global car market sold 80 million cars last year. The most valuable car company by far, Tesla, sold 370 000 cars and were only profitable because they have been selling an extraordinary amount of carbon credits.

The top 5 companies with most sales (Volkswagen, Hyundai, GM, Ford and Toyota) combined accounts for roughly half of those cars sold (40m) and Tesla is worth more than all of those companies combined.

As a hypothetical, Tesla sells roughly 100k cars a quarter, to be extremely generous and say they somehow are able sell 20m (~twice the next competitors Toyota and Volkswagen) to sort of justify their current valuation, they would need to increase their production to 5m a quarter, or 50x their current capacity. Teslas newest gigafactory is claimed to make 500k cars a year, so they would need 10 more of these. In their history they have 4 factories (none can produce this capacity yet) and are in the middle of making one, they take roughly 2 years to plan and build.

>>21961701
kek my thoughts exactly

>>21961786

It's a meme stock, like Enron.

The numbers aren't there, and never will be to justify the valuation.

Just be sure to have a chair when the music stops.

>>21958175
It was probably the FBI that did the attack. If he played ball he'd be in federal prison for 15 years.

>>21961786
>>21961786
Yes but apparantly its not about volume of car sales. its about AI. So saying they're only doing a fraction of the sales when they're currently building a data monopoly is just stupid?
You could be right tho.

Though I honestly dont get the shorters. Cause its either for real or a bubble. And you dont want to short either of the two scenarios.

how do you think it will react after the 5 for one split?

>>21962108
In that case they are valued as a 400b tech company (which puts them at around the 10th largest tech company by market cap) that doesn't have a fully working product, tell me how that is better. There is no guarantee of a data monopoly either, they have so few cars actually on the road that every other car company can catch up easily just by sheer volume.

>>21959054
You can't kick yourself. You made what you believed was a sound decision based on valid fundamentals, and that in any other era would've probably been the correct choice to make. We live in the clown world now, and investing in TSLA is straight up gambling at this point. It's a stock that is no longer bound by reality, and most people throwing their meager paychecks into it will probably get burned, while a few will make loads of money.

Thoughts lads? Should I send her?

>>21962532
pretty much this

>>21955063
Do you remember that part in old school when the fraternity pledges stand on the roof with the weight tied to a rope, with the other end of the rope tied to their dong? If you own TSLA and don’t have puts to protect you, you’re the guy who get his dick ripped off.

Bros I have $100k in Tesla currently and I am scared shitless of the split, what do I do? Like I legit haven’t been able to sleep the past couple days and I prob won’t be able to this weekend either.

>>21963868
What's your average purchase price?

>>21956175
bitch is actually mad cute

>>21955750
please dont do this. literally never bet against Musk, you're going to get burnt. It's just a fact dude. We've been having this conversation for what seems like a decade. Yes, nothing makes sense about the TSLA valuation - but its going to keep going up regardless. Just leave it alone, bro.

>>21959844
idk i don't think tesla will be a tulip, just from a data and first movers standpoint they are well positioned to be the leaders in EV in the future and ridesharing as well

>>21963985
$410

>>21960297
to be fair, ML models like these would be very much proprietary to Tesla as would any logic around them

just because open source tooling isn't suitable to handle this yet doesn't mean tesla can't

>>21960838
wtf does this even mean

is this some dumbass qanon bullshit

>>21963868
sell
BTC
retire in 3 years

>>21962871
yolo

>>21964081
good face, terrible nails

>>21964159
roll it bro fuck it. if you really feel scared sell some percentage <50% or higher than your cost basis and yeet it into VTI, and if you want a different gamble sell a significant percent, most into VTI and some into BTC

>>21964159
Sell 20% of your shares and just enjoy the ride. $1 million per share or nothing

most companies that have growth targets like TSLA coupled with massive stock increases this past decade, typically lag the following decade. or can not justify future growth potential to the same degree as before

All the financial numbers/ratios for the past few years have turned out to be in line like other car companies.
>but its tech company!
no its not

>>21955536
>i just wonder how the popping of it will affect crypto
I think it will tank at first when people get their money to the dollar from instinct thinking it will be safer. Then it may go back up if the dollar proves not as safe as people thought.

>>21955402
>dump hard.
nope. telsa is still underpriced.

>>21961892
fuck her in the dark so you don't get disgusted by the color

>>21955063
Um, why does that look exactly like the chainlink chart?

OY FUCKING VEY MY BOOMER FATHER WOULDN'T INVEST BECAUSE HE THOUGHT ELON WAS ON DRUGS I cant believe this

>>21961501
i'm a machine learning phd student, you are right and the other anon is wrong. deep learning by itself is probably not going to be enough to get to the level of fault tolerance needed for self-driving cars. people more involved with the industry know this, valuations for most self-driving car startups have gone down a lot. tesla is just immune because of the elon cult

trees do not grow to the sky. the rectification will be epic. everyone holding tesla is in the green. with so much media coverage, it s the best time to sell

>>21955063
the timeline where battery tech and self-driving AI is more important than ploebeian car manufacture.

>>21965388
dude quit being a faggot your dad has nothing to do with this, if you wanted him to buy you should have bought on your own

>>21965285
thats racist bro, if you're gonna be racist you've gotta be equally or greater than funny

>>21961899
no shit - FBI is to crime solving what cheez whiz is to cheese.

cheap, shitty, unsatisfying, and they leave a bad aftertaste. The only time you actually want their help is when you're already insured against whatever crime is being committed.

Only agencies worse at what they do:
>DEA
>ATF

>>21960117
Shut the fuck up with this stupid meme

I legit almost shorted it at 1k

>>21956175
>shorting a blow off top is bad
Don't ever trade.

>>21965746
>t. Gay faggot

>>21965746
Maybe she’s into raceplay, nigger

>>21964130
You just have to wait until everyone gives up and thinks like this, that is when the rugpull will happen

>>21965949
no
seethe more notesler

>>21955063

Still gonna cost average Tech and Tesla. There are going to be more splits in future

>>21967543
>More splits in future

>>21965746
Kys