SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 191.91+0.5%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: the longhorn who wrote (10069)7/7/2020 9:37:09 AM
From: robert b furman1 Recommendation

Recommended By
the longhorn

  Read Replies (2) of 26830
 
Hi longhorn,

Nope, I've never owned a share of TSLA - EVER.

I've thought it was a short from hundreds of points ago - shows why I never short stocks! <smile>

TSLA is a cult stock.

I question some of their accounting procedures and think Elon is capable of any crooked twist there is.

The valuation is a sign of the market becoming irrationally exuberant in so far as tech stocks without earnings are bubblicious.

TSLA is undergoing a wide distribution top. The shares are becoming a story stock as the holders of TSLA stock go from strong institutional hands into the weak speculative public hands.

TSLA will plateau and continue to tease ATH's. Probably do that for another 6-9 months I'm thinking.

What will collapse this house of cards, is new and exciting competitive models which will compete for that small niche market - luxury EV's. The big well capitalized OEM's will aim their guns on TSLA's now aging products.

ALL OEM's have invested billions into EV's.

With gas prices as low as they are, EV's will be destined to be urban luxury items.

A small niche,over hyped by an adoption rate that would "make the internal combustion engine obsolete".

As fossil fuel alternatives (gas and natural gas) stay low in price, the gradual growth of EV's will create a slowly growing demand for electric generation via cheap and plentiful natural gas leading the way to electrification.

I'm also of the opinion that the renewable bubble has been essentially popped by the huge monies and debt that have been and will be spent on Covid 19.

As a confirmation of these thoughts I leave you with uncle Warren's most recent purchase fof the gas pipeline from Dominion energy who is wasting money on trapping methane in Dairy Farms for energy generation up in the North East Coast.

Hopefully the US will not go the way of Europe and embrace the rebated and excessively expensive renewable electricity route which has so far tripled the cost of electricity in Germany vs. that in the U.S. .

Those two sectors are the bubbles in this market and will not end pretty. IMO.

Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News