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 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 29 points 1 month ago (2 children)

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

[–] [email protected] 13 points 1 month ago (2 children)

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

[–] [email protected] 12 points 1 month 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 1 month ago* (last edited 1 month 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 1 month ago* (last edited 1 month 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.