Tesla hits $1T market cap

[F-22Raptor]

 

[nang2]

Thanks to Hertz's order. I think Hertz is smart. For traveling businessmen, as long as the hotel has charging stations, driving an EV around would be a nice experience if he hasn't got one himself.

 

[Hamartia Antidote]

I think Hertz is smart. For traveling businessmen, as long as the hotel has charging stations, driving an EV around would be a nice experience if he hasn't got one himself.

Or maybe thinking along the robotaxi-like angle.

 

[Hamartia Antidote]

Elon Musk teased Warren Buffett for being so much poorer than him — and suggested the investor buy Tesla stock to catch up

The Tesla and SpaceX boss has clashed with the Berkshire Hathaway chief before, once joking he would start a rival candy company.

markets.businessinsider.com

Elon Musk teased Warren Buffett for being poorer than him in a recent tweet, suggesting the investor should buy a stake in his electric-vehicle company if he wants to catch up.

"Maybe Buffett should invest in Tesla haha," Musk said. The Tesla and SpaceX CEO commands a net worth of $236 billion, or more than double the Berkshire Hathaway CEO's $103 billion fortune, according to the Bloomberg Billionaires Index.

Musk tweeted in response to a Twitter thread highlighting that he was worth more than Buffett and Microsoft cofounder Bill Gates combined. He probably doesn't expect Buffett to become a Tesla shareholder, as the 91-year-old famously looks for bargains and sticks to businesses he understands. Tesla's market capitalization has ballooned almost 10-fold since the start of 2020, and the company has made big bets on artificial intelligence and bitcoin.

The Tesla chief has butted heads with the investor before, most recently when he dismissed Berkshire's proposal to build 10 natural-gas power plants across Texas in preparation for the state's next power crisis.

While Musk has quoted Buffett in the past, he's admitted that he's not the investor's "biggest fan." He's described allocating capital across Berkshire as "kind of a boring job," and questioned Buffett's "kindly grandfather" persona.

Notably, the Tesla chief labeled Buffett's idea of economic moats - or enduring competitive advantages such as a beloved brand or patented technology - as "lame" on an earnings call in 2018. He argued that a company's pace of innovation is the key determinant of its competitiveness instead.

Buffett defended the concept at Berkshire's annual shareholder meeting that year. He pointed to Geico's low costs, and customers' loyalty to brands such as Coca-Cola and Snickers, as examples of powerful moats that keep rivals at bay.

"Elon may turn things upside down in some areas," the investor said. "I don't think he'd want to take us on in candy," he quipped, referring to Berkshire-owned See's Candies.

"I'm starting a candy company, and it's going to be amazing," Musk jokingly tweeted in response. In contrast, Buffett signaled that he won't be competing with Musk in the car business.

"I don't really have the same urge to produce automobiles that he apparently has to produce candy," he said in a CNBC interview in 2018.

Buffett has previously praised Musk as a "remarkable guy," but suggested he has "room for improve

 

[nang2]

Or maybe thinking along the robotaxi-like angle.

That would be nice, too, particularly for someone in an unfamiliar city.

 

[Hamartia Antidote]

That would be nice, too, particularly for someone in an unfamiliar city.

Well I remember people warning that it may be difficult for consumers to buy Teslas in the future if larger companies start buying in volume.

 

[nang2]

Well I remember people warning that it may be difficult for consumers to buying Teslas in the future if larger companies start buying in volume.

I don't see how that could happen. Large companies have been buying traditional cars in volume for decades. That hasn't prevented consumers from buying them.

 

[Hamartia Antidote]

I don't see how that could happen. Large companies have been buying traditional cars in volume for decades. That hasn't prevented consumers from buying them.

Well they are approaching 1 million capacity. 100,000 from just one company could add months to deliveries.

 

[nang2]

Well they are approaching 1 million capacity. 100,000 from just one company could add months to deliveries.

With $1T market cap, time to expand. Maybe a new shop in Texas. Wait, it is already under construction.

 

[Hamartia Antidote]

Here's the closing price

 

[HttpError]

Damn, should have bought it.

 

[Get Ya Wig Split]

Tesla to the moon

Tesla will not stay long. Ponzi scheme will have their sunset soon. Unless you can prove u are a better investor than US warren buffet. I will eat back my words

Your Ls just keep stacking up smh

 

[Itachi]

No haters in this thread. All silent.

 

[F-22Raptor]

No haters in this thread. All silent.

I can’t tell you how many on PDF told me Tesla would never reach $1T. Here we are a year later, and myself over $300k in profit, laughing our asses off.

 

[khail007]

No haters in this thread. All silent.

Sir G, why one should hate good technology? It is for the benefit of all alike.
I will always go for good tech in reference to what I could afford else it would remain on my wish list.