F.a.o :- ej

[Mega]

http://www.carscoops.com/2013/09/elo...nd-nissan.html
Little sh1t, just wait till BMW pisses all over him!
Mike

[dcarrigg]

Re: F.a.o :- ej

Wait, Mike, you mean comparing a $71k-$108k car to a $21k-$31k car isn't fair?

I think the Leaf and the Volt are good at one thing, providing transportation at a price that people without trust funds might be able to afford.

But letting the comparisons happen like this is strange.

It's exactly the same thing as comparing an Audi A8 to a Ford Crown Victoria. Yeah, they're both full sized cars you can get a big old V8 in, but it's also easy to say the Crown Vic sucks when you have $75k to craft a work of art and the Crown Vic is trying to keep it around $20k.

[goodrich4bk]

Re: F.a.o :- ej

Wait, Mike, you mean comparing a $71k-$108k car to a $21k-$31k car isn't fair?

I think the Leaf and the Volt are good at one thing, providing transportation at a price that people without trust funds might be able to afford.

But letting the comparisons happen like this is strange.

It's exactly the same thing as comparing an Audi A8 to a Ford Crown Victoria. Yeah, they're both full sized cars you can get a big old V8 in, but it's also easy to say the Crown Vic sucks when you have $75k to craft a work of art and the Crown Vic is trying to keep it around $20k.

Excellent point. That is a good critique of the interview. But as the holder of an underwater put, it got me thinking that perhaps Musk is merely taking good advantage of a recent structural change in our economy that is quickly making trust fund buyers and others in their economic class the PRIMARY car customers. There may be more demand at the high end than we think, as there certainly seems to be for every other luxury good.

My plan was to buy 1 put contract a quarter for a year. I haven't changed that timeline, but I suspect the peak may come later than I thought. Then again, my wife just told me she wants a Tesla (she knows nothing about my put or this site) and typically whenever she notices a trend it has peaked or is about to peak. So I'm crossing my fingers she is wrong/right again!

[c1ue]

Re: F.a.o :- ej

But as the holder of an underwater put, it got me thinking that perhaps Musk is merely taking good advantage of a recent structural change in our economy that is quickly making trust fund buyers and others in their economic class the PRIMARY car customers. There may be more demand at the high end than we think, as there certainly seems to be for every other luxury good.

Unlikely. EJ has noted before that Tesla has a production margin of something like -95%. All the 'profits' thus far have been entirely due to stock market machinations and the bond sales following this.

I've also noted before that many of Tesla's independent competitors in the luxury space have been losing money hand over fist for decades. Only at the very very high end is Ferrari making money - Lamborghini, Lotus, Aston Martin, Jaguar, etc all in the red.

[GRG55]

Re: F.a.o :- ej

Excellent point. That is a good critique of the interview. But as the holder of an underwater put, it got me thinking that perhaps Musk is merely taking good advantage of a recent structural change in our economy that is quickly making trust fund buyers and others in their economic class the PRIMARY car customers. There may be more demand at the high end than we think, as there certainly seems to be for every other luxury good.

My plan was to buy 1 put contract a quarter for a year. I haven't changed that timeline, but I suspect the peak may come later than I thought. Then again, my wife just told me she wants a Tesla (she knows nothing about my put or this site) and typically whenever she notices a trend it has peaked or is about to peak. So I'm crossing my fingers she is wrong/right again!

I think this is a brilliant strategy...short the stock to pay for the Tesla the wife wants.