Tesla

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
There are some names that returned decently during that period, I think Sheng Siong, The Hour glass, Valuetronics, Micro Mechanics?

Tesla is an outlier, hard to fault a small market like SGX for not being able to capture a company like that. 

That said we are free to look anywhere, including US, Japan, Taiwan etc. No need to restrict ourselves to the SG market, knowing it's limitations. Shy
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Reply
(10-07-2023, 01:53 AM)Wildreamz Wrote: There are some names that returned decently during that period, I think Sheng Siong, The Hour glass, Valuetronics, Micro Mechanics?

Tesla is an outlier, hard to fault a small market like SGX for not being able to capture a company like that. 

That said we are free to look anywhere, including US, Japan, Taiwan etc. No need to restrict ourselves to the SG market, knowing it's limitations. Shy

Well, the 4 names can be considered outliers as well? Big Grin

Matter of fact, multi baggers within a decade are considerably outliers. OPMIs who can identify and then successfully monetize them consistently over decades, are considerably outliers themselves too.

Different ponds, different fish, different methods, different temperaments. It is all about finding the right fit for all of them together.
Reply
(10-07-2023, 10:10 AM)weijian Wrote: Well, the 4 names can be considered outliers as well? Big Grin

That's true. But probably less of an outlier than Tesla. The point of DIY investing (rather than just DCA into indexes) is to find outliers right? Because it's the outliers that drives most of the market returns (Pareto principle).

Holding on to mediocre companies based on cheap valuation, over the long term (compared to swing trade them short-term) is guaranteed to drive mediocre returns.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Reply
Tesla's price
https://twitter.com/biancoresearch/statu...2455084277
You can find more of my postings in http://investideas.net/forum/
Reply
Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here’s what the complaint said

KEY POINTS
In 2021, a Tesla employee and a tech industry researcher filed a whistleblower complaint to the SEC with concerns that Elon Musk’s car company may have violated securities law and flouted accounting standards.

The complaint contained detailed allegations about Tesla’s financials and business practices, including that it improperly categorized repairs and had poor control over internal systems used to capture data that later rolled up to financial reports.

The SEC assigned one person to look at one portion of the complaint, then closed that ticket a few months later, according to records. It never spoke to the whistleblowers nor followed up on their offers to look at more than 18,000 files detailing the allegations, they say.

The SEC declined to comment on the existence or nonexistence of the complaint, but said the agency evaluates all tips that are submitted.

https://www.cnbc.com/2023/10/12/tesla-wh...-said.html
Reply
The Motley Fool Money podcast had a short run-through of Tesla's latest investor day

Here are the notes:

https://adragonhoard.blogspot.com/2023/1...otley.html
Reply
https://sg.news.yahoo.com/tesla-wins-tri...49732.html

Tesla wins trial over fatal crash in US involving Autopilot

A court in the US sided with Tesla in a trial deciding whether the carmaker's driver assistance system led to a fatal crash in 2019.

The 12-member jury in California decided that there was no manufacturing defect in the Tesla "Autopilot" system.

Tesla has been offering this system for several years on all its new cars, which allows drivers to adapt the vehicle's speed to traffic and stay on course in a lane.

They also offer more advanced options like "Enhanced Autopilot" which allows for lane changing and parking assistance, and "Full Self-Driving" which includes slowing down the car when it approaches stop signs and traffic lights.

"The currently enabled Autopilot, Enhanced Autopilot and Full Self-Driving features require active driver supervision and do not make the vehicle autonomous," the carmaker specifies on its website.

This case in California was over an accident in which a Tesla Model 3 turned right onto a highway near Los Angeles, struck a tree and caught fire. The driver died from his injuries.
Reply
https://electrek.co/2024/01/15/elon-musk...g-twitter/

Elon Musk has made a bizarre statement in which he appears to complain about his smaller stake in Tesla and said that he prefers building products elsewhere unless he gets a bigger stake in the company.

The statement is particularly bizarre when you consider the fact that he himself recently sold tens of billions of dollars worth of Tesla stock to buy a grossly overpriced Twitter.

There’s currently some talk, mainly from Musk fans, about Tesla putting together a new CEO compensation package for him.

Musk completed his last CEO compensation plan, which awarded him millions of Tesla shares worth billions of dollars and made him the richest man in the world.

Ironically, the talks about a new CEO compensation package came just as Tesla slashed its own employee stock option plan.

While most commentators don’t seem opposed to Musk having a new reasonable compensation package, the consensus is that since Musk owns 411 million shares in Tesla, representing about 13% of the outstanding shares, that’s plenty of incentives for him to perform as CEO.

Musk claims that he wants more shares in Tesla to have more “influence” on the company’s AI and robotics endeavors:

I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned. Unless that is the case, I would prefer to build products outside of Tesla.

The CEO of Tesla is claiming here that he prefers to build products outside of the company because he doesn’t have a big enough stake in it.

It’s important to note that Musk used to have a much bigger stake in Tesla before his botched acquisition of Twitter.

For those who don’t remember the whole debacle, 2021-2022 were an interesting few years for Musk’s Tesla ownership.

It all started when Musk said he would sell 10% of his stake in Tesla if a Twitter poll would agree, which it unsurprisingly did.

The CEO framed the idea as pressure from the media and politicians about the rich not paying taxes on unrealized gains. He said that he would voluntarily set himself up to have the biggest tax bill in US history.

However, Musk wasn’t as vocal about the fact that he was facing a giant tax bill regardless of his sale of shares, due to a large number of stock options he needed to exercise from his previously mentioned massive CEO compensation plan.

The CEO then used the proceeds from selling his Tesla shares to invest a few billions into Twitter.

He later agreed to buy Twitter and take it private for $44 billion. Musk quickly backed out of the deal despite it being signed. Twitter sued him to force him to go through with the deal, which he ultimately did.

But to pay for the acquisition, he had to sell tens of billions of dollars worth of Tesla stock, which resulted in a significant crash in the stock price.

He even told Tesla shareholders that he would stop selling shares, but then sold more anyway.

Update: Musk added that the only reason he doesn’t have a new compensation plan is due to Tesla waiting for the decision in a court case brought on by shareholders over his prior compensation plan being too excessive, according to the complaint.

Following a separate lawsuit, Musk and Tesla’s board agreed to return over $700 million to the company over excessive board compensation.
Reply
One has to give it to Apple, for overcoming the "sunken cost fallacy". Supply is rapidly decreasing as a result of recent moves but it is probably in response to the demand, which itself has fallen short. The car market is more global than local.

Apple’s EV wind down offers reprieve to Tesla and Detroit rivals

Tesla may benefit the most from Apple’s about-face. The last thing Musk wanted a year after cutting prices on his vehicles by 25 per cent or more was a Silicon Valley rival with the same kind of high-tech appeal, Ramsey said.

“They certainly had the most downside,” he said. “Tesla benefits big time from being a status vehicle. And an Apple EV definitely would be a status vehicle.”

Celebrating the move, Musk on Tuesday (Feb 27) sent a post on X with a saluting emoji and a cigarette.

https://www.businesstimes.com.sg/compani...oit-rivals
Reply


Forum Jump:


Users browsing this thread: 2 Guest(s)