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The market for Tesla's overpriced vehicles isn't that big. The masses cannot afford them. And many that can (like myself) don't want them. Only members of the "global warming Tesla cult" buys what they're selling.
I know a dude that paid $57,000 for a Model 3 (it's like a $19,000 Honda Civic). Then he spent thousands for a home charging station; and then $22,000 for solar panels. All on credit. Well over $80,000 (and paying interest charges monthly). The moron brags about "saving money on gasoline". So funny!
The recent euphoria in Tesla shares will be short lived and ends in disaster.
Anything to justify one's wants, right? We tend not to question things that agree with us, and people are eager to sell these things to anyone with money or credit to burn. Deadly combo, lol.
The market for Tesla's overpriced vehicles isn't that big. The masses cannot afford them. And many that can (like myself) don't want them. Only members of the "global warming Tesla cult" buys what they're selling.
I know a dude that paid $57,000 for a Model 3 (it's like a $19,000 Honda Civic). Then he spent thousands for a home charging station; and then $22,000 for solar panels. All on credit. Well over $80,000 (and paying interest charges monthly). The moron brags about "saving money on gasoline". So funny!
The recent euphoria in Tesla shares will be short lived and ends in disaster.
This from a guy who keeps lying about the state of his short position in Tesla.
People who said Tesla don't understand the stock market. Hype is everything and TSLA will survive just because of it's rediculous market cap and being able to sell stock to gullible suckers at insane prices due to the way human emotion affects the stock market. The stock market is really a market for the top 5% and the top 5% throw their money at Tesla as a matter of status. There's a big disconnect between joe blue collar middle class and the top 5% Hollywood crowd that run the media.
It's best not to fight good name recognition and positive media coverage when it comes to the stock market. It's the same reason you don't want to go shorting Beyond Meat (BYND) and any other company that has hype combined with a product that markets to a progressive, upper class crowd.
US Fiat 500/500X/500L sales have cratered. They've fallen off by about 90% from their combined peak about 5 years ago. Of course, it's a global car company, and Fiat didn't have any US car sales 10 years ago. Still, this can't be good, and I believe Chinese sales for Fiat have encountered similar drastic reductions.
Once the "cute" factor wore off and people realized that Fiats are the same unreliable pieces of crap that they were when they last graced our highways, sales went in the tank. My sister had an X1/9 years ago, and that thing was in the shop more than it was on the road, and everything had to be ordered from Italy.
I guess you haven’t herd that Chrysler Fiat has merged with PSA so you’re assumption is wrong research before making broad statements.
Citing increased cost-saving efficiencies Fiat Chrysler Automobiles and French automaker Groupe PSA have announced an agreement to merge, forming the fourth-largest global automaker by volume and third largest by revenue.
“This is a merger between two healthy companies,” said PSA Chairman and CEO Carlos Tavares during a conference call with financial analysts. “We are not only proud but very excited about creating this new company that is going to deliver a new leader for a new era in sustainable mobility.”
Chrysler merged with Daimler-Benz in 1998... there was the same sort of optimism going into that. Guess where Chrysler was a decade later? Bankrupt for the second time.
Chrysler's history always repeats itself. It's been the same see-saw pattern for at least 50 years. I question how many more cycles the company can last.
Chrysler merged with Daimler-Benz in 1998... there was the same sort of optimism going into that. Guess where Chrysler was a decade later? Bankrupt for the second time.
Chrysler's history always repeats itself. It's been the same see-saw pattern for at least 50 years. I question how many more cycles the company can last.
Chrysler didn’t merge with Daimler it was to keep it out of the hands of Kirk Kerkorian.
The real impetus for the merger, however, may have been more elementary. At the time of the deal, billionaire investor Kirk Kerkorian was trying to gain control of the company. Then-Chairman Bob Eaton, determined not to let Chrysler fall into Kerkorian's hands, found Daimler-Benz instead.
Billed as a "merger of equals," the $36 billion deal turned out to be anything but, analysts said. Soon, control of the combined company fell to Daimler Chairman Schrempp.
So to say it was a merger is not true.
And fiat Chrysler is doing very well uaw employees are very happy again.
Fiat Chrysler announced Thursday that, based on the company’s 2019 financial performance, UAW-represented employees will receive $7,280 in profit sharing this year.
Once the "cute" factor wore off and people realized that Fiats are the same unreliable pieces of crap that they were when they last graced our highways, sales went in the tank. My sister had an X1/9 years ago, and that thing was in the shop more than it was on the road, and everything had to be ordered from Italy.
Yup... if a long established (50+ years) car company has always built crap, they’ll keep building crap. Fiat was founded in 1899, built crap decades ago and still build crap. Chrysler was founded in 1925, built crap decades ago and still build crap.
With the extremely costly push for EV and Autonomous vehicles , I'd expect to see more "collaborations" , similar to what GM and Honda are doing. As far as major companies going under... I'm not sure. Maybe some discontinuation of brands, like Buick.
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