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Ford has lowest valuation of major automakers. Rivian backed by Amazon and Ford has not sold on truck yet but planing IPO valuation above Ford, Honda, BMW, GM, etc. Pretty crazy!
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Yeah, I thought that when I bought in at $9, and it continued to fall. Took me a while to get back to where I could break even. Losing the dividend didn't help, either.F under $15 is a BUY. I'll continue to pick some up as long as I can. Sure, you could wait and maybe see ~$12 again, in that case, I'll just buy more though.
Tesla is what happens when world governments keep dumping bulldozers of cash at their front door for existing. All the other auto manufacturers have basically been forced to pay Tesla huge sums of money to satisfy laws created in their favor, so Tesla couldn't go bankrupt if they tried. Think about it, not only is almost everything Tesla does hugely subsidized and often tax free but they've been paid $1.7 billion by automakers like GM as "carbon offset credits". Every time you buy a new car, you're also paying Tesla since the costs are passed on to you. And every time someone buys a Tesla, you're also paying Tesla because of tax credits.Tesla isn't just a car company.
Yes they positioned themselves well to take advantage of opportunities that are/were out there, not Tesla fault. That is why they are a interesting to watch Lets not get into heavily subsidized companies. The US car market wouldnt exist today if they werent subsidized by us just a few years ago. Only Ford would be left and that is why I would only look at a Ford for US car companies.Tesla is what happens when world governments keep dumping bulldozers of cash at their front door for existing. All the other auto manufacturers have basically been forced to pay Tesla huge sums of money to satisfy laws created in their favor, so Tesla couldn't go bankrupt if they tried. Think about it, not only is almost everything Tesla does hugely subsidized and often tax free but they've been paid $1.7 billion by automakers like GM as "carbon offset credits". Every time you buy a new car, you're also paying Tesla since the costs are passed on to you. And every time someone buys a Tesla, you're also paying Tesla because of tax credits.