Re:Tesla Q2 2019 Letter
by Despegar on Wednesday July 24, 2019 @05:21PM
(#20519857)
Tesla's stock has massively under-performed over the past 5 years (will be up 8% over that period if the after hours price action holds). The opportunity cost of owning it has been huge while the rest of the market ripped up.
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Re:Tesla Q2 2019 Letter
by greglindahl on Wednesday July 24, 2019 @05:23PM
(#20519892)
Yes, if you pick the most embarrassing time period for a given stock, it probably massively under-performed. Alternately, you can pick the most flattering time period.
It was a statement about a 5-year period in a stock issued just a few weeks longer than 9 years ago. Are you seriously making a cherry picking argument?
Re:Tesla Q2 2019 Letter
by greglindahl on Wednesday July 24, 2019 @07:13PM
(#20521054)
The period chosen misses a 10x run-up just before it.
Its under-performance over 2 and 5 years explains why it's been such a great short. Investors like Chanos have a basket of shorts so any one stock ripping up would hurt but wouldn't kill them. And the shorts ultimately let them be even more net-long the market.
As a non owner of a vehicle or stock... I don’t see a reason why the average interested watcher should care. There’s significant speculation and huge financial forces putting unusually large efforts to push this stock up or down.
Personally I don’t think it matters or changes the likelihood that they’ll eventually succeed or not succeed.
Re:Tesla Q2 2019 Letter
by almost_usual on Wednesday July 24, 2019 @05:34PM
(#20520014)
Up 8%? It's down 10%+, what made you think it would go up? Rest of the market ripped up? The S&P is up 20% this year while Tesla has gone down 20%.
Edit: >The opportunity cost of owning it has been huge while the rest of the market ripped up
The S&P is up over 50% in five years. TSLA could go up 20% tomorrow (and ignore today's after hours change) and the S&P would still be outperforming TSLA.
He was using "ripped up" as a positive term, I assume synonymous with "Shot up" or "went up". You're agreeing with him, both of yall are saying Tesla has massively underperformed the market
Re:Tesla Q2 2019 Letter
by almost_usual on Wednesday July 24, 2019 @06:15PM
(#20520521)
That makes a lot more sense, I interpreted "ripped up" as "torn to shreds".
He meant up 8% over the five year period.
Re:Tesla Q2 2019 Letter
by almost_usual on Wednesday July 24, 2019 @05:47PM
(#20520156)
>The opportunity cost of owning it has been huge while the rest of the market ripped up
Still doesn't make any sense. The S&P is up over 50% over five years. Outperforming TSLA by almost 3x (including the after-market change it is 5x).
No, that’s exactly what “opportunity cost” means.
Re:Tesla Q2 2019 Letter
by simonebrunozzi on Wednesday July 24, 2019 @06:25PM
(#20520602)
I think the term we are looking for here is "alpha" [0], and you want a "good" stock to generate "alpha" in respect to the overall market.
You and the parent comment are in agreement, I think you misunderstood their comment.
Re:Tesla Q2 2019 Letter
by eanzenberg on Wednesday July 24, 2019 @05:39PM
(#20520070)
Sheer will-power