Investing General Discussion

Jysin said:

So NVDA got hit by a double upgrade from HSBC, hence the strength today. Funny thing is, if you dig below the surface, you realize the analyst behind the upgrade has a 14% success rate and -16% avg return on his calls. But hey, fuck it ... AI AI AI mania has set in!

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WTF? Wow.

Jysin said:

So NVDA got hit by a double upgrade from HSBC, hence the strength today. Funny thing is, if you dig below the surface, you realize the analyst behind the upgrade has a 14% success rate and -16% avg return on his calls. But hey, fuck it ... AI AI AI mania has set in!

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He's only 14% away from being the next kramer.

Those clowns are everywhere.

iirc there was a clown at goldmansachs that had a sell rating on AMD the entire time AMD went from $10 to $80+.

Yeah I have a coworker who bought Tesla whatever for about $100k and even in Austin here its priced around ~$60k now. He bitches about this daily.

I make sure to remind him that I drive an $8k 10 year old Mazda that drives just fine.

Jysin said:

Tesla has cut model 3 and model Y prices late yesterday. Strange thing to do right before earnings. This makes it the 6th price cut of the year!

Tesla Shares Drop as Musk Cuts Prices Again Ahead of Earnings

Tesla Inc. is cutting prices in the US for the second time this month and just ahead of its latest earnings report, further demonstrating Elon Musk’s willingness to sacrifice profitability for demand.

www.bloomberg.com

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He raised prices insanely high during the Covid fuckery. He is now incrementally lowering them back down and forcing his competitors to do the same. I will say as anecdotal evidence that I spent the last 10 days between NY and Florida and the amount of M3s I saw clogging up supercharger stations was insane. Those little fucking sedans are like cockroaches now. Having to wait in line to charge at some rando supercharger location in bumfucked NC blew my mind.

I know I live in Austin which is both a hipster faggot paradise in addition to having our own local Tesla gigafactory but even I am stunned with how many Teslas are on the road.

Teslas are by far the favorite way for Indians to show off their status. There are 5 Indians in my neighborhood. Every single one of them drives a Tesla.

Jysin said:

Tesla has cut model 3 and model Y prices late yesterday. Strange thing to do right before earnings. This makes it the 6th price cut of the year!

Tesla Shares Drop as Musk Cuts Prices Again Ahead of Earnings

Tesla Inc. is cutting prices in the US for the second time this month and just ahead of its latest earnings report, further demonstrating Elon Musk’s willingness to sacrifice profitability for demand.

www.bloomberg.com

Click to expand...

Called my cousin last week (who sells me all my trucks) bc I saw they dropped the price on a RAM limited by $4k and he said to hold off for 3-6 months bc it’s gonna drop way more.

He told me RAM called all their dealers last week and told them that they’re basically gonna be dropping everything $10k-$15k while adding features. Apparently in their haste to keep up w rising used car prices they priced themselves out of new buyers. Prob a broader trend across all dealers.

So, Tesla price drops aren’t surprising in light of that.

[edit] To put it in perspective, he bought a Jeep for his wife for like $80k and that same model is going to have $10k of additional feature and sell for $5k less in six months. So, roughly a $15k difference.

VIX sitting around 16.25