Again, I just wanted to bring a buried response to Solvent to the top of the comment pile here:
****
Hi Solvent,
You bring up fair points, but in the overall scheme of things, they remain pretty minor. 30,000 cars is a tiny recall, even if it proves a little or a lot more expensive for the repairs as you point out. And Tesla isn’t fighting doing the recall, as many US auto companies do. Witness GM’s unwillingness to fix ignition problems that killed 125.
https://money.cnn.com/2015/12/10/news/companies/gm-recall-ignition-switch-death-toll/index.html
Took GM a DECADE before they finally did a recall. So your pointing to Tesla having a recall is factual - but in the overall scheme of things is a very minor issue that will be resolved.
Also, the thing about Tesla’s suspension problem has been a classic and typical focus of some fringe groups attacking the company for years. These rumors go back to at least 2016 and NHTSA still has 5 star safety ratings on Tesla. You can look up the records of NHTSA’s recalls and investigations here:
https://www.nhtsa.gov/search/safety-issues#investigation
Like any company, there are recalls and investigations - but Tesla has always come out clean on all of them.
There are mechanisms for lodging complaints - which people do when they feel there is a failure - so the lack of statistics, the lack of sustained financial impact on Tesla from supposedly fundamental quality issues, the lack of censure from NHTSA or NTSB or insurance companies, all point to a lack of substance to these rumors.
Also, Solvent, you give a lot of weight to short-term market movements. To each their own - but you should realize that in the short term markets move all over the place - and to assign a net movement up or down when there are millions of individuals making different decisions for different motives - seems a bit of a stretch. Call me skeptical that any one reason explains a rise or drop in a stock price. I don’t deny that the crowd acts like a herd sometimes - but herds are not the smartest things. Crowds are not wise.
Over the long term, markets reluctantly reward a company for their long history of performance (or failure).
That is why I point to Tesla’s long history (now a decade plus) of success - as our best predictor (knowing that nothing can predict 100%) of Tesla’s future.
I know you won’t - but if anything - I would suggest you taking a tiny position (even a fractional share) in Tesla and just forgetting about it for a decade or more. I think you’ll be pleasantly surprised - and it might even be a useful object lesson.
There is Plenty more juice in this orange - keep squeezing duuude!
;)
Best regards,
ScienceDuuude
