The above graph and commentary are from the WSJ on the week's action in auto stocks. [bold added]
As traditional car giants sputter, Tesla is in the lead. General Motors Co. and Ford Motor Co. gave tepid outlooks for the year ahead to investors as they deal with weakening demand and rising labor costs. Meanwhile, investors are gravitating to upstarts like Tesla, whose valuation soared in recent days to more than $130 billion—higher than that of GM, Ford and Fiat Chrysler Automobiles NV combined. Telsa shares gained 20% Tuesday.When we left for Honolulu on Tuesday, TSLA was taking off like a rocket ship. It's fallen sharply but still finished 15% higher for the week.
I checked out the Tesla store at Ala Moana. The displays are more polished, and the products are, as expected, more advanced, than they were three years ago in Palo Alto.
Within the next five years we'll probably swallow hard and buy the Powerwall battery storage, the solar roof, and the car.
For an outlay in the low six figures we'll not only be independent of PG&E but more importantly signal our low-carbon virtue to the neighbors. A red Tesla, like the one in the showroom, will do the trick.
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