Comments by "annoyed aussie" (@annoyedaussie3942) on "Chris Norlund" channel.

  1. I'm Australian and have mixed feelings with both the US and China. The US is Australia's largest investment destination and China is Australia's largest export destination. So we are heavily intertwined with both countries on an economic basis. I don't like China's and US's interventionist behaviours in smaller countries by both their governments and big corporations. The US has a long term record of literally destroying smaller countries for geopolitical purposes, China is a more recent participant in such behaviours with a lot of belt and road initiatives designed to gain power over countries by bankrupting them.
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  2. Tesla likely has what I refer to as a corruption premium built into the share price. It's likely overvalued.
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  3. If tariffs come in as promised on day 1 it'll be a lot quicker than that.
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  4. The biggest problem is it wasn't designed as a commercial vehicle. A commercial vehicle should be low cost and highly functional. But it's been built as a show off vehicle and expensive, way out of the range for genuine commercial use.
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  5. The value of Tesla is based on corruption premium, I have seen that in another country where I outperformed the market at the time by ignoring the corruption premium and buying other companies based on intrinsic value.
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  6. You chose to omit Chinese sales of Tesla actually increased last year. China probably considers Musk a geopolitical asset, in other words the moment Trump tariffs China Chinese leaders will suggest people don't buy Tesla. Pretty sure Musk is aware of this and the Chinese hope is he convinces Trump to only apply small tariffs.
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  7. Tesla being expensive and having a massive recall in China , Tesla's only major market that increased Tesla sales last year. All other major markets Tesla had a decrease in sales. Now in the US those on the left side of politics who are more likely to buy an electric car will look to other brands and a large chunk of the right wing people in the US either don't trust electric vehicles or can't afford them. While Tesla might increase sales somewhere in the future there's no possibility of getting extraordinary profit margins around 20% into the future when many other brands enter the market.
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  8. The only major market last year where Tesla increased sales was China. The Chinese government hasn't done anything against Tesla, however I predict that will change if Chinese exports to the US are all hit with 60% tariffs. Musk supports a trade war surprisingly.
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  9. Tesla is trading on a PE of 50 or so which is a ridiculous valuation.
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