Time to buy TESLA?
- Thread starter Javacup11
- Start date
If you believe in Tesla (which I do), then hold, but hold long term (5-10 years). Expect great returns. It's impossible to time the market.
Just my opinion. Have a look at the 1M chart. There should be a fair value gap that could form as support around $71. The stock has been in a relative free-fall since August 1st. Bearish volume is slightly higher than Bullish volume for the year. "Experts" are finally saying that the US will experience a recession, however it will be short (yeah right). Powell increased interest rates last week - the highest in history. Inflation is still around 7% and Powell wants it down to 2%. So potential for more interest rate hikes early in 2023. If you're itching to buy something in the market, I suggest investing in SPY.
*This is not financial advice. Just an opinion from a rambling idiot. Always do your own research.
I don't like the long term aspects of this company (10 yrs), but it's gonna go back up in the next bull run. so it's more of a swing trade and just gotta be disciplined to sell and not be too greedy ..not sure what your return expectations are.
Take advantage of Tesla like Elon is taking advantage of Tesla.....milk it until it dies, then move on.....
I have some and and have an order to sell @ US$125. or US$200.
I got in long enough ago that I have taken profits and am now in pretty much for free. I never thought it was ever worth the stock price. Just hype. Now that Elon has permanently tarnished his image across so many demographics, political spectrum etc that I think that Cult Premium has gone.
There doesn't seem to be any new exciting models coming on. And people don't need a Tesla, they wanted one. I think the shine has gone.
Having said that, they have excellent technology, especially in manufacturing, And there is a lot in that pipeline. I think they may have longer term value there.
FWIW.... just my opinion.
It's very hard to predict what will happen. It can drop to $50 or soar to $500. It's too volatile, just like Elon.
Its image has certainly taken a hit, and next year's recession will affect all car makers. Tesla should be able to weather the storm, but not without a huge cost.
SOLD!
I am out of Tesla @ US$124.
Did well on this Pop culture Elon Cult gamble but the reality I always knew continues to drive the price down. I won't buy back in at any price.
I am out of Tesla @ US$124.
Did well on this Pop culture Elon Cult gamble but the reality I always knew continues to drive the price down. I won't buy back in at any price.
Although there is a chance that Tesla can bounce back, Elon's neuroses and greed will likely sink it like DeLorean did his company in the 1980s. Most just can't help themselves, but just help themselves to the money.
I think that you made a wise choice here. I guess we can call this the "Twitter Effect" from now on.....
I don't blame you. It really is 50/50.
On the one hand, evs are going to grow exponentially, and Tesla is the clear leader, no one comes close in terms of sex appeal and profitabilty.
On the other hand, there are soo many things can go wrong, and you have a madman at the helm.
Tesla maybe the leader now, but I don't see any new models coming out. People do get bored of their cars, no matter how nice it is. The conventional auto industry knows this.
The early bird gets the worm, but the second mouse gets the cheese.
Personally, I think that the Japanese/Korean auto makers are just licking their chops and learning from Tesla's mistakes. Once they get going, Tesla will not be able to compete. Elon knows this and tried to get as much as could when the time was still right. That time will likely be ending soon. Once Honda, Hyundai, etc. get moving, there is no stopping them, unlike Elon.....
