Time to buy TESLA?

[sprite09]

up 7 percent today so far

it will have another run up in the next bull run, but yes ,you need to be able to handle the volatility

 

[stinkynuts]

I sold half of my Tesla stock yesterday, and since then Tesla rallied 3% yesterday and 8% today.

 

[Valcazar]

There were bound to be bumps as some people tried to force a rally or take a big position on the company.

I still expect it to drop below 100.

 

[sprite09]

I sold half of my Tesla stock yesterday, and since then Tesla rallied 3% yesterday and 8% today.

ye never sell when it's red ...this is a bear market ..it is painful but things will get better...Tesla will have its run again

personally if I owned the stock I would just be buying at these lower levels, esp if I bought at a high price...this way I won't need it run up as much to profit in the next bull market

 

[sprite09]

There were bound to be bumps as some people tried to force a rally or take a big position on the company.

I still expect it to drop below 100.

ofc never say never but that would be wishful thinking for many, as traders would to scoop this stock under $100...

$100 would be an extremely strong support level

 

[Valcazar]

ofc never say never but that would be wishful thinking for many, as traders would to scoop this stock under $100...

$100 would be an extremely strong support level

I suspect they would.
Nothing meaningful would change, but all Musk would have to do is say he was stepping down from Twitter and I suspect Tesla would rally.
(That's not even getting into it generally going up due to a rising market.)

I think people could definitely get some value in a bull run from Tesla before it drops again.

 

[stinkynuts]

I suspect they would.
Nothing meaningful would change, but all Musk would have to do is say he was stepping down from Twitter and I suspect Tesla would rally.
(That's not even getting into it generally going up due to a rising market.)

I think people could definitely get some value in a bull run from Tesla before it drops again.

There are just so many catalysts for Tesla to go on a major bull run

1)$7500 credit
2)Musk hiring new Twitter CEO
3)Intro of Cybertruck
4)Stock buyback (likely in 2023)
5)Tesla's new gigafactory announcment in Mexico
6)Tesla ramping up and beating expectations
7)Major development in FSD, announcement of projected Robotaxis in certain cities

Any of these in combination could catapult Tesla to new highs. Once that happens, I am out for good.

I guarantee you this will not be the last bit of drama with Musk and Tesla stock plumetting. It happened before, and he is becoming more unhinged.

When people realize that Musk is a conman and that despite all the futuristic bells and whistles, Tesla is nothing but more than a car company. It is doing well now and has high margins because it is selling cars to the wealthiest Americans. Once that market is saturated, it will have lower margins, much more competition, and reality will sink in. Tesla will fall to fair value: $50 a share. Which still puts it at a very high market cap for a car company that produces 10% of the cars Toyota does.

 

[poker]

As a former Tesla bull who just came to his sense I'm begging you not to invest in this company.
Company is borderline fraudulent.
For instance, they promised Robotaxis in 2020 and said all existing cars could become income generators for owners at the exact same time they were low on cash and needed to sell stock.
Musk just sold a bunch of stock after promising not to sell merely 4 months ago.
Never invest in a company that has no issue compulsively lying about things.
There's like 100 other reasons not to.

Check out these links and maybe you'll come to your senses.

Reddit - Dive into anything

www.reddit.com

Criticism of Tesla, Inc. - Wikipedia

en.wikipedia.org

.

The problem with the robo-taxi thing (which on it own is a brilliant concept)…

If everyone is going to just use Robo-Taxi’s, who then needs a car? Sales drop. The concept from him, works against Tesla.

 

[Pleasure Hound]

The problem with the robo-taxi thing (which on it own is a brilliant concept)…

If everyone is going to just use Robo-Taxi’s, who then needs a car? Sales drop. The concept from him, works against Tesla.

Hi there! I'm JohnnyCab!

 

[Valcazar]

There are just so many catalysts for Tesla to go on a major bull run

1)$7500 credit
2)Musk hiring new Twitter CEO
3)Intro of Cybertruck
4)Stock buyback (likely in 2023)
5)Tesla's new gigafactory announcment in Mexico
6)Tesla ramping up and beating expectations
7)Major development in FSD, announcement of projected Robotaxis in certain cities

Any of these in combination could catapult Tesla to new highs. Once that happens, I am out for good.

I guarantee you this will not be the last bit of drama with Musk and Tesla stock plumetting. It happened before, and he is becoming more unhinged.

When people realize that Musk is a conman and that despite all the futuristic bells and whistles, Tesla is nothing but more than a car company. It is doing well now and has high margins because it is selling cars to the wealthiest Americans. Once that market is saturated, it will have lower margins, much more competition, and reality will sink in. Tesla will fall to fair value: $50 a share. Which still puts it at a very high market cap for a car company that produces 10% of the cars Toyota does.

I agree with all of this.
I am probably more generous than you and think somewhere around 70 would make sense, just because I think it is always going to have some bit of "it was a magic stock once" fairy dust keeping it floating above reality.
But your general trendline here - various forms of ok-ish news being spun into new highs, followed by an eventual crash again when the reality hits because Musk is destroying his rep and ability to spin bullshit.
That all makes sense.
I don't think all of your 7 are equally likely, and there are probably some we haven't thought of, but something like that makes sense to me.

 

[Valcazar]

The problem with the robo-taxi thing (which on it own is a brilliant concept)…

If everyone is going to just use Robo-Taxi’s, who then needs a car? Sales drop. The concept from him, works against Tesla.

No.
At that point you sell the cars to the city, not the people.
In order for Robo-Taxi to work, you need a constantly circulating fleet.
You divert the money for public transportation to Robo-Taxi and that's where the money comes from.

 

[poker]

No.
At that point you sell the cars to the city, not the people.
In order for Robo-Taxi to work, you need a constantly circulating fleet.
You divert the money for public transportation to Robo-Taxi and that's where the money comes from.

The avg guy is in his car 2 hrs a day, maybe.

That’s 22 hrs of sitting.

You would not need to replace every car on the road. Sales drop.

 

[Valcazar]

The avg guy is in his car 2 hrs a day, maybe.

That’s 22 hrs of sitting.

You would not need to replace every car on the road. Sales drop.

That won't be the pitch, though.

Yes, in the real world RoboTaxi is a very stupid idea.
But so are most of Musk's ideas about transport.

They are all hinged on the idea that they are less boring than "public transportation" and lots of people love that shit, because you know who takes public transportation? Poor people and minorities.
So the government money would be there and it wouldn't be based on sales of the cars alone, it would be a contract for the support infrastructure.
Remember, cities were willing to shell out for his vapor-ware tunnel boring company if it meant they would get cool future transport that wasn't actually for the public.
He's lost that magic, now, though, so I don't think the robo-taxi idea is ever gonna land anymore.

 

[SuddenAwakening]

I'm sticking to ETFs. Tesla is too volatile. I know some people who got in early got a nice payday but for me I don't see the value at this time.

 

[stinkynuts]

I'm sticking to ETFs. Tesla is too volatile. I know some people who got in early got a nice payday but for me I don't see the value at this time.

Smart.

 

[Rose11]

Tesla will fall to fair value: $50 a share. Which still puts it at a very high market cap for a car company that produces 10% of the cars Toyota does.

I hate TESLA but can't compare Tesla to other car companies. A normal car company like Toyota or Ford isn't as profitable. Tesla literally prints money in thin air due to high profit margin (Luxury car market). Nobody except Demand managers at Tesla know whether that market is saturated or not. If they can keep selling over priced cars, like Apple sells iPhones, then the stock is a steal. But we don't know. If managers are approving new factories and production lines, then they probably think the demand is there to keep ripping off stupid people (Tesla owners).

 

[Robert Mugabe]

 

[stinkynuts]

Tesla Q4 delivery numbers most likely being released today.

Expectations are roughly 420,000 deliveriies. A moderate miss will send the stock into a tailspin and I think $60 would not be out of the question. Any large beat would send the stock back up, recovering much of the losses. Fingers crossed.

 

[jeff2]

Tesla Q4 delivery numbers most likely being released today.

Expectations are roughly 420,000 deliveriies. A moderate miss will send the stock into a tailspin and I think $60 would not be out of the question. Any large beat would send the stock back up, recovering much of the losses. Fingers crossed.

From what I read, Tesla was trading at 190 times earnings a year ago. Not sure what that figure is now.

 

[stinkynuts]

From what I read, Tesla was trading at 190 times earnings a year ago. Not sure what that figure is now.

38.06, which is insanely high for a car company, which average 8. However, some say it is a tech company, hence the high p/e ratio.