Tesla stock 😢
I bought the Tesla stock when it was at $242, but currently, it's down to $171. I'm a bit concerned about its fluctuation. What are your thoughts on the potential for Tesla stock to rebound and increase in the near future? Any insights or analysis would be invaluable. Thanks in advance
Right off the bat I'll say that I am a long-time Tesla bear and not a huge fan of Elon's lies to pump his stocks/coins, so that's my bias. My personal thesis is that this is the year we will see a reckoning in Tesla's stock price. It is currently the highest valued car company in the world by a wide margin but I see multiple tailwinds coming together: - EV competition is more than ever. So many cool EVs out there to choose from now. Tesla no longer the only great option. - EV demand is plateauing. Tesla is slashing prices to try to synthesise demand but it doesn't seem to be working. Revenue growth from EV sales is the lowest it has ever been. This is not a good thing for a company that has a ton of growth priced into the share price. - I'm seeing Tesla ads on YouTube non-stop. This is after Elon used to boast about Tesla having a $0 advertising budget. https://twitter.com/elonmusk/status/1129924410339495937 - Let's be honest, Cybertruck is a joke. I think demand to actually buy it for that ridiculous price isn't all that high, and it's just not a practical product. - Full self driving has fallen out of favour. This was, according to Elon, the unique feature that would be the difference between Tesla being worth $0 and $1T. And these days you hardly hear about it. It still sucks. - The robot is a joke and nothing more than another gimmick to try to pump the stock. I think the market is slowly realising that Tesla is a growth stock with very little growth. It is a good business to be fair, but it's not a $1T business in its current state. I'm sorry if my assessment rubs salt into the wound of your losses. I hope for your sake I'm wrong. I missed the chance to short Tesla at the $230 mark at the start of the year because I wasn't paying enough attention. I'm hoping for a bit of a bounce and then I might buy some puts.
Thank you for taking time and answering my question
Deep value stock. Tesla is not a car company.
I bought in 2014. No Ragrets
- High interest rates are not good for car companies - Tesla fsd progress is less than desirable - it doesn’t feel like the ceo is focused on the company
Have anyone heard of bonds investment?
per cathie wood, it would reach $1000 in 5 years. so 5x. just keep DCA when it’s down.and hold
She knows fuck all
hey tesla she is one of few strongly believed in tesla have some respect