Yeah, it is definitely been a gut punch lately, but I think we all have been expecting it. I have faith in the company, and I hope that it grows into its valuation quickly to continue a healthy upward trend.
Did anyone get the bottom? I wanted so bad to make a move at $566ish, but was busy, would have to move money, and most of all have been bitten by greed especially on tsla, too many times since last month and was scurred!!!! my plan was 10k Divided. Half in shares and $5k at the farthest ATM call, i could afford. Prob 2 weeks out. Lol I expect to be cussing or thinking myself as a prophet, on monday.
just so happens that i have some scalping cash laying around. will be watching very closely next week.
Two days ago, Ron Baron indicated he feels Tesla will triple in 10 years. Specifically, he indicated a target price of 2T. Mr. Baron is bullish on Tesla so this is an optimistic target. Triple works out to 11.5% compounded annual return. My value to this group is rapidly diminishing, as I write the same thing several times on a few topics. 11.5% annual return is no big deal, particularly for a non-distributing company. I remain a Tesla bull. It remains a good investment for many people. The reason I left the position is because I feel I can do as well or better elsewhere with companies that regularly distribute cash for retirement. It had nothing to do with a pessimistic outlook on Tesla. As for buying back in, I watched $550 come and go without taking action. I am now focused on other companies.
I like the optimism and the market cap fo $2T is not impossible, but we have yet to see how other EV's may effect this projection. Tesla has a great head start, but that does not guarantee market dominance 10yrs from now.
Referring to Tom's post. True,at your age it is a wise decision. You basically bought at near bottom pre-split and sold near top. Very smart business decision. I was late to the party and bought at the top, my advantage is unknown to some. I write a weekly call STO above a PPS that is highly unlikely to hit,it almost guarantees to explre worthless for the buyer. I then can play the put side BTO way down the chain and almost guarantee to Make some change. I think we see more downside overall, but tempted to make a few snipes on other positions I liquidated this past week. I'm a believer in the yield curve and the metrics behind it.
Historically, Tesla have been champions at pumping interest in the product and stock by relentlessly announcing products. The last couple of years, they have been more focused on actually producing product. I think we're about to enter into another flurry of product events. That might buoy the stock price but don't be foolish and rely on me for trading advice. Upcoming events (in order I suspect they will be released): S Plaid first deliveries within 14 days (X Plaid to come later?), CyberTruck v2.0 design unveil, FSD early release by summer (lots of betas and a release candidate or two between now and then), 25K hatch unveil (late fall), Small run of semis in the late fall, CyberTruck production start late in the year). I'm not sure if they will announce they are ramping up their own battery production or if it will just happen quietly. I suspect the latter but we will notice a lot more Tesla vehicles hitting the road when they are producing at 10 GWh and beyond. The S Plaid deliveries doesn't seem like a big deal but it's going to create a huge buzz, as it is expected to own all performance metrics.
I was a bit cagey on the S Plaid. There is drone footage of S Plaid with protective film, being stored in the parking lot. I believe they rolled off the assembly line on Friday and are ready for delivery. Actual delivery is a mystery to me but I doubt they will want those cars sitting there for long. That's why I suspect within two weeks. More likely they are delivered tomorrow.
Bought the dip Tesla is plugging a secret mega-battery just outside Houston into Texas' grid https://www.houstonchronicle.com/bu...-Into-the-16008776.php?cmpid=gsa-chron-result
Bought the dip yesterday and it worked out well. CPCA (China Auto Industry Body) reported Tesla China has sold 18,318 units of its vehicles in Feb 2021, which were made at Gigafactory Shanghai. This represents an impressive 18.3% MoM growth, especially considering February has only 28 days. New Street analyst Pierre Ferragu upgraded Tesla (TSLA) to Buy from Neutral with a $900 price target. He sees "more and more tangible indications" that Tesla has ample room to grow deliveries in the next two years and his forecast implies Tesla could deliver $12 of earnings per share in 2023, which Ferragu noted is more than 50% over current consensus expectations. With its Berlin and Texas factories ramping, Tesla should reach 2M unit capacity by the end of 2022 and quadruple deliveries in three years, the analyst estimates. In addition, he sees the acceleration of EV deliveries in Europe as centered on the low end and thinks in the premium segment, "Tesla remains unapproached."
