Seems the olā refresh and cancel trick doesnāt work on ft.com, canāt read it
Google the title and click the first resultā¦
I got it from Google finance
Tesla heading towards +2000% from 3000% ahhhh
Is now a good time to buy? Or does the dip have further to fall ?
My boy if I knew that, Iād be a millionaire
Isnāt the the answer that everybody wants?
DYOR and do not rely on someoneās opinion. There is a 100% chance of them being (in)correct
Hi @Simonsays welcome welcome welcome
Tesla is a tricky stock to discuss because itās become a narrative stock, by which I mean the story has been far more important that the fundamentals. When this happens youāre really only one tweet from Elon to move the stock 10% either way.
If you choose to buy just remember that owning stock shouldnāt be an emotional decision, if you genuinely believe in the company donāt worry about timing the bottom too much.
Good luck. Itās a rollercoaster owning this one.
In my opinion, it depends what you think the value of the company is and whether itās a good price.
Agreed. With 30% gross margins and management guiding 50% sales growth for the forseeable my personal feeling is that the fundamentals are in a pretty good place. We are way past the point where Tesla was a āstoryā stock. They have scaled to be a massive global operation with huge resources and depth of talent. The share price will continue to be erratic while we live through such uncertain times but for Tesla the direction of travel looks clear to me. Appreciate that others view it differently though.
I try to look past the price and think about the company. If it has a good future (and I believe that Telsa DOES have a bright future), then the value of the company will continue to rise.
As has been stated before, there will be local price rises and falls as the wider markets react to the overall economy (COVID, tax changes, etc) but in the long term this company will make a difference and will grow, IMO.
I completely agree but recently sold my holding at $1050. Tesla defies any fundamental analysis Itās been trading at a P/E of 10x Apple, Microsoft or Google recently.
I admit I did sell some of my holding recently when the price dropped dramatically but I continue to hold quite a few shares.
I like Tesla and for his flaws Musk too. Iām a huge fan of Space X and own Ā£SMT partially for the 1% exposure. However investing isnāt like a sports team.
What do you mean?
Following a sports team is about blind loyalty and cheering on āyour teamā to the detriment of others.
It is possible to be a fan of a company while not wanting to own shares because you think itās too expensive. Iāve got a huge amount of time for Mark Bennioff and Sales Force but I canāt sign up to 135 trailing P/E.
Iāve given up on trying to rationalise whatās happening with Tesla. Iāve said my piece on this thread and I donāt think it adds value to the discussion for me to keep saying the same thing.
What I will say is that Teslaās fall from its peak seems broadly in line with the green stocks that I hold. It actually seems at a first glance to simply be behaving normally, which in and of itself is an unusual thing to say about Tesla.
The fundamental difference though is that most green stocks are unprofitable and are relying on debt or future investment, plus good R&D and good general business decisions, to turn what they have into a viable business. With Tesla most of the above is not applicable, they simply need to turn the advantage they have into a scaled up business and figure out how to hold onto that share.
If you were trying to analyse Tesla rationally you would say that the high likelihood of this happening is already priced in, however if that were the case this would not explain Tesla dropping in line with the market.
I thought thatās what you meant but itās good to have it explained fully.
So Elon has finally sold all his 10% stake will it start climbing again now