I bought the dip too
Interesting automotive industry update. Bloomberg think Porsche could fetch €110bn. Ferrari trades at €32bn with 7 times less sales and over 4 times less EBIT.
Tesla back down to below 700 in premarket.
As of 9:40AM EST. Market open.
The day of the slump.
Tesla has been on a downward trajectory well before today.
They are 23% down on their year high
Damn Tesla - you are falling hard!
Everything seems like its falling hard other than travel companies
Never a dull moment with this company! Still a great bet for the future though. Massive new factory in Germany nearly built, massage new factory in Texas not far behind, massive new EV stimulus brewing in US, on track for $50 billion in revenue this year. I could go on. Future never been brighter for this company.
$670 BN marketcapitalization, it’s up in pre-market. The hard corrections in the markets are happenin faster thanks to Robinhoods , they used to take weeks and months. Next bull market on the horizonn
I’ve gone with a fair wedge hoping the pre market doesn’t go too far through the roof. Approx $700 as a long term investment seems a reasonable price.
I’m no expert though, completely new to all this… seems like always a good idea to state this!
How do people feel about TSLA’s current stagnation - seems to be sticking a bit at this price. I’m in it for the long term, but it has been interesting to see the pull back recently. Certainly positive things on the horizon, the India announcement got my attention. Seeing Audi step up their game is interesting, but nobody seems to come near TSLA’s range and bang for buck.
Not worried at all personally. You need to expect volatility with this stock and after a year of staggering gains, a bit of plateau or decline is to be expected. Im still expecting the share price to grow nicely each year but not necessarily 700% a year! So much good stuff on the horizon this year. Next phase of Shanghai factory ramping up, Berlin factory completing, Texas factory completing, progress with their in house battery, progress with full self driving, huge sales figures likely for Q3 and Q4, new markets opening, new products launching, big progress likely for Tesla Energy… I would be very surprised if the share price doesnt reach new highs at some point in the next year or two. Just my two cents though.
It’s certainly my main quandary at the moment, I brought £4k at $700 but constantly spooked about the ‘bubble’ stories… I know long term Tesla will do well and likely end up way higher but the temptation is there to sell now and potentially rebuy at a severe dip (should it happen). I don’t have other funds to buy/average should it dip at the moment.
On the other hand if it never falls I don’t fancy having to rebuy in at $1000+
Even with a fall of value in 2021, Tesla is still worth more than all the other major car manufacturers combined.
Obviously, this is not remotely realistic, but it is true.
Exactly Han - the numbers don’t lie and they are absurdly overpriced. I know their future looks great and Tesla is a unique company but at some point I think the market is going to see sense with the price and it will adjust.
And on that note, as they say in dragons den… I’m out… loss of 1% on initial investment but at the ready should it drop to a much better value.
HOLD the line, this is a great company, it will be much higher.
Taking a batter(y)ing today
Was thinking the same. My Tesla holding is now down 18% aha…
Although I’m now thinking… it’s back at ~600 … buy more ? Hahaha
i’m 30% down so i pull out? worried
Up to you really. Wouldn’t sell on a loss, but also, I’d only sell if you have lost faith in Tesla to rebound in the future etc.