been a pretty crazy month, will probably break $700 soon.
My initial $6k investment back in 2019 is now worth just over $60k
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been a pretty crazy month, will probably break $700 soon.
My initial $6k investment back in 2019 is now worth just over $60k
Alot of competition coming ,52 new EV's coming in USA source CNBC .Tesla have alot of IP etc though, leading the pack atpit.For how long?
You'd think so Poverty but the cult of Musk is large and he has a midas touch.Seems priced for perfection and feels too risky at these elevated prices but thats ME and what do i know, zilch really.
it will surge when Apple fails
People don't get that making a great EV isn't that hard
Making the factories and infrastructure to mass produce it and make it cheaply is the hard part.
And going back to the "making a great EV" bit... this is going to super hard to do given the lead Tesla has. Unless apple someone catches up, and then literally dumps 10's of billions into making plant so they can make those EV's. Thats a fn huge task.
Watch the end of year delivery numbers. They will surpass the 500,000 barrier and will rally to new highs, combined with Cybertruck,the Roadster & the smaller affordable hatchback in 2021/2022 you have the ingredients for $1000+ SP in the next 6 months.
Tesla produce more than EVs, they are primarily a tech company. EVs, HVAC, Solar, Battery storage, etc. The other EV hopefuls will not be able to scale in a timely manner to directly compete with Tesla in the major markets. The worthy competition come from the likes of NIO, Xpeng, Workhorse, Lucid and a few others. Tesla is by far the leader and for the next 10 years, maybe after that things will tighten up.
I'm seeing Tesla taking over 1 or more major automakers in the next 5 years. Lets see what happens, for now as an investment TSLA has treated many very well and there is still plenty of opportunity to profit from the growth of this company and its SP.
Disclosure: I do own TSLA. My opinion is based on my bullish 5-10 year growth forcast, not short term trading spec.