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.
Ive missed the boat and no way will i invest at these sorts of prices/valuations. As i think i said before a friend has made well into 7 figures in Tesla and its the only stock he holds!. Hes locked it in for another 10 years, not even free carrying it. Im too old to be taking on that sort of double risk.Its more about protecting my assets these days and growing them a little in a low risk way(although i do have small trading portfolio). Each to his own.
so close to 500000 vehicles, only 450 short. Forecasts are for 800k cars in 2021 now. I can only see the share price climbing, it was up 3% overnight with the Dow being down. With GIGA Berlin and Austin due to open in 2021 production could double in 2022 with over 1.5m vehicles being produced. I know the current share price seems high but could well seem cheap when looking back in 2 years time. I'm trying to buy more in weakness but there doesn't seem to be any at the moment. Share price could reach us$1000 his quarter so don't think you have missed the boat.
One has to wonder where it will stop.
Elon Musk is now the World richest man. Share price closed $816.04 and up another $12.94 after hours. The share price is only going to keep climbing. Sometime this year there could be another share split when/if the price gets to $2000 plus. I watch a video this morning with Jeremy Clarkson test driving a model x, he loved it apart from the price and it beat an Audi V10 in a drag race. Big developments to come in 2021 leading to upscale production in 2022, battery development, reduction in per vehicle price once those factors playout.
Those who think it will be 10 years away that the EV's replace ICE vehicles even here in NZ need to reassess their timelines. I never thought a year ago I would ever own one but liking the new Ford Mustang Mach-E depending on price but if Tesla can produce a modern US$25000 car as per their goal then that would be a world changer.
Yeah it also represents a bit of a shift in business models and understanding of a company. So many "old school" investment analysts never understood it and likewise a lot of people on this board.
I sold 1/6th of my holding yesterday at 758 and just blown away its now got legs to 830.
I wish i had bought more shares when I did. Was scared due to everyone saying its going to pop soon etc but every time i waited it went up another few hundred or so. I bit the bullet and just put a little money in. I think people need to realise that Tesla is more than just a motor company, just like how people thought amazon was just a online book company back in the day.
Are you sure it doesn't make money ?
https://ir.tesla.com/
Try P4 & P24 of the latest release (Oct 20 Shareholder PDF)
and that's just the start on growing Qtrly unit deliveries, Revenues, increasing free cashflow etc ..
;)
Crypto what’s the PE of Bitcoin ?
Wish I'd followed my mates advice and bought a year ago, he's re 1.5 to $2 million up:cursing:t_up::cursing::t_up: