Lost 2 Twitter worth since Musk took over.
Tesla stock falls again, toward longest losing streak in more than 4 years
291–300 of 387 posts
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#292I’ve been short since $300. I predicted $100 but now I think it could hit $68. We shall see!
If you're currently making $200 a share, why would you risk your $200 profits to chase another $30 to $40 bucks/share?
I say, just take your win and go home. Close out your short and buy yourself a nice dinner. You deserve it.
EDIT: Maybe hold onto a few shorts for fun. But if you're already winning this hard, you really should just take profits. Its not like you can get much more profits out of this.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#293I’ve been short since $300. I predicted $100 but now I think it could hit $68. We shall see!
Bears make money. Pigs get slaughtered.
Careful.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#294Maybe I missed it, but what I don’t see mentioned in the comments is the biggest change from four years ago: light at the end of the tunnel. Four years ago Tesla was in the throes of model 3 production and had the potential of huge demand once they got going. Where are things now? Other automakers have responded with alternatives. Good ones too, you can buy a Hyundai for a similar price and according to consumer repo…
The next step should be an affordable car (colloquially dubbed model 2). Also TM3 can go much lower with the price. Tesla has the highest margins of all automakers by far.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#295Remember, narrative follows the price. I've never touched the stock because it's been a very, very, very overpriced stock for a while. If it came down to a reasonable multiple, only then would I consider buying it.
Narrative can definitely shape price at least in the short/medium term.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#296Musk confronted Bill Gates for shorting Tesla [1] then proceeded to sell tons of TSLA himself. What a hypocrite! He is still selling TSLA, most recent sale was 12 days ago for $3.6 billion. [1] https://www.cnbc.com/2022/04/23/elon-musk-tweets-that-he-con...
Dude overplayed his troll hand and now he's selling off his cool company to shore up funds for his troll company.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#297Going by its P/E, its still overpriced compared to every other car manufacture, but its getting back down to a rational level. Its only 6x Ford and GM and about 4x Toyota.
I always used to laugh when people would bring up battery tech and solar when talking about TSLA's absurd valuation, but I think it's starting to become more relevant as it approaches a more realistic market cap. It's still too high though.
Yeah, if it was 2x or 3x Ford, I'd consider it a stronger buy. I think the real test will not be its P/E, but how the other big car companies debut their EV and driver-assist (or driverless) tech. It just feels like Tesla is still the market leader in that tech. If someone else beats them at that game, it would not be good for their stock price.
But, conversely, if they stay on top, maybe that high valuation will stick around.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#298Going by its P/E, its still overpriced compared to every other car manufacture, but its getting back down to a rational level. Its only 6x Ford and GM and about 4x Toyota.
I always used to laugh when people would bring up battery tech and solar when talking about TSLA's absurd valuation, but I think it's starting to become more relevant as it approaches a more realistic market cap. It's still too high though.
Tesla's first mover advantage is losing to the traditional car companies.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#299Going by its P/E, its still overpriced compared to every other car manufacture, but its getting back down to a rational level. Its only 6x Ford and GM and about 4x Toyota.
I always used to laugh when people would bring up battery tech and solar when talking about TSLA's absurd valuation, but I think it's starting to become more relevant as it approaches a more realistic market cap. It's still too high though.
Their solar is shrinking/stagnating for years and it’s not a high margin business for a start - competition is brutal. It’s utility at the core - they always operate on razor thin margins.
For batteries, they still mostly just buy from suppliers.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#300Short term we may see the price drop a lot, but long term it's never a great idea to bet against Elon Musk