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Tesla stock falls again, toward longest losing streak in more than 4 years

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Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#301

Going 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.

Keep in mind that their PE is driven by heavily gutted R&D spending and inflated car prices. It’s not sustainable in the same way as their stock price wasn’t.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#302

I’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.

Thanks but I really don’t need advice, I’ve been doing this for a while now. I scale in and out of all my trades, I’ve booked a lot of my profits at this point.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#303

Earlier quoted context omitted.

Someone who's dependant on us goverment contracts defense/nasa really shouldn't be interacting with high ranking russian officals.. even if it's for the lulz espcially since the us has sanctions targeted at medvedev by name, it's no joke

To be fair that's one of the good(?) parts of Twitter. I'm not sure if he's personally sanctioned but the former president of Iran also strangely likes trolling American politicians and commenting on sports. Sometimes gets replies from their social media interns. https://twitter.com/Ahmadinejad1956/status/10372992643161661... https://twitter.com/Ahmadinejad1956/status/10521783680729456... Actually I'm surprised Irani…

I thought Ahmadinejad1956 was a parody account

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#306

I’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.

[deleted]

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#307
post #284

Earlier quoted context omitted.

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 sti…

Uh, they already have debuted, and not even this year

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#309

It's time to fire the CEO. Musk is like the Manager who brought a club from 3rd division to the Premier League, but he was paid spectacularly and the club doesn't owe him nothing more than a fair handshake and a great send-off with a guaranteed spot in the club HOF. It's time to thank him and bring in an adult who can guarantee a top-4 Champions League spot consistently season after season, otherwise the club will fo…

But then Eddie Howe moved to Newcastle and is on track to get them into the coveted Champions League spots... Is that a risk you wish to take?

Elon Musk is not at risk of taking anything anywhere.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#310

I’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.

Other than tax differences (minor and mostly not applicable on the short side), I think that’s the wrong way to think about trades.

If you have reason to invest on the thesis that the stock will go down to $68 from $109, being short from $105, $150, or $300 is all the same at this point.

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