TSLA is bound to touch down to sma50 and then change course. Cathie team is intelligent to sell at $880 and bought back at $794, but still growth will be slow.
I like to screw around with @manch. Browsing through web, see many EW counts to over $1000 I didn’t do any. So no basis to agree or disagree with them.
Whatever, lost 5% which is covered by trading profit easily. I sleep well which is critical for a man of my age according to you. So from the health perspective, I am doing the right thing.
The price of a company = sum of future earnings equated to current year (by inflation factor).
Unless there is a fundamental growth is increasing (accelerating), TSLA can not go up and up. The simple way for banks/market is to bring down its market cap below its value and bring up kind of swings !
Anyway, in short, TSLA momentum fades away.
Personally, I do not hate TSLA, but I do not want to think investing TSLA as a company for me.
A millennial who bought TSLA@$400 is pumping TSLA. So long there are more millennials jumping in to buy at current prices, price of TSLA should double from here. Go BUY TSLA now if you want the price to double. Need new buyers and new money to push prices UP, otherwise all direct (like @wuqijun) and indirect investors (like me through S&P index) would suffer. Help US make money
REMEMBER this, no matter how outstanding the fundamentals would improve, if there are NO demand for the shares (new money from new buyers and existing investors), share price won’t go UP.
Caveat: I am not a financial advisor and hence this post is not a recommendation to buy or sell TSLA.
Tesla in India?. where 99% of vehicles sold are below $20K.avg price. but it will surely create future sale hype for Elon and his European partners to sell Industrial machinery upfront…
now he is tweeting in Russian to draw attention of Putin as if Putin has secret engineers in his cupboard. just need Musk wealth.