At below $150 is Tesla a buy?
Headed towards $100 or $250?
Cathie Woods just bought $16m worth … definitely a bearish signal
Now down 50% from 52 week high … PE of 34 near its lowest ever.
I wonder it our resident bull bought a cybertruck… it’s been recalled
Meanwhile Tesla still has among the highest PE ratios in the industry … interesting that Ferrari and Tata are higher
I think at $150 Tesla is still too expensive for its fundamentals. Everything has to go right for the price to make long term sense. It only looks cheap because people compare it with the absurd price two years ago.
Short term though anything can happen. No idea how it will go.
and…more price cuts.
https://www.marketwatch.com/story/tesla-cuts-prices-for-many-of-its-models-worldwide-slashes-cost-of-full-self-driving-in-u-s-97e5f532?mod=mw_latestnews
AH is earning. Many bruised TSLA bulls are pessimistic ST vs bullish divergence in daily chart.
Disclosure: Holding 50 shares and short 1 put(Nov $160).
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TA triumphs FA
Disclosure: Hold 50 shares. Short 1 put (Oct $140). Short 1 put (Nov $160)
Short puts should be green 2mrw.
For the quarter, Tesla reported adjusted earnings per share of $0.45 ($0.52 estimated) on top-line revenue of $21.30 billion ($22.31 billion estimated), per Bloomberg consensus estimates. It was Tesla’s first drop in revenue in four years.
On the profitability front, Tesla reported $1.2 billion ($1.49 billion estimated) in operating profit, and $1.5 billion in adjusted net income ($1.79 billion estimated ).
Question: 2mrw STFR?
Elon’s new promise that sets the stock flying. This one has a clear timeline so we can track its progress. I am skeptical. For it to be available in 12 months the program must be very far along already. But no leaks whatsoever.
Affordability isn’t really the problem. Truck sales are doing fine and look what trucks cost these days.
The “affordable” model doesn’t even exist, will certainly be much more than $25k. People forget the Model 3 was supposed to be $35k and ended being $55k. It’s of course not surprising the bulls will believe anything that Elon says.and they conveniently forgot he canceled the affordable car just a few days ago. His chutzpah is mind boggling
The main problem is that electric cars only meet the transportation needs of a small portion of the population and we are rapidly reaching a point where all those people have purchased one.
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One. Want to be seen to be in.
Two. Status symbol.
Three. Want to be seen to be environmental conscious.
Maybe 5-10% of the population will put out for that.
EV sales peaked at 9% of total US sales in one quarter last year They were down to 6% in Q1 of this year.
I am a perma Tesla bull. Elon is not my favorite, but I can admire what his companies do from afar.
Hertz is selling a bunch, and now the pricing coming down on the Ys, and 3s…I might get one and I work at a competitor which can’t seem to get a car out to save its life.
