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re: TSLA at $161, anybody biting?
Posted on 12/13/22 at 12:27 pm to oneg8rh8r
Posted on 12/13/22 at 12:27 pm to oneg8rh8r
quote:
Any legit reasons against?
It is still VERY expensive and trading at a P/E of approximately 50. I'd hold off until that gets closer to 35, but then, it is obviously still on the expensive side.
Are you just trying to play the greater fool theory? Most are with this stock due to it's popularity.
Posted on 12/13/22 at 1:39 pm to skewbs
One of the more interesting aspects to this is all these people like Jason Debolt who went all in on TSLA years ago, were up tens of millions, and haven't sold a share and now have watched most of that wealth evaporate. They haven't lost any conviction and are talking about selling their house to buy more TSLA at these prices, lol.
They should've seen the writing on the wall when Elon and Kimbal sold at ~$1,200 (pre split) late last year. Could've sold then and bought back over 2X as many shares at today's prices.
They should've seen the writing on the wall when Elon and Kimbal sold at ~$1,200 (pre split) late last year. Could've sold then and bought back over 2X as many shares at today's prices.
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