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Looking at Tesla again after the split.

Posted on 8/31/20 at 11:29 am
Posted by tigersint
Lafayette
Member since Nov 2012
3549 posts
Posted on 8/31/20 at 11:29 am
Currently have a good bit of shares that I bought at $1600. I have seen nearly 50% increase since then. How high do you think this can get before it comes back to reality? I am considering pulling out soon but I want the boards opinion.

So is this a legit tech company that is currently undervalued or a glorified car company that is highly overvalued?
Posted by Stiles
Member since Sep 2017
3405 posts
Posted on 8/31/20 at 11:33 am to
Board’s opinion:

Are you looking at buying 4 or more shares? If so, why’d you wait until after the split?
Posted by LSURN98
Jupiter
Member since Oct 2019
448 posts
Posted on 8/31/20 at 11:50 am to
quote:

is this a legit tech company


Yes

quote:

undervalued


No

quote:

overvalued?


Yes
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59619 posts
Posted on 8/31/20 at 12:06 pm to
quote:

before it comes back to reality?

define reality right now.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11230 posts
Posted on 8/31/20 at 12:10 pm to
quote:

So is this a legit tech company that is currently undervalued or a glorified car company that is highly overvalued?


Depends. Do you believe in sun monsters or not?
Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 8/31/20 at 2:26 pm to
Collect profits. Take a more conservative approach with what you feel comfortable with.

It's a unicorn. The bottom may fall out or it may continue its insane rise.

I doubt anyone here can truly predict it.
Posted by Auburn1968
NYC
Member since Mar 2019
19833 posts
Posted on 8/31/20 at 8:25 pm to
I think I would put a stop-loss order in just below its daily swing range and ride it while adjusting the stop depending on what it was doing.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30655 posts
Posted on 9/1/20 at 11:00 am to
It’s overvalued, but that doesn’t mean the stock price will go down to reflect it
Posted by RussianFromLSU
Baton Rouge, LA
Member since Nov 2014
192 posts
Posted on 9/1/20 at 11:43 am to
Go all in and then once you have at least 100 shares. Sell covered calls and make BANK.
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