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Is it time to buy Tesla yet?

Posted on 4/20/23 at 11:34 am
Posted by HiCap
Member since Oct 2017
25 posts
Posted on 4/20/23 at 11:34 am
What say ye hive?
Posted by el Gaucho
He/They
Member since Dec 2010
53452 posts
Posted on 4/20/23 at 11:49 am to
It’s a Barbie powerwheels for smug adults and the ceo has jumped ship
Posted by Stiles
Member since Sep 2017
3405 posts
Posted on 4/20/23 at 12:12 pm to
:WhatYearIsIt?Gif:
Posted by CHGAR
Haile, LA
Member since Aug 2022
584 posts
Posted on 4/20/23 at 12:12 pm to
Been a bad play since that huge January run up. I would find it more interesting if fell around the 140 - 150 level instead buying in the consolidation pattern it has been experiencing since February.
Posted by FMtTXtiger
Member since Oct 2018
3799 posts
Posted on 4/20/23 at 12:19 pm to
i put a buy in at 150. its worth the risk at that level.

Elon knows if he can keep cost down, flood the market, the other car companies will struggle to gain scale. Outside of trucks.

Posted by Jag_Warrior
Virginia
Member since May 2015
4176 posts
Posted on 4/20/23 at 12:29 pm to
quote:

Is it time to buy Tesla yet?


We’ll find out by 4PM tomorrow. I have short puts at 158.33, 157.5 and 155. I don’t have an interest in holding it longer term, so I’d look to wheel out with OTM covered calls if I get assigned.

Sorry, but I don’t really have a basis for an opinion on whether it’s a good longer term buy at this level.

When you ask if it’s “time to buy”, do you mean for a trade or for a longer term hold???
This post was edited on 4/20/23 at 12:32 pm
Posted by LSUcam7
FL
Member since Sep 2016
7916 posts
Posted on 4/20/23 at 12:35 pm to
quote:

Jag_Warrior


Take me to school real quick…

If TSLA somehow went to 154, you’d be assigned on all three.

Assuming you had a single contract at each of those strikes, you’d need to have ~$46k cash available to fill the assignment (or the equivalent margin allowance)?
Posted by Jag_Warrior
Virginia
Member since May 2015
4176 posts
Posted on 4/20/23 at 1:36 pm to
Yes, in that scenario, roughly $47K in cash, or in the case of TSLA about 15-20% of that figure in “buying power reduction” in my portfolio margin account.
This post was edited on 4/20/23 at 1:40 pm
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8288 posts
Posted on 4/20/23 at 1:59 pm to
Just grabbed some may $170 calls
Posted by Triple Bogey
19th Green
Member since May 2017
6036 posts
Posted on 4/20/23 at 2:27 pm to
3 day rule after a bad earnings report is always advised.
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8288 posts
Posted on 4/20/23 at 2:29 pm to
quote:

3 day rule after a bad earnings report is always advised.

I think the drop is greatly exaggerated bc the ER actually wasn’t bad.
Posted by bayoubengals88
LA
Member since Sep 2007
19227 posts
Posted on 4/20/23 at 2:31 pm to
quote:

Just grabbed some may $170 calls

You went long?? Exit strategy?
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8288 posts
Posted on 4/20/23 at 3:22 pm to
quote:

You went long?? Exit strategy?

Yes, today was a massive bear trap IMHO. Inflow outpacing outflow with Bullflags forming. I think millions in puts will expire worthless tmrw.

I think my $170 calls will print.
Posted by HagaDaga
Member since Oct 2020
166 posts
Posted on 4/20/23 at 4:09 pm to
What caused the drop today? I heard they are discounting their cars, but not sure if that is being taken as them having issues selling their cars or not.

Could the SpaceX ship blowing up have affected it any?
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8288 posts
Posted on 4/20/23 at 4:17 pm to
quote:

What caused the drop today? I heard they are discounting their cars, but not sure if that is being taken as them having issues selling their cars or not. Could the SpaceX ship blowing up have affected it any?

Overreaction to the ER IMO
Posted by ronricks
Member since Mar 2021
7287 posts
Posted on 4/20/23 at 4:28 pm to
Wish I bought back in January when it was $108 instead of listening to the idiots here that said it was going down to $55
Posted by skewbs
Member since Apr 2008
2013 posts
Posted on 4/20/23 at 5:08 pm to
quote:

But for one leading analyst, the selloff isn’t remotely big enough to bring the EV king’s shares in line with its fundamentals. David Trainer, founder and CEO of investment research firm New Constructs, believes that using the most realistic projections for the likes of sales and earnings, Tesla’s worth something like $28 a share or one-sixth its current price—which by the way, is down 60% from its peak of $415 reached in late 2021. “Tesla remains hugely overvalued,” Trainer told Fortune, pointing to a $517 market cap that still amounts to twice the combined valuations of Toyota and Volkswagen.


From an article today on Fortune. These are not my views on the stock and company.
Posted by Twenty 49
Shreveport
Member since Jun 2014
18889 posts
Posted on 4/21/23 at 10:18 pm to
Elon seems like he might burn it down at any time.

It’s like buying Berkshire Hathaway while knowing Warren Buffet has Alzheimer’s. It might be okay anyway, but it’s risky.

Plus, all the OT says e cars will never make it. They love the oil.
Posted by baobabtiger
Member since May 2009
4746 posts
Posted on 4/22/23 at 6:42 am to
Elon is doing to ev’s what Ford did to making cars available for the common man. He’s building factories that are efficient, he’s lowering margin, and upping production ability.

With him it’s not about what he’s making. He wants to change the game. And they are in very good position to do it. They are way ahead in market share, branding, technology, and efficiency. In my opinion buying tesla now is like buying apple in the late 90’s early 2000’s. I’m long on them.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 4/22/23 at 7:41 am to
quote:

Wish I bought back in January when it was $108 instead of listening to the idiots here that said it was going down to $55


Imagine calling people idiots because you can't do your own DD

You should definitely buy shares now
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