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re: Is it time to buy Tesla yet?

Posted on 4/22/23 at 7:42 am to
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 4/22/23 at 7:42 am to
quote:

“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.


This is a very valid point.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 4/22/23 at 7:46 am to
quote:

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.


Exactly and Tesla's margins were one of the reasons the stock was so richly valued.

Now, their margins are being crushed and they're on their way to being valued in line with other car manufacturers.
Posted by STLhog
Dallas, TX
Member since Jan 2015
18778 posts
Posted on 4/22/23 at 10:30 am to
Literally every person I know who has bought one has gotten rid of it. That is two y owners and one x.
Posted by skewbs
Member since Apr 2008
2194 posts
Posted on 4/22/23 at 11:21 am to
quote:

In my opinion buying tesla now is like buying apple in the late 90’s early 2000’s.


Let’s take it back a notch man. This statement is accurate maybe 11-12 years ago.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 4/27/23 at 7:02 am to
How are the TSLA bulls doing? Stock is going back to $100
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 4/27/23 at 5:13 pm to
quote:

Literally every person I know who has bought one has gotten rid of it. That is two y owners and one x.


What were their reasons? I don’t have any interest in buying a Tesla (or any EV)… I’m just curious.
Posted by Marcus Aurelius
LA
Member since Oct 2020
3900 posts
Posted on 4/27/23 at 6:30 pm to
Bought between 105 and 112. Sold most. Will buy some back when ti pulls back with the market.
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