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TSLA at $161, anybody biting?

Posted on 12/13/22 at 10:16 am
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2701 posts
Posted on 12/13/22 at 10:16 am
Long term, you have to believe this will be a deal. Right?

Any legit reasons against?
Posted by el Gaucho
He/They
Member since Dec 2010
53010 posts
Posted on 12/13/22 at 10:32 am to
Besides the fact that teslas are just a bigger version of those power wheel barbiemobiles I would say that the most important factor is that he’s no longer a darling of the left and when the “lefties” (hint hint wink wink) start pulling their hedge funds out of your stock it never does anything good again

This is why gun stocks trade so flat

Tesla will go to 40 at some point next year
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2701 posts
Posted on 12/13/22 at 10:35 am to
That might be true, but I don't think of TESLA as purely a car company.

I think Musk is going to hand Twitter over to a CEO once he has sent it off in the right direction and focus on his baby.
Posted by Sterling Archer
Austin
Member since Aug 2012
7317 posts
Posted on 12/13/22 at 10:41 am to
IMO, Tesla's ridiculous prices never made sense to me. Tesla's market cap is still about 2x that of Toyota. However, Toyota will sell over 1M more cars than Tesla this year. Every car manufacturer is making electric cars now.
Posted by j1897
Member since Nov 2011
3568 posts
Posted on 12/13/22 at 11:01 am to
Still no self driving
Still no solar roofs
Still no cybertruck
Still no Semi

Why would anyone buy this stock?
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 12/13/22 at 11:57 am to
I'm staging my rebuys in the $90-$145 range. Will get uglier before the bottom is in imho.
Posted by skewbs
Member since Apr 2008
2005 posts
Posted on 12/13/22 at 12:27 pm to
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 by GeneralLee
Member since Aug 2004
13104 posts
Posted on 12/13/22 at 1:39 pm to
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.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89545 posts
Posted on 12/14/22 at 9:28 am to
quote:

Still no Semi


This isn't true. They're (slowly) starting to ship semis.
Posted by DeSantis_2024
Member since Nov 2022
97 posts
Posted on 12/14/22 at 9:41 am to
$157 now.
This post was edited on 12/14/22 at 9:41 am
Posted by leeman101
Huntsville, AL
Member since Aug 2020
1503 posts
Posted on 12/14/22 at 9:47 am to
Nope.
Not till under $100.

Like one poster said everyone is making EV's.

I've heard Tesla's strength is the battery technology. They have a few patents on battery technology.

This post was edited on 12/14/22 at 9:48 am
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89545 posts
Posted on 12/14/22 at 9:56 am to
quote:

I've heard Tesla's strength is the battery technology.


This is true, plus they've been making roadworthy EVs for a long, long time. Their experience advantage is relatively unmatched. That gap will close as the traditional car makers gain that experience as well, but it is still heavily in Tesla's favor.
Posted by j1897
Member since Nov 2011
3568 posts
Posted on 12/14/22 at 9:57 am to
quote:

This isn't true. They're (slowly) starting to ship semis.



There's no price, there's no hauling capacity. Tesla has delivered some beta test vehicles to haul chips, and a Christmas float.


They are definitely NOT "shipping" semi's.
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 12/14/22 at 9:59 am to
quote:

Nope.
Not till under $100.


i agree, it feels like if the S&P hits a capitulation bottom, like in the 3,000-3,300 range, that TSLA might hit $80-100 which would be a good entry for a new long term hold. I love the company but the valuation is still too high. Happy to have most of my chips in SpaceX instead.
Posted by j1897
Member since Nov 2011
3568 posts
Posted on 12/14/22 at 10:01 am to
quote:

I've heard Tesla's strength is the battery technology.


Tesla doesn't have battery technology, you do know Panasonic makes their batteries right? It's Panasonic's technology.
Posted by Triple Bogey
19th Green
Member since May 2017
5985 posts
Posted on 12/14/22 at 10:04 am to
Batteries are much better than what is out there in the market currently.

Supercharging network is years ahead of everyone else.

Actual software updates instead of getting locked into in-car tech that loses its value/relevancy over time.

Full self driving, AI, and all the other stuff is just a bonus.

Elon has created more shareholder wealth than any other CEO breathing. I'll hold and keep believing in him and his vision. Probably look to buy some more around the 125 area if it gets there.
Posted by Triple Bogey
19th Green
Member since May 2017
5985 posts
Posted on 12/14/22 at 10:07 am to
quote:

They are definitely NOT "shipping" semi's.



WRONG
Posted by SalE
At the beach
Member since Jan 2020
2417 posts
Posted on 12/14/22 at 5:25 pm to
$150
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 12/16/22 at 10:31 am to
About to break $150 support right now, yikes.
Posted by BigPerm30
Member since Aug 2011
25942 posts
Posted on 12/16/22 at 11:19 am to
quote:

IMO, Tesla's ridiculous prices never made sense to me. Tesla's market cap is still about 2x that of Toyota. However, Toyota will sell over 1M more cars than Tesla this year. Every car manufacturer is making electric cars now.


Tesla is more than a car company. They are digitally mapping the roads in real time and every day updating their AI based on driving patterns . I believe this I is much more valuable than the car sales alone.
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