Since more than a year, I follow the TSLA stock price on a daily basis but I still never dare to buy it 
… or at least, to buy it with a significant amount, because I took a few small amount trades on 3LTS time to time, making profits sometime, losing money some others time but I don’t have the “cojónes” 
to hold the trade for more than one week.
It is psychological for me 
, I can’t jump thoroughly and with my eyes closed with a large amount when I see a Price Earning Ratio at 400… but I admit that I was very wrong until now 
because I missed a performance of +280% over the last 30 days on 3LTS… 
In French, we usually say that the stock market is a temple of regrets 
So true for me now!
Congratulation to peoples that took this amazing opporunity.
Yes… my last post was a bit emotionals
It is good anyway to remind that Trading is not only numbers, charts and corporates or governements annoucements… but also a lot of emotions, don’t forget the psychological impact on the stock makets 
As proof, it is enough just to see the euphoria (if not the craziness) of so many investors for some news cryptocurrencies or tokens, that have zero (or near) added value compared to the existing and operational ecosystem of Bitcoin or Ethereum.
by the way - the only one logical explanation I have for the price level of TSLA, it is purely due to the psychological reaction of investors.
Because again with a PER of 400, there is no mathematicals and financials logics that someone still to want to buy Tesla stock, based on a good logical motivation.
Since almost 2 years, the Tesla share price has been driven mostly by investors greed, which implies a strong emotional impact on investors decisions.
On another end, I am not saying that a price krach should be expect on Tesla Stock… but maybe we are enterring on a new era of the Stock Markets.
“The retail army” changed the rules since the last two years, and until the retail army is “in the market”, I think there is no reason for the market conditions to change.
Maybe I should take this more into account on my investment decisions… if I don’t want to miss many others market opportunities.
Have a nice wek-end Trading212’s Traders 
I have to disagree with you this time my friend. Investors are holding not selling, because they’ve seen past the FUD and know the potential Tesla has to disrupt and become a market leader in multiple industries, not just cars (on which current metrics are wrongly based).
I think that’s the point. A lot of optimism is priced into the share price already.
I agree that the market anticipate the future revenues of Tesla.
For now, last revenues reported was:
Tesla => 13.9$B
Ford => 36.6 $B
Volkswagan => 215 $B
So Tesla is still far to be a market leader in his main activity.
Of course, this can change in the near future… but more or less 400 years of income to catch up 
Not with exponential growth.
Analysts would have us believe that 30% of the current car market will be ev by 2030. In reality Tesla bulls think its more likely to be 50% by 2025, of which Tesla could likely have a 25% market share.
Tesla will most likely have the largest charging network by far, of which they have just begun to open up to other OEMS. Other manufacturers are unlikely to invest in the infrastructure if Tesla already beats them too it. Same thing for FSD. Now theres Tesla insurance. And this is just the car part of the business. It all starts adding up quick.
I do not think so, people might see it from growth perspective. But I myself hardly ever buy stocks/assets when they are at long time high. I will wait until the dip/pull back if I want to enter or add any position
IMO, P/E is useful for value investing but it is less relevant to high growth stock where you are relying on the company growth.
P/E ratio is normally good for value investing in blue chip well establish companies. But many hight growth stocks are not profitable in the early day of their operations.
(P/E ratio) is the current share price relative to its earnings per share (EPS). How do you calculate the P/E earning if they are not profitable??
But if you only rely on P/E you would have missed a lot of opportunities, as many techs start up companies, fintech are not profitable in the early day of their operation.
Visa PE ratio (TTM) 38.48; square (SQ) PE Ratio 214.24. Square are already 10X in less than 5 years
Palantir P/E ratio: N/A as they are yet to make profit. But now they have become £3X in less than two years.
Lucid Group, Inc. (LCID), P/E ratio: N/A they have become £4X in less than a year.
Marathon Patent Group, Inc. (MARA), P/E ratio: N/A they have become £30X in less than two years.
AirBNB (ABNB) PE ratio (TTM) N/A, they have become £2X in less than one year.
NIO Inc. (NIO), P/E ratio: N/A they have become £10X in less than two year. They use all of the revenue they have got to built more manufacturing facility.
Alibaba (BABA) PE ratio (TTM): 18.93, it is extreme good if you compare it with the like Amazon PE ratio (TTM) 68.87. But guess what …
If you just look at the P/E ratio without looking into the fact that they grow like an octopus, because they reinvest the profit they have made; you might have made a misjudgement.
That’s true, but only if there is not a more ecological alternative solution for vehicles by 2030 (like hydrogen or something have not yet bé invented).
I am a bit scared by this massive craze for electric cars, when we already know that it is a false solution. Anyway … I’m not trying to argue anymore because as I said in my previous post, until now … I was very wrong LOL
Have a nice evening 
No arguing here. 
Tesla is a divisive stock and company. Your concerns are very valid. Of course you are right anything can happen in the future. Tesla must execute perfectly, and things must playout how we hope. 
The discussion about Value investing and investing for growth have been going on and on. Both side have advantages and disadvantages.
At the end of the day, it is up to the person risk attitude. investing for growth carry a lot more risk but also might give you a huge return. Many of large cap tech stock are unprofitable before they turn to become profitable. A good example is Amazon the company finally turned its first profit in the fourth quarter of 2001: $0.01 (i.e., 1¢ per share), on revenues of more than $1 billion. Facebook start making money in 2004.
But also keep in mind some high growth stocks do not survive, collapse and you end up losing money.
Those who are investing for growth might be the firm believer of the ancient roman proverbs. “Fortune favours the Brave”
Interesting this survey
Here is the link of the tweet to follow the result.
11 hours left to get the final result !!
Elon’s a clever man, if he thinks the share price is too high and wants to bring it down without another split, plus pay his tax bill, this would be a good way to do both.
It doesn’t bother me. I’ve been waiting for a pullback to load up on 3x tesla long again. Maybe a good time to short?
Holding on to unrealised gains is not tax avoidance. What would happen if the holding dropped 30% in the following weeks/years since you paid some ‘unrealised’ tax, you claim it back after the government had spent it?
They should align Capital Gains with Income taxes anyway, whole lot simpler for everyone to figure out the right amount of tax to pay.
Anyhow back on topic, it’s probably just a post to say ‘I want to sell a part of my holding to realise the cash’ by pointing the finger at something else.
I put a limit order on 3STE (3x Short Tesla EUR) at 0.63 EUR.
We will see what will happen tomorrow at the opening
I’m with you Marc.
Only 4 hours left before the end of the survey…
I hope Elon will respect what he said
I am specifying it because it is important, but I think you already understood it. Nothing on this message has to do with advice or comment from GraniteShares. This is not even a personal advice but only what I do in a (purely personally) on my own trading account.