If itās part of your portfolio and not your entire portfolio ie a small percentage then why would you sell? Its very early days still for this company and investors have reached this level of value without much having happened.
The future for Tesla is enormous so more large gains should be coming in the next few years
I feel you have panick sold and this is not good investing, at the very least you should have waited and viewed the market for a few days/weeks before you drip out some of your position. If itās still falling you could then buy back in to average out your remaining position or sell remaining shares.
If you do this with all your stocks you will miss out on further gains, the drop yesterday was due to the whole markets being down not just Tesla, as its more volatile a stock it rises more when the markets rise and drops more when the market falls. This is fairly basic stuff that you should know before buying a stock at all
I sold mine last night bought at 570 and booked some profit and like stupid I bought again @847.
Now I will hold for good few weeks got no other choice and hope it will bounce back again.
All the reviews I get is positive and itās not going bankrupt any time soon
I have some value plays but I am not just a value investor, what I said was once it proves its value, as IMO for a growth stock it is overvalued, for example BABA is undervalued and that is also a growth stock. I think you mean, and you are correct, that I am more risk averse at investing than others, but donāt confuse that with being less good.
However I disagree that you shouldnāt look at what is sold today, Tesla bulls are bearish on other EVs because they dont sell any/as much as Tesla, but equally when people like me are slightly bearish on Tesla at these valuations suddenly Tesla bulls say shouldnāt assess based on current sales.
By the time a company like Tesla shows its value its already too late, the gains will become narrower.
Probably best off not bringing alibaba into this thread right now as itās proves everything wrong about using just the āfundamentalsā of a stock.
As I said, Tesla might have the most amazing tech but that doesnāt translate in car terms to anything like the level of market monopoly needed to justify the valuation (and that isnāt ignoring that Tesla does more than build cars or from someone who doesnāt hold Tesla stock!).
History is littered with companies that had the best technology which didnāt translate into market dominance.
Perhaps the pricing takes that into account and all the upside is from non-ev business but in which case letās be clear about that!
I try to stay open minded, but the nail in the coffin for me was when investors ploughed into a stock because Elon tweeted praise for a completely different company with a similar name (Signal). For me, this just reaffirms that Teslaās lofty valuation is mostly over-speculation based on Elonās cult of personality.
I donāt doubt that Tesla is a wonderful company in the making, but I cannot reconcile why any investor would buy at these prices, especially when plenty of great businesses are trading at much fairer valuations. I would expect a company to be growing 3x YoY before I would even look at anything with Teslaās current earnings multiple.
On a more positive note⦠congratulations to those who got in early on $TSLA!
Yeah itās a big deal, Iām hoping they have some way of finding the specific fault and identifying the vehicles that need fixed, and then knowing Tesla theyāll fix it at the personās house. Itās should be too hard, motherboard is behind the glovebox and is probably just a few minutes to change. But might be very expensive but Iām not worried about it, Tesla has plenty of cash and doesnāt have a significant effect on its future
Itās if this evolves in to something else. Iāve done no research so I donāt know the implications but a retrofit/correction is expensive and wonāt do the brand image any good.