Tesla a nose diving at the mo!

šŸ“Š Investing
1

Whoā€™s selling tesla and who is buying more!?

2

Bought at 669 (dopey) but will average down. Not yet though as the market is especially loopy currently.

3

I would short it if Trading 212 provided that option.

4

For what Elon did to Crypto I want to see it as low as possible.

:neutral_face:

5

Hey Vic, but you can short Tesla and others in T212 with ā€œETPsā€ (more precisely, ETNs, a cousin of ETFs) from GraniteShares and LeverageShares. With and without leverage, and in several currencies.

(Probably another case of lack of visibility of the ETPs on T212. :wink:)

(@Marc45 ; @Oktay )

6

I am hesitant shorting Tesla, could very well bounce off 8th of March low xD

7

Thanks for the tag @RLX :wink:

@VicVega - feel free to reach out anytime if you have any questions about the products.

-1x Short Tesla gives you a daily ā€˜shortā€™ position and -2x Short Tesla gives you a 2x leveraged ā€˜shortā€™ position. Both can be traded in USD, EUR and GBP.

8

Crazy how at this point a single tweet by Elon literally moves marketsā€¦ mentioned $DOGE yesterday and a 20% increase ensuedā€¦

9

Thanks @RLX & @Oktay, Iā€™ll look into it.

10

Is it though? Markets go up and down. We were due a good correction after the non stop upwards movement of 2020.

Unless you mean loopy as in literally up and down week on week in a loop, which it is, and is very annoying.

11

Itā€™s a healthy correction at the moment.

I worry for the people with a portfolio of 30 times sales companies, or pre revenue companies so be careful all

12

Iā€™m meeting my mother later who got into trading a few months ago. Her portfolio consists of Tesla, Alibaba, and Scottish Mortgage Investment Trust. Iā€™m curious to hear her thoughts! I have a feeling Iā€™ll need to reassure her this is normal.

At these prices, Iā€™m actually thinking to buy a share or two of Tesla.

13

SMT is still smart over a long period of time in my opinion, if youā€™re a regularly putting in as well, that helps with the peaks and troughs.

Tesla I love, but I cannot get my head around it, so Iā€™m just following at this point, not investing. How itā€™s worth the amount of all the car manufacturers added up just doesnā€™t compute with me. But then some say theyā€™re not just a car company, which I accept to a point. But right now, they are a car company.

14

Shows how naive sheeple are

Tesla is going down to 200 for a good 5 years.

15

SMT is a no brainer and Iā€™d challenge anybody to argue why somebody shouldnā€™t invest.

As for Tesla, the P/E ratio is astronomical. I agree with the fact that theyā€™re not just a car company, but right now, apart from selling cars, the only other industry Iā€™m aware that theyā€™re making profit in is energy; i.e. selling their batteries. Time will tell where they will end up in terms of their sales and revenue streams.

16

Totally agree there.

With Tesla, I owned them once because of the split and sold shorty after for a nice profit. But I donā€™t tend to do any trading now.

Iā€™d love to invest in them one day, for the right price though. At present, itā€™d just be a FOMO move for me.

17

I was the same, I rode it up and sold for profit.

Oh 100% :smiley: But the FOMO is real and strong! Iā€™ll see can I restrain myself.

18

Thank @RLX for keeping me in the loop :slight_smile:

and yes @Dman @VicVega , ETN like GraniteShares 3x Short Tesla - 3STS (or 3STE in EUR and 3STP in GBP) may be a good solution if you have a high conviction on the downside of Tesla Stock.
If Tesla fall by 2%, the GraniteShares 3x Short Tesla will perform by +6%

Feel free to visit our website, especially the eduction section to understand how it work.

19

Thatā€™d allow me to get in cheap thank you. DCA all the way and chill for a few years.

20

I like to think of them as an energy basket ETF.