Right, but thatās comparing Tesla to Cisco. Iām not. Iām comparing them to Amazon, Apple and Microsoft. If you go and have a look, I would happily have bought all 3 of them at the height of the dot com bubble. They are worth many more times than that today. Price doesnāt matter. Intrinsic value of the business does.
Hmm well true, but if you check how many years it took MSFT to break even from dot.com, 1999 -2016. Only after Azure kicked off growth did MSFT get back to growth path.
17 years to be under water is long even for long term
There are a lot of companies who are fair priced, passing on those that one personally think are overvalued doesnāt mean timing the market.
You think TSLA is not overvalued thus it is logical you buy. I personally think it was overvalued at 900$ , but hey thatās 2 people having different opinions and risk tolerance.
Thatās totally fair, but there are others in the thread that are trying to time it by waiting for a dip that may never come. Iām just saying, if you like a company, you canāt wait, or itās too late .
I disagree, market forces are causing big swings becuase there is impactful news or whatever that could help to determine itās value. Even news about trading volume has an impact. The value of something is itās current market value which is determined through the price mechanism. It is just a hypothesis and it is contested frequently, like many great hypothesis are.
But I think that if you believe that the value of something is anything other than what it is currently, it is market timing. Which is very difficult to do. Expected return is based on the level of risk you are willing to take. Risky stocks are still priced efficiently. If you want to take less risk expect less volatility and therefore gain/loss.
I like that advice! Took it on board and Iām glad I did considering the drop in price now. I hold S&P 500 and itās doing pretty nicely so happy to let them take the reigns on this one should Tesla jump on board. May not bring me as big returns but Iām here for the long ride. Like you say itās what I pay them for too
Hello, a while since Iāve been on here! Regarding Tesla, well, I think theyāre overvalued and Nio is outselling them. And Audi and VW for that matter!
NIO has grown fast because it has smashed its sales for the past couple of months. 50% of its sales come from recommendations as a luxury vehicle and it is coming to Europe in the next 5 years.
The latest model prices and specs are being released very soon and it is expected to smash its July sales too⦠This is currently undervalued stock, with a solid future ahead and I go by listening to DongXii on YouTube and Nio Shareholders Club on FB (DavidNio) who have done extensive research and are both investors.
NIO has Government backing and uses Mobileye which is a better 360 than Teslaās auto driving.
Why donāt I invest in Tesla? Well, thereās less bang for my buck. Tesla has to grow an awful lot to double, where as Tesla has to get to $30. Its currently under $15, but not for long as the mid August price will likely get to $20-25.
Good insight on NIO Inc. Iām liking what they do and glad I got in when I did.
On Tesla, though, I think it was mentioned above that, it is far more than car sales. Overstacked regardless? Probably yes. Is that going to stop it from continuing upwards? Thatās the question.