Tesla stock dropped, I bought more, what did you do?

You can respect the community guidelines, create topic without tossing unnecessary proverbs.

You know, speak in civilised manner.

Not just copy paste same BS across multiple topics with no relationship to the original subject.

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For once I agree with you :stuck_out_tongue:

That makes me feel a whole lot better about my account thanks.

No, really though, I can’t see any reason why it won’t rise back up. Everyone and their granny is buying Tesla.

Blimey how much are you buying to be down £30k in a week?

Like it’s down 15% from ~500.

That’s like slapping down 200k :flushed:

I’d love to have that kind of play money. Maybe one day. :pensive:

Check out his video thumbnails. £125k odds all in TSLA, hence the huge swings.

Very frightening, but if it goes the other way… ooft.

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That tells you it all.

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Yeah that does say it all. 99/100 when everyone and their granny is getting involved it’s usually a good sign it’s way over bought and about to crash.

It’s called dumb money. Retail investors doing no due diligence, no checking charts. Just chuck it in and :crossed_fingers:

And I’ll happily ride it up as well. Profit is profit.

I’m sure TSLA is an example of why markets are not always efficient. It’s massively overvalued. People are buying on the expectation that more people will buy even though there are no fundamentals to support the price. Whilst Tesla may continue to grow as a business, it can’t meet the high expectations. Investors in TSLA seem to have forgotten that other car manufacturers are capable of making electric vehicles too. Tesla wont gain a monopoly.

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I’m half tempted to join the hype train if/when TSLA falls to around the 290 mark.

I’ll buy Tesla when its around 100, couple months, hehe. Techtanic heading for the iceberg.

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Can see EV picking up in the Uk especially cos EVs get special benefits in uk businesses such as capital allowances.

Yeah definitely, I’ll get a Mercedes or do I want a granny mobile tesla.

Let me think.

Do I want to fill my petrol guzzler in 2 mins or do I want to charge my car for 2 hours?

Dw if I can’t find anywhere to charge it I’ll get the extension cable out. These aren’t ready for mass market yet. Infrastructure isn’t here and the charging is lame.

Counter me. Unless you’re offering me financial incentive (BIG) I ain’t buying it.

the UK government are giving incentives like that to businesses. My mates got his own business and bought an electric BMW recently, which gets him tax benefits. Plus you get a 3k grant for purchasing one. Petrol cars are being banned in the UK by 2035 probably sooner the way the UK is going, so people won’t have a choice in the future.

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It’s not scary when you know the company is going to be worth in excess of $5T. Most likely $10T plus. I’m buying at 5%-10% of future value so I really couldn’t give one f***. TBH it would be amazing if it went down 95% due to market panic, that’s a nice 20x to get back to current prices.

What one of those i3, rather walk to work mate.

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There is a rather good depiction on this subject.

Folks that talk about electric/renewable have to first do some economics 101, most of those business models live of Tax benefits. Think of social security benefits for unemployed.

Wind/Solar generated electricity is basically losing cash for Utility companies but they are forced by EU laws to produce certain amount of their Electric output via renewable sources.

So heavy lobby and incentive are the only thing “driving” this unsustainable madness.

Everything is driven by money, the sooner folks realise the better. Global warming, Ecology - this is just part of Money flow.

Down she goes, big drop pre-market.

I hope they stay down until Thursday when I receive my salary. :money_mouth_face:

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It’s gonna be like Friday again down to 375 and then rise again