Posted on 01/29/2020 3:17:30 PM PST by Moonman62
What happened to all the FReeper financial experts who said that Tesla would be bankrupt by now?
In the not too distant future self driving vehicle will be the norm. He is ahead of the curve
“ They’ve had two great profitable quarters in a row.”
That’s cute.
Well, that's been quite a day, huh? And while the stock price appears to be bouncing off the ceiling, repeatedly, and Friday is usually a down day, I'm just making sure I've got plenty of stomach remedy around and plan to whiteknuckle my way through tomorrow.
The talk has turned to the possibility that TSLA will, later in 2020, enter the S&P 500 -- which would mean index funds would be buying it, and according to this screen in my acc't, it's already 53.37% held by institutions (mutual funds, retirement funds, ETFs, hedge funds, and of course market-makers).
Best prospects for the shorts is a big burning boat Viking funeral.
[snip] The 30 analysts offering 12-month price forecasts for Tesla Inc have a median target of 432.50, with a high estimate of 800.00 and a low estimate of 200.00. The median estimate represents a -32.51% decrease from the last price of 640.81. [/snip]
https://money.cnn.com/quote/forecast/forecast.html?symb=tsla
I try to avoid the day to day gyrations.
The thing to look for with Tesla in the long run is Full Self Driving. They are using an approach different from all the other car companies. If it works they’ll gain an insurmountable lead in machine learning. An increasing number of people will see them as more than a car manufacturer, and their valuation will start moving toward the Apple and Google tier.
On another note, is it a coincidence that Tesla started doing better when Musk was removed from being Chairman? He has a long history of being booted out of executive leadership positions.
Where were there estimates this time last year, or when Tesla hit bottom at $178 a few months ago?
I recall one analyst saying the stock was going down to $40.
I don’t know him, but I’d guess that he doesn’t play well with others. :^) He’s been in a better mood since he started hittin’ that circus freak he’s been dating.
Regarding the $40 prediction, the Shark Tank guy has said that at least a couple of times during on-air talking head grudge matches — but I can’t help but wonder, has he actually money invested in GM and/or Ford? They don’t have the same P/E ratio right now (Ford appears to be the worse deal based on just that, nice fat dividend, went ex- yesterday), GM just announced plans to plunk $2.2 billion into an EV plant and is supposedly a fully integrated battery manufacturer right now.
A search for “Tesla going to zero” or “Tesla is worthless” will probably turn up hits on at least one hidebound old greedhead (hey, it’s okay to hit my own) who claims that in words to that effect. There’s also a hedge fund manager who’s crushed his own fund by repeating his margin mistakes with Tesla (among other things).
The reprehensible Ralph Nader (you remember him, he was excoriated after the 2000 election, blamed by the left for destroying Gore’s chances) just recently spouted off that Tesla’s stock is in a bubble and that its popping was going to destroy the known universe, somehow making the rich richer (I don’t think he’s on welfare, btw) and the have-nots fight over refrigerator boxes under the freeways. /jk
I don’t think the average TSLA investor has a monopoly on irrationality. :^)
How much of their supply chain is in China?
(honest question)
Okay, so, up over $100 today, and up over $100 during all last week.
Reminds me of Henry Blodget and Amazon back in 1998:
Also, over the weekend, ardent Tesla bull Catherine Wood of ARK Investment Management told Bloomberg that the stock is still “incredibly undervalued.” According to ARK’s latest note, published Friday, its 2024 expected value per share for Tesla is $7,000.
https://www.latimes.com/business/autos/story/2020-02-03/tesla-stock-surges
I think a great way to invest is to buy stock in companies that FReepers hate the most.
Heh, yeah, I regard her as a total loon, but if my quite a bit larger now but still tiny portfolio grows tenfold in four years, or two, or two months, I’ll take her out to dinner, someplace where no one I know is likely to see us, because, eww.
It’s peaked for the day, it’s been bouncing off the roof and ricocheting off the floor, about a ten dollar range.
Norton Lifelock cratered today, still not a dead cat bounce buy.
Okay, so, +126.18, kinda big gain, but the daily high (uh, last time I checked) came about 1 pm and was about $10 higher than this.
Tesla went public 6/29/10 and finished the day at $23.89.
Now it goes up five times that much in one day.
It was $179 on 6/3/19.
America’s a great country and I’m glad I’m not a short seller.
:^) The recent spike appears to have pushed short shares up to above 17%, making a short squeeze a serious possibility.
Jim Chanos:
https://www.google.com/search?q=jim+chanos+tesla
David Einhorn:
https://www.google.com/search?q=David+Einhorn+tesla
https://www.google.com/search?q=greenlight+capital+tesla+cnbc
Ho
Lee
****.
Guess I’ll be taking her out to dinner. :^)
Why is Tesla Going Crazy? Short Squeeze? Time to Sell TSLA?
Feb 3, 2020
Tesla Daily Podcast
https://www.youtube.com/watch?v=x2Z8pZjF8vU
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