Posted on 01/08/2021 9:29:10 AM PST by SunkenCiv
Tesla's momentum and back-to-back record highs have divided some of the world's most famous investors. Billionaire venture capitalist Chamath Palihapitiya praised the stock's gains in a Thursday appearance on CNBC, telling investors the stock could be worth three times its already lofty valuation.
"Don't sell a share," he added.
Hedge fund manager Michael Burry - whose bet against the housing market was depicted in the novel and 2015 film "The Big Short" - aired his contrasting opinion Thursday night. The investor tweeted that, like his famous 2008 gambit, his short position in Tesla stands to print huge gains.
"Well, my last Big Short got bigger and bigger and BIGGER too," he said, adding bullish investors should "enjoy it while it lasts."
Wall Street analysts, on the other hand, have increasingly abandoned bearish outlooks and turned more optimistic toward Tesla. Morgan Stanley lifted its price target for the automaker to $810 on Tuesday, saying strong demand and new factories will keep Tesla far ahead of competitors in the electric vehicle sector.
RBC Capital gave up on its own bearish bet on Thursday, boosting its own target to $700 from $339 and upgrading Tesla to "sector perform" from "underperform." The firm's analysts admitted they didn't expect Tesla to leverage its soaring stock price to raise funds last year.
"There is no graceful way to put this other than to say we got TSLA's stock completely wrong," RBC said.
(Excerpt) Read more at markets.businessinsider.com ...
B) gotta be sooo high to ride this ride
C) I'd be foolish and share personal information, and
D) You probably wouldn't believe the information if I did
Top institutional investors in Tesla:
Why Tesla Could Be Worth $1.5 Trillion by 2030, According to Ron Baron
By Leslie P. Norton
Updated Feb. 28, 2020 8:00 am ET / Original Feb. 28, 2020 5:03 am ET
https://www.barrons.com/articles/tesla-could-be-worth-1-5-billion-by-2030-says-ron-baron-51582894817
I own a VERY few shares - my financial advisor was against me buying it and I was hesitant - it’s growth makes NO sense at all but I ran with it (and now like a gambler I’m all “hurr durr shoulda bought more!”)
Unbelievable and I’m trying to figure out where to get off the ride...
Tesla Extends Record Win Streak After Evercore Capitulates
Esha Dey 38 mins ago
https://www.msn.com/en-us/money/companies/tesla-extends-record-winning-streak-after-evercore-capitulates/ar-BB1cAvHe
(Bloomberg) — Tesla Inc. rose for an 11th day Friday, its longest winning streak, after Evercore ISI removed a sell rating on the stock for the first time in a year.
Shares rose as much as 8.4% to a fresh record after analyst Chris McNally upgraded the stock to the equivalent of a hold, telling clients in a note that “whether we call it valuation confusion or valuation rotation, we have been on the considerably wrong side of Tesla for over a year now.” That came a day after RBC Capital Markets’ Joseph Spak said he got the stock “completely wrong.”
McNally raised his price target on Tesla to $650 from $225, which is still well below the $880 range it hit on Friday.
Just be glad you aren’t in the crowd that shorted Tesla $200 ago and are stuck in a breathtaking squeeze.
You have the perfect storm a genius owner, the “it” car for the greenies, an incoming moron whose said he wants electric vehicles to be the industry standard, the fact he sent two people into space for 1/27th the price of what the government projected etc.....
I expected a Friday fade, doesn’t appear to be the case. When I turned on the screen after morning, uh, ablutions, my brain couldn’t process whether it was up or down at first. My view is, any time is the right time to get off, and for that matter, any time is the right time to get in. A coworker told me last night that (family man that he is) he’d picked up a fractional share using Robinhood. :^)
Biden only supports things that he can grift some money out of. I don’t think that will work worth a damn with Elon Musk. Musk had better have his iPhone start his car for him for the next four years.
Yeah - one of my exit strategy thoughts is to sell when he announces spacex and/or starlink going public.
Elon’s been red pilled I doubt that will happen
I expected a short squeeze rally last year, but what we’ve been seeing hasn’t been that. The big shorts have made money and will lose some from time to time as those who turn out to be best at it continue to enjoy the same roller coaster. :^) And the stock price is so high, they don’t have enough cash and lack enough caution to drive the price.
At the rate Tesla’s been ramping production and selling literally every car they can produce.
Chinese demand for the Tesla models is stronger than they can build in Shanghai, I suspect the Berlin plant will not be able to keep up with EU / UK demand either.
The Austin plant will be building the Cybertruck, as well as battery packs. Battery production at the plant in Nevada could double or better over the next two years due to migration to new designs and methods.
It’s hard to believe that there won’t be announcements for plant construction in three or four other places, and those announcements will come during 2021. I suspect one location will be Israel, btw, besides the more commonly suggested India (to sell to the Indonesian and Australian markets, and elsewhere in the SE Asia / W Pacific). Probably a second plant in the southern US, but west of the Mississippi, will be on the list as well.
ARKK | ARK Innovation ETF
https://www.google.com/search?q=arkk
He was musing a couple weeks ago about consolidating everything — Tesla, Boring, Starlink, SpaceX, etc — into a single company that takes everything private. It’s probably doable, if they hurry before Brainless Joe and his handlers take over, but wouldn’t make a lick o’ sense. There are still company-held shares to trickle out when Tesla needs to raise money, and taking it private would wreck that and probably the company’s prospects.
I to am all in for Tesla....it’s been a great ride and getting better!!!
Tesla has doubled in price in 6 weeks.
The other company that Elon Musk owns is internet service by satellite is something to buy into if they offer stock.
Tesla
https://finance.yahoo.com/quote/TSLA?p=TSLA
I like to keep an eye on the Exit sign, but the durability of the TSLA rally hasn’t made any more sense than Amazon’s decades before it made money. [wipes sweat from brow]
A former exec from the GM-Toyota joint venture that built the Fremont plant where Tesla makes cars in the US stated, in an op-ed three or more years ago, that the physical limit of cars per year the plant could make was much smaller than Musk’s stated goal.
Turns out, the former exec was wrong.
The after-market fadeout on Friday was what I’d expected to happen during the trading day — up almost $64 (iow, $256 for the pre-split version) during the day, down 12 1/2 in after-market trading. I suspect that it’ll open on Monday a little higher than the after-market close, then resume the always-fun roller coaster, or as Paul Kangas used to put it, the Wall of Worry.
Its addition to the S&P 500 (which oddly has something like 504 stocks in it ;^) meant the index funds had to soak up something like 160 million shares. Avg daily trading volume is about 43 million shares. Friday’s number was 75 million. A caution about this is, as the price goes up, the number of TSLA shares needed to weight each index fund correctly will fall so they’ll sell ‘em off.
Tesla’s Crazy Valuation in 1 Chart
Looks pretty bubbly to this Fool.
Timothy Green (TMFBargainBin)
Jan 9, 2021 at 7:20AM
https://www.fool.com/investing/2021/01/09/teslas-crazy-valuation-in-1-chart/
OTOH
Billionaire investor Chamath Palihapitiya predicted Tesla stock will triple and Bitcoin will soar 5-fold in a recent interview. Here are the 15 best quotes.
Theron Mohamed
Jan. 9, 2021, 12:00 PM
https://markets.businessinsider.com/currencies/news/chamath-palihapitiya-investor-predicts-tesla-stock-triple-bitcoin-price-5x-2021-1-1029944974
I just went “house’s money” mode and am much more relaxed now.
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