So roughly 1 year in 7, TSLA is close to fair value. The other 6 years are constantly referred to as short term and buying opportunities. We've been in our current buying opportunity for nearly 2 years.
The economy and general market state are playing a large part in the decline of TSLA, but I think the lowered expectations for Q3 P&D is part of it too. Plus most auto stocks are quite down today as well.
It is true TSLA just can't seem to catch a break, but I'd say that's largely due to the insanely high options market centered around TSLA. Our stock is a plaything for the money makers right now, and until something happens to break it out of that rut I don't think we'll be seeing anything close to ATH's for us.
It's why I stick to my opinion we won't cross over $415 again until late 2025, no matter what positive catalysts occur. I don't think Wall Street will let us go that high until they are positioned for it and have exhausted the options game around TSLA, and I don't see that happening for a few years yet.
Long term TSLA is going to Mars, but short term we are stuck in the mud at Boca Chica. In my honest opinion.