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Are you also investing in Tesla?
- Thread starter Fr23shjive
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- Tesla Inc.
If he were trying to drive the price down to get back in, spewing crap here would be pointless. Maybe he got out for some reason that was anti-tesla and now wants everyone else to realize too? Also pointless. *shrug*
PV4EV
Member
Anyone else stock watching today ? Compared to the recent volatility, its more or less been flat-lining most of the day.
dmckinstry
Model X 2019
Yeh. If only it could keep up for the next 5 months what it's done this past month, I might be able to convince my wife that we can afford to buy a Model S. At least I know I could convince myself.
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Citizen-T
Active Member
I think we are going to fight at about this level for the next day or two. Getting above $35 is going to be extremely hard at this point. Watching very intently to see if we break it or bounce off of it.
Next few days should be very exciting.
Next few days should be very exciting.
Yeah. I don't know much about investing stocks, but we've hit 35 three times, and each time it's gone down afterward, so people might be seeing 35 as a great time to sell (considering the history), making 35 kind of a mental barrier. I'm sure we'll be through it within the next month or two though.
$35 is also the target price for at least one analyst, making it a natural exit point for some investors and trading programs.
Citizen-T
Active Member
$35 used to be the average of all the analyst's price targets. Since the last conference call several have raised the price targets, including some that have targets at like $30. I think the new average is probably above $35, which should help.
No doubt there is a lot of resistance at $35.
@JRodo802,
Just keep in mind that the vast majority of people that own TSLA shares are professionals. Most of them trade on technicals. For them, $35 is not a "mental barrier" it is the mathematically correct level to sell based on the charts. Or at least it was the last couple times. We'll see if the new models and price action set the bar a little higher this time.
No doubt there is a lot of resistance at $35.
@JRodo802,
Just keep in mind that the vast majority of people that own TSLA shares are professionals. Most of them trade on technicals. For them, $35 is not a "mental barrier" it is the mathematically correct level to sell based on the charts. Or at least it was the last couple times. We'll see if the new models and price action set the bar a little higher this time.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
I believe the $35 mark will be broken when an announcement comes from Daimler about the scope and magnitude of Tesla's deal with them. Does anyone have an opinion on when this might happen? Any "inside" news?
PV4EV
Member
In the past month many analysts had targets of $35, but after the recent Model X beta launch and financial statements half a dozen of those then revised the target upwards to around $39. JPMogan Chase are currently stating $44. There are also a couple still holding at the $30 point.
If Tesla shift 5,000+ Model S's in the next 12 months and hit their overall revenue targets of over $500m then I think the wider investment market will really start to take notice and come up with extrapolations through to 2015 which could explode the share price upwards.
It would be nice to think that in 9 months time the motoring media is awash with praise for the "stunning new Model S EV" and the masses really start taking notice, but there's bound to be some hiccups along the way.
By mid 2014, its possible that Tesla will have sold 20-30,000 Model S's or more, and 10,000-20,000+ Model Xs, and done a beta launch on the more cost effective mass market car, and Roadster #2, and done dozens of deals with other major players. I personally totally believe in what Tesla are doing, but don’t want to publicly speculate on future share price other than to say it could easily be very significantly higher than where it is today.
NigelM
Recovering Member
Probably...it's appearing everywhere right now, but should be short-lived. Any owner will tell you that you'd have to be pretty stupid or in a really exceptional circumstance for bricking to occur. Tesla is responding anyway:
Tesla Roadster EVs accused of 'bricking,' Tesla responds
[Tesla response]
IMO it should also just completely shut down. If I understand correctly, the juice is mainly being drained by the electronics maintaining the pack? Well, if you shut those down, you stop maintaining the pack, but you also don't drain as quickly resulting in a more likely chance that the pack will get rejuiced before it's completely dead no?
