What in the name of Gin and tonic are we talking about.
Sell your house and move in with mon and dad. Go to blackjack
school and hang out in Vegas? Go to day trading school?
There are a lot of supper duper smart folks here, but I would not
take stock tips from the Pope himself. Go to a finical adviser or
better yet an investment bank. Run this by them.
Sorry, early happy hour, got to buzz off.
This could not be any simpler in my single view. You have another car and you work from home. You are questioning the purchase and what you are getting out of it. Depreciation aside, if it’s a lose situation for you, cut losses and use the money on an appreciating asset (not tsla per say). A car is not an investment, I don’t see any robotaxi thing happening for a while nor would I send my car out to do it. You sound like you are developing a good financial sense. It’s what let you get this car and it will let you get another if you listen to it and build wealth intelligently. As another said, I would not get financial advice on a car forum. You will find people who like cars or at least this car. See previous statement about cars being reverse investments. Just my .02
I can’t help but feel that not only is Tesla’s current success already priced-in but also a lot of future success as well. I’m looking at a medium term pullback, especially if the entire market moves that way sometime next year. Looks bubbly.
if there is a pullback or a dip, I would def buy and maybe you want to be ready for that. however the current price seems a bit much at the moment.
I would invest in real estate in a growing region or some other asset than the stock market right now.
"All that you hear is opinion", mine is I wish I had kept the '99 Dodge van 3 more years and put the $60K into the stock. I would be able to buy outright and have lots left. < Hindsight.
A friend invested 120K a bit over a year ago when it was in the 300's, Yeah, do the math. I was wringing my hands thinking "it's awfully expensive." 4 months ago I cashed in a 35k life insurance policy and bought at 1,500 a share (I was thinking exactly the same thing - "It's awfully expensive.") I am at 90.48% return now.
Look man, I'm a retired blue-collar and not smart enough to play the market, but I have followed this company for the better part of a decade which is the only reason I invested.
My opinion of the company and its potential is positive. My advice is to research, and follow your heart.
- If you're not going to use your car you should sell it
- Invest the money in something, but spread the risk out. Tesla has already mooned. It might moon again, but there will be a dip. Checkout M1 Finance and buy a pie that meets your investment criteria there.
- Get an e-bike. A long range something from RadCity.
Yeah ... with some small print:
1. Covid is not forever; it fact it can probably measured in a few more months
2. That other car is not his
That will certainly lead to bubbles, but I suggest you consider investing based on longer horizon valuation estimates. At a minimum, it will help you live life rather than stare at the daily stock chart. And you are a lot more likely to like the result in a decade or so.
However, the meteoric rise of TSLA was not because the future was priced in.
What seems expensive now won't seem like much in 10 years,
I do consider longer term valuation and this is my point - no one can show me a DCF model for Tesla 10 years from now that shows why they are worth a $500B+ market cap. You have to have some incredible assumptions about number of cars sold and profit per unit to arrive at that large of a valuation, which is substantially larger than any automaker has ever been.
I understand this sentiment and realize i'm repeating myself, but how do you know that the future isn't priced in and how do you decide what TSLA should be worth in 10 years? You're thesis is that they will be significantly larger than the $500B company that they are today which is already assuming massive increases in revenue and profit.
For example, TSLA has a price/sales ratio of 15-20 whereas peers (Ford, Toyota, GM) are closer to 0.5. This means that Tesla is already valued 30x times more than peers on a revenue basis AKA people have already factored in massive future growth for the company. These sorts of ratios are off the charts with TSLA because people are waiting for future growth and now its just a question of what is a fair price - which is very hard to accurately determine as evidenced by this thread
I follow ARK too
Cathie Wood is a RockStar investor.
I think the major disconnect is that we're in the midst of technological disruption.
It also happened about a hundred years ago.
Things are changing. Within my life, it was science fiction to power transportation on sunlight.
Tesla has moats around it, you mention the supercharging network, that's one. There will come a day when those can also be powered by sunlight.
Steve Jobs recognized the potential of convergent technologies and combined many of them into a handset.
"It may be the greatest contribution of the innovator to realize the full potential of the known."
Here is another example withTesla energy. I'm interested to see Tesla influence the HVAC industry for residential and commercial as he did with automobiles and aerospace.
Define "too high". Many people say Tesla will be bigger and bigger in 10 years, but i'm not sure how you arrive at a target valuation. They already have a market cap larger than the biggest automakers and solar companies combined, so i personally wouldn't invest at these levels even though there is definitely some short term pressure.
I will probably be wrong, but i personally can't rationally determine a target market cap for TSLA that isn't much lower than where we're at today so i don't invest even though i absolutely love the car.
And who are those people?As far as valuing TSLA, it might be better to leave that to people who have a history of buying companies that rapidly appreciate.