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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

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Considering the low this morning....i consider the closing SP a victory. :)

What I whispered to holders of my puts at closing:

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Electrek - hour ago: Tesla (TSLA) erased $100 billion in value, but it could be worth $1 trillion this year, says top analyst - Electrek

Excerpt:

Today, the Wedbush analyst issued a new note to clients reiterating that he believes Tesla will hit a trillion-dollar market cap this year:

“If China stays on its current path for Tesla, Musk & Co. could hit one million delivery units globally by 2022. This speaks to our thesis that Tesla will hit a trillion-dollar market cap in 2021 despite this risk-off moment for EV stocks with the bears coming back to life after a long hibernation in their caves over the past year.”

He has a $950 one-year price target on Tesla’s stock, and Ives even believes that Tesla could reach a $1.5 to $2 trillion market cap within the next 2 years.

Ives is one of the top Wall Street analyst, according to Tip Ranks, an analyst ranking firm.

The Wedbush analyst ranked #104 out of 7,336 analysts on TipRanks with a 65% success rate and a 30% average return.

Ives will be on Bloomberg TV at 5:05 pm EST.
 
Making sure you all notice that the forums will be down all weekend according to the banner. Probably going to be extra stressful for me given the last few weeks and hoping this is the bottom.

Is there not a strong feeling that the stimulus bill will create a bottom like it did a year ago? I find it hard to believe 2 Trillion dollars could enter the economy and not have it cause a stock market boom. Is there something that makes the confidence I have in this unfounded?

dont forget, uptick rule for Monday and maxpain is 700 - I think - and triple witching on 19th also a 700 max pain. There’s a lot of incentive for MM to push the stock on Monday
 
Sheesh, I leave town for a few days and all heck breaks loose.

Not a good stretch for the home team, finishing off the week with a 4th consecutive ugly loss and putting the team under .500 for the first time this season. Perhaps today marked a turnaround in their fortunes after falling behind early by the biggest deficit of the year only to crawl their way back to a more narrow loss at the final buzzer? The loyal season ticket holders are standing by their team while an epidemic of twisted ankles from jumping off the bandwagon is upon us. History tells us this slump is temporary and the team will eventually return to their winning ways as Coach Elon finds ways to motivate and excite the players and fans.

Today
Score
: 597.95
Margin of W/L: -23.49
Attendance: 88,797,148

Season
Record
: 21-22
Total points in wins: 471.99
Total points in losses: -579.71
YTD gain/loss: -107.72 -15.26%
Avg points per win: 22.48
Avg points per loss: -26.35
Best W: 63.98 2021-01-08
Worst L: -68.83 2021-01-11
Last 10: 2-8
Streak: L4
 
I don't think you're really on target here. Quite the opposite. When retail traders buy high and sell low, whether voluntary or forced, it benefits monied interests. I firmly believe the entire system is biased in subtle and not so subtle ways to disadvantage the little guy, from the educational system to the financial media to broker's margin rules to SEC enforcement. Recognizing this is more antifa than bourgeois. It's an observation of how the world actually works, not a statement of how the world should work.
This is painfully obvious to me. Just look at the Gamestop deal. So much pearl clutching about all the "clueless idiots" gambling their money. Quick! We must act to protect them! ;) It's far to risky for bet on that sort of thing. Of course the powers that be have no issue allowing poor people to waste their money on lotto tickets or casinos. Those actions funnel money TO the important people, not away from them.

This also explains some of the hostility towards the stocks and funds that retailers love such as Tesla and Ark.