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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
TSLA started tanking when GM dude said they are working on zero cobalt system. Well I didn't listen from the beginning, can someone tell when are they planning to implement these batteries? I mean the ones they are showing, not the zero cobalt ones.
jhm
Well-Known Member
February was an amazing month for trading Tesla. In prior months Tesla was launching into a whole new trading range and it was not clear how far it would go. So what did we learn in Feburary?
We tested peaks twice. The max was $969. And four days closed above $887. Definitely the market sees potential for prices to go higher, and there is much to be bullish about.
But naturally the market is also concerned about downside risk too. We saw the floor tests at least twice. The minimum price in February was $611. This was in the midst of the whole market massively freaking out over coronavirus. Much digital ink has been spilt here on this. But let's chalk this up as a very useful stress test. It exposed both macro fears as well as fears specific to Tesla. Even on that worst day where we touched $611, Tesla closed at $668.
Nominally this suggests a trading range $670 to $970. Maybe on the low end we could close the gap that was left in late January. This would imply a lower bound of $570. On the high end we see price target around $1070. So with this sort of one year upside potential, I see a ton of Cybertrucks backing up for shares under $670.
So my prognostication is that we will tend to trade in a range of $670 to $970 for the next 6 months. It's pretty healthy for the price to float around in the $700s for awhile as the market gets used to this new valuation for Tesla.
Enjoy the ride!
We tested peaks twice. The max was $969. And four days closed above $887. Definitely the market sees potential for prices to go higher, and there is much to be bullish about.
But naturally the market is also concerned about downside risk too. We saw the floor tests at least twice. The minimum price in February was $611. This was in the midst of the whole market massively freaking out over coronavirus. Much digital ink has been spilt here on this. But let's chalk this up as a very useful stress test. It exposed both macro fears as well as fears specific to Tesla. Even on that worst day where we touched $611, Tesla closed at $668.
Nominally this suggests a trading range $670 to $970. Maybe on the low end we could close the gap that was left in late January. This would imply a lower bound of $570. On the high end we see price target around $1070. So with this sort of one year upside potential, I see a ton of Cybertrucks backing up for shares under $670.
So my prognostication is that we will tend to trade in a range of $670 to $970 for the next 6 months. It's pretty healthy for the price to float around in the $700s for awhile as the market gets used to this new valuation for Tesla.
Enjoy the ride!
I won't give play by play on the GM presentation, but they are making hay of the fact that they are installing 3k EV chargers at GM workplaces around the nation. Yeah guys, come on. That should be obvious, like building a parking lot.
I've started migrating my trading account to TD Ameritrade from RH. TD definitely has a more sophisticated setup, but good lord is it ugly. Why can't I have the best of both worlds?
I've started migrating my trading account to TD Ameritrade from RH. TD definitely has a more sophisticated setup, but good lord is it ugly. Why can't I have the best of both worlds?
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sundaymorning
Active Member
ev-enthusiast
Active Member
Joe F
Disruption is hard.
Since I haven't seen a page full of
"OMG OMG OMG, IT'S HERE, IT'S HERE, OMG OMG OMG!"
I'm going out on a limb and saying, no, not yet.
Soon though, hopefully.
Wait till you link accounts and find that your information (such as phone number) doesn't carry over, so you have to login and fill in all the information number-of-account times to actually do anything with them--except you can't log in to more than one account at a time. No, you can't do it from the account you linked to, except for it's own items, it's look but don't touch.I won't give play by play on the GM presentation, but they are making hay of the fact that they are installing 3k EV chargers at GM workplaces around the nation. Yeah guys, come on. That should be obvious, like building a parking lot.
I've started migrating my trading account to TD Ameritrade from RH. TD definitely has a more sophisticated setup, but good lord is it ugly. Why can't I have the best of both worlds?
Sudre
Active Member
Actually in an IRA that allows option trading because you will not have to pay taxes.
Well if GM is the fat cat, it has already willingly climbed in and out of the bag before. It might go back to playing around and crawl back in again only to occasionally slip a paw out...
Either he deleted the message or my twitter is not updating properly. Did he just posted this?
It is still there: Elon Musk on Twitter
But since it is a reply the new "improved" Twitter web client doesn't like to show all of his tweets.
So odd to see a sell-off (well, maybe not with how manipulated TSLA stock seems to be) when GM is basically saying: (i) Tesla has done what we should have done years ago; (ii) Tesla has done it really well; and (iii) we are going to try to get into the EV market in a big way (but, we are way behind). Also, competition is good - backs-up the Tesla thesis, and will likely take away from ICE sales not Tesla EV sales.
LN1_Casey
Draco dormiens nunquam titillandus
Key feature, "Later this month." As in, end of Q1, so added to Q1 profit margins maybe?
Not sure myself either.
Ever since someone taught me to just buy and hold, I have time left I sometimes use to try to understand the market mechanics. And get confused. Anyway, I get your answer. Comforting. Thanks.
I have been hoping they could release Nav on City by end of the quarter for that exact reason.Key feature, "Later this month." As in, end of Q1, so added to Q1 profit margins maybe?
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