Haven't followed TMC or the TSLA stock price for some time now, but today I was able to take in a snapshot of current affairs.
I have to side with
@Krugerrand (who has posted similar comments to fight the heavy negativity spewed by bitter investors in the red). Yes, the stock price is depressed and many of us believed we'd be above $400 by the month of May 2019, but we all know the TSLA stock price moves in mysterious ways.
All I am noting currently is the following:
- the long term Tesla Master Plan is still unfolding as intended;
- there is no indication that Tesla will not make the (conservative?) financial guidance expressed in the Q1 ER conference call;
- the competition regarding BEV's has not increased in the recent months, i.e. nothing has changed in that regard;
- the Tesla Autonomy Event does not sit well with many, since nobody really believes Elon's predictions. This should however have no influence on the stock price since robotaxi's or FSD weren't priced in to begin with. (Only with ARK)
I'm not going to "buy this dip" since I have invested as much as I am comfortable with, but I am not stressing out about my investment in TSLA either. When morale is as low as it is here today, the bottom is likely near (barring macro).
I'm going back to hibernation, not checking the TSLA ticker for days at a time (can't tell you how much more relaxing that is than keeping tabs on it every single day, I get warned by an app in case of 5% moves in either direction so I never miss out on huge days).
Good luck to all longs, stay calm, stay focused.