Well, finally caught up.
re-
@StealthP3D I've always thought Tesla was a good buy, I wouldn't be all in on one stock for the past 5+ years if I thought otherwise. Relatively, you're kinda new here
<3 (and quite welcome, tbh I would've done much better if I was on MSFT too then came over when you did)
For me however, the confirmation of these events unfolding does help immensely, the Y the truck, giga shanghai. Hitting the yearly production target, all these things gave credit to a CEO who was renowned for being overly aggressive and late on targets and nobody would believe them. We know they were internal targets but the world didn't. Not everything said did get done either, pretty sure Autopilot was supposed to do a cross country trip on it's own end of 2019, I don't fault them for that at all but just saying nothing is certain.
Yes the high SP gives a lot of conviction to my theories in earlier times however, I give a lot of value to these items for the future looking brighter now than June did:
Elon's credibility
Relationships with governments, Trump/China
improved credit ratings (soon?)
Tesla putting in writing that they expect to be profitable going forward !!
Way more cash on hand
Tesla gets the suppliers they want, and therefor all the battery supply
Easier to hire employees when a growing company offers stock awards, harder when the price waffles between 180-380 forever. See Grohmann refusing shares wanting cash instead (silly engineers!)
Competition is well, that's not even the right word any more.
Using tech analysts to understand the company opposed to Auto.
GENERAL SENTIMENT, may be the biggest of all. Sure the rise was eventually expected for you and I but this brought the company into the spotlight for millions and millions of people. This helps demand for cars, demand for roofs, demand for shares, again reducing the need for advertising. I think it's wonderful, the more people that learn they can expedite the transition to a greener world the better.
To reiterate, I created this account after lurking for a year+ to fight FUD, it was everywhere. Now? the weather's pretty nice in Longville.
These are solid accomplishments and very much deserve to be celebrated.
And that doesn't mean I think the stock is more likely to go up 400% from here in 6 months than it was from 180. I do think it means we will have less pullbacks or at least much less dramatic pullbacks in the SP. 960 to 650 was not as bad as we've been through.... and turbulence is expected right now. I'm used to the drop 50% in 3 days then take 8 months to recover situation.
This list is probably 20 bullets too short. I believe there's a reason everyone is piling on now, and not back in June, Tesla now feels like a safe place to park your money for the average investor/institution for a solid decade or two. Before it was just for the informed and the risk takers. My timing sucked, missed 2013 and bought TSLA while the all the tech stocks went wild. Any of you pre 2013 buyers, you're all just mad risk takers, and we love you.
We're clearly on the same team, I'm just trying to make sense of the rally as to determine my next move.
Which isn't a question of in or out, but how much leverage.
In....hodling, bullish af last 5 years. Honestly I thought you guys and gals were more bullish, not seeing a lot of 100x 's