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Link?Everyone should be listening to this Twitter spaces With Elon.
Agree.His comments are making me think Tesla lowers prices in the US in 2023 even with the IRA rebates.
Musk was talking about lowering prices back down once demand dropped. Well here we are.
Well it is expected it will be adding lower priced SKUs like the Austin Model Y AWD SR (which so far is in very limited availability in the US and not available on the website)His comments are making me think Tesla lowers prices in the US in 2023 even with the IRA rebates.
I went to his twitter page and clicked on the purple circle around his profile imageHow do we do that?
I'm only using emotional margin, which gets called every 5 minutes recently... but no, no margin for me, if I had gone down that route I would likely have been wiped-out years ago. As it was I got wise to leverage too, but came away relatively unscathed, played with put spreads a little last year at the right moment Sep-Oct, realised the immense risk and stopped a few weeks before the Tax Poll, Elon selling and the beginning of this long, hellish declineWhen TSLA gets back to 160, I would sell 200 CCs and buy 120/100 put spreads expiring in March. Either you lose your shares @ 200 or get $20 per share as cushion for your account in the end with $0 upfront cost. I would do this only if my account was constantly on the verge of getting margin calls. 160 is just a good spot to start hedging. In June 2019, once we have bounced from the low @ 12, we ran all the way up to the 200 weekly SMA before pulling back. Right now that SMA is at 160. I'm making this plan without knowing what P&D will look like but will update once we do know.
I thought the lower the PE the better, but in that case the lower the PE, the lower the valuation??For me, 40 PE x 5 EPS (2022) = $200 at least.
I also suffered through both the AAPL and TSLA declines. They were equally painful and unsettling. One is just much more recent.I think the end of quarter numbers will be light from what most analysts are predicting, even the bullish ones. I do think Tesla might do well with gross margins as Elon has said that he sees the recent inflation numbers coming down ... but that still leaves us with almost a month of negative news stories that could drive this price down sub $100 ..... hard to believe. This is, by far, the worst downturn I've experienced in any stock and Ive been in the market for almost 30 years. I thought it was bad when I held AAPL and watched it go down 50% for about a year before recovering to new highs but this one is tougher.
1) Down almost 70% from highs
2) Management at Tesla is questionable at this point (That's really not debatable, Elon's a wildcard)
When I held AAPL , I was as confident as could be and it turned out fine .... I wish I could say the same about TSLA but this one has me really shaken.
I'm still way up from my initial investment but I've lost several fortunes in the last 12-16 months.
Hope everyone is hanging in there .....