Bought TSLA stock today

[Crissa]

The more news says the CEO is sinking the company, the more the company's stock will sink. Image and narrative over hard numbers.

-Crissa

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[android04]

I put in a buy order for about $2000 worth of stock today (won't take effect until tomorrow). I plan on holding it for years along with some other shares of TSLA that I have.

 

[HaulingAss]

The more news says the CEO is sinking the company, the more the company's stock will sink. Image and narrative over hard numbers.

-Crissa

Yes, and that spells opportunity for savvy investors. Because the bigger the disparity between common perception and reality, the bigger the potential profit and the lower the risk.

Wall Street regularly orchestrates false narratives that take the share prices of good companies down further than they should ever go from recession alone so they can profit from their fake news. It's easy to do in a recession because fear and the unknowns run high. This has been going on for decades and yet people continue to fall for it. The ones who see through the misleading guidance, profit the most.

The same thing happened in spring of 2019, when I started building my position in TSLA. Tesla's success was obvious from graphing the trends of sales, revenues and the dropping costs of producing more cars. Which means the current situation is surprisingly analogous to that of early 2019.

 

[SolarWizard]

buy order went through at $109.87 (I have a weird thing about numbers ) I suspect today is a little punch up to close out books but I figure at most I have an 23% downside in short term but long big return. If im lucky enough that it goes to $90 ill put a quad motor CT in and likely just flip all my pre orders till I get my return instead of keeping the first as planned.

if it drops to $60 I probably skip buying one forever out of sheer spite ?

 

[charliemagpie]

IF it all doesn't go down the drain, but recovers and goes to humble plan, I have happily resigned myself to being satisfied with what I will have and not worry about the last dregs.

Buying the dip, I estimate I have been able to purchase 300 extra shares. This was a cherry on top.
If I had waited, I may have picked 200 more. Either way, it only affects an inheritance figure down the line. They had enough already.

My work is done. My purchased have finished. Hopefully 2023 is my last financial hurdle to jump through.

 

[Ogre]

A while back (pre-split) I said my budget for a Cybertruck was 69x the share price.

Split adjusted that means Tesla needs to release the Cybertruck for $25,000 or I’m in trouble.



Not really, it was arbitrary to being with, but shows how crazy it’s been over the past 18 months.

 

[HaulingAss]

I'll leave you to your valuation models while I keep using the same core valuation methods I've been actively using for over 30 years. Maybe we can meet back here in 2030 and compare results!

 

[Ogre]

What? So if Tesla has a blow out 4th quarter it means nothing?

Whatever you are smoking… keep me away from it.

 

[charliemagpie]

This is true if we are having a coffee and discussing the last 3 months.

Sometimes there's a recession. But that sorts out too.

In 3 years, when Tesla is making 100 Billion net per year, public sentiment has little to do with today's price and the price it will be then.

Performance wins the arm wrestle.

People get over it. Case in point : We buy a lot of VW and Toyota

 

[charliemagpie]

The stock comes back to comparable profits

 

[Quicksilver]

Bought 5 more shares this morning.
Anybody want to buy a firetruck?

 

[Crissa]

Very little of the stock drop is due to him being a troll, despite the narrative.

-Crissa

 

[Ehninger1212]

Very little of the stock drop is due to him being a troll, despite the narrative.

-Crissa

The Media loves to sensationalize Elon and Tesla. But the reality is this is a broad market sell off. Apple also just hit a 52 week low.

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