Had to go 100k in TSLA to average down and get out

davelloydbrown

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You perfectly describe the prevailing narrative (expectation) about Tesla. It assumes tesla's growth story is over. That may be the current expectation, but it is short term thinking. When expectations are for no growth, and all the sudden something changes to show promise of strong growth to come, there can be immense upward pressure on the stock price. IMO this is inevitably going to happen, it's just a question of when. Could be years. Or it could be during the Q1 earnings call.

P/E is currently 40, which is quite reasonable for a growth stock. Over the last 3 years Teslas PE has ranged from 31 (very briefly) to near 150. Most of that time it was between 65 and 90. That shows investors consider Tesla a tech company, not an auto company.

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https://ca.finance.yahoo.com/quote/TSLA/key-statistics

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Platinumsmith

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Possible but not likely, grabbed some at 164 too, but not to sell, holding to 300 or more who knows. Just need 500 shares in case they have another accelerated delivery promo lol but I started at $22 so I’m averaging up now. If it hits 125 I might have to dump your kind of money into it, pretty confident in the longer term!
I’ve got 1900 shares, didn’t get me anywhere
 

davelloydbrown

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Lol so I'm guessing you haven't heard of Tesla Energy products, the AI / Fsd software, Optimus, etc. As for no growth, that ignores market conditions everyone is facing, as well as an upcoming mass market vehicle.
Oh how about neurolink and the boring company and how did the hyperloop work out? I once drank the purple juice but quite honestly Elon is like a kid with ADHD, he gets bored with the old stuff and is always looking for the next thing.

Elon has left tesla and is spending all his time on x and grok or the next thing that interests him. I used to think that tesla had better batteries and software and innovation than other car companies, but byd and a host of other chinese phone/ auto companies are kicking tesla's butt..
 

electricAK

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Oh how about neurolink and the boring company and how did the hyperloop work out? I once drank the purple juice but quite honestly Elon is like a kid with ADHD, he gets bored with the old stuff and is always looking for the next thing.

Elon has left tesla and is spending all his time on x and grok or the next thing that interests him. I used to think that tesla had better batteries and software and innovation than other car companies, but byd and a host of other chinese phone/ auto companies are kicking tesla's butt..
You bring up a good point about Elon being distracted and perhaps not leading Tesla in the way he used to. But that makes me wonder about a potential catalyst for the stock: if the BOD were to approve a new compensation package for Elon, that could do a lot to improve the situation.

Never a dull moment.
 


jerhenderson

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Oh how about neurolink and the boring company and how did the hyperloop work out? I once drank the purple juice but quite honestly Elon is like a kid with ADHD, he gets bored with the old stuff and is always looking for the next thing.

Elon has left tesla and is spending all his time on x and grok or the next thing that interests him. I used to think that tesla had better batteries and software and innovation than other car companies, but byd and a host of other chinese phone/ auto companies are kicking tesla's butt..
Lol ok..... again... look at Tesla energy for starters.....
 

DumpsterFire

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Oh how about neurolink and the boring company and how did the hyperloop work out? I once drank the purple juice but quite honestly Elon is like a kid with ADHD, he gets bored with the old stuff and is always looking for the next thing.

Elon has left tesla and is spending all his time on x and grok or the next thing that interests him. I used to think that tesla had better batteries and software and innovation than other car companies, but byd and a host of other chinese phone/ auto companies are kicking tesla's butt..
Good points. Perhaps it’s time for a new CEO? Sometimes a visionary isn’t the best person to lead a company that has matured for nearly a decade.

That being said, my truck is fucking awesome! 😂😂
 
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I had 1000 shares and sold 1/2 at 230 (my cost is around 170) and bought 20 puts (210, 190) which I have since sold for a profit. I still have 500 shares and 170 puts which I will probably sell (puts) after the first quarter earnings call, but doubt if I buy more stock unless it goes to 100-125. The money I got when I sold 500 shares at 230, I bought MSFT, GOOG and NVDA. My 100 shares in NVDA is now worth more than my 504 shares of TSLA.
U might look into selling your 504 @ $170 shares at a modest profit to reposition at a lower price. delivery #'s coming tomorrow. Wells fargo now has a $125 price target. Interesting week
 


jerhenderson

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You bring up a good point about Elon being distracted and perhaps not leading Tesla in the way he used to. But that makes me wonder about a potential catalyst for the stock: if the BOD were to approve a new compensation package for Elon, that could do a lot to improve the situation.

Never a dull moment.
What's so stupid about the 'omg Elon isn't at Tesla 24/7 anymore' fear is that he's had his brain spread into many projects for quite some time... and more importantly - HE HAS HIRED SMART PEOPLE. A very poor manager does everything him / herself.
 

jerhenderson

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Good points. Perhaps it’s time for a new CEO? Sometimes a visionary isn’t the best person to lead a company that has matured for nearly a decade.

That being said, my truck is fucking awesome! 😂😂
The especially dumb thing about that post is that Elon hasn't left Tesla. Not all all.
 

davelloydbrown

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U might look into selling your 504 @ $170 shares at a modest profit to reposition at a lower price. delivery #'s coming tomorrow. Wells fargo now has a $125 price target. Interesting week
I also have 10 puts so I am good if it goes up or down- will wait until at least the Q1 reporting befoe I sell the puts.
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