TSLA Took a big dump today! WOW!

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TSLA PRE-MARKET $560.00
Tesla Cybertruck TSLA Took a big dump today! WOW! Screen Shot 2021-05-19 at 7.25.10 AM
 
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If TSLA falls BELOW $540.00 it will be in FREEFALL


Tesla Cybertruck TSLA Took a big dump today! WOW! Screen Shot 2021-05-19 at 7.43.06 AM
 
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Tesla Cybertruck TSLA Took a big dump today! WOW! Screen Shot 2021-05-19 at 8.42.56 AM

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A short rally but will the Dark Forces prevail?
 

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Would any "hypothetical new Mazda EV" company that
1. has grown 100% a year for a couple years.
2. based on current investments (new factory construction) should still grow 100%. for another few years.
3. Higher profit margin because better technology (in battery & manufacturing)
(battery tech: 4680, tabless, dry electrode, etc)
( manufacturing: non-stop battery fab, structural pack, front/rear mega castings).
4. Higher profit margin because NO dealer network that raises costs for new tech product that needs significantly less maintenance.
5. Better access to supplies ( complete batteries & raw materials. In early days to grow fast enough Henry Ford & Ford Co. owned, iron mines, limestone quarries, ore carrying ships, steel mills, forests, and more. Today the MBAs got rid of all that but that stuff was need to grow.).
6. Better top management being made of excellent engineers not MBAs.
(Yes, Ford & GM names are 100 years old. Current management is not same as those that built companies when there was high growth & multiple scrappy competitors. Today you have status quo maintainers.)


What is Amazon share price vs Walmart
Apple vs Nokia, Motorola, Blackberry
Samsung vs Kodak
Microsoft, Apple, Dell vs IBM, Xerox

Today, for Tesla stock, $900 might be high a little early but if today if share price was $85 (after split) it would be way too low.
 
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The previous post shows that the current price shift has nothing to do with Tesla or its fanboys specifically. Money is flowing out of the tech market that flowed in last year and is going elsewhere.

Last year there was nothing to invest in, because pandemic. This year there's lots of invest in.

-Crissa
 

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A short rally but will the Dark Forces prevail?
Today it bounced at 550ish. I agree that if it breaches 539 it could continue falling. My hope is for this multi-month down trend to reverse itself before that happens...which will depend on some GOOD news coming out. (Possible good news being a less-than spectacular F150 reveal tonight.)

I agree with the previous posts as well. TSLA is extremely overvalued. BUT, it's overvalued for some very good reasons (and also due to the absurd bubbleiciousness of this current whacked-out stock market).

It's 50/50 up or down in the short term. Will just depend on the news. My experience with this stock is that it will probably remain over valued, and stuck range-bound (Say 540-740?) until some big news happens, or the overall market crashes (which is inevitable).

If it keeps dropping, I'll buy at some point in the future when it seems way lower. I certainly believe the long term prospects for TSLA are excellent.
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