@alarmguy @macarose @SC Maintenance
What will the stock do? Time will tell. A roller coaster for sure... I'm bullish!
Oh yeah, my TSLA is still in the black, showing a nice paper gain. Ya can't win if ya ain't in the game.
I agree, using your own words, you can’t win if you’re not in the game.
I’m sure you know I acknowledge is nothing wrong with being bullish on a stock. Who knows?
OK, back to being in the game, believe it or not I care about people, average Joe public.
Investment advisors all across this country were advising people to buy Tesla stock at double the price and everything in between including to some people in here.
It just didn’t make sense for someone to be advising to buy a stock at the multiples it was selling for in the automobile industry, and the sad part is those average people took a bath, some of which could not afford to.
The warning signs were all over the place, market share started to fall, cutbacks in production started taking place, price cuts started taking place, sales growth cut in half from what its own CEO said they needed for the company to grow. Now that sales growth just hit a negative for the first time I think four years.
All this is great if the stock was selling at 10 times earnings, but even at the current valuation of 40 times earnings it’s way too much money.
We also have to acknowledge electric vehicle sales in the USA not necessarily the rest of the world seems to have hit a brick wall meaning all manufactures now have electric vehicles and it seems like we approached a point where there was almost too much production and cars sitting on lots for the first time.
The good news, Jeff is, I think at this point the only sure thing will be as accurate as flipping a coin.
By the way, just enjoying this discussion in a friendly manner and by no means, does this mean in another year or two this stock can be the best thing in sliced bread again then again so can many others