Tesla TSLA has topped

[VicBee]

I hope you're right and i wish you the best of luck.
I'm not anti Tesla, I'm pro some sort of risk control.
I get it with risk comes reward. You take more than I'm willing to so maybe I'm just jealous.

We could break down what risk is, to determine how much risk Tsla represents.
I simply don't see any risk with Tesla which has demonstrated phenomenal growth and continues to ramp up for further dramatic growth. I also do not see competition in the car market catching up for 10 years. In that time period Tesla will have morphed into a vertically integrated energy company with revenue streams no other automakers are structured to tap into. To sum up, Tesla has already proven its ability to generate cash like no other auto maker. By the time they come around, Tesla will also be competing with battery manufacturers, power supply companies, energy delivery optimization application companies, etc.
In my opinion, Tesla at 1600 is a conservative estimate.

 

[Overnight]

Should I rub it in a little more with today's 994? Ok, I won't say anything.

Sure, why not. You combine your nick with rubbing it in, and you get Vick's Vap-O-Rub. That's good shit.

 

[deaddog]

We could break down what risk is, to determine how much risk Tsla represents.
I simply don't see any risk with Tesla which has demonstrated phenomenal growth and continues to ramp up for further dramatic growth.

But what if you are wrong?

 

[VicBee]

But what if you are wrong?

Probability of being right is significantly greater than being wrong. If I'm wrong, I can always sell early and move on.
Tesla share price may not grow as fast as the company. For example, 2021 was flat until the surge in December that took Tsla to its all time high. But don't you wish you'd buy at 766 less than 2 weeks ago?

 

[Overnight]

Probability of being right is significantly greater than being wrong. If I'm wrong, I can always sell early and move on.
Tesla share price may not grow as fast as the company. For example, 2021 was flat until the surge in December that took Tsla to its all time high. But don't you wish you'd buy at 766 less than 2 weeks ago?

I had a third eye on that deal, and wished I traded stocks because it reminded me of the cattle issue from 2 years ago. Live Cattle dropped to 99 bux, and I thought, "No way it will stay that low." Sure enough, it did not, and now it is floating in the 135 range. Darnit.

 

[VicBee]

I had a third eye on that deal, and wished I traded stocks because it reminded me of the cattle issue from 2 years ago. Live Cattle dropped to 99 bux, and I thought, "No way it will stay that low." Sure enough, it did not, and now it is floating in the 135 range. Darnit.

I have a few of those, selling too early and watching the meteoric rise past me. True retirement amounts.

 

[deaddog]

But don't you wish you'd buy at 766 less than 2 weeks ago?

Not really. Didn't meet my buy criteria.
I've got to the point where I hardly waste any mental capital worrying about shoulda, coulda etc.
I follow a process that protects my capital while allowing the opportunity to capitalize on a rising market. Not worried about retirement amounts, I'm retired.

 

[VicBee]

Not really. Didn't meet my buy criteria.
I've got to the point where I hardly waste any mental capital worrying about shoulda, coulda etc.
I follow a process that protects my capital while allowing the opportunity to capitalize on a rising market. Not worried about retirement amounts, I'm retired.

Yeah, I'm also retired with few material worries, although I can think of a couple toys I wouldn't mind having with an extra mil.
I agree with the coulda woulda shoulda... very early on I decided not to let these mind games get to me. I just recall early trading days when either price skyrocketed up or down and I'd only stare in disbelief waiting for a reversal. I now know better, I think.

 

[VicBee]

Were F and GM previously trading at astronomical valuations?

Higher than almost all other auto companies in the world combined - did I miss that somewhere?

Anyway I suspect they all might be down further EOY. This has nothing to do with any long term projection concerning TSLA or any other auto company because it is ridiculous to even attempt to extrapolate current happenings or next year's to say what will be 5 years hence on the scale change happens nowadays - practically on a daily basis.

 

[VicBee]

https://electrek.co/2022/03/28/tesla-tsla-2022-stock-split-shareholders-vote/

Tesla (TSLA) announces another stock split; shareholders to vote later this year
Fred Lambert

- Mar. 28th 2022 3:57 am PT

@FredericLambert

Tesla (TSLA) announced today that it is planning a new stock split, and it is going to put it to a shareholder vote later this year.

Back in 2020, Tesla announced a five for one stock split.

At the time, Tesla’s stock was trading at around $1,300 a share, but the stock split announcement sent its stock price surging to a record high of $2,000 a share.

The split resulted in the price per share being reset at around $460 billion or $430 billion market capitalization.

There have been ups and downs since, but Tesla’s stock is now up 63% over the last 12 months, and it is now trading at over $1,000 a share again and at over $1 trillion in market cap.

Today, the automaker announced another stock split – pending shareholder approval.

Tesla wrote in a new SEC filing today:

On March 28, 2022, Tesla, Inc. (the “Company” or “Tesla”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of common stock through an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Amendment”) in order to enable a stock split of the Company’s common stock in the form of a stock dividend. Tesla’s Board of Directors (“Board”) has approved the management proposal, but the stock dividend will be contingent on final Board approval.

The filing didn’t include details about the proposed split, but more should be released with materials for the shareholder’s meeting, which is generally held in June.

Tesla also tweeted about the planned stock split:



The announcement today sent Tesla’s stock price up 5% in pre-market trading – or about $1,060 a share.

Traditionally, companies have announced stock splits to make their price per share more reasonable after their stock price has risen considerably. It makes the stock more accessible to smaller individual investors.

However, the practice has become less useful in recent years as most individual investors have moved to apps like Robinhood (US) and WealthSimple (Canada), which allow the purchase of fractional shares on big stocks like Tesla’s.