Jeez, why do you refer to people who believe that TSLA remains overvalued according to certain fundamental criteria, as "haters", this is so childish.
Tesla TSLA has topped
- Thread starter Master Pu
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Jeez, why do you refer to people who believe that TSLA remains overvalued according to certain fundamental criteria, as "haters", this is so childish.
You can measure a company's performance any which way you want, but choosing the ATH is probably the least valuable. TSLA is 23% below its 52 wk avg, not bad considering the extreme market pressure of the last 6 months. In comparison, GM is 35% below its 52 wk avg, while Ford is 31% below its 52 wk avg.
So while I choose to look back 35 weeks (to ATH) you choose 52 weeks and say it is more valuable.
As for GM and F yes they are competitors but they are not tech, yet, which is really what TSLA is. FAANGS are more appropriate and some of them have done better, some worse (particularly NFLX).
But this is getting away from shorts shutting-up.
The only thing driving TSLA's price upwards, or used to as time will tell, seems to be a bullish sentiment, which of course can be a huge factor by itself but whenever a stock is overvalued based on core fundamentals, don't be surprised when negative quarterly results send the price in a downward spiral.
https://seekingalpha.com/article/45...by-85-26-percent-and-not-a-technology-company
https://seekingalpha.com/article/45...by-85-26-percent-and-not-a-technology-company
What downward spiral are you referring to exactly? Using Seeking Alpha to validate a bearish spin on Tesla is risking being taken for a fool since they've always been bearish while TSLA has done formidably well for investors. They're the same people peddling Palantir as the next greatest stock and we all know how well that's going.
Tesla is going to continue to outperform in whatever environment for at least the next 5 years. The company is entering its era of mass production with 4 factories strategically located around the globe and will finally be able to meet global demand for its vehicles. I see no reason to be bearish, at all.
You like to move the goal post to make your point. It wasn't long ago you wouldn't budge that Tesla was a soon to fail car company. Instead it has consistently outperformed the auto sector since 2020 and is likely to continue to do so for years to come. You now want call Tesla a tech company because it's much more difficult for a product making business to measure against the titans of tech. But I'm not going to follow you down that pointless road to comfort your viewpoint. Tesla is a car company and a tech company and an energy company and a few other sectors which makes it very difficult for guys like you to value because it doesn't fit in your trenches.
Btw, I only bring up F and GM because you once did to belittle Tesla. How time flies.
Don’t judge book by it’s cover, read the article or don’t read it, valid points being stated. Your choice and opinion, all we are doing is stating opinions.
I'd rather call them educated guesses more than opinions. Basing your education on a media that continuously undermines a company either serves to confirm your own bias towards Tesla or, worse, shapes it. Perhaps you want to read media with a positive analysis of the company? In any case, Tesla is doing tremendously well but is not immune to the greater trends of the day. Yet, despite its recent stock price drop it is holding relatively well against its 52 week avg, and better than most companies in the tech and automobile sectors.
I receive Seeking Alpha daily in my inbox and know their repetitive bullish outlook.
Can you point me to a siiiiiiiiingle post I made that said Tesla would fail.
Thank you.
Meanwhile only and buy and holder no matter what happens, can come up with but, but, but it is "only" 23% under its 52 week MA and feel content and smug. Smug as shut the shorts up while ignoring the obvious, continuous to this point, downtrend.
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