TSLA Crashes to $5 per Share

[Cuddles]

Evs suck

https://www.teslarati.com/tesla-placed-bottom-consumer-reports-reliability-rankings/

The article is not a case for EV's sucking

 

[Cuddles]

Bricking doesn't matter if there is reduced demand for the car. Attacking your core EV buyers via TWTR debacle isn't helping demand. Losing those left wing liberal people is gonna be a big blow. It's definitely not the blue collared mid west people buying up those pricey Teslas.

I've pondered on this. TSLA had all the monied greenies already and the upper mid-class republican suburbanites made sense strategically. Most people (many on the left who don't hold grudges as long as righties) have no conviction so it doesn't matter if apple screws them on charging ports or right to repair, they'll keep buying.

 

[SunTrader]

Gambling? Lol, TSLA has been the mind f*ck of the last 2 years. Fan boys have been INCESSANTLY flaunting the fundamentals of this company...

You keep talking about going long ............... in a fackin' downtrend.

And I keep making the point, which you either don't get or are completely ignoring, is that real honest to god traders go short in downtrends.

Nothing wrong with being an investor - buying @ $100 - just don't confuse it with being a trader.

 

[lwlee]

You keep talking about going long ............... in a fackin' downtrend.

And I keep making the point, which you either don't get or are completely ignoring, is that real honest to god traders go short in downtrends.

Nothing wrong with being an investor - buying @ $100 - just don't confuse it with being a trader.

Dude, you seem to COMPLETELY miss the point when I said I was thinking about accumulating at the $100 or $63. This implies building a long position. Yet you keep talking about shorting the downtrend and BRN crap?? So that I can make it clearer for you, $100 price point is a FULL 33% drop from current $150 level. Dropping to $63, is another 58% drop. For many TSLA fanboys, that's capitulation. And when is a great time to buy? When there is capitulation.

Stop with the pithy pontifications/generalizations. Lots of scammers do that to evade taking a stance.

 

[deaddog]

Lol.. again comparing Tesla with others in the auto industry...

I just loaded up at 153 and have a bet with a friend... Tesla above 301 on Feb 29, 2023 I buy him dinner, below 301 he buys me dinner.

I haven't kept track, Vic, but your forecasts haven't been that reliable in the past.

Curious as to what loaded up means? I believe you said that TSLA was already your biggest position.

 

[Cuddles]

I haven't kept track, Vic, but your forecasts haven't been that reliable in the past.

Curious as to what loaded up means? I believe you said that TSLA was already your biggest position.

Musk is a genius and, like others in that rare space, is probably insufferable to be around. Good news is, I don't have to hang around him, I just buy his vision and follow through. Paypal, Tesla, Space X,... those are major achievements regardless of the palace intrigues.
And while most continue to want to value Tsla on its cars, Musk is already several levels beyond building his grand project and apparently more and more people like me are buying into it.
I'm not a sophisticated trader, all I do is buy and sell stocks, mostly Tsla. Up or down, I make money as long as I stay on the pulse. Making financial decisions based on hatred or love of the CEO seems incongruous to me.

I'm all in on TSLA but I'm not a groupie. Musk is an awkward guy. His delivery is awful, his train of thought is incoherent at best. The quarterly call was disappointing.
Yet, he is a genius. He thinks big and has the ability to carry his ambitions and implement. He is the Howard Hughes of the 21st century and we should expect grandiose failures. So far, so good.

...Musk, despite some annoying antics and awkward public appearances, is the genius driver who is making it all happen with his global vision.

 

[destriero]

Musk isn't an engineer and I can write better code and my only experience is in NewtonScript. The dude simply bought all the top engineers in the space (space).

x.com. If you knew someone's account number you could open a new account and transfer their entire balance. He was fired by the board.

 

[SunTrader]

Dude, you seem ...

... to not understand plain English. Ok, noted.

Let's move on.

 

[Rams Fan]

I just loaded up at 153 and have a bet with a friend... Tesla above 301 on Feb 29, 2023

Tesla will trade a $30 handle before it ever sees a $300 handle again.

 

[VicBee]

I haven't kept track, Vic, but your forecasts haven't been that reliable in the past.

Curious as to what loaded up means? I believe you said that TSLA was already your biggest position.

It's now my only position. I've said before, I'm both an investor and trader (40/60). My investment time frame is 5 years and trading is weeks. I don't day trade TSLA.
We're all gauging bottom and I believe double digit is nonsense, but I could be wrong. In my opinion, the downtrend is macro (and TSLA is holding relatively well) and micro (Musk is significantly negatively affecting value with his Twitter purchase and subsequent quagmire). The company's fundamentals and growth are solid and I expect the share price to rebound. My stated short term bet is close to, but below 301 by end of 02 '23, and over 350 by end of 2023.

I understand you're waiting for a clear reverse to the uptrend before going in. I also understand that you don't set expectations and trade on movements. Right?

In my short years trading TSLA, I vividly recall 2 instances holding back from entering, watching sudden surges of multiple % right before my eyes. Now I prefer to hold on to a small loss than to miss out on a big surge.