Tesla
Short

TSLA

For the following reasons, I am not convinced that TSLA can sustain the price > $1,000:
1. TSLA is starting to real face competition from OEM (VW, Mercedes, BMW, etc). So while it is still miles ahead of its competition (for now), it is not the only "major player" anymore. Honestly, I like Tesla cars, but if I have to choose between a Mercedes and Tesla, I personally would choose the former.
2. Inflation is not like those cute short-lived stories we hear on news networks. Inflation is not a meme stock either. Inflation is real and once it goes up, it sticks around for a long time. Prices of nickel, aluminum, and every other components making an EV are increasing.
3. Biggest question I have been asking myself is this. I already have a car, and $25,000, the car is working fine and it is easy to repair. Cost of gas is volatile, however it is certain that there is still supply. Would I be willing to take up a car loan at x% (no longer near 0%) and lock my self in debt for another 5 years for the sake of a new car? Personal answer is a resounding no. Tesla cars like any other vehicle is a depreciating asset.

I understand that there are a lot of people who are Tesla fans. Well, I am not gonna be a sore loser and trash talk here, so I say it before you do. Yes, I have missed the Tesla boat. Am I sore about it? Not so much, but will I be willing to lock my cash at $1000 per share on this stock? Most like not, I can use it for other trades.

I am sharing my own thoughts with the community here. You have spent 2 minutes reading it, but it does not give you a right to be a douchebag. So, don't be rude in the comments section.

<Mandatory disclaimer which I find retarded but need to say it anyway - This is not a financial advise. If you blow your money on any trade, it is your problem. Not mine.>
ValueWedge

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