The case for a 3-5 year Flat price TESLA and/or a drop to $400s
Can Tesla remain flat for a while or drop 20-30% till it hits the lower part of the trading ban?
In the age of PE compression, higher rates, and the return to lower growth levels, Tesla stock has lots of room to either correct in time, sideways, or correct in price and time similar to 2013-2029. I'm an investor since IPO and learned a lot from cross-referencing the price vs. the news and sentiment. MI think we have reached a near-to-mid term top.
Strategy: I would be accumulating this name on a regular basis if I was an investor with a long-term investing strategy but I would curb all short-term profit expectations for 5-10 years out. I would also hedge my position by buying a small basket of foreign competitors just in case I was wrong. In 2010 the only competition I knew of, Fisker, never made it post pre IPO and was sold for a few mil, today the competition is fierce by every auto name under the sun. Thanks
In the age of PE compression, higher rates, and the return to lower growth levels, Tesla stock has lots of room to either correct in time, sideways, or correct in price and time similar to 2013-2029. I'm an investor since IPO and learned a lot from cross-referencing the price vs. the news and sentiment. MI think we have reached a near-to-mid term top.
Strategy: I would be accumulating this name on a regular basis if I was an investor with a long-term investing strategy but I would curb all short-term profit expectations for 5-10 years out. I would also hedge my position by buying a small basket of foreign competitors just in case I was wrong. In 2010 the only competition I knew of, Fisker, never made it post pre IPO and was sold for a few mil, today the competition is fierce by every auto name under the sun. Thanks
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