Is Tesla overvalued?NASDAQ:TSLA is the fifth largest listing on TradingView based on market cap and has been a huge center of focus within the investment community, whether it is the more seasoned investor or trader to the inexperienced speculator who throws money at Bitcoin and various growth companies. Despite all of this there are many factors that the majority of the investing community fail to acknowledge or believe it doesn't affect the company's performance.
Personally despite the crazy stock prices and lack of build quality within their physical product, I have a considerable amount of faith in the earning potential of Tesla for a couple of reasons. First of all, one should notice that at the time of writing Tesla's PE ratio is sitting at a whopping 370.66 (comparable to the firms during the dotcom bubble) and they have a considerable amount of debt but nothing that threatens their operation or is completely disproportional to any other company. It certainly would not be appropriate to compare them to other solely electric automotive manufacturers as their financial statements often seem less welcoming than Normandy beach on D-day.
On the contrary to all the fore mentioned facts, Tesla's earning power has increased considerably between 2019 to 2020 and is looking towards the upside for 2021. In the past 4 years, any deficits have turned to income and their overall assets has increased consistently. Quite frankly, considering the speculative factors, such as the management of the company and their overall market monopoly, Tesla appears to be a rather profitable long term investment. Electric cars seem to be inevitable considering the carbon emissions issues and the fact that any other alternatives such as bio-fuel and hydrogen cars don't seem to be covering as much ground as quickly, and their market monopoly will keep the firm in good stead for the future potentially forming the "next Ford Motor Company" according to a reporter from Bloomberg.
Once again, all opinions and comments are greatly appreciated, I thoroughly enjoy listening to others' opinions and perceptions of the market.
TL;DR: Tesla is beginning to look like a promising investment for the long term as their financials steady and seem to head for an upward curve.
EV
$FCEL | WEEKLY WATCHLIST 11/29Triple nested 1-2 setup sitting on falling wedge support. As long as $8.60 holds, I expect another leg higher to $14.59 by December 17th.
Yes, I am aware this is quite an aggressive prediction, however I'm using past data with how FCEL likes to behave indicated with the red/green boxes.
TSLATesla is actually quite simple to chart here. There are some simple support and resistance .. in honest long run I'm long on TSLA and think this will surpass it's past ATH pretty soon especially if crypto and bitcoin experiences a move to the upside drastically.
This is the BEST STOCK IN THE WORLD i hope you guys understand that .. once this bubble is done in the market this stock will rebound and go crazy to the upside regardless.. think about it and please get ready to invest into this company. Simply Elon is someone you want to invest your money into.
LVLS !!
SUPPORT
1100
1089
1046
RESISTANCE
1120
1150
1187
ANY move on price action in between support and resistance you can scalp and make some good money off the movement. TSLA can make your account become really big quick or shrink your account even quicker -- be careful
Support & Resistance Zones Mapped!LCID had a nice run. The Bears have rejected the upward momentum twice but LCID is still looking strong based on the S/R zones shown. Do you think it will pump through the current resistance or will it dump below the diagonal support shown? I think it will touch the diagonal support but after that, I'm not too sure. A great EV company overall, so let's see how it plays out.
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
$WBX to $18 by Nov 30Wallbox is a Barcelona-based EV charging company that uniquely provides affordable home chargers for global customers.
Their CEO is a former Tesla employee and the company has recently teamed up with UBER and SunVault to help expand into the US market.
Expected EBITDA to be profitable by 2024 (remember, we're nearly in 2022!) with in-line revenue targets consistently reached as well as overcoming supply chain woes.
A fairly underappreciated EV stock amongst traders and investors alike, though the upcoming US infrastructure bill and pre-existing EU subsidies for EVs, will continue to add value to Wallbox's share price.
We have a modest price target of $18 by the end of the month with significant upside in the long term. Wallbox is a great backbone stock for those who missed or caught late the EV super trend.
Nio~nio looks to be in the midst of completing this very long phase of consolidation \ accumulation.
currently above ichimoku cloud and poised for a breakout.
i've counted it as an abcde \ triangle for the primary wave 4.
if it breaks out of this triangle, catch the bullish retest of it, and let it ride.
upside target is hard to calculate for something that went this parabolic, but i'd give it $100+ at the minimum.
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update to:
Cup and Handle on LCID (Lucid) to play out? Scenario 1 - Biggest thing to note is the cup and handle playing out on the larger timeframe.
This is a more likely scenario bc it could utilize the .382 retracement.
Although historically an ultimate rejection and retracement after a huge bull run gave us the .75 retrace.
This would be scenario 2, a retrace to the blue fan line. This is an ultimate reversal indication.
The green arrow is not drawn in time scale. This is the handle of the cup (possibly) in scenario 1.
A retrace to the .75 would be a possible buy zone to me unless the reason for retrace was extreme bad news for the company
and it was obvious capitulation. In scenario 2 a bounce off the lower 30s with confirmation would be a possible buy zone as well.
Or scenario 3 this thing just rips and rips. If that then I scratch all this and move on for now. Please critique me!
Lucid Ponzied - Double Topped BlowOff - EV Mania - SellSign of the times. Everything rally has expired weeks ago and morphed into what goes up must go up some more. What used to go up, better go up some more. Not how it works. The US5Y is rippin' with the US10Y. Go small cap gems.
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$RMO we hit and quit for a 18% gain*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: On November 2, 2021 my team entered lithium-ion battery company Romeo Power $RMO at $4.45 per share. Our first take profit was set at $5.25.
$RMO released their 3rd quarter earnings report today after market close. In this report they reported a loss of $0.20 per share on revenue of $5.8 million. After this announcement $RMO experienced a very brief price jump to $5.70, but since then it has trickled back down to $4.78 per share.
My teams first take profit was hit post-market at $5.25 per share today. We sold all of our shares at $5.25 as we anticipate $RMO to stay within the $4-$6 range until they get around to announcing their 4th quarter earnings. We believe that this price range is a fair estimate, however this could change on the drop of really good or bad news.
We still believe in $RMO long-term, however we did not have enough sentiment to continue holding once our first take profit was hit today.
My team has made a gain of 18% from this trade.
Congrats to those of you who took this trade with us.
ENTRY: $4.45
TAKE PROFIT 1 (HIT): $5.25
TAKE PROFIT 2: $7.00
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Hertz Ponzied - Gap Down Sell Off - Avoid the FOMOMeme stonks are about to collapse with crypto. Valuation matters. Rising rates US5Y new multi year highs. Finally. That's great for small cap gems.
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