Tesla share price

consciousobservation

Tsla is the biggest cult stock. Read the comments under any of the many YouTube channels which do nothing but sing it's praises. There's people who are 100% in one stock and putting everything they can spare into it. When it pops a lot of people are going to get burned.

GazzaBloom

Get in Tesla now before Battery Day on 22nd September. If Elon Musk announces any breakthrough battery life technology, as is being speculated, the RobinHood millennials and YouTube fanbois along with the more adventurous fund managers will pile in with cash and call options and drive the price back up.

kinger101

Devil's advocate.

Rather than buying the recent dip, or waiting for it to hit $360, wouldn't it have been much better to have invested the money sooner when the shares were much cheaper?  Based on the readjusted values, the 3 Sept "trough" was still more expensive than 25th of Aug, and even if it hits $360, you could have purchased at the equivalent of $330 on 14 Aug.

Hoarding cash to buy shares which were much cheaper less than one month ago seems the antithesis of timing the market.

 

DireEmblem

Username999 said:

On 14th August my top up target price was $1100 ($220).
No one told me it was going to $2400+ in a month!! 
I've raised that to $1800 ($360).
But it's a manual trade so depends what happens on Tuesday.

Are you sure that you, along with other investors, are not investing in a bubble?  Its P/E ratio is insane.  Its cars are out of reach to most at the moment, although their power wall is an interesting concept but not sure its quite there yet.  A single unit can provide 13.5kWh, so more than enough for most homes as a backup.  Its potential ability to sell back to the grid is very interesting, but not enough yet to offset the cost.  Comparing to a diy solution, actually appears slightly expensive in hindsight though.

Username999

DireEmblem said:
Are you sure that you, along with other investors, are not investing in a bubble?  Its P/E ratio is insane.  Its cars are out of reach to most at the moment, although their power wall is an interesting concept but not sure its quite there yet.  A single unit can provide 13.5kWh, so more than enough for most homes as a backup.  Its potential ability to sell back to the grid is very interesting, but not enough yet to offset the cost. 

Bubble? Possibly, it's certainly gone up too quickly for my liking.
If it is in a bubble and the bubble bursts, I think it will still reach a fair value of $1T+ market cap within 10 years.
So $1200 (ish) per share long term target.
Certainly has the potential to be more profitable than say Apple.
If they pull off the RoboTaxi, some battery breakthrough or monetize the billions of miles driving data they have then the sky's the limit IMHO, and that doesn't account for anything they do in the Solar arena.  
It's not my biggest holding and will never be more than 5% of my portfolio.

Alistair31

Username999 said:

DireEmblem said:
Are you sure that you, along with other investors, are not investing in a bubble?  Its P/E ratio is insane.  Its cars are out of reach to most at the moment, although their power wall is an interesting concept but not sure its quite there yet.  A single unit can provide 13.5kWh, so more than enough for most homes as a backup.  Its potential ability to sell back to the grid is very interesting, but not enough yet to offset the cost. 

Bubble? Possibly, it's certainly gone up too quickly for my liking.
If it is in a bubble and the bubble bursts, I think it will still reach a fair value of $1T+ market cap within 10 years.
So $1200 (ish) per share long term target.
Certainly has the potential to be more profitable than say Apple.
If they pull off the RoboTaxi, some battery breakthrough or monetize the billions of miles driving data they have then the sky's the limit IMHO, and that doesn't account for anything they do in the Solar arena.  
It's not my biggest holding and will never be more than 5% of my portfolio.

i really don’t see that at all. 

AnotherJoe

consciousobservation said:

Tsla is the biggest cult stock. Read the comments under any of the many YouTube channels which do nothing but sing it's praises. There's people who are 100% in one stock and putting everything they can spare into it. When it pops a lot of people are going to get burned.

That is the Company Much more than the shares.  It's all about the cars and other products. Highest retention rating of any car company by far.  
People made the same Comments about Apple 10 years ago. Overpriced, cult, sheep blah blah blah.  Their stock is now 10x higher. 

Who wouldn't want to own stock in a company whose customers are fans and devotees ?

AnotherJoe

DireEmblem said:

Username999 said:

On 14th August my top up target price was $1100 ($220).
No one told me it was going to $2400+ in a month!! 
I've raised that to $1800 ($360).
But it's a manual trade so depends what happens on Tuesday.

Are you sure that you, along with other investors, are not investing in a bubble?  Its P/E ratio is insane.  Its cars are out of reach to most at the moment, although their power wall is an interesting concept but not sure its quite there yet.  A single unit can provide 13.5kWh, so more than enough for most homes as a backup.  Its potential ability to sell back to the grid is very interesting, but not enough yet to offset the cost.  Comparing to a diy solution, actually appears slightly expensive in hindsight though.

It's only a bubble if you look at the last year. Look at the five years before that it did pretty much nothing. Same as Apple.  People take a long time to catch in to possibilities, then the stock jumps and everyone looks at the very recent last and says "bubble" without considering  what went before. . EV sales are somewhere like 1-5% at the moment. Over the next 10 years they will go to 50%. If Tesla's market share drops to half what it is now, the shares are undervalued. 

Back in the day Naysayers said "oooh look Apple is only 20% the smartphone market so overpriced" without understanding that Apple took 90% of the *profit' in the smartphone market. Same with Tesla. The new VW ID.3 is overpriced compared to Tesla model 3 and there's a cheaper "Model 2" on the mid term horizon.  And Tesla's margins on cars are 2x what legacy auto makes on ICE and infinitely more than Their BEVs since they are loss making. The very capable GM Bolt, better in several respects than the Model 3 (though a very different market) is a loss maker for GM. 

At the moment only the Koreans provide any credible competition (I bought one) and they can't do the volumes. 

And there's very little if anything on the horizon to compete. New cars are hyped years ahead, come out and are very expensive, have poorer range, don't have the Tesla charging network. 

I'm holding. 

GazzaBloom

Tesla stock went up in August due to SoftBank raiding the Nasdaq with $4BN of call options, put options kicked in last week and jolted the tech stock prices down. Has the elevator stopped free falling? we'll find out tomorrow when US market re-opens after Labour Day.

Options trader sharks messing up the market for traditional investors and buy hold mutual fund investors.
https://fortune.com/2020/09/07/softbank-nasdaq-whale-unmasked-stock/

GazzaBloom

AnotherJoe said:

DireEmblem said:

Username999 said:

On 14th August my top up target price was $1100 ($220).
No one told me it was going to $2400+ in a month!! 
I've raised that to $1800 ($360).
But it's a manual trade so depends what happens on Tuesday.

Are you sure that you, along with other investors, are not investing in a bubble?  Its P/E ratio is insane.  Its cars are out of reach to most at the moment, although their power wall is an interesting concept but not sure its quite there yet.  A single unit can provide 13.5kWh, so more than enough for most homes as a backup.  Its potential ability to sell back to the grid is very interesting, but not enough yet to offset the cost.  Comparing to a diy solution, actually appears slightly expensive in hindsight though.

It's only a bubble if you look at the last year. Look at the five years before that it did pretty much nothing. Same as Apple.  People take a long time to catch in to possibilities, then the stock jumps and everyone looks at the very recent last and says "bubble" without considering  what went before. . EV sales are somewhere like 1-5% at the moment. Over the next 10 years they will go to 50%. If Tesla's market share drops to half what it is now, the shares are undervalued. 

Back in the day Naysayers said "oooh look Apple is only 20% the smartphone market so overpriced" without understanding that Apple took 90% of the *profit' in the smartphone market. Same with Tesla. The new VW ID.3 is overpriced compared to Tesla model 3 and there's a cheaper "Model 2" on the mid term horizon.  And Tesla's margins on cars are 2x what legacy auto makes on ICE and infinitely more than Their BEVs since they are loss making. The very capable GM Bolt, better in several respects than the Model 3 (though a very different market) is a loss maker for GM. 

At the moment only the Koreans provide any credible competition (I bought one) and they can't do the volumes. 

And there's very little if anything on the horizon to compete. New cars are hyped years ahead, come out and are very expensive, have poorer range, don't have the Tesla charging network. 

I'm holding. 

I agree. I have Tesla held in the top 10 of 2 funds I am invested in, one in my pension one in my ISA. I think they are exciting and the construction of the Berlin Giga Factory will service the European market. Battery Day will be interesting on 22nd.

I dream of owning a Tesla Model 3 or maybe a new model not yet announced as my retirement car in 3-5 years...or maybe longer...but not 10 years!