Tesla Motors

[dualstow]

Amazing turnaround. Tesla is nearly $500 per share.
I never would have guessed it! Haven’t owned it for a long time.

I ended up in TSLA early this month as part of a trading system I have...+15% in a ~ week.

Nice!

[dualstow]

650

[Kbg]

+50% since I bought, absolutely insane. I don’t see it ending well. Normally when stocks go vertical like this it is a matter of time to see the reverse happen.

[dualstow]

I mean, who thinks they’re really worth more than Volkswagen. What a joke.

[boglerdude]

Tesla gets subsidies. Does Trump want them losing to China?

[Kriegsspiel]

Tesla gets subsidies. Does Trump want them losing to China?

Why would any American want an American company to lose to a Chinese one?

In a more general sense, I wish electric car companies all the best. I'm hoping that I currently own my last gas-powered car.

[Ad Orientem]

Tesla jumps 19.9%, biggest one-day gain in 6 years...
https://www.cnbc.com/2020/02/03/tesla- ... -time.html

This stock no longer inhabits the same plane of reality that I live in.

[boglerdude]

People like moonshots. Thus, the value factor

[dualstow]

$900

[Cortopassi]

Feels like dotcom stuff. No sane way they are valued here. Hope people have the sense at some point to take profits.

Tesla and Amazon have been talked about for years as great shorts, can't be sustained, etc. But they certainly have sustained long enough to put many shorts in the poor house.

Another reason I will never own an individual stock. Always ends in tears. Falls, and can't sell, or rises and get out too early. Rarely was satisfying.

[Cortopassi]

Can someone explain this to me please? Irrational exuberance? This company by all measures is not worth this valuation.

[Ad Orientem]

Looks like a combination of irrational exuberance and a classic short squeeze. Tesla has been one of the more heavily shorted stocks for a while and the recent run up has absolutely murdered the shorts. So there has been a scramble to "cover" their positions before they loose even more money. Which in turn is adding gasoline to the fire. Tesla is one of the most over valued stocks I've seen in a while. I am guessing no one here owns any but if any one does; I'd be pounding the "sell" button with a baseball bat.

[dualstow]

Must be more than that, Jon. They were talking about it all morning on CNBC with some old guy saying that it’s going to go up further. It really does seem crazy, this valuation.

At some point, the talking heads were asking, “What if he can actually make the cars?” The word ‘fraud’ is no longer used and some of the initial criticisms have melted away.

I don’t own it, so I want to see it crash as soon as possible. A friend of mine ordered the cybertruck, though.

[Cortopassi]

I keep telling you guys: Best car ever. Never going back to gasoline.

Ever go on a long enough drive you had to stop at a charging place? How much time did that add to your trip?

[Kbg]

A trading system I run put me in TSLA in January and as of tonight up 100% exactly. Sold half Monday. It’s nice to get lucky every once in a while.

[dualstow]

A trading system I run put me in TSLA in January and as of tonight up 100% exactly. Sold half Monday. It’s nice to get lucky every once in a while.

Well done!

Down 10% this morning (930 EST)

340PM: hear that popping sound?

[Kbg]

Thanks, closed my position at the open today. Time will tell if it was a good decision...as the saying goes, better to be lucky than good, and luck it was.

[Ad Orientem]

Thanks, closed my position at the open today. Time will tell if it was a good decision...as the saying goes, better to be lucky than good, and luck it was.

Nobody ever lost money taking a profit. But lots of people who forgot to, have.

[Ad Orientem]

For years I have consistently said it was overpriced... and it just keeps going up. And I still wouldn't touch it. Now at least there is one person who agrees with me.

New Constructs CEO David Trainer says Tesla is the most dangerous stock on Wall Street

https://www.cnbc.com/2020/09/06/tesla-c ... -says.html

Now watch the damned stock double again before Christmas!

[dualstow]

For years I have consistently said it was overpriced... and it just keeps going up. And I still wouldn't touch it. Now at least there is one person who agrees with me.

New Constructs CEO David Trainer says Tesla is the most dangerous stock on Wall Street

https://www.cnbc.com/2020/09/06/tesla-c ... -says.html

Now watch the damned stock double again before Christmas!

Um, I would say there are two million people who agree with you.

[Kbg]

I think the real question is why does one care if it is over valued (even grossly so)?

If you are a value investor, then it has probably been a company you've never invested in.

If you are an index holder then you should remember you are buying a methodology not X# of stocks.

If you are a momentum investor you enjoy the ride up and know that you will be giving some of your profits back whenever TSLA falls out of favor.

I'm in the last camp and loving every minute of the ride, but one day it will come to an end most assuredly. Makes no difference to me if TSLA is overvalued or not and unless you are a value investor you should not care and if you are a value investor you should not be in TSLA.

[dualstow]

CA Gov Newsom signed an executive order requiring no new gasoline cars to be sold after 2035. Good news for TSLA. Bad news for CA's already overtaxed electrical grid. I just don't see how PG&E is going to power all these electric vehicles when they can't even keep the lights on now.

Well hold on, Pug. Did he say the new cars had to be electric?

Screen Shot 2020-09-24 at 2.56.22 PM.png (356.98 KiB) Viewed 5319 times

[dualstow]

I agree with you, too, but instead of calling Andrew Wheeler (of the EPA) ‘the government’, call him Vice Pres of the Washington Coal Club.

[glennds]

I think the real question is why does one care if it is over valued (even grossly so)?

If you are a value investor, then it has probably been a company you've never invested in.

If you are an index holder then you should remember you are buying a methodology not X# of stocks.

If you are a momentum investor you enjoy the ride up and know that you will be giving some of your profits back whenever TSLA falls out of favor.

I'm in the last camp and loving every minute of the ride, but one day it will come to an end most assuredly. Makes no difference to me if TSLA is overvalued or not and unless you are a value investor you should not care and if you are a value investor you should not be in TSLA.

Well said.
I'm in the last camp with you, and the air is definitely getting thin up here, but the colors are so vivid, man.
Ludicrous in a good way.

[Kbg]

It has been an amazing (good) year for momo.

TSLA, ZM, NVDA, JD...quite amazing. PDD is new for me but it is already up crazy since I bought it.

My particular form of momentum investing/trading rebalances monthly so I've sold off a fair amount of all of them on the way up.

These things come to an end however, they always do.