Tesla stock on an absolute tear (C'mon haters!)
#62
Good on 'em. No, I wouldn't sink a dime on them.
I remember the heady days of 2007 when making money in real estate was easy: Buy a house, get a NINJA loan, sell the house a year later, pocket the $50K cap gain. What could go wrong?
So today, it's: Buy TSLA, reap the cap gains and also know that you are a Good Person for saving The planet. After all, everybody knows ICE is dead and EV is the future. Go for it.
I remember the heady days of 2007 when making money in real estate was easy: Buy a house, get a NINJA loan, sell the house a year later, pocket the $50K cap gain. What could go wrong?
So today, it's: Buy TSLA, reap the cap gains and also know that you are a Good Person for saving The planet. After all, everybody knows ICE is dead and EV is the future. Go for it.
#65
Just blown through $420. A price target that some of you may recall got Musk into a little hot water with the SEC...
His tweet when it hit 420 was pretty funny
“Whoa... the stock is so high lol”
His tweet when it hit 420 was pretty funny
“Whoa... the stock is so high lol”
#66
Its going past $500 next year for sure.
Model Y will help boost sales quiet a bit.
Cybertruck and the new supercar will also continue to provide great marketing- im positive Musk has more surprises under his sleeve.
Model Y will help boost sales quiet a bit.
Cybertruck and the new supercar will also continue to provide great marketing- im positive Musk has more surprises under his sleeve.
#67
I also think there is more upside. I'm expecting a decent Q4 and high delivery numbers, and if that proves to be the case there's likely to be a short term boost. The main thing here, though, is the long term - and the fundamental strategy appears solid and seems to be working. There will likely be a drop soon due to profit taking, but the next upward tick will follow soon after and could as you say see a $500+ price. I'm holding.
#70
I like the idea of Tesla's stock performance improving though there will be new BEV competition around the corner.
#71
It's up, and then it's back down again.
The road ahead is rocky...
https://edition.cnn.com/2019/12/30/t...ice/index.html
Updated 1716 GMT (0116 HKT) December 30, 2019
New York (CNN Business)Tesla's stock fell 4% Monday after an analyst said the company will miss its sales target in the fourth quarter. The analyst offered an even more dire forecast: Tesla's shares could be cut in half next year.
In October, Tesla (TSLA) said that it was "highly confident" sales would top 360,000 in 2019, and in July it gave a range for sales of between 360,000 to 400,000. To hit the low end of that range, Tesla would have to sell 105,000 vehicles in the fourth quarter.
But Cowen auto analyst Jeff Osborne said in a note Monday that Tesla will come in just short of that target. He forecasts deliveries of 101,000 cars in the last three months of 2019. Osborne attributes most of that dour forecast to softer-than-expected sales of Tesla's two luxury models: the Model S and Model X.Osborne has been fairly bearish about Tesla's stock for some time, giving shares an "underperform" recommendation, which essentially means "sell." His note Monday actually raised both his fourth quarter delivery target from his previous estimate of 95,000 vehicles, and his price target to $210 from $190.
Tesla also announced Monday that it was completed the assembly of its first cars at its new plant in Shanghai and that it has delivered those cars to employees of the plant.
Tesla did not respond to a request for comment about the Cowen note.
The road ahead is rocky...
https://edition.cnn.com/2019/12/30/t...ice/index.html
Tesla's stock drops sharply after a weak sales forecast
[img]//cdn.cnn.com/cnnnext/dam/assets/190117152549-chris-isidore-byline-small-11.jpeg[/img]By Chris Isidore, CNN BusinessUpdated 1716 GMT (0116 HKT) December 30, 2019
New York (CNN Business)Tesla's stock fell 4% Monday after an analyst said the company will miss its sales target in the fourth quarter. The analyst offered an even more dire forecast: Tesla's shares could be cut in half next year.
In October, Tesla (TSLA) said that it was "highly confident" sales would top 360,000 in 2019, and in July it gave a range for sales of between 360,000 to 400,000. To hit the low end of that range, Tesla would have to sell 105,000 vehicles in the fourth quarter.
But Cowen auto analyst Jeff Osborne said in a note Monday that Tesla will come in just short of that target. He forecasts deliveries of 101,000 cars in the last three months of 2019. Osborne attributes most of that dour forecast to softer-than-expected sales of Tesla's two luxury models: the Model S and Model X.
Osborne has been fairly bearish about Tesla's stock for some time, giving shares an "underperform" recommendation, which essentially means "sell." His note Monday actually raised both his fourth quarter delivery target from his previous estimate of 95,000 vehicles, and his price target to $210 from $190.
But Tesla's stock is trading at around $420=13px Monday. That means Osbourne expects the stock to fall 50% in 2020.
He believes the stock will take a hit if Tesla misses its sales target, as he predicts. And Osbourne said it will be difficult for Tesla to repeat the strong profits=13px it reported in the third quarter.
"We continue to see risks to the company's growth story, which we believe is likely to be challenged as competition enters the market," he wrote Monday. "Simply, we see a lot more that can go wrong than can go right .... we don't see sustainable profitability in the near to mid-term."
The more bearish outlook, and the drop in the stock on Monday comes after a successful run of news for Tesla that has helped to lift the stock to an all-time high. Last week its stock reached the $420 mark=13px, the price at which CEO Elon Musk=13px had tweeted in August of 2018 that he would take the company private. Even with Monday's sell-off, shares of Tesla remain up 24% this year.
Tesla also announced Monday that it was completed the assembly of its first cars at its new plant in Shanghai and that it has delivered those cars to employees of the plant.Tesla did not respond to a request for comment about the Cowen note.
#72
2) High insurance negates cost savings: not true. I spend $250 minimum each month in gas. I called my insurance and got quotes on moving to a Model 3 or a Model S and keeping my exact same coverage as on my 2010 LS. It was an extra $100/month maximum. Numerous owners of Tesla on this forum have debunked the claim about crazy insurance prices and shared the exact car they switched from.
As to the topic, I'm taking the long approach. I think the company is fine and will continue to do well.
#73
Originally Posted by Lets Drive
I decided to take a look at mine vs the F, and the difference is $19.50 more, per month. Needless to say, it costs much more than $19.50 a month to fill up the V8.
As to the topic, I'm taking the long approach. I think the company is fine and will continue to do well.
As to the topic, I'm taking the long approach. I think the company is fine and will continue to do well.
#75
4% is a plunge? I see, so when the stock goes up 5% CNN will no doubt write and article and say the stock is skyrocketing