Same, although I do have a stop order that I'm updating regularly. My average buy price is ~$260 so even at my stop order price I'll more than double my money

 

I’ve been watching TSLA since WAY back, but could never pull the trigger. However, in August I took a small (relatively speaking) position in Chinese Tesla - NIO (bought at $14.50). Long story short - sold enough shares at $45 to pull out the original investment and playing with house money ever since. The stock closed at $54+ today - I could get used to 275% return in less than 5 months 😁.

 

Lets hope tomorrow will not be a repeat of today.

 

I know this is a bit off-topic, but to show the insane level of influence Musk has (and how crazy the stock market can be)- He tweeted a few days ago "Use Signal" - which is a secure messaging app that takes user privacy seriously. Instead, the stock of a company called Signal Advance (SIGL) which has nothing to do with what Musk was referencing rose 438% as people started buying it without understanding what he meant.

https://www.cnbc.com/2021/01/11/sign...ng-frenzy.html

 

It's not.... even though TSLA was down yesterday, it still closed above $800 (up 10% from when I posted it was sitting at $727). Now it sits at $845. Just like in the movie "The Big Short", Michael Burry may not be wrong about shorting Tesla, but his timing may be wrong... I reviewed some of his portfolio and it's very interesting some of the positions he is "long" on but he'll short TSLA.

 

Well that's the secret sauce that's been keeping the economy afloat. Eventually, they will have to pay their dues and it will be interest on top of interest on top of interest once the pros figure out how to manipulate the young and mostly uninformed investors.

 

Yesterday was a needed but painful pullback. If it had keep going to $1,000 the bruising would have been much worse. Yesterday most likely got rid of a lot of skeptics or people that made bundle that did some profit taking. Today it is allowing a lower priced entry point for new investors or reinvestors that sold in the morning.

 

The stock barely did anything yesterday. It was a slight blip down and completely meaningless. It's blipped back up today. It's not a pullback until Tesla gets near $500 vs the insane $850 right now.

 

6-7% drop is nothing? And like I said, it opened up an entry point for some.

 

Its nothing compared to the run-up of 30% driven by the S&P inclusion and the news on their 500k 2020 deliveries. It would be crazy for people to jump in now unless you really believe in the Tesla vision. I've already divested some and realized gains but still have a position to see if it goes up any higher

 

6-7% drop is a lot any way you look at it. I havent sold any yet and I was going to add a few more shares yesterday but chickened out. I think the competition will become fierce in another yr to yr and half and thats when Tesla will be in trouble.

 

I’m not sure I see things the same way. In a year and a half Tesla will have moved the ball further forward so the competition is aiming at a moving target. Within the next year or two we’ll have extremely high performance from the refreshed and tri-motor S and be close to the launch of the Roadster and initial Cybertruck deliveries. Add in general ongoing technical enhancements and if anything Tesla could be in an even more commanding position by then.

 

The legacy manufacturers CHOSE not to compete at this time. Once they recoup their investments in ICE and start getting serious about EVs, plus Chinese EV companies coming online seemingly every other day, Tesla will be in trouble. Also, China will clamp down on Tesla once their EV companies gets a strong enough foot hold. If they want to charge $100k for a Model X, the doors better not break.

 

What competition exactly?

Nobody currently has even one EV vehicle on sale that can compete with TESLA let alone an entire lineup like Tesla offers. They need to bring out the CyberTruck asap.

Porsche Taycan is really nice but it’s not intended to be big on sales and is going after different market than Tesla lineup. We will see how the Ford Mach E does but I don’t have much confidence in its rollout.

 

They've been saying this tired rhetoric for the last 5 years. They did choose to compete this first time around and they still haven't mastered range and still way behind charging network. In the next 3 years, Tesla will pull ahead again with the 4680 cell which will drive significant cost reduction and performance improvements and the rest of the industry will be stuck with the crappy pouch cells they currently employ. Until I see evidence of the legacy guys producing better products, I don't believe the rhetoric.