I have been skeptical about Tesla for years now but I have to say, it checks off a lot of boxes for me.
1. Electric Vehicles/Battery Technology
2. Autonomous Driving
3. Solar Technology
4. SpaceX Sister Company
5. Tesla Semi
6. And above all else, it is an American auto manufacturer about to take over CHINA! That makes me super excited. Massive potential.
As much as I hate Elon Musk's tweets, I respect him as an incredible businessman and entrepreneur that will help propel this company forward.
So the real question for me is, at what price is this stock worth it? I think a pullback will happen soon. I don't believe the upper-middle class that buys Teslas products are jumping to go buy vehicles right now or put solar panels on their homes. Auto-sales may start to drop over time especially given the volume of vehicles they sell in California which has been on lock-down for 2 months.
Nevertheless, I can't bring myself to buy the stock unless it comes down to the $360.00 level where there has been major long-term resistance and support. I highlighted when the stock soared 80% in 8 days to show the level of interest in the company (and the overvaluation).It looks like it can keep going up but will auto-sales keep going up? I think not....
1. Electric Vehicles/Battery Technology
2. Autonomous Driving
3. Solar Technology
4. SpaceX Sister Company
5. Tesla Semi
6. And above all else, it is an American auto manufacturer about to take over CHINA! That makes me super excited. Massive potential.
As much as I hate Elon Musk's tweets, I respect him as an incredible businessman and entrepreneur that will help propel this company forward.
So the real question for me is, at what price is this stock worth it? I think a pullback will happen soon. I don't believe the upper-middle class that buys Teslas products are jumping to go buy vehicles right now or put solar panels on their homes. Auto-sales may start to drop over time especially given the volume of vehicles they sell in California which has been on lock-down for 2 months.
Nevertheless, I can't bring myself to buy the stock unless it comes down to the $360.00 level where there has been major long-term resistance and support. I highlighted when the stock soared 80% in 8 days to show the level of interest in the company (and the overvaluation).It looks like it can keep going up but will auto-sales keep going up? I think not....