We can also see that an is also in play, with a $615 target pending a break of $385. Don't listen to the media. BTFD!
I wish people that didn't understand financials would stay away from this website.
TSLA is going to take over the auto industry, by 2040 we will have 60-80% EV, and I'm willing to put money that over 50% of those will be TSLA. GM, Ford, are all in for a rude awakening.
Maybe y'all should post all your thoughts for 2040? Or at least indicate some timelines if you're going to just blindly tell people to jump into this type of stock in this type of market? I'm just saying that be all practical financial measurements, this is not a good investment at this time imho, especially in a market like this where we are approaching a 32 trillion dollar market cap with US GDP totally flat, volume falling, etc. I mean the title of this post is LONG to $600 with no timeline or anything it's just an opinion article. And everyone can go ahead and not listen to the media hell don't listen to anyone if you ask me make your own decisions. But if ever there was a YoYo stock this is it. Best of luck.
I'm more of a person who bases my investment decisions on foundations of the company. Financials, logical thinking, etc. On top of that, are you aware of the percentage of people shorting tesla using the same non-sensical argument you just provided? You think the herd is going to be correct in a market that always works against the herd?
"Their cars aren't even that good", what are you basing this off of? That sounds like an opinion. Also, If nobody can afford them, why do they currently control ~ 80% of the full EV market? Are you aware that the only other fully electric vehicle out there is the NISSAN Leaf, which can only get you about ~90 miles a charge? Do you know how many miles you can get on a tesla?
I think TSLA will break 400 this year after they crush their next earnings report. Their pickup of the super-capacitor company was also an excellent acquisition. I ask you to imagine the possibilities, if you are capable of understanding them.
Good luck to you and your NIO, I'm willing to bet NIO won't ever break $100. I'm not into penny stocks though, so I won't be touching it.
Here's a good read for you:
I told you I'm a fan of the company. But 2 quarters of "profitability" isn't even close to being out of the billion dollar hole, and meanwhile elon goes to the bank for more money just today. Check out this article that analyzes tesla's current value.
They control 80% of the EV market - great - how many people are in that market again? Last I checked it was under 1% of all drivers. That gives them huge upside to grow, and I hope they do. It will solve a global crisis. I just don't think it's sensical to think this stock is a good buy at this time. It's all hyped up with this grand assumption that it's all going to work out just fine. That's a dangerous market to trade in, don't you think? I mean are you out there making this same case for companies like $W or $INTU or $BA? I'd rather have some stability and confirmation before I jump into these types of investments. That's all I'm saying, lol.
To be completely transparent, I'm an options trader, and I don't spend too much time looking for long hold stocks. All tsla has been (for me) is a great chance to derivative to scalp back and forth, short and long, every time the Sto's cross and the macd looks good, which is basically 270 - 330 until further notice. And I don't own any NIO or TSLA. No hard feelings man... sheesh