TSLA has been up, it has been down, and now it finally seems to be settling in at a a truer value near $785 per share. Following Elon Musk tweeting that the stock was "too high" two weeks ago it reacted that day, plummeting under the 800 mark just to resurface above it again recently. With the last two days and the market down-turn, it has gone below 800 again but really has plateaued around the 785 mark which might be establishing its true value finally after both inflationary and deflationary over-reactions from Tesla investors.
I beg to disagree , that the true value of Tesla lies in the 600 region and that’s where it will head quite soon. Maybe a couple of weeks or even less. No offence to your personal estimates of the price. 800 price will eventually come back but we will see a drastic fall in value, mark this moment down. And be careful. Good luck on your trades in any case !
BDRTrigger33
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@maxim77788, if it goes back in the 600s, I'm just going to double-down and buy more. I don't see that happening, but I can't claim any prescience you don't have on it necessarily either.
@maxim77788, Goes back to Buffet's "Don't hold it 10 minutes if you wouldn't hold it 10 years." 10 years is exactly what I have in mind w/ TSLA. Right now it is foundational to the lithium battery industry.
hanze
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@BDRTrigger33, well Buffet also said "it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price". Now, Tesla's price too wonderful at this point. Most likely it will go down in the next 1-2 weeks, IMO.