Right now the stock is pricing in God himself coming down and forcing everyone to buy a Tesla going forward haha. If you are in this stock congrats might be a good time to take gains. I mentally can’t hold onto something that I know is a massive bubble. Tesla has the worse earnings among the automakers, yet it has the highest valuation. I think maximum bull case is more than priced in, unless we saw massive changes. I think the fundamentals for this company are terrible for the valuation. Going into this economic downturn defaults will hit records and nobody will have money to buy expensive Tesla cars. Elon Musk is a smart guy and one day Tesla could be a successful automaker but it isn’t there yet. At the same time Tesla has a lot of debt and if interest rates rise and/or Biden starts taxing unprofitable companies. Tesla among many others could go bust.
It is heavily overbought but I wouldn’t short yet, wait for sell signals to short!!!
It is heavily overbought but I wouldn’t short yet, wait for sell signals to short!!!
