$Tesla Motors(TSLA)$I was guessing its 12/17 ending price as $885, longer term, by 2022 Q1 $770. Some tigers believe it would go up to $1,600 soon. Interestingly, an experienced Tiger recommended last week to sell 12/17 put on strike price $850. From hindsight, he’s proven right.
There are 2 schools of thoughts. Some are extremely bullish with target >$1,600 around the corner. Meanwhile, I’m the pessimistic bearish one. I agree its business model is on the right direction. However, looking at the waves generated by Elon Musk selling his shares, the fundamentals and by technical analysis, whichever microscope I deploy to examine, it’s still an extremely over valued stock in my opinion. Unlike digital services, we are talking about manufacturing and sales of electric vehicles involving traditional raw materials and man-power. Is it possible to generate profit exponentially within a short period? I have my reservation.
I’m tempted to buy ‘put’ but decided to stay by the beach and watch on.
This is just my personal humble opinion and observation, not to be treated as an investment advice.
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- kooko·2021-12-27We are optimistic that Tesla will continue to lead in the field of new energy. Selling cars is not the key, but service value-added is the future1Report
- blimpy·2021-12-27If tesla can't continue to drive to new highs from this position, it may be worth considering short term positions1Report
- Heartbeat12·2021-12-27I've owned Tesla for three years now, and I think tesla will be the number one stock market value sooner or later1Report
- jinxie·2021-12-27To be fair, Tesla's valuation is not cheap, because the stock price reflects a lot of good expectationsLikeReport
- HunterGame·2021-12-27I also think Tesla is overvalued, but I'm hesitant to short itLikeReport
- TomCap·2021-12-27You can bet against Tesla's future, but don't bet against it. It's too riskyLikeReport
- snuggix·2021-12-27Tesla's stock price is high, but its valuation is low, and sales are still expected to double next yearLikeReport
- MarsBloom·2021-12-27Tesla is on track to hit an all-time high next month, and Musk is nearing the end of his sellingLikeReport
- OutsiderLEO·2021-12-27Tesla should not be valued by p/E, but by growth potentialLikeReport
- deathdevil·2021-12-27likeLikeReport