Wait for Tesla Stock to Fall 10%… Then Buy!

InvestorPlace2023-04-27

Tesla’s (TSLA) margins fell, probably due to the automaker’s price cuts.Furthermore, it seems that the experts on Wall Street can’t agree on the Tesla share price’s future direction.Investors should ...

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Comments

中蓝的中榕
2023-04-28
中蓝的中榕
lowballers will get nothing end of the day
GreekGoddess
2023-04-27
GreekGoddess
Cant time the bottom but this price is extremely cheap already ☺️☺️☺️
Sharkie
2023-04-27
Sharkie
with the impending recession , the shares for Tesla will definitely drop. Having said this, when the tide falls, all the boats will sink. Thus, most stocks will sure to fall, not just Tesla
life goes on
2023-04-27
life goes on
Good strategy is to create a eco system and that's where the bigger money is....
MO75
2023-04-27
MO75
Gg
Askar787
2023-04-27
Askar787
👏🏻

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However, many investors’ initial reaction was to sell TSLA stock. In the wake of this, opinions vary concerning the future trajectory of the Tesla share price. Fortunately, there is a dip-buying strategy that could work well in this situation.Tesla has faced a number of challenges recently. Gasoline prices have come down after spiking last year, and Tesla tends to benefit from high gas prices. Also, Tesla has faced stiff competition from a slew of EV market upstarts.However, Tesla’s biggest headwind has probably been elevated inflation, which evidently took a toll on the automaker’s margins. As we’ll see, it’s challenging to decide what to do with TSLA stock now, but there is an approach that’s worth considering.TSLA Stock Falls After Tesla’s Earnings ReleaseTesla implemented no fewer than half a dozen price cuts in response to inflationary pressures. This may have helped Tesla stay ahead of its EV industry rivals. On the other hand, the price reductions were bound to have a negative impact on Tesla’s profit margins.This helps to explain why TSLA stock declined 9.8% after Tesla released its first-quarter 2023 data. Overall, the company’s results were similar to what analysts had expected. Tesla reported net income of 85 cents per share, in-line with Wall Street’s consensus forecast, on revenue of $23.33 billion, just slightly missing analysts’ expectation of $23.67 billion.What spooked investors, evidently, was Tesla’s total GAAP gross margin of 19.3%. In the year-earlier quarter, it was 29.1%. That’s quite a fall-off.Notably, Tesla seems to be backtracking on its price reduction strategy. In particular, the automaker recently raised the base prices of its Model S and Model X vehicles. Only time will tell whether this helps Tesla get its margins back on track.Will Tesla Shares Go to $28, or $2,000?There’s a lot of information to absorb here. Personally, I’m still bullish on Tesla, as it’s still a clear leader among automakers that only produce EVs. Not everyone shares my optimism, however.New Constructs CEO David Trainer envisions TSLA stock dropping around 80% to just $28. Trainer is evidently concerned about fierce competition in the EV market and feels that Tesla is “one of the most overvalued” companies in the sector.Tesla’s trailing price-to-earnings (P/E) ratio may be higher than the sector median, but at least the company is profitable. A number of EV startups don’t even have a P/E ratio because they have no earnings at all.So, I hesitate to call Tesla “overvalued.” Yet, I also wouldn’t go as far as ARK Invest CEO Cathie Wood, who apparently sees TSLA stock reaching $2,000 in 2027. ARK’s analysis depends, to a large extent, on the success of Tesla’s upcoming robo-taxi launch. I’m not currently willing to venture a guess as to how successful Tesla’s robo-taxi venture, which hasn’t even launched yet, will be in four years.What You Can Do Now With TSLA StockIt’s entertaining to read about people’s extreme views on Tesla. However, you don’t have to let them influence your investment decisions. You can acknowledge that Tesla’s profit margins have fallen, while at the same time envisioning a possible recovery for the EV giant.So, here’s what you can do: Place a limit order to buy TSLA stock below the current share price. That way, you can get a low price if the dip gets deeper. My preference is 10% below the current Tesla share price, but it’s up to you to decide how low you want to go. And if your buy order never gets filled, it’s not the end of the world, as there will always be other opportunities.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9947371866,"gmtCreate":1682611202456,"gmtModify":1682611206461,"author":{"id":"4115942724488802","authorId":"4115942724488802","name":"中蓝的中榕","avatar":"https://community-static.tradeup.com/news/08d497b0dc9c6ea2bbc5fbad09b071f9","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":8,"crmLevelSwitch":1,"idStr":"4115942724488802","authorIdStr":"4115942724488802"},"htmlText":"lowballers will get nothing end of the day","listText":"lowballers will get nothing end of the day","text":"lowballers will get nothing end of the day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947371866","repostId":1170627316,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947345555,"gmtCreate":1682606982078,"gmtModify":1682606986731,"author":{"id":"3570959388395770","authorId":"3570959388395770","name":"GreekGoddess","avatar":"https://static.tigerbbs.com/eb6fd3e71e1e99b4e40e1cc763cec9c4","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3570959388395770","authorIdStr":"3570959388395770"},"htmlText":"Cant time the bottom but this price is extremely cheap already ☺️☺️☺️","listText":"Cant time the bottom but this price is extremely cheap already ☺️☺️☺️","text":"Cant time the bottom but this price is extremely cheap already ☺️☺️☺️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947345555","repostId":1170627316,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947360630,"gmtCreate":1682579544020,"gmtModify":1682579548412,"author":{"id":"3570070988174561","authorId":"3570070988174561","name":"Sharkie","avatar":"https://static.tigerbbs.com/631c9e9d4680a952704a2d3eef7bfbc8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570070988174561","authorIdStr":"3570070988174561"},"htmlText":"with the impending recession , the shares for Tesla will definitely drop. Having said this, when the tide falls, all the boats will sink. Thus, most stocks will sure to fall, not just Tesla","listText":"with the impending recession , the shares for Tesla will definitely drop. Having said this, when the tide falls, all the boats will sink. Thus, most stocks will sure to fall, not just Tesla","text":"with the impending recession , the shares for Tesla will definitely drop. Having said this, when the tide falls, all the boats will sink. Thus, most stocks will sure to fall, not just Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947360630","repostId":1170627316,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947387898,"gmtCreate":1682578472615,"gmtModify":1682578477445,"author":{"id":"3554863521201456","authorId":"3554863521201456","name":"life goes on","avatar":"https://static.tigerbbs.com/3199e2883b1fe8556f2188f3e1c16da8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554863521201456","authorIdStr":"3554863521201456"},"htmlText":"Good strategy is to create a eco system and that's where the bigger money is....","listText":"Good strategy is to create a eco system and that's where the bigger money is....","text":"Good strategy is to create a eco system and that's where the bigger money is....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947387898","repostId":1170627316,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947386387,"gmtCreate":1682574626250,"gmtModify":1682574630110,"author":{"id":"3585255751373364","authorId":"3585255751373364","name":"MO75","avatar":"https://static.tigerbbs.com/d033068949889afd8c31c73da66c8e75","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3585255751373364","authorIdStr":"3585255751373364"},"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947386387","repostId":1170627316,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947388971,"gmtCreate":1682572487993,"gmtModify":1682573093752,"author":{"id":"4131167518313982","authorId":"4131167518313982","name":"Askar787","avatar":"https://community-static.tradeup.com/news/83e40a2e74a11795ba51c3d1e0fa64e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4131167518313982","authorIdStr":"4131167518313982"},"htmlText":"👏🏻","listText":"👏🏻","text":"👏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947388971","repostId":1170627316,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":56,"commentSize":11,"repostSize":9,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1170627316"}