Tesla Stock: Plunging Toward My Price Target

seekingalpha04-19

Tesla, Inc. stock continues to decline and reach new lows, distancing itself from other tech giants like Meta Platforms, Google, Amazon, Microsoft, and Nvidia.CEO Elon Musk's pay package, if approved,...

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  • Guavaxf30
    04-19
    Guavaxf30
    I actually have the same target value for Tesla.  I too feel the correct price to be around $113 given recent developments.  I will only be shorting if I trade Tesla at all until it reaches this price and even then I will see if it free falls further. It may go lower if the CEO makes another wild "announcement" which show further desperation. The recent Reuter rant, and the Robotaxi claim , alongside the rush to meet the Presidents of Argentina and India, to me they all looked very much like moves to build a rush in stock prices ahead of the stockholder votes for his restoration of compensation package ruled unlawful by the US judge.  This clearly indicates Musk's motivation is all for himself. Looking out for number one. And only number one. Be sure that this is my own view
    • Guavaxf30: 
      I will consider parking some positions in Broadcom and AMD too as I feel the AI story is not over. But defintely exiting out of EV’s.
      I feel EV space is beginning to show age. ICE will still be the main driver for vehicles for a long time.
    • Guavaxf30: 
      Early yesterday, Tesla seemed to go against the wave of tech selling. But it surely went south later in the day too. Now at the lowest for a year or so. And this is before they release their quarterly results which I am sure will be pretty ugly.


      I am still shorting Tesla. This story has turned from being rags-to-riches to a tragedy.
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