Tesla won't reach 300

BaronLyly
2023-12-01

$Tesla Motors(TSLA)$

300? I'm afraid not. Don't get me wrong, I love Musk and think the Cybertruck is awesome, but the realist in me thinks this stock will likely drop some more.

It's just economics, I think to get to $300, Musk will have to report really good numbers and I hate to say it but Tesla's really money makers are the boring electric vehicles that aren't that interesting to look at compared to the Cybertruck but are cheaper to produce and more practical, affordable and above all easier to mass produce.

Tesla is an auto company at the end of the day and while it's doing amazing things and making awesome vehicles it needs to put out more boring average vehicles that can be sold in large numbers than and only then can the stock rally enough for you and I to actually afford a Cybertruck assuming you can get your hands on one!

Cybertruck launch: Tesla back to $200 or $300?
Tesla fell in the after-hour trading after the launch of Cybertruck. The Cyberbeast starts at $60,990, higher than estimated price. Cybertruck can accelerate from 0 to 100 kilometers per hour in 2.6 seconds, faster than a Porsche 911. ------------- Will you buy Cybertruck? Can Cybertruck lift Tesla stock price? What's your target price for Tesla?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1
1