HLPA
2023-12-03

$Tesla Motors(TSLA)$  The release of the Cybertruck pricings has not moved TSLA share price much as had been expected. On day of delivery of the vehicles to buyers by Elon Musk personally to each individual buyers, albiet the first few only, TSLA shate price fell to the low 230ish but the next day the price stayed above 230 and closed at 238.83 and rose to 240.19 during post market hours. This can only mean one thing, that there are a huge number of buyers of TSLA shares at the low 230ish. Strong support is seen when it dipped below 230.  I would continue to pick up Tesla shares below this level.

Buy on the dips neber fail for me as TSLA is a huge momentum stock and prices swing from one end to the other. Day traders ride on this price swings and scalp for profits. For me, I have been scalping TSLA left, right and centre for profits. Let TSLA share price ride and when it settles the level you geel comfortable, go pick up the shares. You need to have conviction when buying this stock at your price. Do your due diligence, pick up on the dips and stay patiently for the upturn. 

Yes, I do believe TSLA would hit 300 again in the not too distant future. Hence, for my long term account, I would keep picking the stock at the lows.

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

  • KittyBruno
    2023-12-03
    KittyBruno

    Interesting insights on TSLA's share price movement! Do you think the Cybertruck's pricing release had any impact on the dip, or was it just a coincidence?

    • HLPA
      maybe a coincidence
  • CatherineGunter
    2023-12-03
    CatherineGunter

    I share your belief that TSLA will hit 300 again in the near future. What factors do you think could drive the price up to that level?

    • HLPA
      Largely the rise of the huge EV market and Elon's antics
  • CrystalRose
    2023-12-03
    CrystalRose

    Do you think this could be a good entry point for long-term investors as well, or is it too risky?

    • HLPA
      wait for the lows. if you feel 230  or below it, is the right level after doing your DD, get in.
  • AfraSimon
    2023-12-03
    AfraSimon

    I admire your confidence in buying on dips with TSLA.

  • Kallesh
    2023-12-04
    Kallesh

    Great ariticle, would you like to share it?

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