Tesla is going to be another NVDA!

Truda Harvey
12-20 15:14

$Tesla Motors(TSLA)$ So many detractors for Tesla here saying 'sell, sell, sell' and putting the negative 'vibe' out without any FACTS.

First, Tesla is NOT just a CAR company! If that were the case, then I would agree that the price should be under $200 for sure. But there's so many more ways that it makes LOTS of money. Even if you took all the profits from car sales out, they would STILL be a pretty good investment.

Yet there are so many 'day traders' and speculators nowadays that it's really all about the ups and downs more than the actual value and focus of a company.

Those same speculators are just worried that they are going to lose everything because they put so much into Tesla going DOWN and now the calls are coming after them. Just look at the numbers.

So, it behooves those calling for it to go DOWN by posting messages and getting stories out there that say the stock is not worth it, even when they KNOW it really is but, just can't believe it.

Same thing happened with LOTS of stocks, some going up like crazy ( $Spotify Technology S.A.(SPOT)$ $Docusign(DOCU)$ $NVIDIA(NVDA)$ to name just a few) and many lost fortunes by thinking stocks like $MAIN INTERNATIONAL ETF(INTL)$ $Ford(F)$ $AstraZeneca PLC(AZN)$ $Advanced Micro Devices(AMD)$ would keep rising (and quickly) instead of taking dives like they have...

Nobody wants to hold stocks for years or decades anymore, they all want the fast buck and when it doesn't happen, they try to 'make it happen' by using the 'community' of investors just by posting negative things about them without delving into the company itself.

As to Tesla, it's going to be another NVDA (IMO) and take off like crazy, BUT every time the numbers for sales comes out, it will go down... Not because they are selling LESS cars, but because their GROWTH isn't the same as previous years... As if they could sustain their 30%+ growth rate - No car company even comes CLOSE, but yet they don't get into 'trouble' because they only grew 0.5% this year because they only grew 0.4% the previous year.

I will continue to hold onto my Tesla stock, which I purchased back in mid 2020 (at a bargain compared to today's prices!). I weathered the drop at the end of 2022 and I will weather this one pretty well also. Could I sell and take a huge profit? Sure! But I can hold on and keep riding the wave until the next stock split as well...

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Comments

  • Miss Vee
    12-20 23:28
    Miss Vee
    knew a story about someone who invested in Tesla years back when it was like 20/share. not sure if she sold it all 3yrs ago. but some part of it was used for buying a new house.
  • Barcode
    12-21 05:17
    Barcode

    Great article, would you like to share it?

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