Flochin
2021-12-21

$Tesla Motors(TSLA)$I was guessing its 12/17 ending price as $885, longer term, by 2022 Q1 $770.  Some tigers believe it would go up to $1,600 soon.  Interestingly, an experienced Tiger recommended last week to sell 12/17 put on strike price $850.  From hindsight, he’s proven right. 

There are 2 schools of thoughts.  Some are extremely bullish with target >$1,600 around the corner.  Meanwhile, I’m the pessimistic bearish one.  I agree its business model is on the right direction.  However, looking at the waves generated by Elon Musk selling his shares, the fundamentals and by technical analysis, whichever microscope I deploy to examine, it’s still an extremely over valued stock in my opinion.  Unlike digital services, we are talking about manufacturing and sales of electric vehicles involving traditional raw materials and man-power.  Is it possible to generate profit exponentially within a short period?  I have my reservation. 

I’m tempted to buy ‘put’ but decided to stay by the beach and watch on.   

This is just my personal humble opinion and observation, not to be treated as an investment advice.  

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Comments

  • kooko
    2021-12-27
    kooko
    We are optimistic that Tesla will continue to lead in the field of new energy. Selling cars is not the key, but service value-added is the future
    • Flochin: 
      Continue to lead in EV sector, I agree. Going to $1600 by next year as wished by lots of traders is a guess which I am not betting on. Anyway I decided to stay by the beach and watch on.
  • blimpy
    2021-12-27
    blimpy
    If tesla can't continue to drive to new highs from this position, it may be worth considering short term positions
    • Flochin: 
      I am not comfortable with a stock that’s so much influenced by its CEO’s selling action. I’ll just watch on.
  • Heartbeat12
    2021-12-27
    Heartbeat12
    I've owned Tesla for three years now, and I think tesla will be the number one stock market value sooner or later
    • Flochin: 
      You entered early of the game. That’s great. Wish u make your target set.
  • jinxie
    2021-12-27
    jinxie
    To be fair, Tesla's valuation is not cheap, because the stock price reflects a lot of good expectations
  • HunterGame
    2021-12-27
    HunterGame
    I also think Tesla is overvalued, but I'm hesitant to short it
  • TomCap
    2021-12-27
    TomCap
    You can bet against Tesla's future, but don't bet against it. It's too risky
    • Flochin: 
      Thanks for your advice. I agree. That’s why not betting a single cent.
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