i been saying Tesla is over valued (with the same arguments) since I get to learn about this stock . And I recalled most analysts n die-hard investors believe its share price will continue to go higher.
So this last 3 qtr suddenly some analysts said its price is unsustainable (what a joke) and die-hard fans no longer come forward to scream 'price will fly to the moon' or buy more.
Reversion to mean is coming.
Common sense will tell you while Tesla has a first mover advantage, but the advantage is not technological 'patented'. N car making is a very competitive industry. Assuming, we ignore the analyst report, you think the ICE n EV makers are sitting ducks and let Tesla wins all. Fat hope!
Having said the above, I will DCA Tesla (bought some for a quick trade but prepared to hold) when it reaches a lowered level.
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