Why I'm Bearish on TSLA

diggydog
2022-11-13

Three reasons why I'm bearish on $Tesla Motors(TSLA)$ .

First, Elon Musk is too busy playing with Twitter and he will need to sell his TSLA shares to fund his new ambition. 

Second, other that new EV companies, TSLA also facing fierce competition from big old competitors like $Ford(F)$   ,  $Volkswagen AG(VWAPY)$  , and $Bayerische Motoren Werke AG(BMWYY)$  . The big guys already jump into EV and gain more marketshare. Well established auto companies have enough capital to invest in EV.

Third, TSLA valuation is super premium to begin with. TSLA can't grow indefinitely. As TSLA grow and sell more cars, it will become more like auto company. As we can see, auto company valuation is much less than what TSLa valuation is now.

Tesla<US$160: Time to buy the dip?
Tesla closed below $170, the lowest since November 2020. Tesla’s shares have lost nearly half of their value in less than two months ----------- [TOPIC] What do you think of Musk reducing holdings in Tesla? Will you buy the dip or short Tesla? [REWARDS] Every post above 50 characters will get at least 50 tiger coins
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Comments

  • Bulltrader
    2022-11-14
    Bulltrader
    after elon sell enough. then buy.when he talk dont buy
  • MortimerDodd
    2022-11-15
    MortimerDodd
    Well, I'm still bullish on the company's long-term prospects.
    • diggydog
      I'm sure you have your own reasons. Good luck!
  • Maria_yy
    2022-11-15
    Maria_yy
    I don't believe other companies will pose competition to Tesla.
  • ElvisMarner
    2022-11-15
    ElvisMarner
    The sell-off of MUSK put us under a lot of pressure.
  • HilaryWilde
    2022-11-15
    HilaryWilde
    You're right that Tesla's current valuation is too high.
  • DonnaMay
    2022-11-15
    DonnaMay
    Looks like I should be cautious about Tesla too.
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