SCP03
2022-11-09

$Tesla Motors(TSLA)$Musk has finally sold shares. It's not looking good in the next quarter in terms of sales, costings, rising interest rates and softening consumer demands.

I would think that short term it may go to $180 by this week 11/11/22 and maybe touch $150 sometime within this quarter. 

My own strategy remains the same: 

Buy short term PUTS, cash out profit

But Tesla stocks with the profits made and hold for the longer term. 🤞👍

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Comments

  • Nanamoney
    2022-11-09
    Nanamoney
    will buy to average when price down. waiting for it.
    • NanamoneyReplySCP03: 
      yes !
    • SCP03: 
      yes...but my strategy is buy put options to earn some profits during the down trend. u can explore this if u know options.
  • Vikedios
    2022-11-09
    Vikedios
    tsla I tot overvalue?
    • SCP03: 
      It depends on how u value the company. if it is based on just an auto manufacturer, yes very overvalued. if u view it as a whole EV energy ecosystem then there is potential for higher gains but P/E still on the higher side.
  • Jason1616
    2022-11-09
    Jason1616
    Nice. Time to accumulate while waiting for bottom to form 😅
    • SCP03: 
      yes, can buy in slowly with funds u do not need to use for the short term
  • Wolfenstein118
    2022-11-09
    Wolfenstein118
    Thx for sharing
  • ZYon68
    2022-11-09
    ZYon68
    nice
  • Shishir
    2022-11-09
    Shishir
    ok
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