Honestly, nobody can claim he/she knows the bottom. there had been instances when market dropped sharply when when there are positive market news before, as market anticipates that this will provide support fir more rate hikes ahead to cool the inflationary environment. Good news had become good news indeed. So now with some "better than expected" earnings report and the bottom suddenly has been found?
Us market will be a better investment and the upside potential will be more rewarding, though there are short term downside risk at the moment. If you look at the S&P500, it has always rebounded and achieve new highs after each bear.
Dont risk your hard earned money in this downhill stock. It's current PE of 91.96 is highly unrealsiic and speculative, and not justifiable by fundamentals. There are loads of more worthy stocks out there.
Thank you for the article and timely reminder. I agree that tesla stock isnt attractive now and the high PE isnt justifiable. Besides, there will be fiercer competition for EVs in the market, which will further erde its profitability.
Stock split does not fundamentally change nor increase the stock value. The recent amazon split is a sober reminder and example. in fact, the share price dropped after the stock split Even though Amazon is a very solid and fundamentally strong stock. Hence, it is good to exercise caution.
I actually see long term prspect for this stock. The reasons cited in the article are general economic factors (Eg ecnomic outlook, competition) which affects the whole market, and not hust this stock. Hence, I have actually just bought this stock for longer term prospect.