$Tesla Motors(TSLA)$
Firstly, Tesla does not offer dividends, which is a significant consideration for me as an investor who values a steady income stream from my investments. Dividends provide a tangible return on investment and can be particularly appealing in volatile markets.
Secondly, I believe that Tesla's stock is currently overvalued. Despite its impressive growth and potential, the stock price appears to reflect an overly optimistic future performance that may not be sustainable. This perceived overvaluation makes me cautious as investing at such high levels could expose me to substantial downside risk if the market corrects.
Additionally, while I am intrigued by the prospects of Tesla's robotaxi, this alone is not enough to persuade me to invest. The concept of robotaxi is exciting and could revolutionise transportation but it is still in its nascent stages and carries significant uncertainty.
In summary, despite my admiration for Tesla's achievements and potential, my investment criteria include a reasonable stock price, dividend income and a balanced risk-reward profile. Until these conditions are met, I will remain on the sidelines and observe Tesla's developments with interest.
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Elon is trying to pump up the stock price by talking about new models and robotaxi. I will believe it when I see it and reconsider buying in again, but I am not buying the hype.
From 415 to 220 and still insanely overvalued. The downtrend will continue.