Tesla oh tesla....How this pandemic darling has fell from its peak. Just a couple of months ago it would be unthinkable for this stock to bepriced below USD 160. Yet now it is at 150. Looks so tempting indeed! But is it a good buy at these prices?
From the fundamental aspect, we have to consider how the company is bracing itself for the upcoming challenges. The sticking point in my opinion is the CEO himself who seems to be distracted much. He seems to be on a mission of some sort and that might keep him from being 100% committed to steering Tesla. Imagine a driver who is driving and texting at the same time. Now place that car in the middle of a heavy downpour. Even if he is the best driver in the world, that is not very reassuring!
Technically wise, that worry is showing up. Valuations are being compressed and investors are not willing to pay that much of a premium anymore. Yes macroeconomics play a factor too with inflation, rate hikes and recession fearsetc but until the outlook clears up for $Tesla Motors(TSLA)$
Long term wise, Tesla may be a good buy andone to hold on to. If you fall in that category, this price will be a bargain. However, considering the many fantastic companies out there which are also at bargain prices in this environment, it really is a stock pickers' haven now so many will argue there are many alternative fantastic companies on sale.
Thanks for reading!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Ok