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Tesla cracks $1000/share

DChosenOne

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If you're too cheap to buy shares of TSLA (I know I am) NIO which is reportedly the Chinese version of Tesla has been flying recently. They IPO'd a year or two ago I think at around $9 or $10 but then rumors of bankruptcy caused the share price to tank to around $1 and the crash in March also didn't help things either but they now have secured funding and apparently have the backing of the Chinese government. I'm up over 30% in the last few days but don't blame me if it's a pump and dump.

Actually I do own shares of TSLA but it's in a mutual fund. BPTRX has a 20% holding in TSLA and a 5% in SpaceX. High fee though at over 2%.
I considered buying NIO a few months ago when it was two and change during the peak of Covid in China.
I knew the Chinease government was way too proud to let them fail. Should have gone with my gut and pulled the trigger. Could have saw 300% return.
 
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samporter

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May 29, 2020
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I missed the boat with Tesla stocks. I should have gotten it around 500. The fake news kept predicting Tesla was going bankrupt anytime now. In retrospect, Tesla's stock was always attractive. Their cars are great products, they are now the standard in the mid end luxury sedan market, more people are going electric. With everything Elon Musk was involved with, from renewable energy to space exploration, it was a mistake to doubt him.
 

n0razi

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May 1, 2014
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I sold all my near-IPO ($~35) shares around when it hit $600. I got FOMO a bit later and bought back in at $700 lol.

People are talking about the cars but its the battery tech and supercharger network that really put Tesla way beyond their competition IMHO. Model 3 Performance will probably be my next car when my current one is on its last legs.
 
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Weiji

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Jul 20, 2018
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Back around the $300 per share range their forward P/S ratio was actually pretty cheap compared to “tech” companies broadly.

I think it was like $2. For reference MS is usually range bound $9-12 P/S.

Thing is most car makers are pretty low, I think Toyota is around $3-4.

Even now Tesla’s price isn’t bad relative to growth and sales, as long as you view it like a tech company rather then a car company (you shouldn’t, it’s somewhere in between)

Anyway it’s nothing compared to the overpriced nonsense that are SHOP & COUP.
 

godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
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I sold all my near-IPO ($~35) shares around when it hit $600. I got FOMO a bit later and bought back in at $700 lol.

People are talking about the cars but its the battery tech and supercharger network that really put Tesla way beyond their competition IMHO. Model 3 Performance will probably be my next car when my current one is on its last legs.
Also, Tesla has the most data of all companies pursuing autonomous driving. Google and Uber combined have a couple thousand cars running with Lidars, while Tesla has tens of thousands of cars running with cameras. Self driving is a data problem and Tesla will win in the end.
 

Frito_Pendejo

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Sep 17, 2019
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Also, Tesla has the most data of all companies pursuing autonomous driving. Google and Uber combined have a couple thousand cars running with Lidars, while Tesla has tens of thousands of cars running with cameras. Self driving is a data problem and Tesla will win in the end.

Not to nitpick but it’s hundreds of thousands.
 

Frito_Pendejo

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Sep 17, 2019
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I sold all my near-IPO ($~35) shares around when it hit $600. I got FOMO a bit later and bought back in at $700 lol.

People are talking about the cars but its the battery tech and supercharger network that really put Tesla way beyond their competition IMHO. Model 3 Performance will probably be my next car when my current one is on its last legs.
I have almost 90 shares currently and if it makes you feel better I sold 13 shares when it was $221 because the stock just stayed in that range for about a year. But I did sell 4 shares at $900 a piece.
 
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DChosenOne

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They say Nvidia is a forerunner at the moment for AI. If they keep that position they're going to be hugely valuable in the future. Like north of 1000 per share.
I'm hoping to buy on a dip to 300 range in the near future.
 
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EviLore

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Relevant: Lyft just committed to 100% electric vehicles on their platform by 2030.


 

Frito_Pendejo

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Relevant: Lyft just committed to 100% electric vehicles on their platform by 2030.


I can’t imagine this is going to help lyft...
 
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Mar 3, 2014
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I'm not too knowledgeable on stocks and big company operations, but was just talk to friend about this and he's pretty convince that Tesla will eventually lost so much money that they'll turn to Chinese investments and basically got taken over by China, along with SpaceX. is this even a possibility or he's just being paranoid?
 

Frito_Pendejo

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I'm not too knowledgeable on stocks and big company operations, but was just talk to friend about this and he's pretty convince that Tesla will eventually lost so much money that they'll turn to Chinese investments and basically got taken over by China, along with SpaceX. is this even a possibility or he's just being paranoid?
No. He’s wrong.

Sorry, I should’ve added a bit more to this. We’re making profits nearly every quarter and did so during the height of corona. The 3, for how rough it started off with body fitment issues etc. has basically turned into a vehicle with very little issues. I’m on service side so I see whatever problems there are. The Y, which I originally disliked when first revealed is so much better looking in person than I ever could’ve imagined. I’m still skeptical of the cyber truck due to the design but the preorders were insane. Range is steadily going up and the million mile battery should only help matters.

I know Tesla has been hammered on quality of stuff but I promise you the company cares. They go to great lengths to fix any issues and to improve on everything that’s discovered to be a problem. I wouldn’t even back the company up so much if I didn’t see all of this stuff firsthand and see how much they truly do care about the customer and resolving complaints.

At the end of the day it could all fall apart but I don’t see it happening. The model 3 is basically the best vehicle you can buy at that price range and it’s nicer than a lot of vehicles much more expensive. I’m waiting two more years before I dip my toes and get my wife a Y.
 
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Weiji

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Jul 20, 2018
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The real money will go to whatever company gets to road ready driverless first.

Tesla has mad data, so I think there’s a good chance it will be them.

But the stock price reflects that. If it was just EV cars they’d probably be worth two thirds their current valuation. (Which is still impressive given where it puts them in terms of car manufacturers)

Boggles my mind listening to finance experts talk about them being a fraud while I see them everywhere I go and know multiple people who own a model 3.
 

DChosenOne

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Aug 25, 2019
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Tesla over $1100. They killing it. Happy for everyone who bought in but I stand by my earlier assessment that it's greatly overpriced and the next plunge in market is really gonna give the stock a shit kicking.

In other news I sold my shares of Sorrento Therapeutic today after hours for a nice 40% profit after holding for a month. I may buy some options tomorrow, we'll see how the market looks.
 
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Jun 9, 2004
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sad I don't own shares

even if I had a time machine I would not have the money

edit: on a sidenote I think China will be a problem for Tesla in the future. Glad that is not their only factory but it will be an issue, China might end up stealing all the technology and create a spinoff knockoff.
 
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godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
Mar 15, 2007
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The real money will go to whatever company gets to road ready driverless first.

Tesla has mad data, so I think there’s a good chance it will be them.

But the stock price reflects that. If it was just EV cars they’d probably be worth two thirds their current valuation. (Which is still impressive given where it puts them in terms of car manufacturers)

Boggles my mind listening to finance experts talk about them being a fraud while I see them everywhere I go and know multiple people who own a model 3.
Many finance experts don’t know jack shit about tech. I met a fund manager who quit Wall Street a couple years ago to work as a data scientist in San Francisco at the company I work for and the stories he tells me around the boneheaded boomer decisions the fund managers make are crazy. Right now there is a short squeee on Tesla and it is driven by fund managers “finance experts” who have lost a grasp of the market.
 
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If you're too cheap to buy shares of TSLA (I know I am) NIO which is reportedly the Chinese version of Tesla has been flying recently. They IPO'd a year or two ago I think at around $9 or $10 but then rumors of bankruptcy caused the share price to tank to around $1 and the crash in March also didn't help things either but they now have secured funding and apparently have the backing of the Chinese government. I'm up over 30% in the last few days but don't blame me if it's a pump and dump.

Actually I do own shares of TSLA but it's in a mutual fund. BPTRX has a 20% holding in TSLA and a 5% in SpaceX. High fee though at over 2%.
NIO is taking off damn. I got a couple hundred shares at like $5 something average. New hyped up meme stock?
 

btgorman

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Y’all are gambling. There’s no rhyme or reason for these companies to reach these prices. Everyone is hyping and buying it up. Only a matter of time before the rug is pulled from underneath you.
 

Frito_Pendejo

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Sep 17, 2019
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Y’all are gambling. There’s no rhyme or reason for these companies to reach these prices. Everyone is hyping and buying it up. Only a matter of time before the rug is pulled from underneath you.
If you say so. I purchased my last 17 shares at $171 a piece.
 

DKehoe

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Jun 19, 2007
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Y’all are gambling. There’s no rhyme or reason for these companies to reach these prices. Everyone is hyping and buying it up. Only a matter of time before the rug is pulled from underneath you.
It is gambling but there is reasoning behind it. The two aren’t mutually exclusive. Like how there’s reasoning behind the odds set for a sports game.
 
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ape2man

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May 23, 2006
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In this market? Yea why not. JPowel is pumping so much in this market. Will it last? Hell no, P/E will matter something again at one point maybe after the elections. This stock is SO OVER priced.... reality has left this market.

And i'm bitter as fuck... i remember thinking of buying it at 170 :(
 
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Taxexemption

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Oct 11, 2011
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In this market? Yea why not. JPowel is pumping so much in this market. Will it last? Hell no, P/E will matter something again at one point maybe after the elections.
Will it? Where else are you going to put your money? If stocks give the best returns and alternative don't keep up with inflation you'll buy stocks all day and night or stare at your money losing purchasing power. When you can't just buy bonds or put it in a savings that gives you a decent rate there is no alternative. PE ratios will go to the moon
 
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btgorman

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It is gambling but there is reasoning behind it. The two aren’t mutually exclusive. Like how there’s reasoning behind the odds set for a sports game.
This is not a sign of a healthy market. When fundamentals no longer we matter and stocks only go up because Jerome Powell pumping the market with 0 interest loans and printing absurd amount of money. But I guess that’s okay cause we get to make some money sharing a delusion that this is totally normal.
 
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Taxexemption

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This is not a sign of a healthy market. When fundamentals no longer we matter and stocks only go up because Jerome Powell pumping the market with 0 interest loans and printing absurd amount of money. But I guess that’s okay cause we get to make some money sharing a delusion that this is totally normal.
Well what's the alternative? I don't control the fed and you don't. You can get in the stock market and maybe the environment created by the fed will push stock prices up, or you can watch your money get inflated away, or can hang out with peter Schiff and hold physical gold and silver hoping that the fed destroys our entire system so that your special rocks make you rich in a mad max dystopia.


It's all the fed's fault, but what are you going to do? I'm going to be in the market cause I think in the long run the fed will pump so much money into it that it will be better than alternative even if the PE ratios and fundamentals in general are crap.
 

ape2man

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Will it? Where else are you going to put your money? If stocks give the best returns and alternative don't keep up with inflation you'll buy stocks all day and night or stare at your money losing purchasing power. When you can't just buy bonds or put it in a savings that gives you a decent rate there is no alternative. PE ratios will go to the moon
There is no way a market like this can sustain tesla with this price. Who in their right mind would buy a 50k car in a coming depression? You could be fired at any point. If they where affordable i would recommend buying some puts for next year. But the recent up and down swings made any options too expensive.
 

Tesseract

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This is not a sign of a healthy market. When fundamentals no longer we matter and stocks only go up because Jerome Powell pumping the market with 0 interest loans and printing absurd amount of money. But I guess that’s okay cause we get to make some money sharing a delusion that this is totally normal.
 

Taxexemption

Member
Oct 11, 2011
564
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There is no way a market like this can sustain tesla with this price. Who in their right mind would buy a 50k car in a coming depression? You could be fired at any point. If they where affordable i would recommend buying some puts for next year. But the recent up and down swings made any options too expensive.
What is your non stock related investment alternative?
 

btgorman

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Jul 26, 2009
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Well what's the alternative? I don't control the fed and you don't. You can get in the stock market and maybe the environment created by the fed will push stock prices up, or you can watch your money get inflated away, or can hang out with peter Schiff and hold physical gold and silver hoping that the fed destroys our entire system so that your special rocks make you rich in a mad max dystopia.


It's all the fed's fault, but what are you going to do? I'm going to be in the market cause I think in the long run the fed will pump so much money into it that it will be better than alternative even if the PE ratios and fundamentals in general are crap.
Precisely why this country is going to shit. No more personal responsibility. Always subservience and fealty to something greater than.

 
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MaestroMike

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Sep 25, 2011
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In this market? Yea why not. JPowel is pumping so much in this market. Will it last? Hell no, P/E will matter something again at one point maybe after the elections. This stock is SO OVER priced.... reality has left this market.

And i'm bitter as fuck... i remember thinking of buying it at 170 :(
Lol would be nice to get a 700% or 800% return but people pumping up tech stocks prevent stocks in other sectors getting pumped so they're still kinda affordable
 
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godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
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Precisely why this country is going to shit. No more personal responsibility. Always subservience and fealty to something greater than.

I advice you to drop the emotions out of your investment evaluations.

The models for security evaluation are changing thanks to retail investors, a pandemic, and a Cold War on the technology front. If you continue letting your anger cloud your vision, and ignore the fact that your original evaluation model doesn’t apply anymore, you are going to continue losing. America will go up or down regardless of whether you make money or not. Why not just make money instead of being angry that the game has changed?
 

Dr.Guru of Peru

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Maybe, but you invest in the hopes of a return on your investment. Tesla doesn't pay dividends, so what are people buying into Tesla right now realistically thinking its future valuation will be?