Bought TSLA stock today

[Crissa]

If the market were pricing TSLA-the-stock accurately, the market cap would be similar to BMW's -- because Tesla-the-business's volume is a little lower, but their growth prospects are a little higher.

BMW only made 2.5 million cars in 2021. Their volume is only twice of Tesla, and the don't have the growth numbers, no. Nor the profit.

Tesla made as much profit last year as Toyota, despite the latter selling vastly more cars.

-Crissa

 

[Crissa]

get back in for w

The 33 times are indeed for Forward earnings.

No it is not.

-Crissa

 

[charliemagpie]

Many analysts predicting ~$5.50 earnings per share in 2023
https://au.finance.yahoo.com/quote/TSLA/analysis?p=TSLA

Referring to my low estimate, they are half way there.

2021	2022 ?	2023 ?
$3.61	$4.60	$11.00

 

[android04]

mmm...

......HARD PASS

I used to have the same feelings for Canoo just based on appearance. But after watching this video with Sandy Munro I grew to like it somewhat despite it's outside appearance ?.

I still wouldn't invest any money on Canoo even though I hope they are successful. They don't have a proven track record yet, unlike Tesla.

 

[Ehninger1212]

I used to have the same feelings for Canoo just based on appearance. But after watching this video with Sandy Munro I grew to like it somewhat despite it's outside appearance ?.

I still wouldn't invest any money on Canoo even though I hope they are successful. They don't have a proven track record yet, unlike Tesla.

Oh, I love the design. But the company is a bit sketch in IMHO.

 

[Mini2nut]

Will the stock hit $99?

 

[Aces-Truck]

I'm planning to buy TSLA for the first time, probably early next week. I want to set the buy as a limit order. Looking at $108 or so. Not sure if I should set it lower (to buy more shares). I'll hold at least 3 years.

Okay, tell me I'm being foolish.....

 

[Rutrow]

I'm planning to buy TSLA for the first time, probably early next week. I want to set the buy as a limit order. Looking at $108 or so. Not sure if I should set it lower (to buy more shares). I'll hold at least 3 years.

Okay, tell me I'm being foolish.....

Do it tomorrow and do a series of descending limit orders from $105 down to $90. China price reductions are going to hit the price hard.

 

[OUTLAW]

Valuation being one compelling headwind, but now tesla has lost pricing power specifically in China and it will soon arrive in US.

 

[charliemagpie]

Tesla's profit is high in China. COGS have stabilized, and now the previous increases can be reversed.

The Covid shutdown contributed to the missed '50%' target, which was a guideline. An average target over a few years.

This 'miss', opportunistically weaponized by media or more accurately... their controllers.

2023 will bring a 70% increase... Germany and Austin will be in production at least a combined 700,000.

Reading reports, VW's biggest factory is currently operating at 50%.

Tesla continues to operate at 100%, and gets punished for maintenance shutdowns.

On January 25th we start to hit back.

On March the 1st, we will shake the industry.

In April, when we release 1st qrt results, they will have to come up with a different angle of attack.

Whatever happens in the interim, is just battles.

 

[Ogre]

Valuation being one compelling headwind, but now tesla has lost pricing power specifically in China and it will soon arrive in US.

Tesla pricing has been ridiculously high for most of 2022. Musk has said as much.

“We have raised our prices quite a few times,” Elon Musk said during the call. “They are frankly at embarrassing levels.”

He’s also pointed out they will be coming down in other calls. I’m not sure why people act like this is at all surprising. “They are losing pricing power!!”, sounds so much scarier than they are restoring prices they had 16 months ago. This past year was a gift to Tesla’s bottom line and never sustainable. If you paid attention, you knew this. Musk SAID it multiple times so even if you weren’t paying attention it was obvious.

But we still get chicken little.

This is from JUNE:

Even with their new lower prices Tesla has industry leading margins.

 

[Ogre]

Meanwhile in China. Tesla HQ looks like Apple stores back in the day with lines going around the block.

 

[Ogre]

Do it tomorrow and do a series of descending limit orders from $105 down to $90. China price reductions are going to hit the price hard.

Seems like this strategy is not going to work.

Personally, every time I’ve tried to time the bottom of a stock I end up with a bunch of cash in hand and no stock. Tesla is very near the bottom and shows ever sign it’s going to resist $100 hard.

 

[Rutrow]

Seems like this strategy is not going to work.

Personally, every time I’ve tried to time the bottom of a stock I end up with a bunch of cash in hand and no stock. Tesla is very near the bottom and shows ever sign it’s going to resist $100 hard.

Don't give up yet! My plan is working for me so far. I picked up 3 @ $105 and 3 more @ $103. Just barely missed 3 more at $101, but the day's not over. I think you're probably right about the $100 resistance, but I'm poised if it does break and I want plenty of dry powder if it does. Actions in the House today might be a force. ?

I'll pull the trigger with my under $100 cash if it goes back above $125 and I'll be happy with what I got for less. ?

 

[Aces-Truck]

I set up some limit Buys today. But (as usual) I was too late in the day to hit a low enough Dip, for anything to execute. Maybe I'll just be cash rich for a while...