Tesla was as LOW as $680 just 1 week ago (May12). Furthermore, it dipped to $689.03 on Feb 23 2022. Will not be surprised to see more price correction. The CEO is certainly not focusing on what he should be doing.
Here is the thing. If it hit 160, chances are there is an underlining reason it hit that and you likely would have hesitations at that price based on the new information that resulted in such a drop.
I mean, i'm not saying it will definitely hit that or anything, but dropping down to $160, what would that mean in terms of valuation for Tesla? Would they be about the same as Toyota or Mercedes Benz then? Doesn't seem too unrealistic.
I'm invested in it(tough I already took a bit chunk of profit), have a base price of $630. and tough I believe the stock will in the future rise again, it very much can fall beneath $500.
If you're a long-term investor, you shouldn't worry about market psychology & technicals. They typically don't hold over years. But traders need to be very aware of psychology and technicals because they guide most of the near-term movements.
I remember getting downvoted for saying this 2 months ago on this subreddit. I warned this bubble will pop for Tesla and it cannot continue to keep going up. I got downvoted so much by all these delusioned meme stock idiots. Glad to see finally people are coming to reality with this actual valuation & market cap discrepency
How the fuck is 1,040% return over 5 years a bad stock? How? Ignore the names, the bias and all non-important factors, they’re an amazing stock with very steady growth and unmatched vision & management. Sometimes valuation multiples do justify themselves.
Liability, dude is a master of pump and dumping everything he touches. I wonder how many people lost money in dogecoin from his pump antics. Here we are repeating the same shit with twitter, before all this the endless promises.
Tesla is still a fantastic company, and I have no doubt they company will do well long term. The only problem has been the stratospheric valuation. If and when it drops to its fair price of $160, I will be buying up shares like crazy.
And, there was a chilling report issued a couple days ago (I forgot what brokerage it was) saying that Volkswagen and other carmakers have caught and surpassed Tesla in quality, value, and potential growth.
If they return to a rational PE then fine. It was over 1000 last year when annualized EPS was $2 and it's 100 now at $13. EPS is simply not going to grow much more and it would have to grow 4-5X again to justify this PE. If they can get to $17 EPS and 25 PE the stock stops at $420.
To be fair, if any company out there is comparable to the dot com bubble it is Tesla. Not saying it will drop 80% or whatever, but if there is any over hyped company it would be them i guess.
I don't understand why you're implying it won't happen. No one expected 70%-99% drops in 2000 for companies that are still alive today. But guess what, it did happen.
Tesla is dramatically overvalued as a strict car company, like 10-15x the pe ratio of Toyota. If the market stops believing it's about to invent AI and self-driving android robot taxis, it could be heading down for awhile.
I’m just here wondering why nobody is taking the overall market into account. At this current moment many people are speculating on specific dipping stocks even though most or even all those stocks are following the market.
Why do people think this is an intelligent response? LFVN is a MLM pyramid scheme that hawks miracle cures for all kinds of shit like cancer, ALS, etc. (via testimonials of course to avoid technically breaking the law) and has even gotten warning from the FDA. Just because it's a shit scam company doesn't mean I'm going to short it. People are irrational as fuck and the risk profile of a short can absolutely destroy you. Even if the company is complete shit.
It's a moderately successful luxury car manufacturer with a niche market and an erratic CEO who acts impulsively and recklessly and has lots of other companies and pursuits that occupy most of his time.
The price of Tesla driving the recession? Come on now. It's natural business cycles and people retiring should know not to have too much invested in stocks.
The Tesla brand is Elon. They don't advertise, it's all him. He's decided to become a Rogan bro, and competitors are ramping up manufacturing, benefited by the $7500 federal EV tax credit. It's become common knowledge that Tesla build quality isn't up to par, and that (safe) FSD isn't becoming a reality any time soon.
I did an analysis recently that showed $160 to be fair value for Tesla. But just a few days later saw a much more indepth analysis showing that I must be a Tesla fanboy and that a fairer value was $130.
I had 30 shares at $212 pre split and sold for $750 pre split in 2020. I’d love for it to go down to make myself feel better about selling back then. Lol
Bad Q2 numbers are being priced in. Shanghai factory shutdown for a month and a slow ramp up to full capacity will hurt Q2 numbers. Also Germany production is slower then expected.
Good. Musk is a creepy little weasel and Teslas have some of the worst quality ratings on the market. The fact that Tesla fanboys keep jerking off all over Tesla is just sad.
Tesla is not worth $200, was an overvalued meme stock and it will keep going down. The big car makers are about to outperform them in tech already and soon also in production.
This clown a while ago was posting about how he couldn't comprehend why Baba dropped 3% in no news and now is out here with a miraculous dd he made giving him a 160 entry point that he refused to post until now
Well, it should be clear that the CEO doesn't give a shit about shareholders or those that are deeply invested in TSLA. It seems that these days he is more worried about being a dank meme lord than doing things.
I mean looking at the chart today it does look like there are quite a few buyers at the $700 price. The fact a few sold just under that does not negate where the buyers are.
wait until tesla taxi, ai robot, cyber truck, insurance, full self drive is out.....u all know how cheap it is right now. got tons 100$ pre split and all in again at 690🫰🏻
Lol educate yourself on the company growth will outpace pe. Last year pe was over 1000, now under 100 that’s an earnings 10x with the stock price probably the same. What do you think will happen when Tesla sells cars at scale. This is just getting started.
Are you serious? The total global car sales is ~75m per year and you think tesla will sell 1/4 of the total with an average sale price of $50k? The only way I see that happening is if they build 5 more gigafactories and release two sub $30k models. Which isn’t happening by 2030 which is only 7.5 years away.
TSLA remains relatively cheap given their projected growth, but with all the uncertainty in the economy and Elon diving into a bunch of distractions, it begins to make a little more sense.
I called it earlier this year. It would hit 600 by June. If it does Tesla will hit another massive sell off. 600 is where a lot of people have stop loss. It is likely tesla will by at 300 by EOY. That will destroy confidence in the company by investors.
To anyone defending Tesla - I hope you realize Tesla is still Level 2 in autonomous driving, while Mercedes is Level 3, and Volkswagen says they'll reach Level 4 before 2024.
Last I heard, $TSLA share price was around 60x earnings. That was several months ago and this was very predictable. I should have shorted in the $1000’s.
psychological barriers...Yeah Elon mouth...He probably has to pay billion dollars because he canceled the Twitter sale and he broke the NDA about the ghost accounts of Twitter.
So with an estimated eps this year of $13-15, that would put their PE ratio hovering around 10 if the stock falls to 160. How can you be super bullish abt a company that shows little signs of slowing below its 50%+ growth rate, but then believe a PE of 10 would be a realistic entry point? Don’t get me wrong, I’d also love to buy Tesla at $160 but that’s similar to saying I’d only buy Apple or Microsoft under a PE of 10. Tesla grew its eps Q1 yoy by ~6x keep in mind.
Not first time, it hit $680 on May 12
Love how OP responded to all the comments except the ones that called out the price had dipped before
Ya I was gonna say I remember 684 like a week ago.
I was gonna say I just bought at 695 a few days ago.
Next stop 80$
I could singlehandedly bring the stock down for you guys; but I'm not ready to buy.
just do it we'll pitch in to get you back up
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Take one for the team, fam.
I have this same power with palentir
Still too low to buy huh?
Could you actually sell and make it go back up? Like today? My weeklies are looking rough
Tesla was as LOW as $680 just 1 week ago (May12). Furthermore, it dipped to $689.03 on Feb 23 2022. Will not be surprised to see more price correction. The CEO is certainly not focusing on what he should be doing.
I wouldn’t. Tesla is still trading at high growth SAAS like P/S multiples. It doesnt really make sense in the current market.
Annoyingly, I had a buy order set up at exactly 680 and it didn’t go through. It taught me to not set up orders on whole numbers.
Bet it goes lower than 420.69 just to piss off scam boy.
only Ark stock that is up YoY.
It's useless to even talk about ark anymore
I remember when almost everyone on this subreddit was hailing her as the goat. Times change quickly.
last time I owned Tesla... I bought for 375 (pre splits) oof that hurt to have sold then...
I bought at pre-split $210, sold at pre-split $420 and thought I was a genius lol
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You’ll never own TSLA with that attitude.
Here is the thing. If it hit 160, chances are there is an underlining reason it hit that and you likely would have hesitations at that price based on the new information that resulted in such a drop.
$160? LMAO. Ok sure. I'm buying AAPL at $20 too. GOOGL at $100. And AMZN at $35.
TBF you might be able to get Google close to $100 after July 15th.
I mean, i'm not saying it will definitely hit that or anything, but dropping down to $160, what would that mean in terms of valuation for Tesla? Would they be about the same as Toyota or Mercedes Benz then? Doesn't seem too unrealistic.
tsla at 160 is way more realistic than aapl at 20, googl at 100 and amzn at 35
I don’t think you understand how inflated stocks are
Lmao if it hits $160 I’ll suck every dick on this sub. Tesla won’t fall below $500 at absolute worst
!Remindme 6 months
Can you suck my dick even if it doesn't, only mine 👉👈
Hahahaha bro, it‘s incredible with how much confidence you say this.
Any stock can fall below any price, there’s no bottom in bear market.
RemindMe! 12 months
!Remindme 6 months
IM INNNN GET ME IN!!!!!!!!!!!!
I'm invested in it(tough I already took a bit chunk of profit), have a base price of $630. and tough I believe the stock will in the future rise again, it very much can fall beneath $500.
To be fair, whole of NASDAQ is taking a huge dump every single day
I think $160 is a bit over ambitious, I bought some yesterday, and will buy again in the $600s if possible. Cheers!!
Yeah, $160 just isn’t happening. Under $700 is sniping range for me. Under $600 double down heavier.
Me too, same plan
damn and that bitch is already green again
Things like psychological barriers and resistance levels are complete bullshit.
resistance levels are real, but its not a floor to for the stock price, just that they'll be more buyers or sellers at certain price points.
And god help you if you try to have a reasonable discussion about its valuations with its superfans
They’re basically horoscopes for traders
If you're a long-term investor, you shouldn't worry about market psychology & technicals. They typically don't hold over years. But traders need to be very aware of psychology and technicals because they guide most of the near-term movements.
The product is overrated as well. Shitty build quality, iffy reliability, limited charging network.
The valuation is absolutely terrible
Precisely my point.
I remember getting downvoted for saying this 2 months ago on this subreddit. I warned this bubble will pop for Tesla and it cannot continue to keep going up. I got downvoted so much by all these delusioned meme stock idiots. Glad to see finally people are coming to reality with this actual valuation & market cap discrepency
What part of the company and the product is great?
How the fuck is 1,040% return over 5 years a bad stock? How? Ignore the names, the bias and all non-important factors, they’re an amazing stock with very steady growth and unmatched vision & management. Sometimes valuation multiples do justify themselves.
Please keep the bearish FUD coming, I'm buying.
Elon needs to shut up and work. They need to take away his phone and not let him do interviews. He is slowly destroying the Tesla brand
Yup, Brand erosion is big. But, for now the technology moat my keep tesla ahead…
I don't really like this reasoning. It's like the Republicans who said they should take Donnie's phone away.
It was 680 a while ago. How do people make a post like this without even checking something so basic?
You will never see 160 without a split
Remindme! 2 years
I wonder if we're witnessing the downfall of TSLA.
Liability, dude is a master of pump and dumping everything he touches. I wonder how many people lost money in dogecoin from his pump antics. Here we are repeating the same shit with twitter, before all this the endless promises.
Tesla is still a fantastic company, and I have no doubt they company will do well long term. The only problem has been the stratospheric valuation. If and when it drops to its fair price of $160, I will be buying up shares like crazy.
And, there was a chilling report issued a couple days ago (I forgot what brokerage it was) saying that Volkswagen and other carmakers have caught and surpassed Tesla in quality, value, and potential growth.
They're this bubble's Cisco.
The new Tucker automotive
Lol imagine thinking Elon is a liability instead of an asset for Tesla
If they return to a rational PE then fine. It was over 1000 last year when annualized EPS was $2 and it's 100 now at $13. EPS is simply not going to grow much more and it would have to grow 4-5X again to justify this PE. If they can get to $17 EPS and 25 PE the stock stops at $420.
Great! Only $500 more to go before it becomes a buy!
To be fair, if any company out there is comparable to the dot com bubble it is Tesla. Not saying it will drop 80% or whatever, but if there is any over hyped company it would be them i guess.
I don't understand why you're implying it won't happen. No one expected 70%-99% drops in 2000 for companies that are still alive today. But guess what, it did happen.
80$ is more like it
Still well over valued
And it’s still inflated!!!
With recession at the door and Chinese EV flooding china, I don't see Tesla "double digits" revenue growth continues in the second half of this year
Wait for the bottom an load up, I'm playing puts until then lol
Tesla is dramatically overvalued as a strict car company, like 10-15x the pe ratio of Toyota. If the market stops believing it's about to invent AI and self-driving android robot taxis, it could be heading down for awhile.
Tesla at $160? Tell me that’s a typo please?
I know. It makes me sound like a Tesla fanboy, but I did quite a deep analysis to come up with that bullish figure of $160.
It can go down further than that and I say it needs it
Below the $160 fair value I mentioned?
I’m just here wondering why nobody is taking the overall market into account. At this current moment many people are speculating on specific dipping stocks even though most or even all those stocks are following the market.
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Still too high
Short it and post results please
Why do people think this is an intelligent response? LFVN is a MLM pyramid scheme that hawks miracle cures for all kinds of shit like cancer, ALS, etc. (via testimonials of course to avoid technically breaking the law) and has even gotten warning from the FDA. Just because it's a shit scam company doesn't mean I'm going to short it. People are irrational as fuck and the risk profile of a short can absolutely destroy you. Even if the company is complete shit.
The era of Elon Musk as a Hype man leading to over-valuation may be (thankfully) coming to a close.
It's a moderately successful luxury car manufacturer with a niche market and an erratic CEO who acts impulsively and recklessly and has lots of other companies and pursuits that occupy most of his time.
The price of Tesla driving the recession? Come on now. It's natural business cycles and people retiring should know not to have too much invested in stocks.
The Tesla brand is Elon. They don't advertise, it's all him. He's decided to become a Rogan bro, and competitors are ramping up manufacturing, benefited by the $7500 federal EV tax credit. It's become common knowledge that Tesla build quality isn't up to par, and that (safe) FSD isn't becoming a reality any time soon.
i dont really understand the claim that only one side of the political spectrum is pro-elon/tesla.
Still more to go, reasons to be bearish on Tesla.
Adding a few more:
Ill buy at $350
What do you guys think now a good entry price?
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I did an analysis recently that showed $160 to be fair value for Tesla. But just a few days later saw a much more indepth analysis showing that I must be a Tesla fanboy and that a fairer value was $130.
I had 30 shares at $212 pre split and sold for $750 pre split in 2020. I’d love for it to go down to make myself feel better about selling back then. Lol
I bought 1 share. Lol.
So, you think the stock is going to fall another 77%? Why would you buy in @ 160? The price has been @ 50~70$ for a long time, why not buy there?
Bad Q2 numbers are being priced in. Shanghai factory shutdown for a month and a slow ramp up to full capacity will hurt Q2 numbers. Also Germany production is slower then expected.
Yolo into $200p leaps my guy
It’ll go lower than $500 before July
What? You meant to say "first time below $700 since last week".
Good. Musk is a creepy little weasel and Teslas have some of the worst quality ratings on the market. The fact that Tesla fanboys keep jerking off all over Tesla is just sad.
Next time Bill Gates puts a $500M short on a stock I'm all in.
Yup don’t bet against Bill. Jesus he’s having the last laugh on that one. And it’s just pocket money to him too.
$500 here we come ! Let’s margin call Elon. We know he doesn’t have backers and now need to lower his buy price.
Tesla is not worth $200, was an overvalued meme stock and it will keep going down. The big car makers are about to outperform them in tech already and soon also in production.
Still over value
160...what an idiot
$600 .. here we go...
Tesla and Trump babY!!!
Lowest.. SO FAR
confidentlyincorrect
https://i.imgur.com/72rsA6k.jpg
Hahahahahahahahahahahahahqhahqhahqhahqhqhqhahahahahaha. 160 and DCA from there. You'll never own tesla then.
Now Elon will tweet saying it's the Dems sabotaging his company.
Tesla is way overpriced. It is worth more then the entire planet's worth of car manufacturers.
Anyone agreeing with this has no clue how to value a company.
Elon is melting down - the bubble has burst - it's going to 200.
This clown a while ago was posting about how he couldn't comprehend why Baba dropped 3% in no news and now is out here with a miraculous dd he made giving him a 160 entry point that he refused to post until now
I really do wonder how people come to these kinds of conclusions.
You want a 2022 EOY P/E of 10?
Still extremely overvalued imo. I think there's still a ways to fall for this one. At some point, I will be a buyer.
Well, it should be clear that the CEO doesn't give a shit about shareholders or those that are deeply invested in TSLA. It seems that these days he is more worried about being a dank meme lord than doing things.
I mean looking at the chart today it does look like there are quite a few buyers at the $700 price. The fact a few sold just under that does not negate where the buyers are.
Good for Bill Gates
this shit coming down to 400 ish : )
wait until tesla taxi, ai robot, cyber truck, insurance, full self drive is out.....u all know how cheap it is right now. got tons 100$ pre split and all in again at 690🫰🏻
She’s headed wayyyy down, buckle in boys
i’ll buy it once the company isn’t worth more than every other car company COMBINED
bought in when it was $876 a few weeks ago.. sold when it was $954...glad i got out before the dive
Too inflated at 700, but you just bought in a few weeks ago at 876?? Lol wut?
It’s still $500 overpriced. I’ll buy in at 200
I wrote in the post that I calculated fair value to be $160
Michael Burry is winnnninnnn
My Tesla and NVIDIA puts are printing money 🤑
TSLA could easily go down to $200 and it'd still be too expensive
Here's a dose of reality for you. The minimum possible share price for Tesla is $0.
It's a start, but TSLA should probably go lower. The market cap is still pretty outrageous even if you buy the bull thesis ( I don't ).
Read the post. I reckon the fair value is $160
Lol educate yourself on the company growth will outpace pe. Last year pe was over 1000, now under 100 that’s an earnings 10x with the stock price probably the same. What do you think will happen when Tesla sells cars at scale. This is just getting started.
Still over valued
It’s going to zero. Musk just raped someone.
Bro $160?
Musk really screwed the pooch with his twitter stunt.
Give me one reason why Tesla will not be selling 20m cars per year by 2030?
Are you serious? The total global car sales is ~75m per year and you think tesla will sell 1/4 of the total with an average sale price of $50k? The only way I see that happening is if they build 5 more gigafactories and release two sub $30k models. Which isn’t happening by 2030 which is only 7.5 years away.
Anybody grabbing some $2475s for 2024?
Next support area is around $535. Not saying it gets there but that’s what it looks like on the chart.
Bill Gates is salivating
Why is this upvoted? Who cares? Lol
TSLA remains relatively cheap given their projected growth, but with all the uncertainty in the economy and Elon diving into a bunch of distractions, it begins to make a little more sense.
Do you think some TSLA shares owners are selling because Musk made negative comments about the democrats?
I'm a buyer at $100.
Thanks crazy Biden way to destroy but get what you want, or hunter...
Wait until Elon is asked to step down after today’s revelations
I called it earlier this year. It would hit 600 by June. If it does Tesla will hit another massive sell off. 600 is where a lot of people have stop loss. It is likely tesla will by at 300 by EOY. That will destroy confidence in the company by investors.
To anyone defending Tesla - I hope you realize Tesla is still Level 2 in autonomous driving, while Mercedes is Level 3, and Volkswagen says they'll reach Level 4 before 2024.
I hope if goes to zero
Yes it is on a critical support line now,sooner or later it will break then Musk will learn some lesson about being manupulative
Last I heard, $TSLA share price was around 60x earnings. That was several months ago and this was very predictable. I should have shorted in the $1000’s.
'Member when tesla cost less than $200?
Stock split gonna be a good deal.
That hack costing them
I see opportunity!
Get used to it
Don't worry everyone. I'll buy more shares tomorrow so the price will nosedive
psychological barriers...Yeah Elon mouth...He probably has to pay billion dollars because he canceled the Twitter sale and he broke the NDA about the ghost accounts of Twitter.
I remember when I was looking to buy around $430 lol
So with an estimated eps this year of $13-15, that would put their PE ratio hovering around 10 if the stock falls to 160. How can you be super bullish abt a company that shows little signs of slowing below its 50%+ growth rate, but then believe a PE of 10 would be a realistic entry point? Don’t get me wrong, I’d also love to buy Tesla at $160 but that’s similar to saying I’d only buy Apple or Microsoft under a PE of 10. Tesla grew its eps Q1 yoy by ~6x keep in mind.
I bet Tesla will hit $600 before it bounces up
All support level means is a area in which there has been a high level of trading, or a pivot point.
Good, I can add up again
160 you say?
Get to 200$ and I’ll load the boat
I can see it going lower than $694….
Musk applies food stamps,,,