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I'm guessing that's good by your smiley emoji. I don't know much about shorts
Bet on the stock falling, stock fell, made profits. I'm not a degenerate gambler yet so I've been staying away from options, but shorts when a stock is overheated I'm fine with. In hindsight, I should've sold NVDA when they were up around $150, but my average cost per share is in the $40s and I have a soft spot for them
Just wanted to point out that given TSLA's current valuation, 10x-ing from here would require the company to be valued at just under half of US GDP.
Correct. Tesla is chasing a TAM which is at minimum 10x more than Apple could be 100x more. But that's just my thoughts what is your Tesla stock price target give a number what's the highest it will ever go.
Correct. Tesla is chasing a TAM which is at minimum 10x more than Apple could be 100x more. But that's just my thoughts what is your Tesla stock price target give a number what's the highest it will ever go.
When something is already hypervalued (they need roughly 15x their current revenues to justify their current price), I have no idea how to predict how much farther it will swing in that direction before either A) it comes back to reality or B) reality rises to meet it. Though there's absolutely a real company here with real business serving real markets, and significant potential in other markets, there's also an element of meme-ness and the general current euphoria with tech/AI that is a significant contributor to the sky-high valuation. Those are both difficult to quantify, and difficult to predict.
I know that feels like a non-answer. But that's also why I don't invest in individual stocks. You could be right and it could 10x. I would still be right that no single US company is actually worth 47% of US GDP. But that's what bubbles do. 40 years ago, Tokyo real estate was worth $139,000 per square foot, which is $400,000/sqft in today's money. The Imperial Palace was worth more than California.
When something is already hypervalued (they need roughly 15x their current revenues to justify their current price),
Tesla stock should be $25?
I have no idea how to predict how much farther it will swing in that direction before either A) it comes back to reality or B) reality rises to meet it. Though there's absolutely a real company here with real business serving real markets, and significant potential in other markets, there's also an element of meme-ness and the general current euphoria with tech/AI that is a significant contributor to the sky-high valuation. Those are both difficult to quantify, and difficult to predict.
I know that feels like a non-answer. But that's also why I don't invest in individual stocks. You could be right and it could 10x. I would still be right that no single US company is actually worth 47% of US GDP. But that's what bubbles do. 40 years ago, Tokyo real estate was worth $139,000 per square foot, which is $400,000/sqft in today's money. The Imperial Palace was worth more than California.
Optimus and Robotaxi is hardware leveraging AI not some in the cloud chatbot. But I get it you think Tesla is mostly a speculative stock, a bubble stock basically.