So I put 25% of my net worth in TESLA and it's down 33% since I bought

I think it's going to go to 3000 a share tho in the future

Anyone with me?

🐵🙈🤔

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Why do you think 3000. What makes you think that this is a realistic number. What previous company do you have to show that grew in a similar way? Why is Tesla worth so much more and has possible room to grow more? If your gonna invest like this do research and not chase of buzzwords just because you think something will change the world doesn’t mean the business is gonna monopolize that growth.

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Classic buy high strategy

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Guys clearly OP is trying to recover his losses and by posting that message, we are now supposed to all go run out and buy the stock!

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Are you my boyfriend ? Because he did the same thing

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This is basically Wall Street bets subreddit....

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Bold move

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Because people are going to realize it’s a car company?

likeuplifting

25% of what? I need to know how bad to feel

likefunny

After 30 years of savings my net worth is in 7 figures. I wouldn’t make a bet that big on a single stock. My largest % is due to weighting in the S&P 500

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I just read a Morgan Stanley article that their bear case is $10 a share...

My guess is that competitors are catching up quickly and Tesla will be bought out by someone.

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It was never about catching up. They watched and waited while letting Tesla take the idea risk. They know how to make cars... just needed to see if there was a market for electric. Bought themselves 10-12 years and now they are going to burn Tesla to the ground with competition

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Key to successful investment is diversification. Unless you’re an insider. Sounds like a good lesson.

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Doesn’t sound like it was a cheap lesson

I sold Tesla after Elon called that Thailand villager a pedo on Twitter over his submarine rescue idea. Elon sold the idea of driverless cars that run on solar power. I’m now convinced any early mover advantage companies have in autonomous vehicles will ultimately be erased by regulations that prevent it from capturing significant market share. New technology is cool, but not always profitable.

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Current mkt cap of TSLA is just shy of $35b, with a share price under $200, for it to grow to $3000 with the same # of shares outstanding, its market cap would go up by the same multiple of 15x (3000/200), which would put it north of $500b

That puts it in the same company as MSFT, AMZN, APPL, GOOG, & BRKB

Back of the napkin math tells me your $3000 share price is a bit ambitious, but I do hope you’re right bc I love the TSLA cars

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Not sure how many in this post actually own/drive Tesla. There is so much being spoken in media against the company. But the one thing as a Tesla owner i have never found is an owner who regrets buying it..the car is unbelievably fantastic and ages ahead of the rest of the industry..cant speak for the stock price, survival of the Company- but am very convinced that no other car is even close to being what Tesla is today.

Simple examples - when I bought the car it didn’t have rain sensing wipers, but now my car has it! Which car has a built in dash cam? Even without driverless functionality, it can auto control speed, braking, turns, lane changes on highways!

Tesla is the best example of the revolution we are going to experience in the next decade - the shift towards automation. Hardware will now be modular and the innovations in software development will drive most value.

Don’t know whether or not Tesla will survive, but I and many other happy Tesla owners are bullish about it!

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Dad has a Model X and once drove it for an entire summer while he was overseas. He has no regrets but he’s a techy and the autopilot helps when his commute during rush hour.

Personal thoughts: while the tech and acceleration are cool the fit and finish just isn’t there for a car that cost over $140k. When he first got it, it had to go back multiple times because the dash kept vibrating and the seats would squeak every time you sat in them. The trim also isn’t up to the same quality as other luxury cars.

$140k is ALOT for a car and would buy you any Porsche/Maserati/Mercedes/BMW etc that would be totally buttoned down with incredible finish.

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Someone also bought into cryptos during all the rage too?

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That’s a bold strategy cotton, let’s see if it pays off.

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Tesla will go bankrupt and then purchased by an existing automaker. Musk has no fucking idea how to run a company. They can’t make money or cash flow. Their service is beyond terrible.

Tesla had a great idea but pathetic execution.

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Do you invest in bitcoin too? Heard that’s going up too lol

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OP you still with us?

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$VIX

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You need to watch Billions

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