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RE: Guess I Was Right About Tesla

in #technology7 years ago

I would love to see TSLA at $220 again. I dont think it is going to happen. Too many long term holders for it to drop back that far. It if approaches $300, buyers will jump in.

You are right, people have been announcing the demise of Tesla for a couple years. I watched one guy who admitted he thought AMZN was overpriced at $400 said that he is bearish on TSLA like he has been for tow years. His comment, why should I change now? Perhaps because you are WRONG.

Q4..Q1 next year....at some point Musk will get the 3 rolling off the assembly line in force. Right now, he is producing more electric cars than any other company in the world. He might not be able to keep that edge since he has some big competitors. That said, they all have to, at worst, retool, for electric or, more likely, build new factories. Well, guess what Ole Elon is doing...building more factories.