Having been a staunch advocate for Tesla (TSLA) since it was at $22.00, I initially bought shares in the company when it was at $119.00, then again when it was at $115.00. Now I bought stock in Tesla, and it turned a three day down run into a $13.00 gain on the day per stock (this and the charts tell you everything you need to know about the timing of Tesla’s big stock run that will happen over the next few weeks) is more amazing then what many analysts even estimate Tesla would net. So why did Tesla go up as much as it did? That’s easy to answer, because Elon Musk stated that it was overvalued now and that it would go up in the long term, so people should buy when Tesla is cheap. And if the CEO and Founder of an influential car company told you something is cheap, wouldn’t you just buy it without investigating it at all? Reason number 2 for the people who actually look at the charts and fundamentals, Google is looking to buy it, while Mercedez – Benz is begging Tesla for a lifeline while offering 4.72% in Meredez. Google speculations have fueled the recent $13.00price increase, but I expect TSLA to keep going up and up in coming days,
TESLA: Jump on the Bandwagon before it’s too Late
05 Tuesday Nov 2013
Posted in News
Do you expect Tesla to grow at a consistent rate? You said it would last thurdays when they hired the Ex. from apple, yet it dropped last friday, unlike how you predicted. So whats your comment on this?
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OK so I did say it was going to grow and go well, and it did until after hours trading yesterday. It reached pre-fire rates and reached $184. However, even though Tesla beat expectations for Q3 (selling 5500 cars, 500 more than expected), and reported 603 million dollars in earnings, it did fall because it didn’t beat analyst estimates (and also because it is overvalued at the price it is at right now).
Elon Musk himself calls it a long term buy. However, if you look a the charts (which is how I predict investments), you’ll notice that it should have gone up. Additionally, if you notice the plummet in price, it came after a 14 dollar jump in stock price. Starting from the time when Tesla jumped 10 dollars to go to $70.00, it always falls. Think about when it went up $12.00 (to $130.00) after reporting good Q2 earnings, it then proceeded to fall to $106.00. Although $25.00 is a large sum for a stock to fall in a day, it’s not unexpected AT ALL.
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Well since it is steadily dropping every time it rises, do you suggest buying it if it will just go up and down?
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I’m a bit miffed at the moment. I had this extremely HUGE response typed out and it was all done when I accidentally clicked another tab and my huge response was gone. So let me paraphrase what I had written in the last comment.
It’s going to rebound. Buying it now and buying it when it falls to the 140ish range won’t have much of a difference because Tesla is going to rebound. The only effect I think would be that now you have a better chance of buying at a low before it rebounds. I don’t know when the next time it will drop this low will be, but any time soon it should be rebounding (say tomorrow). And yes, I am a day trader, so if you have the time to buy the stocks and monitor it continuously, I do recommend that you buy and sell throughout the day as it is fluctuating. Tomorrow I will post a thorough analysis of Tesla, and one other stock (I will put a poll up here for people to decide) and I will examine the ups and downs of both stocks.
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