why is tesla stock so high reddit
Overall while growth is expected to remain strong we still think Tesla stock is expensive. All these down-the-road things some people think they will be big in the future.
The offer per share 5420 is reminiscent of Musks infamous 2018 tweet in which he said he had the money to take Tesla private at 420 per share which caused Teslas stock to jump but never materialized.
. You buy stocks for its potential and TSLA is not dividend stocks. TSLA is a very speculative stock with lots of optimism because of the nature of the business. Now Tesla is a special case if we look at Tesla as a company their debt is consistently decreasing equity and profits are growing like crazy all of that is good.
Im tempted to sell my Tesla stock but I dont really understand why its attracting such a high price at the moment. Part of why the stock price is shooting up now is the media is fanning it after previously fanning the Tesla is going bankrupt flames the Tesla shorts were pushingI imagine Tesla will eventually correct itself but where and down to what who knows. When Tesla was trading at almost 400 a share more than a year ago it was because Elon Musk promised 10k cars per week by the end of 2018 from a factory operated almost completely by machines.
Tesla rose up to 23to a new high of around 960 per share before paring back gains somewhat and ending the day at 887 per share. So he became a master of manipulating the stock price in order to get his incentive bonuses. Tesla could probably not have survived another year maybe two without turning a profit.
Cheap to operate That didnt work and Tesla uses people 247 and makes just 7k. In January 2020 Tesla Inc. Teslas High Valuations Will Be Justified.
No profits because they invest everything they can in factories and RD. Its just the valuation. And then theres also some cult of Elon going on.
On Tuesday the stock kept going. Teslas market cap is over 1 trillion. Why is tesla stock so high.
Why Is Tesla Stock So High. Tesla has hit a new all-time high in Friday trading. Currently at a PE of 300 for instance it means they have A LOT to back up for in the near future and the public obviously has high hopes in them.
Finding Correlations Between Reddit And The Stock Market Using Statistics By Sean Yap Analytics Vidhya Medium Shares of Tesla NASDAQTSLA surged on Thursday rising about 71 as of 230 pm. And in the past 40 years when has an American car company successfully ramped up. FSD robo taxis the battery highway tractorsemi.
I think its because every one here has been so insecure about it and has now missed the train. Its a bet that shareholders are making that Tesla is going to continue being a monster of innovation in the long term. That interview that Elon did where he smoked the joint finally making the impact.
And while the sentiment has turned up I dont think any of the nay sayers are acting like they always knew. Welp I am now up 25 and am now learning to do opposite to whatever anyone. At its current price of roughly 840 per share the stock trades at around 155x consensus 2021 earnings.
Its all about the potential man. Housing prices have been resistant to deflationary forces. By the end of the year that figure had skyrocketed to 65839.
So lets list some of the top reasons why the electric vehicle EV stock has a great year ahead. They made a surprise profit in Q3 and the hype machine is rolling. Published December 02 2021.
TSLA is a very speculative stock with lots of optimism because of the nature of the business. Many analysts expect home price growth to reverse or at least slow over the next year or two as a result of lower housing demand. Teslas capital expenditure-to-sales ratio is also high at 149 which compares favorably to the sector median of just 26.
This is why Tesla bulls are confident in Tesla even after competition finally gets here. Not in he short term not in the long term. Tesla stock casually the highest its ever been and no one talking about it.
The recent surge in price. TSLA was valued at 117 billion by the stock market.
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