Are you also investing in Tesla?

[JRP3]

That's a good way to think about it. Of course, tithing is tax deductible.

Stock losses are deductible too, with the added benefit of the potential to actually gain something from the risk.

[JRP3]

This market is really pissing me off. Why isn't Tesla getting any love? The reservations are coming in, and nothing has changed since when Tesla was at 35. I bought about 2000 shares at around 32-33. This is beginning to piss me off. I am long, short of someone giving me a darn good reason not to be, but seriously, this is beginning to annoy me. What is going on? How long do you folks think this will continue?

Is this your first investment?

[Iamthecaliflower]

I have invested before, mostly in strong companies with a trend of yielding 20-40% annually, that have 0 chance of going bankrupt, and are guaranteed to be growing. I would rather not say which ones (Apple, etc... ) . However, this is the first time I've invested in such a high beta stock, especially one where there are so many people betting against it. I really don't know what to expect. It would help me feel better if someone else tells me they agree with my investment thesis.

[JRP3]

OK, I agree. Feel better? I just wouldn't predict a specific time table, too many variables to consider to assume a reversal in six months.

[Mycroft]

I believe that Tesla is a complete game changer. The market wouldn't know a game changer if it wacked them upside the head.

[AnOutsider]

Dangit... Low prices and I have to wait a few days for my funds transfer to clear did manage to get SOME in the $26 range though!

[rolosrevenge]

Now I wish I had put an even bigger tail on that trailing stop. If only I could see the future with respect to the stock market

[Iamthecaliflower]

Why does Teslas stock keep falling? 6 down days. It opens up 1% then falls. It has just broken its 200day moving average. Why does this stock keep falling?

[EVNow]

Why does Teslas stock keep falling? 6 down days. It opens up 1% then falls. It has just broken its 200day moving average. Why does this stock keep falling?

I'd like to know that too - before buying.

[Iamthecaliflower]

Any technicians out there that can shed some light on this? It's RSI is now 29, indicating it is technically oversold. If this doesn't jump tomorrow I don't know how to react. I'm usually a hold and wait it out type of person, which usually works well. In this case I'm a bit worried. I provided some math for what I think Tesla will be worth in 2 years, once it is evident that they will not fail. I see Tesla achieving a $15-20billon market cap, assuming 15k Model S, 15K Model X, and 200k Model 3rd Generation, as well as 25% margins, and a PE of 10. The success of the Model S, in my opinion, will bring TSLA to at least $100 a share. I'd rather not show the math again. Any thoughts on why this is going down recently? It was showing such tremendous strength prior to the downgrade. This weakness in the stock is really frustrating me.