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Originally Posted by antzcrashing
It's this kind of inside the box thinking that have some investors miss the boat on Tesla, apple, and many other stocks. The "it already ran up and its best days are behind it so I will avoid it" kind of thinking. I bought Tesla when it was 400 something dollars and rode it up to 1200 at peak. It has fallen from those graces like many stocks, but it is one of my best performing recent buys. Why did I even bother when Tesla already had a big run and the new challengers (lucid etc) were on the rise and the old challengers were on the rise (ford, bmw)? Because Tesla continues to stay ahead in software and other tech aspects, including self-driving. It also remains imo the most desirable, attractive electric car maker (model S especially). Their margins are impressive for an EV maker. US and world investment/subsidization in EVs and supporting infrastructure is growing. I can't guarantee 2000 a share (especially since I don't know the time horizon that is desired for) but I remain convicted on their stock despite competition.
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Quote:
Originally Posted by antzcrashing
"No matter which way you cut it, competition will increase exponentially, and I believe TSLA's market and competitive advantage will erode in time which will reflect on its market price."
Assumptions and inside the box thinking. Counterpoint: Tesla's competitors may not succeed in any of their product offerings. Their competitive advantage may persist and its stock price may increase. The market for electric cars may expand, and thus Tesla's growth continues. Further they could land self-driving cars or a taxi fleet, or its humanoid robot, which could be windfalls. Or one of the many other things Tesla could do of which we have no idea.
Neither of us knows how this will go, and someone's unique financial situation and financial horizon have to be factored in
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You were saying?
Maybe you should consider balancing out your perspective with some of that "inside the box thinking". I'll concede that most of the stock drop was unforeseeable and unrelated to the company's performance, but demand seems to becoming an issue and in my opinion will continue to be an issue as competition continues to increase. Notwithstanding, this stock was insanely overpriced and should have adjusted down regardless of any headwinds (as it now is).
https://finance.yahoo.com/news/tesla...171844746.html