Where did I say that? What you do have is an inflated vision and $300 2023 closing price of Tesla. Only need it to jump $47 in the next so many hours. Can't post anything related that isn't 1000% Tesla positive in this topic, and no my article was not the same or why should we care about another forum.
Guess we can throw Investopedia in with the rest of the "fake" news everything negative about Tesla media:- 3 Charts For Investors to Watch Friday: Alphabet, Tesla, Altice USA Tesla, Inc. Source: TradingView.com. Tesla’s (TSLA) December stock rally hit the skids on the penultimate trading day of the year after Chinese consumer electronic company Xiaomi Corporation (XIACY)unveiled plans to enter China’s saturated EV market. Xiaomi CEO Lei Jun said during a recent presentation that the company’s car model, the Xiaomi SU7, surpasses Tesla’s popular Model S on acceleration and other key metrics. Xiaomi has spent 10 billion Chinese yuan ($1.4 billion) to develop the SU7 over three years and expects it to roll off the production line in early 2024. No price tag for the vehicle has been finalized.2 According to data from the China Passenger Car Association, Tesla's Sino-made EV sales fell 17.8% in November from the same month a year earlier, highlighting increased competition in China’s EV market.3 Since breaking out from a symmetrical triangle earlier this month, the TSLA share price has failed to gain traction. Moreover, share volumes have decreased over the past two weeks, though this may be more related to slower end-of-year trading activity. Looking ahead, It’s worth keeping an eye on the $240 level—an area on the chart that may find support from the triangle pattern’s top trendline and the 50- and 200-day moving averages. https://www.investopedia.com/3-char...te-yahoo&utm_source=yahoo&utm_medium=referral
Yes, don't pay attention to the first couple sentences that were in my original post and not addressed to you. Rather focus on my explanation as to why the article is misleading at best. TSLA will make its numbers, yet the stock price doesn't reflect its stellar performance. I've blamed Elon Musk for depressing the share price with his X purchase and ongoing libertarian nonsense on the platform. It's unfortunate but a reality to account for. There's been a lot of pressure to keep the price down at around 250, so 300 is out the window as Q4/end of year wraps up. I had 2024 at 400 but revising it to 350 in light of 2023 performance and 2024 being a settling year before the next big push in 2025 with the Mexico giga factory coming online and model 2 in focus.
Right I didn't pay attention to what you said to someone else. I paid attention to what you said to me - that I said you had a negative view on China. Again when did I say that? But ok, you're on the record doubling down that after $300 price target was not hit in 2023 $350 is somehow attainable in 2024. As more and more competition comes on line. Both in terms of performance and more importantly price - knocking down margins lower and lower. Funny news item other day. A CyberTruck was already involved in an accident, though not the driver's fault. Seems a out of control Toyota Corolla/Camry (?) smacked into it, seriously damaging several of those steel body panels. Fitting. Anyway there was once The Big Three, which over timed furcated into The Big Twenty or Thirty, who knows how many now. TSLA is still the EV leader (in a still a small growing segment), but its days of having a crazy sky-high multiple (PE 70) are likely done. I'm seeing a possible overall market reversal/correction in the works in early Jan. Be curious to see how the stock reacts. Wasn't pretty during Aug-Oct drop. $SPX went down approx -11%, TSLA -35%.
Repeat: forget what I wrote not related directly to BYD... Yes, Tesla will continue to dominate, not necessarily its vehicles only but the sum of all its products. Its profit margins will be unbeatable for years to come.