OK. Follow your conviction. Personally, I doubt it will crash that badly. It will just go down slowly. Sooner or later, BYD (or other Chinese EV makers) will flood the US market. There are probably > 50 EV car makers in China. Nowadays, making EV cars is a no-brainer. It is not a niche/specialized market.
And that's my point here. At its high, if there had been no splits, it was approximately $6000/share. Now its about $2600 and still way overpriced for a car company, so yes in that sense it should see at least another halving, ---> $87.50 easy. But this stock is not going to do that. Why? Because it's not a stock, it's a number derived by the deepest of pockets battling it out with some of the most powerful computers in the world. You've seen DJT right? It too is worthless, and that one probably will go to $5... but compared to TSLA, the algo's running that game are primitive compared to the ones running the tsla game. They're feeding off of retail idiots. But TSLA... each week 100's of billions of dollars get traded in TSLA options. Options that expire weekly. There is no way in the world one side will win the battle with an overwhelming victory. And it's not just two armies battling it out, it's several. Retail players are amoebas in this tank. And that's why, it won't come crashing down. It has nothing to do with fundamentals. News events are merely mechanisms to adjust the game board. The chess-master however... is Elon... and you can bet, in the end, he will always win. Again, not a quote unquote fan-boy... but certainly a fan. Never sell that man short. He's a traveler. ~vz
Hahahah. I was looking for this thread earlier as my low has come into range... what was it... $142.75(?)... hold on. EDIT: Ok, got it 141.75. If it breaks that, next stop... $5
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