Uh oh.... No worries, Tesla will drop about 17 bucks at the open and then rally another $78 into the close and touch $1000 in January. No worries. This is only positive news. Tesla reports 499,550 vehicle deliveries for 2020, slightly missing target PUBLISHED SAT, JAN 2 202110:32 AM ESTUPDATED SAT, JAN 2 202112:16 PM EST https://www.cnbc.com/2021/01/02/tesla-tsla-q4-2020-vehicle-delivery-and-production-numbers.html
Of course it’s a tech stock . When it was $70 last march it wasn’t a “tech” stock . The mkt makes us believe many many things . How about if it weren’t for the credits they get quarterly they don’t make a dime. How about even if they were a tech stock they trade at 200 times next yrs earnings . $700 bill cap. Wow . If it crashes to $50 they won’t stay its a tech stock anymore.
Cashing in on the credits is part of the present business model, not some fluke that keeps Tesla afloat. Remember, without government intervention there would be no GM or Ford or Chrysler and that doesn't include oil subsidies over many decades. Yes, there is no rational for Tsla price. But the naysayers wouldn't have bet 2 years ago that Tesla could be in the S&P in 2020 either. Tsla crash? Go for it, short it and tell us all how it feels.
Looks like Apple and Hyundai developing electric car . I’m sure good for another 10% up in TSLA tommorrow. This bubble will be studied 200 yrs from now . I was reading articles from July calling TSLA biggest bubble ever . It’s up 4 times since then .