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For everyone in this "it's overvalued camp" - I've owned TSLA since a little after the initial IPO when Jim Cramer advised everyone to sell (https://www.youtube
by gogotsla 9y ago
For everyone in this "it's overvalued camp" - I've owned TSLA since a little after the initial IPO when Jim Cramer advised everyone to sell (https://www.youtube.com/watch?v=6nYPhi0LwO0 https://www.youtube.com/watch?v=6nYPhi0LwO0). I have heard analysts and everyone under the run yelling sell over this last 7 year run. It was overvalued at 50. It was overvalued at 100. Oh, so fair value according to GS is now 180?
It's really incredible to me when everyone gets on HN and puts on their equities analyst hats. You guys get it wrong time and time again - and the same applies for REAL equity analysts who actually post analysis that people pay for. Let's not forget AMZN was a junk stock going to 0 in the nineties. In recently memory, CRM, NFLX and FB were all considered stocks that could go to 0 and no one had any business owning.
I'm not even going to offer any analysis of why I'm continuing to hold my TSLA stock in this post - I'll just say that my bull thesis on the company remains true. If anything, Elon has finally kept a promise with Model 3 production. If you want the company's long history of missing promises, go watch Revenge of the Electric Car (https://en.wikipedia.org/wiki/Revenge_of_the_Electric_Car_ https://en.wikipedia.org/wiki/Revenge_of_the_Electric_Car_). Once again, the company blew past every imaginable deadline, was left for dead, and is now the highest-valued automaker in the country.
The solaxun comment that was #1 when I posted this is fundamentally correct - if you want to talk valuation, go trade bonds and please leave your BS end of the world market analysis to Zerohedge.
- nonoamzn 9y agoAlso remember that AMZN went on to lose 90% of its value in the early 2000s. At what point would you consider TSLA to be overvalued? Do you have an idea of where your personal alarms start buzzing? Anyone can say the naysayers are wrong on the climb but the problem with bulls is their optimism and it would be interesting to see your working that justifies a particular price for TSLA.