I tried playing the upswings and downswings in the stock to my advantage and found I was sitting on the sidelines as it'd rise 10 or 20% over a month or two. I'm technically down a fair bit right now as my last buy in was 349 but I figure just hold for the long term. By the time I get my car the stock has to be in good shape.
Yeah, given how volatile the stock is and how dependent it still is on capital markets my own personal opinion is that a TSLA investor should be either:
1. Using "extra" money you can afford to lose
2. Investing for a rather long horizon (3+ years, money not needed until then, no matter what)
I'm in the first camp. The deal I had with my wife was that I could play with a slug of money in order to pay for the Model 3 I've reserved. So once it hit the necessary level, I sold it all. I'm just lucky it worked out that way.
After the recent pullback below $300 I bought back in, but only a fraction of what I owned before. I enjoy going to shareholder meetings, and I believe in the stock long term, but there's a lot of uncertainty right now that I'm not comfortable with given how private the company can be as it works through issues. I have complete sympathy—I think it's poor management practice to focus on shareholders instead of customers and employees—but that makes the stock a little tough to gamble on in the short term. And our long term money is managed by others.
Tesla is maybe only surpassed by SpaceX as the most fascinating tech company right now. The cars are awesome and unconventionally brilliant, and the SpaceX booster landings are essentially engineering porn. But you can love the products and not the stock in the short term. Don't confuse the two, as betting wrong can make you quite sad in the short term.
Yeah, given how volatile the stock is and how dependent it still is on capital markets my own personal opinion is that a TSLA investor should be either:
1. Using "extra" money you can afford to lose
2. Investing for a rather long horizon (3+ years, money not needed until then, no matter what)
I'm in the first camp. The deal I had with my wife was that I could play with a slug of money in order to pay for the Model 3 I've reserved. So once it hit the necessary level, I sold it all. I'm just lucky it worked out that way.
After the recent pullback below $300 I bought back in, but only a fraction of what I owned before. I enjoy going to shareholder meetings, and I believe in the stock long term, but there's a lot of uncertainty right now that I'm not comfortable with given how private the company can be as it works through issues. I have complete sympathy-I think it's poor management practice to focus on shareholders instead of customers and employees-but that makes the stock a little tough to gamble on in the short term. And our long term money is managed by others.
Tesla is maybe only surpassed by SpaceX as the most fascinating tech company right now. The cars are awesome and unconventionally brilliant, and the SpaceX booster landings are essentially engineering porn. But you can love the products and not the stock in the short term. Don't confuse the two, as betting wrong can make you quite sad in the short term.
And i love all the people here who advocate investing in TSLA to pay for your Tesla. There are other companies which might bring better results.
I have a small position with Tesla having foreseen these production issues. I looked like a fool selling at $330 for a couple weeks but have bought a portion back now at $295
And i love all the people here who advocate investing in TSLA to pay for your Tesla. There are other companies which might bring better results.
I have a small position with Tesla having foreseen these production issues. I looked like a fool selling at $330 for a couple weeks but have bought a portion back now at $295
Yeah, it's two separate things. But it's more enjoyable to invest in an area you enjoy reading about and staying up to date on. With the caveat that you'll probably be less objective than you should be.
I think a lot of people buy into the macro value of Tesla (cars have gotten boring and have crappy tech and turn customers into service revenue streams and it's time for a high-tech revolution in cars). There's also the ecological angle, but that's a secondary angle for most folks.
21 - 25 of 25 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
A forum community dedicated to Tesla owners and enthusiasts. Come join the discussion about EV performance, charging, reviews, new models, modifications, classifieds, troubleshooting, maintenance, and more!