RE:RE:Just a little ribbing today…. It's ok Socrates...... no need for updates . My investment discipline has proven to be very lucrative over the last 30yrs.
Don't forget my Tesla holding has already sang due to my extremely low cost.,As I said before I will most likely hold... not trade for the next 10yrs+.
All of these fat ladies have sang over the last 20 yrs.....Microsoft,Apple,Amazon, Netflix . No charts required. Even though they have all had at least several corrections between 30% - 50% in that time frame. If you would of traded these names you would have lost moucho $$$.
I use technical analysis only to increase or decrease my excess share count in my core holdings . Mostly relying on fundamentals and building out valuation models of the businesses I invest in.
my Valuation models for Tesla in the next 10yrs is between 7- 10 trillion market cap.
That would be 11x to 15x .
Finally .... those 46% EV buyers that won't buy anymore are not Tesla Buyers. Get you facts straight. 2023 best selling car in the world was a Model Y. The new revamp model 3 will also be up there this year. Oh yes wait until the cyber truck ramps up production before the end of year to meet its 1.6 Million confirmed orders. Also 3 more Tesla models coming soon 2025.