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Tesla Inc TSLA

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty after-sales vehicle services, body shop and parts, paid supercharging, vehicle insurance and retail merchandise. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its lithium-ion battery energy storage products include Powerwall and Megapack.


NDAQ:TSLA - Post by User

Post by Bertandersonon Jun 16, 2022 10:44pm
175 Views
Post# 34763367

Comparison to 2000

Comparison to 2000I lived through the Dot.com period of 2000. Investors believed growth stocks would rebound but they didn't. In fact they continued to buy on the way down...Nortel, Rim, Sierra Wireless....they just continued to drop until they lost 90+ % of their value. In the case of Nortel, it went bankrupt. I know we are not talking about tech exactly with Tesla but in ways we are. This is a high tech car, with parts challenges, production interuption and a P/E 10 to 20 times higher than any other car maker. We're going into a recession (now likely more than ever) in 2023. You can always buy back when things improve which may be at least 1 or 2 years out. Inflation is at an all time high and fixed mortgage rates are already over 5% (twice from just a few months ago) and are likely heading to 7%+ after the last recent annoucement on the Fed's Central Bank rates. For some, that's more than 4 times the 1.5% rates they had in the past. Prepandemic levels for Tesla are around 80. Buying and holding from the 2000 level highs meant waiting 10, 15 or even 20 years to return to similar levels. Do you want to wait or can you even wait that long?
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