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Have to do it, so here goes. Going to ruffle a lot of feathers but I think the top in Tesla is very close and we are going to see massive downside action in TSLA over the next 12 months. Think we can see +/- $550 on TSLA in the very short-term and then an epic downside move over the course of the next year. I think we will see a downside target of $150-$200 by December 2021.
I will go one step further and say by December 2021 we will see similar parallels surface between Tesla and Enron.
Have to do it, so here goes. Going to ruffle a lot of feathers but I think the top in Tesla is very close and we are going to see massive downside action in TSLA over the next 12 months. Think we can see +/- $550 on TSLA in the very short-term and then an epic downside move over the course of the next year. I think we will see a downside target of $150-$200 by December 2021.
I will go one step further and say by December 2021 we will see similar parallels surface between Tesla and Enron.
You will likely see $6-8 earnings per share next year.
With 50% YoY growth, unlikely to see below a 100 P/E multiple anytime soon. You do the math.
If course there could definitely be a big correction post inclusion, but not that low.
As for fraud claims, it would be useful if you could provide proof.
This is the response I would expect with TSLA. As for the Enron parallel, you said fraud not me. I just think there will be a lot of similarities between the two when this story fully plays out.
And you are saying this based on...? There's really no substantive reasons in your post. Is this just a gut feeling or are you basing it on trends, evidence, etc.? I am curious to hear, however, but just throwing out blanket predictions does require a bit of explanation!
And you are saying this based on...? There's really no substantive reasons in your post. Is this just a gut feeling or are you basing it on trends, evidence, etc.? I am curious to hear, however, but just throwing out blanket predictions does require a bit of explanation!
Lots of experience with boom/bust cycles and have seen lots of bubbles in the past. All the classic signs here. Visionary leader who is the smartest guy in the room, aggressive fandom against any shorts, etc. TSLA is going to break a lot of hearts. S&P inclusion reminds me a lot of the Yahoo story in '99 as well.
This is the response I would expect with TSLA. As for the Enron parallel, you said fraud not me. I just think there will be a lot of similarities between the two when this story fully plays out.
The response you expected, you mean providing numbers?
Have to do it, so here goes. Going to ruffle a lot of feathers but I think the top in Tesla is very close and we are going to see massive downside action in TSLA over the next 12 months. Think we can see +/- $550 on TSLA in the very short-term and then an epic downside move over the course of the next year. I think we will see a downside target of $150-$200 by December 2021.
I will go one step further and say by December 2021 we will see similar parallels surface between Tesla and Enron.
BLASPHEMY! GET THIS GUY OUT OF HERE RIGHT MEOW!
lol, jk... I honestly have no idea where it will be in December 2021 nor pretend to... However, I do think TSLA has a much higher probability of upside short-term until all the funds who want or need to add TSLA have done so.
Now on a personal level, I think Tesla will be around forever or at least my lifetime. Their technology, cars, purchase structure, service structure are excellent in my opinion and will likely get better as they are still a new company when it comes to selling high volume. I've noticed huge improvements myself since I own one. I think the trend of states and countries mandating new car sales be electric will happen more and more over my lifetime.
One thing to note on valuations. Current P/E mean nothing. Growth is what matters. A company growing exponentially can have a P/E in the clouds, still go up a huge amount and become a rather fairly valued company because eventually that growth can turn into good earnings, margins, etc. Likewise, a company like GE had the best valuation and then it drops 80% (just using it as an example) and then the P/E goes through the roof... but why, it just dropped 80%, why now is the P/E so high. That happens time and time again.
But yeah, I will interested to see where it is December 2021. I think the biggest factor will be how our economy is doing.
Have to do it, so here goes. Going to ruffle a lot of feathers but I think the top in Tesla is very close and we are going to see massive downside action in TSLA over the next 12 months. Think we can see +/- $550 on TSLA in the very short-term and then an epic downside move over the course of the next year. I think we will see a downside target of $150-$200 by December 2021.
I will go one step further and say by December 2021 we will see similar parallels surface between Tesla and Enron.
Quote:
Originally Posted by ZeApelido
Hahaha!
You will likely see $6-8 earnings per share next year.
With 50% YoY growth, unlikely to see below a 100 P/E multiple anytime soon. You do the math.
If course there could definitely be a big correction post inclusion, but not that low.
As for fraud claims, it would be useful if you could provide proof.
Had a great belly laugh. Can't wait to see this unfold. I'll pay for the popcorn.
By the way, the $35k Tesla is no more. As expected. And Tesla S limping along with no major redesign expected after 10 years.
Last edited by Vic Romano; 11-18-2020 at 10:32 PM..
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