Tesla stock

Nakedtoes

Nakedtoes

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NewInvestor said:
Probably red. From the numbers, index funds have almost finished buying. And sellers hv still not finished selling.

Other than index funds, who is going to buy Tesla shares at close to $700 for the long term?

Tesla has run up from $280 to $700 on 2 events. The first is that Tesla split its shares 5 to 1 and drove its shares from $280 to $500. Pulled back to $410 and then S&P inclusion drove it from $410 to $700.

Neither of these 2 events increased the intrinsic value of Tesla nor did it improve its business prospects.

I really like Tesla as a business and would be happy to hold it long term but its price is just too frothy for me.
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The recent 5 billion placement at ard 600 wun support the price?
 
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htngwilliam

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Rubbish la. Nowadays got a lot of punters in Tesla. I wish they merge stocks 1:10 so as to defer punters. Lol
 
Potato_Wedges

Potato_Wedges

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Go to IG and Tiktok...and you will see any Tom, Dick and Harry also say they bought TSLA stock and claimed they hv earned millions. Its all a Hype attracting retail investors...& reached a Cult Status for new millennia. It has been calculated that you need to invest more than $100,000 in 2019 in order to be millionaire for this counter. ANYONE vested this much?
 
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htngwilliam

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Potato_Wedges said:
Go to IG and Tiktok...and you will see any Tom, Dick and Harry also say they bought TSLA stock and claimed they hv earned millions. Its all a Hype attracting retail investors...& reached a Cult Status for new millennia. It has been calculated that you need to invest more than $100,00 in 2019 in order to be millionaire for this counter. ANYONE vested this much?
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Chicken genius
 
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MangoTuna65

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NewInvestor said:
The converse is also true. Once they have finished buying, how many people are willing to continue buying at $600+?
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We shall see how strong the cult following is :s13:
Technically to them 600 is a discount.

I probably just watch at the sidelines. Yesterday i tyco in at 657, out at 695. Heart cannot take so much of this wild swings in 1 week.
 
Potato_Wedges

Potato_Wedges

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MangoTuna65 said:
We shall see how strong the cult following is :s13:
Technically to them 600 is a discount.
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Cult status members do not follow trading logic.
They buy for different reason. As a member of the Tesla family.
Personally hv a few fds from States holding tsla ticker since 2012. Easily can convert to cash and buy houses/cars.
Still not selling. They follow different logic.
I cannot imagine if this cult status vanishes 1 day, really a sledgehammer down a scoffle mentioned by Elon.
 
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minamikaze

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Potato_Wedges said:
Go to IG and Tiktok...and you will see any Tom, Dick and Harry also say they bought TSLA stock and claimed they hv earned millions. Its all a Hype attracting retail investors...& reached a Cult Status for new millennia. It has been calculated that you need to invest more than $100,00 in 2019 in order to be millionaire for this counter. ANYONE vested this much?
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Need to have 1) Deep pockets and 2) Balls of steel to sink $100000 into TSLA when it was already at $1600 pre-split.
 
MrAppleCrumble

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I expect next Monday to be crazy: passive index funds only managed to buy ~70m out of the ~130m TSLA shares required, despite paying an all-time-high $695 price for 70m shares.

They'll still have to accumulate another 50m shares.
 
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htngwilliam

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Potato_Wedges said:
Cult status members do not follow trading logic.
They buy for different reason. As a member of the Tesla family.
Personally hv a few fds from States holding tsla ticker since 2012. Easily can convert to cash and buy houses/cars.
Still not selling. They follow different logic.
I cannot imagine if this cult status vanishes 1 day, really a sledgehammer down a scoffle mentioned by Elon.
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I think it is about long term vs short term. You can sell but if Tesla becomes the world most valuable company, then u just cry at the side. An Australian guy owns my friend some $$. He returned some in Bitcoin currency. My friend damn TL when he does that. He sold 80% of the Bitcoin years back and kept the remaining. Today he bang balls. He should have kept all the Bitcoin. Seriously he cannot appreciate Bitcoin last time. Similar to Apple, Amazon, Facebook, Google.
 
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minamikaze

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MrAppleCrumble said:
I expect next Monday to be crazy: passive index funds only managed to buy ~70m out of the ~130m TSLA shares required, despite paying an all-time-high $695 price for 70m shares.

They'll still have to accumulate another 50m shares.
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What does this likely mean? That the price might skyrocket further? :eek::eek:
 
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