Will Tesla's Stock Price Keep Dropping Still?
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- เผยแพร่เมื่อ 17 ส.ค. 2023
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This video is meant for entertainment purposes, not Tesla stock investment advice.
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Flash backs to last year when you said the same thing and TSLA kept dropping to 110😢
Any time Tesla has a big dip is a GREAT BUY.
You are so amazing at explaining clearly! Thanks for great content
LEE!! Thanks for your ongoing efforts and great content!! Well done!! Greetings from Canada!! Giddyup!!
Agree with you on the advertising Lee, and the reluctance or ignorance among lots of the general buying public. The Tesla safety alone should be promoted to the world!
THE BEST DECISION I EVER MADE IN MY LIFE WAS INVESTING IN FINANCIAL MARKET. TRUST ME GUYS,IT PAYS!
Exactly, at the moment bitcoin is the best and profitable coin to buy and invest in.
How does this whole bitcoin thing works, I'm interested in it and willing and ready to invest heavily but I need an assistant to properly guide me through on how to make a good startup and be successful in it without making mistakes.
Sure it pays. But to whom?
Every megacap tech stock was trading at 50-60% above their 200 dma, which was unsustainable. This correction was inevitable.
The upcoming catalyst is amazing.
Yes Yes Yes TSLA buy 📈🚀
You were all *bulled up* at 290. Now below 220 *waiting to see what happens*. You have the mindset of a trader and not an investor. I know this because I'm a professional trader.
i sold 90% of my TsLa port at 277…. started buying back at 240s… the pull back was obvious
lucky to those who sold in 290s
Agreed
I’m going to buy leaps too I sold at $255 ps 15% of portfolio.
Waiting for daily and weekly bottom out on Mac D and potentially hit the 200 day EMA
If I miss it I’m not fussed 2.5 year leaps give you that cushion
I love how you and SMR take quiet shots at each other :)
@0:57. "Solid resistance at $200"? I think you meant solid support at $200....
We are near those very strong support levels. Could go as low as $200ish. I think NVDA earnings next week could make or break lots of tech stocks. Remember, it was their insane guidance that drove tesla and other up so much within the last quarter. AMAT reacted very well after earnings. Its no coincidence that Tesla is at support levels right at this time. Waiting. But any rally could be pulled back by FOMC meeting within a few weeks. Then we could see positive catalysts like cybertrucks and Meta AI event at end of Sept, lift tech back up. We’ll see how strong the market reacts towards each event
Stochastic at 3, RSI at 17. This thing is really oversold.
Tesla will be the "Google of Transportation" with a crazy-large market share and profits!
I bought the last dip/crash @ $105. After thinking about it, it doesn’t make sense to suffer thousands or millions of dollars of losses only to use more capital to buy the dip/crash at the end. Lee, please remind me to take SOME profits before Q3 LoL! Anyway, it looks like Tesla may have bottomed at $211. Hopefully NVDA’s upcoming earnings report is great and serves as a catalyst to reignite tech stocks. If it’s a bad report Tesla will break 200 before CyberTruck, Model refreshes and FSD v12 catalysts pump up the stock; maybe there will be a Giga India and Giga Japan announcement catalyst as well. 😃
I totally said the same thing about NVDA earnings! It will make or break lots of stocks.
There is a big difference between thousands and millions
Nice Video. Many good points. I believe advertising for education makes good sense. I'm often advocating to my friends how much I love my Tesla and it's many attributes. They just don't know. I love The Big Island. I have family there.
That $200 is not gonna come because there are too many things with tesla that are coming very soon that will increase revenues and margins - highland model 3, cybertruck and fsd version 12.
$200 is the number being talked about but many people will be buying in above $200 before nvidias earnings release which will spark a nice little AI rebound.
I agree. At the lowest we 230 and then an instant rebound
BYD may be vertically integrated - somewhat - but they have documented videos of battery fires…. many
Please update your website.
Good you learned not to panic... buy feels like a good price below 200... apple+aramco future evaluation... cheap cars are coming and flood the market
I was on Big Island last week. And this. Kona side.
Been saying that for years, advertising should be very beneficial to Tesla, especially now when the Highlander and cybertruck comes out!
Each cybertruck IS a billboard for Tesla.
They don’t need advertising, as they easily sell each and every car. In contrast with “the competition” (tm)
I paid $2.62 for 190 puts which I just sold for $7.60 and used that to buy tesla at $216, so my actualy cost was $75/ share! When the stock goes up again to $300- buy puts because the shorts will drive it down again.
That is potentially the current cycle we are on, and will work until it doesn't.
Buy before nvidia earnings...if it drops more then double up on buying. But buy a some before nvidia earnings just in case.
It will make or break tech stocks. I think they will guide even higher. So many companies jumped onto AI band wagon after they guided higher last earnings
I still think if Tesla did a great job of educating consumers about EVs they could not meet the demand and it would help others sell more cars, potentially saving a lot of the competition. Sure they would have higher margins but that would be due to supply constraints mean time creating a higher competition future. This is 4d chess, keep demand at production at any cost while increasing production to meet all demand once the consumers really start to switch, be ready for them.
Lee, how low could stock go if Tesla doesn't release CT or highland in Q3, no improvements in DBE ramp and margins drop below 17% on Q3 earnings report? Just curious about your take. Thanks!
How low could $TSLA go if Mongolia bombs Fremont?😁
I am anxious but happy buying it cheap or cheaper 😂
Kaya Tesla AC, kanino ang DC?
Tesla still has good profits and revs but at what rate, how much can you make and grow from just hardware.
I buy when it's £100..but the biggest worry is the Value of the dollar and how they transition into digital currency. What regulations take place
You'll still have your Tesla shares
@@fanban2926just can't cash out..
And need three more jabs to use the digital coinflake to purchase cornflakes.
Buy and hold TEN years! I think that is the SUMMARY OF ALL YOUR VIDEOS, could be, since all else is NOISE and minor comments on short term issues affecting Tesla.
My dog 'Tesla' - such a good boy!
I sold at 245, and bought at 215. Given the level of oversold, and the support levels reached, and the post market buying which drove price over 218, I think next week will see a rebound in TSLA price. However, it is quite possible we have not seen the bottom and rebounds will be followed by retests. Perhaps over and over. One thing though. There is a giant, catastrophic event on the horizon for Tesla, and that is Chinese nationalization of the Shanghai plants. This will probably happen in the next 5 years. When it happens we can expect Tesla stock to plummet by at least 50%. That may even be a good buying point but what I want to say is DO NOT put 100% of your money into Tesla. I suggest no more than 20%. There are other disasters which can befall Tesla, but this is the worst and the most likely in my opinion.
Absolutely no reason to think China will steal the factory
I truly hope you didn’t go all in with options, it is likely to plummet down to the $100 lows.
Why so ?
$100 seems a fantasy.
If all the "bad things" become obvious and driving the market I would guess 180 (or is that just my fantasy)
I think it will be a month or more before the new trucks hit the roads and at first that wont be overwhelming.
I am waiting to see what happens before I reinvest. I got out at 247.
I agree with you that we still have a significant drop ahead, but that will unfold with there being a few gains before another greater step down.
Things are volatile and linked to what happens in the news.
If we are headed into a crash of some sort... a huge crash like 1929, everything will go down with the crash and the solid companies... like Tesla will stay in the game
X is the hangup!
We're past that. It's China worries now.
What about Model S?
I think you've given an excellent analysis of the situation but I disagree with two things:
1) I'm not convinced that the advertising is needed. I have doubts that the general public are as ignorant of the practicalities and advantages of EVs as you say. Rather, I think there are so many consumers out there who make their decision as to which vehicle to buy using their glands rather than their brains (and especially those swayed by advertising) that showing them the benefits of driving an EV just won't make that much of an impression. In support of this argument, I offer this fact: The best-selling vehicle in America is a pickup truck. And I just don't believe that many of the people buying them are farmers or construction workers.
2) In a similar vein, I think your Jeep/Tesla comparison is off-base. Of course, to any rational person, there is no comparison. The Tesla is a much better buy. But again, the people buying Jeeps are not rational. These vehicles have terrible service records and their greatest attributes--the ability to be driven off-road--are almost never taken advantage of. The last time I sat in one, I saw what might be the cheapest-looking, most plasticky interior of any car I've ever been in--and I've rented plenty of economy cars. Again, this car is being purchased because it projects a certain image: They are free spirits, driving to the summits of mountains and fording shallow streams. And they're willing to pay a premium for that fantasy.
The only way to combat this phenomenon--what I would call glandular car buying--is to get people into a Tesla (or any good EV) for a test drive and experience it themselves in a visceral way--particularly the acceleration. And that's really the approach that Tesla is already taking.
The only thing that I have to slightly disagree with you on, regarding new vehicles - they need a van. I believe the cyber truck will do well, but a van would be desired by so many people! Every mom will want one, service companies ( plumbers etc) RV enthusiast it would be so much less complicated than the cyber truck to engineer and produce , and not nearly so far outside the box. A van would require less batteries than a truck, vans are not typically used for towing, therefore fewer batteries would be required. The van was the right choice to be the next vehicle not the truck.
No need to disagree with me, as I also think they need a van, and its likely the next vehicle after the compact.
I had to buy a diesel van as cyber not available. There's an EV LDV van but costs an extra 30k I didn't have.
@@nzzenith And I got a Tundra to pull a trailer - but would get a Tesla van instead if it was available. I have the cyber truck on order, but who knows when my number will come up .
I completely agree with you, Thomas, but I think that lately, people have forgotten about the origins of the Cybertruck. The Cybertruck began in Elon's mind as a kind of pet project. I believe he stated publicly, around the time that it was announced, that he didn't really care if it was popular. It was the vehicle he wanted to realize and to drive himself. It was like his personal reward for his theretofore completely practical and successful approach to getting Tesla up and running as a company. Hence, the radical--some would say wacky--design.
That it turned out to be wildly popular (if the reservations are any indication) was kind of a bonus!
@@eyesuckle Could be, but the greater good would be the van…. Ive been wrong before and we will never know for sure (regardless of how well the truck sells. As I said, the van would need fewer batteries, get into mass production sooner and be less polarizing in the long run. The van is better for the business, and the environment. Since I am a stock holder (and assuming you are correct about Musk’s reasons) an ego trip is not a good justification. The best justification would be that he planned to buy Mercedes-Benz and use their sprinter platform for Tesla vans. That would be a rational explanation for me.
It's a blood bath at the moment
„Some are losing over 6 figures per vehicle“. It’s that kind of brain dead statement that makes people think Tesla should be valued 10x higher than most legacy brands, while continually losing market share and profit margins.
Umm, the term "brain dead" is dysconsiderate. We prefer neuroactively challenged.🧠
@@FrunkensteinVonZipperneckor "They" might be turning into zombies, which is also a permitted term for Them 😅
Under 200 I will buy everyday.
Kala Nyo magaling na kayo ah..
Maybe another reason for the drop in Tesla shareprice is the movement of money to AI related companies.
That is an oxymoron. Tesla is also AI.
@@louievasquez2381 True, but Wall Street is not aware of it. Silly but True.
Da kataga na Tesla no an babal
Going to 150
I believe it's going to 150 too. This time I will DCA and stay away from margins
Could be. I'm waiting until after Q3 earnings before diving back in.
CYBER TRUCK UPDATE-SORRY to be the carrier of news, but we though End of September, but it looks like Q4, about 88 days from today, according to NHTSA data I've seen.
Tesla should market (if anyone at Tesla knows marketing) ; ( as Recession-Proof vehicles, sell them and offer 3% financing and 10-12 years terms=LOWEST COST/MONTH VEHICLE you can find, new!!! LOWEST MONTHLY PAYMENTs for sure!!
the market as a whole is over bought. You aint seen nothing yet as far as sell offs go..
The economics of EVs are only getting better all the time. The economics of ICE are not really changing but can only get worse over time.
Man this stock has been just a terrible investment. I'm constantly deep in the reds. Its annoying.
Omg stop trading. Ignore and come back in a few years
@@mrbushpilot Where did I say I was trading? I'm simply annoyed by a (until now) bad investment.
Be a Loooong term TSLA investor! You win!
TSLA 2900$ in year 2030. Warren Redlich
What is going on... hm maybe Elon should not tell investors on an earnings call that he thinks Tesla is worthless without FSD. He constantly does things like that, which offer no added value of information, while kicking us retailers in the face.
Are cryptocurrency and business incompatible? I think youre not keeping up with the news. While you thought it was impossible, some enthusiasts from Cannafarm Ltd integrated cryptocurrency into the production of medical cannabis. What do you say now?
Still incredibly expensive and it is just a car co.
Definitely not just a car company, even if it was, it would be just an electric car company, which is still more than just an ICE company.
@@TeslaEconomist you have drank way too much lithium juice 🧃
Wait, do you think cryptocurrency will crash? I dont think so. More and more companies are integrating cryptocurrency into their operations: Amazon, Cannafarm Ltd, Burger King, even Starbucks, dude!
Is every commenter with a 4-digit suffix on their handle a bot? What The Frunk?
😢😢
It's not Tesla. The market is down.
What's up bag holders 😂
Elon Musk hates Democrats, yet we buy his cars. No longer. There are other EV choices, and I've sold my stock. Closed my Twitter account as well.
FACT: TESLA MODEL Y IS THE BEST SELLING CAR IN THE WORLD.
🏁Buy the dip! Be a loooooooooong term TSLA investor! TSLA 2900$ in year 2030. Warren Redlich 🏁
all these arguments about Tesla being an amazing company are not relevant. I know that is hard for the Elon worshipers out there but if I may, I'll explain how the valuation of any company works. Built into the share price is an expectation of growth (or not). So for Telsa, at PE of 51, built into that is the expectation that the company will be able to continue to grow rapidly for many years. A reasonable estimate is to equate the PE figure with 90% of the annual growth rate. So if the company is growing EPS at 25% per year, you'd expect to see a PE ratio around 28. Do the same with Tesla and you're looking for them to be able to keep their eps growing at around 45% for at least the next 5 years on current valuation.
So here's the problem. They are no longer growing !!!!!!
Yes, you read that right.................THEY ARE NO LONGER GROWING.
Yes, they are expanding revenues but any idiot can grow revenues if you cut the price. The question is, what affect does that have on margins and in the case of Tesla, it's pretty bad. Operating profit in the 2024 is going to be flat. It will not have increased compared with 2023.
Let that sink in a minute.
A company with a share price so insanely divorced from reality, requires eps to continue to grow at 45% a year, such that it will take at least 50% of the total global automotive market (their market cap is still almost as big as the next 7 car companies combined............which is laughably ridiculous).
The competition from the new EV kids of the block (Nio, BYD, Li, Xpeng) plus the likes of VW, Hyundai and the various other ones when they get their act together in 2024 means that 2022 was probably peak Tesla.
The competition is now so ferocious Tesla has no choice but to cut prices.
I am genuinely baffled why people are struggling to understand this. To say...........'they are ramping up production/building new factories' and using that as proof of the company's long term growth prospect is irrelevant. It's not how many cars you can build, it's how many you can sell. If they were really shifting all their cars in a hurry, ask yourself 1 simple question: Why are they having to cut prices?
The days of Tesla having the market to themselves are over and the super profits they have earned are in the past. They are a car company and they will earn car company margins once the simple laws of competition squeeze them down (as is happening now).
Tesla as a growth stock (eps > 30% a year) is over thus they should (and are) be rerated accordingly. I would suggest a PE of around 23 is probably fair which would mean a price target in the next 12 months around $80-$90.
What this guy (and so many others) doesn't seem to understand which stops them being able to understand how to value a company correctly is that there is a massive difference between a great company (which Tesla is) and a great investment (which Tesla is not). Simply stating they are way ahead of the competition/great cars blah blah blah.............DOES NOT MAKE IT A GREAT INVESTMENT !!!! It depends on what expectation relative to actual growth prospects are baked into the price.
It is still insanely overvalued and anyone long............this is your last chance to get out. The Tesla rebound at the start of the year is over. Expect it to be close to or below $100 within 12 months.
oh and before someone says........'yes but you're overlooking the value from autonomous driving'...........yes I am. Tesla are years away from making this happen and deep down, you all know that's true.
I appreciate the comment, and feedback, but when you start talking about the competition, your credibility dwindles unfortunately.
Your entitled to your opinion. So put your money into your thesis and buy puts.
hate to say I was right but..............er.............I kind of was. Get out now. Share price will be 40-50% below this point in 15 months time. All the price cuts in the world aren't working. Wake up. No shame in admitting you got duped on this one.
@@TeslaEconomist
All these videos/channels on $TSLA are absurd 😵💫
Why
Profit margins crashing so the stock price is also crashing.
EVs are the future. The Cybertruck is not.
FSD may not be allowed on most roads. Would you allow a car with no driver in your neighbourhood with your kids out playing. In fact TSLA is being sued for not delivering and misrepresenting their product. They may have to refund billions. If they release it without government approval and it kills or injured, they may get the pant sued off them! It could kill the company. They should leave it at ‘driver assist’ like the other companies.
FSD is still evolving.
Decades ago I had a friend whose child was hit at the mailbox because it was evening and snowing, the neighbour didn't see the child.
FSD will actually be MORE observant and be looking with surround vision.
It isn't perfected... yet... which is why someone must still be in the drivers seat with hands on the wheel.
Tesla's preceding 12 months earnings will start to fall starting from Q3 & Q4 2023. In Q4 2023, start of CyberTruck sales and/or FSD progress may cushion the negative impact of the lower preceding 12 months earnings ending Q4 2023.
Just look at the preceding 12 months earnings from Q3 2022 to Q2 2023 and you will understand why: US$3,292 millions + US$3,687 millions + US$2,513 millions + US$2,703 millions.
Elon Musk also shared that 2023 Q3 vehicle production and delivery will be lower because of numerous factory upgrade activities being expected.
CHINA IS COLLAPSING, THEN JAPAN.....=DEPRESION GLOBALLY - PERIOD. NO DOUBT.
This tune sounds familiar. Seeing the price today I dove into the couch cushions and managed to get a few shares. Catalysts abound for this stock, but market sentiment is fickle... and the FED with growing concern around the Chinese economy may not make for a Merry Christmas. Either way, it's buy and HOLD as well as wait and see. Thanks TE.
If it gets down to the low $100s like last year, will investors start to freak out and sell again, and call for board changes like last time?
Planning to start DCAing in some leaps over next 3 weeks until ct announcement
Why do you speak of Tesla only as an automotive company? What about the millions/billions of dollars of Megapacks they are selling? What about home solar? What about supercharging? What about clean air credit income? What about nasc income? What about bots? The one thing that has me worried until it is sorted is the safety tests on the cybertruck. With the front seat passengers positioned so close to the front, I worry about the crash test results. I also worry a bit about Elon Musk's health. It makes no sense to me that TSLA is dropping. But then the stock market reacts with its emotions rather than its brain, like a hysterical psychopath.
I love the grounded reality of this channel!!,Despite the recession, I no longer depend on Government Grants since I acquire $26,400 every 21days.
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I have been arranging funds to invest definitely I will kick off anytime soon, tnx alot
I'm DCA'ing in again, even after my thinking this past year that I was "done, and holding". I found a wad of cash in the couch cushions! 😁
Yes!
I added to my long position today.
You have a stop loss if it fails to rally?
Its going to 100$ macro
😂😂😂😂Not
You are capricious
Elon has put TSLA in a really bad position.
His plants are pumping out way too many cars - way too many
So he has to hold firesales to unload his cars
that's a terrible decision on Elon's part
close the plants for 3 months. Elon let demand catch up to supply
So is TSLA a great buy when Elon holds firesales?
I think the market has spoken.
There are dozens of other bad decisions Elon has made that make revisiting $100/share a real probability.
More cars means accelerating transition to sustainable energy. They have highest margins in the game, while they put pressure on other companies.
@@tsciproperties7619 who cares about sustainable energy when we have 250+ years of carbon energy under our feet?
@@noleftturnsthat’s the worst advice I’ve ever heard about Tesla. Ever.
@@noleftturns people who wanna transition while theres still time. Their kids, and their kids kids.
@@xploration1437 Well when you hold firesales that means your product has lots of problems.