The predominant issue here is speculation. There is nothing fundamental driving what is happening with TSLA right now. I wouldn’t get involved with this unless you are a trader and know what the hell you are doing.
Tesla stock is ridiculous. Dot com is back baby but it’s we’re gonna save the planet using lithium batteries (that are mined and shipped with massive Diesel engines) but still as long as it means we can virtue signal.
— hks55 (@hks55) February 3, 2020
$TSLA now trading 80% above the 50 day, 36% above 10 day. The daily and weekly RSI both are over 90. The monthly RSI is over 80. It won’t be the shorts who knock this down with a short interest ratio at 1.4 days to cover. It will be the longs who kill the stock.
— Thomas Thornton (@TommyThornton) February 3, 2020
Whenever the economy turns down Tesla will go out of business. There is nothing viable, economic or practical about their business. Elon sells a status symbol to people who derive their wealth from a government inflated stock market
— hks55 (@hks55) February 3, 2020
Tesla Market Cap: $141 billion
Big 3 (GM/Ford/Chrysler) combined Market Cap: $110 billion
Revenue over past year…
Tesla: $25 billion
Big 3 combined: $425 billion pic.twitter.com/q0ez1CAZnV
— Charlie Bilello (@charliebilello) February 3, 2020
Days from $300 to $400: 976
Days from $400 to $500: 25
Days from $500 to $600: 18
Days from $600 to $700: 4
— Martin Baccardax (@mdbaccardax) February 3, 2020
LOL. Tesla went up $130/sh today. Seems legit.
— GreekFire23 (@GreekFire23) February 3, 2020
Looks like Tesla may have set a new record for daily dollar volume traded in a single stock
(passing Amazon, which passed Facebook, which passed Apple) pic.twitter.com/WjjqTY049L
— Luke Kawa (@LJKawa) February 3, 2020
The Fed: 'We see no bubbles"
3rd time in 20 yrs
— M/I_Investments (@MI_Investments) February 3, 2020
Tesla’s market cap is now 140 billion and only 38 billion shy of surpassing Boeing’s market cap. Tesla is already valued higher than Lockheed Martin by 20 billion.
Robinhood is telling me Tesla’s market cap is still 110 billion but according to google’s data and yahoo at (finance.yahoo.com/quote/TSLA/) Tesla has a market cap of ~140 billion dollars.
This is like a week or two away from surpassing Boeing’s market of ~177 billion dollars. How can a car company that is delivering what less than a million cars in 2020 have a market cap that surpasses some of the most established airspace and military companies. I understand electric cars are the future and I’m happily making bank on owning Tesla stock but how can the valuation keep growing when there are still expectations to be met.
Is this unironically a bubble moment? I’m not saying Tesla’s stock doesn’t deserve to be north of 200 dollars but when the stock already surpasses some of the most established companies such as but not limited to : Costco, Lockheed Martin, Ampgen, and soon to be Boeing way before the company can deliver even 1 million cars in a year what is going to happen when we get to 1 million deliveries? Is this going to be a 500 billion dollar company? What happens if they deliver only 2 million cars in a year will this be a trillion dollar company at the current rate of valuation?
January in a nutshell… congrats TSLA bulls
|TLT (long-term treasuries)||+8%|
|QQQ (Nasdaq 100)||+3%|
|SPY (S&P 500)||-0.04%|
|IWM (Small Caps)||-3%|