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EV's are NOT America's future!
- Thread starter H2O MAN
- Start date
What are you on about, it's down a whopping 5.95% in the last year and their stock prices are honestly an anomaly, and don't really usually coincide with company performance. I've seen it move more when Musk sends out a silly tweet versus when they smash earnings or have some major announcement.
He is looking for a reason to interject a common theme, most likely, which is often irrelevant to the topic.
$299 on 7/19/23....$171 today....whatever
Find me a stock that isn’t overpriced. That would be impressive. Corrections to a stock price are oftentimes irrelevant to the popularity of a company’s products. Here’s an explanation: institutional investors wanted to take profits and reduce their holdings in a EV company after identifying something they liked better. They sold to buy something else, resulting in a lowered share price. That is a plausible explanation.
O.K...
I asked, and that is an answer.....one of the reasons I asked, is because when it hit the low of $103 in January last year....I was talking it my cocktail buddy, after hearing the folks on Fox business talking about it, saying it was "the buy of the century".... I told him, "damn man, we should buy some of that"!!!....well, WE did not, of course, and there ya go....as usual....anyway I kind of watch it now, and it is going down, again....It's fairly typical, that if there's a positive outlook on a company, the stock price tends to rise, which is not the case, OR the outlook is not as positive as some here may think...
I asked, and that is an answer.....one of the reasons I asked, is because when it hit the low of $103 in January last year....I was talking it my cocktail buddy, after hearing the folks on Fox business talking about it, saying it was "the buy of the century".... I told him, "damn man, we should buy some of that"!!!....well, WE did not, of course, and there ya go....as usual....anyway I kind of watch it now, and it is going down, again....It's fairly typical, that if there's a positive outlook on a company, the stock price tends to rise, which is not the case, OR the outlook is not as positive as some here may think...
Financial Genius? Not. But a good try.
Stock price is irrelevant to this discussion but it is interesting to note:
What was Ford, GM and TSLA stock prices at 3 key points in the near history
Trump took office, Biden took office, Today
1/20/2017, 1/20/2021 and 3/20/24
GM : $37.01 to $49.47 to $42.21
F : $12.63 to $9.83 to $12.62
TSLA: $16.32 to $275.39 to $173.13
Did tesla take a hit in the last 4 years? yes. Is it because of biden? no.
But i sure like how TSLA trended in the past 8 years.
The unit produced under TSLA tells the story that TSLA isnt your typical EV market
Without hijacking the OP thread...maybe you could start another thread under Finance/Investment and people can chime in.
I recommend you look into Autozone (AZO), Chipotle (CMG) and Celsius drink (CEHL).
I am the worst stock picker in the world. I bought Chipotle at $50 per share. I sold it after a decent return because I couldn’t understand why it was going up. Humbling experience because I picked a winner and was too chicken **** to stay with it.
Maybe you should, I'm certainly not as smart...
Show me an ODT thread that stays on track, and I'll show you a thread that is only 4 responses long.....
