Tesla- Don't You Dare Buy Calls
Posted: Apr 23, 2024
- Reasons not to go long on stock include CEO taking Ketamine, pay-package related dilution expected, negative sales growth, price wars in industry, delays in robo-taxis, layoffs and talent attrition, alienation of prime base, CEO's comments on stock being over-priced, aging model line, and market realizing it's a car company not tech company - Valuation based on growth is a pipe-dream - Cash balance not great, existing credit rating may worsen - Rivals catching up with similar products - One reason to consider buying: regard - Price target: $100 by September - Successful trade made on Robo Taxi announcement - Forums on Reddit have cult status - Warning against blindly following investing strategies without doing research.
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