Quote:
Originally Posted by Chrome383Z
Folks that bought early did well. I’d probably sell though, as GM, Ford, et Al start producing electric cars Tesla will definitely lose market share. I think it’s overvalued now.
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I missed the opportunity to buy in earlier, but I put it on my watchlist. When COVID hit, it dropped from over $800 to around $470. TSLA and several other stocks I had been watching took deep drops then. I bought heavily into seven stocks. The reasons for their deep drops had nothing to do with how the companies performed or the value of their products. Logic said when things “normalized” they would bounce back. Of those seven, the lowest gains I’m seeing is one at 55% gain. TSLA is up 1,036%.
My plan was to hold on until Cybertruck launches. Figured that would be when it peaks. Now that Cybertruck has been delayed to the point where Rivian, GM, Ford, and a few others will have BEV trucks in market before Cybertruck, I may have to focus on where it lands when the Hummer EV is available for sale.
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