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Jep, Its an ETF not a fund, so Cathy cant stop anyone selling and cant lock anyone in. It can still be a disaster yes, but she cant stop anyone selling. She could close the fund to new money, but she wouldnt do that, shes earning too much money regardless of how it performs.
Lol. You appear to be the expert in self hype and factual misrepresentation around here, so I guess the sheep is you. Atb :) .... ps good to see ark’s $3000 fantasy target isn’t having the desired effect pre market.
Hahaha keep your knickers on Wigwamer. You are starting to think you are Elon out here. Little sheep
You didn’t say future pricing, and anyone with half a brain cell can see it it. Your quote in full “Okay fine, it's a software company valued at more than Microsoft with no real market presence to match apple, Microsoft or other top software companies....” You now additionally claim you rode Tesla to $880 and sold. Nothing like some hyped unproven bwollox to add to your factually incorrect post!
Wigwamer - I said future pricing. Re-read my comment. According to Cathie woods, Tesla will be valued at $3.6 trillion. Tesla will hit a $3T market cap at $3,126/share by 2025. Which is 4 years away. https://www.google.com/amp/s/www.barrons.com/amp/articles/cathie-woods-new-tesla-price-target-is-out-and-its-a-doozy-51616251037
If that isn't madness then I simply missed the point altogether. So we are just going to keep disregarding competition and changes in the economy and many other variables between now and 2025 and assume Tesla will somehow takeover the world altogether? Come on! Get real. Even wigwamer has began to smell the cornflakes and is starting to join the winning side. It's not too late to ride the wave. Even I rode Tesla on the way up and got lucky enough to jump off at $880 because I knew the ride was done. You can't expect a stock to go up permanently, that is just not real.
Tbh bb, I own 3STS. Tesla is an interesting company with several potential areas of growth, but I believe it is probably substantially overvalued. But chiefchuma’s post is simply factually inaccurate and demonstrates the same negligence to fact that he is ranting against.. “Okay fine, it's a software company valued at more than Microsoft...” no it’s not.
Wonderful breaking news - Ark Invest's price target for Tesla in 2025 is £3000 per share
https://ark-invest.com/articles/analyst-research/tesla-price-target-2/
Wigwammer - we all know that short sellers will never let truth or anything else stand in the way of a FUD story
Wigwammer- Microsoft was not priced at the same level as Tesla is during their initial growth stage plus the future pricing of Tesla still outweighs the Microsoft pricing for a growth company that is priced based on future earnings. Either way, Cathie Woods and the cult are delusional when they say Tesla is a trillion dollar software company with incidental car sales. Come on fella! wake up and smell the cornflakes. Elon is a fraud an the other fraudsters will fall with him.
Most of the drop happened after the UK market closed and by opening time I guess the tsla share price had rebounded a bit. Currently 2 percent up. So 'net' drop from closing time yesterday of about 10 dollars. Not exact as I really cba to look exactly but I accurate enough that I'm not puzzled anymore. Yes I thought the same thing this morning.......
So yesterday I saw the news about rising inflationary pressures and tech stocks showing a slight dip in pre-trading and correctly called that Tesla would drop. I was feeling pretty chuffed with myself as Tesla fell 7%, and was expecting this to go up about 20% but it didn't bloody move. I've been watching this for a bit and finally had the courage to buy in (the leverage is a bit scary), and the bloody price didn't move. Is anyone able to explain why?!
Tesla is not valued more highly than Microsoft. It’s valued at about a third of it. Not much good preaching about untrustworthiness if your own posts contain out and out fibs!!
That is why the valuation is so high with very little real substance to back it up. Just market hype and lies from people so heavily invested in it. Cathy woods, Chamath and Elon cannot be trusted to give an objective view of a company they hold shares in. Elon says we will settle on Mars in a decade. The real scientific community says that is just pure delusion. It's far easier to correct the problems on earth than terraform Mars and settle there. The delusional ideas are just pure fantasy. Then they say Tesla is a software company not just a car company, cars are incidental to their other operations. Okay fine, it's a software company valued at more than Microsoft with no real market presence to match apple, Microsoft or other top software companies. It's a car company? Okay so where are the sales to outshine the competition in all areas? It's an energy company you say? Okay where else in the world is Tesla providing solar roof panels or energy solutions better than leading energy companies? This is just fraud, fantasy and pure fiction from children with little knowledge on stock market fraud. I'm pretty sure Elon was held to account just a couple of years back by the SEC for stock market fraud and fined for this. The bubble will burst and take life savings of the gullible with it. This is an epic level bubble. Oh and for those saying it also offers financial services and holds crypto assets such as bitcoin......you have much to learn. Bitcoin can never be accepted as a reserve currency because it's origins still remain unspecified and the criminal support element is what makes it so untrustworthy. Let the Cheerleaders invest and follow their cult but we the learnered will remain realistic. The bubble will burst.
Tesla is developing a car that runs on short sellers' tears - an abundant fuel for many years to come! :-)
Don't worry guys , this is just the bull trap stage where the bag holders seal their fate by buying in more. The stimulus checks are just extra fuel that will run out once the retail investors inject it into tesla and meme stocks. The current rise is just another false dawn partially engineered by Cathy woods, Chamath and other cronies in the game plus market conditions are outrageously out of touch with reality. We have a market rally breaking historic records whilst business is shutting down and facing dark economic prospects. We shall prepare and our time will come. Minor hiccup is all this is. Lets see what April holds because i see great times ahead for 3sts.
I saw that too. I think they may be taking into account after hours trading performance and premarket trades against closing percentages from previous day and then working out a round percentage. Either way, the pricing mechanism in place is unfavorable during price rises but excellent at compounding positively when the downturn comes.
True, and I probably wouldn't be surprised if it happened. I have faith in it being grossly overpriced, regardless of what it may or may not end up achieving. Such is life.
If tsla makes a 34% gain then I guess tomorrow doesn't really matter anymore?
Is going to hurt a bit...
Can someone shed some light why pre-market influences this share so much? It largely has no correlation on the end result of the day.
As of writing Tesla is up 4.8%.. impressive until you realise only 40k shares have traded hands making this completely irrelevant.
Also, tesla was down 5.8% yesterday and this is up 1.46% (at time of writing)....
Around here Chief Chuma has status. You are in our Kingdom. We don't take too kindly to tribes-people belonging to the cult of Elon. On your bike and off you go Bb143. Also don't forget to tell your cult that we are holding our short positions until the cult is no more. These Tesla bots are everywhere and they see to follow me around. I guess BB143 really is a bot and it stands for Beep Boop 143
Actually Chiefchump started trolling the Tesla board first so I'm just returning the favour ;-)
Ffs a Tesla guy has found us hahaha
Just keep in mind that the closing time in London is not the end of Tesla trading. The opening price the next day reflects the closing and after hours price in the us. So Tesla was down approx 15% at London close so 3sts was up about 45% at close. But tsla recovered almost all of that so 3sts opened down to reflect that recovery. If you want to understand the movements then watch the after Hours and pre market trading. Then you will see the correlation.
So short sellers got a bit lucky riding on the tails of the US Treasury bonds exodus and decline in all NASDAQ stocks. All overblown as usual. But now the recovery starts. This is a marathon not a sprint and shorters' hubris will be punished in the coming months just like last year when they helped push Tesla's price to stratospheric levels due to ill timed short squeezes. There is a lot of ambitious growth this year and I predict Tesla SP to be $1200 by year end.