I'm buying TSLA, would disclose it's only a 100 shares so far so take that for what it's worth. I do plan on buying more. I see no reason to buy at these levels if you think it's a car company. If it stays "just a car company" buying at these levels could be a disaster. We are at the stage of doubt just like prior to 3 launch that it can grow. Elon promises big and is often early this can lead to the impatient losing patience. TSLA is another company that I was interested in from the IPO and told my wife I felt it could really be a great investment back near $20/share a ton of splits ago, so probably low single digits. I was too impatient and then become too cautious to "chase" it and did idiotic things like "look at the PE!"
I think the EV space is going to be in for some pain and I think stock price could continue to go down. Will it be lower a decade from now? I'm willing to put my money on the line it will be substantially higher.
I kind of hope it does go down thus the only 100 shares. If we can get into the 100-145 range I'll probably be buying about $80k worth. Had someone ask me recently if they should buy (was $173 at the time I think) and I told them no, because I know they are looking at it as a trade something they want to sell next month, this summer etc and there is nothing about the chart saying this would be a good buy here.
If you want it as a trade, much safer to wait for it to show some strength and trend change than try to catch a bottom.
