facebookTESLA price will increase or pullback when Battery gets nearer? - Seedly

Anonymous

15 Sep 2020

βˆ™

Stocks

TESLA price will increase or pullback when Battery gets nearer?

Hi everyone,
I have bought 11 Tesla shares last week at $372. I have managed to sell all my "Value Stocks" last friday to fully invest on Tesla.
But god dammit. When i woke up today, my heart shrank when i saw it at $419.16.That is almost $50 jumps! Whuuuttt
Because i don't have much warfunds. About US$12.5k left, every single share counts for me.
Question: Should i just YOLO and buy them at this price or wait for pullbacks.

Discussion (7)

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ARKK ETF has a lot of TSLA inside​​​

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Sharon

15 Sep 2020

Life Alchemist at School of Hard Knocks

If you have conviction in Tesla, you may wish to put more but do note that Tesla is a momentum stock, it has high volatility so you need to have the courage to hold if it drops.

I bought some shares at $480 when the stock just split and then it plunged to $330. But for the first time ever, I'm so happy seeing a stock price dropped. I bought more at $350 and then at $400 yesterday. Haha. I'd like to get some more, but no more cash πŸ˜†

As shown by my personal experience, remember, not to go all in. After Battery Day, how the stock price will perform in the short term is anyone's guess. If you're holding long-term, the volatility will spread out over time and I'd see more gains as revenue pour in for Tesla. Elon is one of the greatest CEOs in the world (and he's damn funny too πŸ˜‚ just follow him and read his tweets...epic)

If you want to build up conviction, I'd suggest you can follow heydave7 (He invested in Tesla when it's at USD 30 per share then and still holding till this day) or Chicken Genius Singapore. Both are long-term investors who give insightful explanations into Tesla on their YouTube channel / Twitter.

You can diversify into other great companies which has a lot of potential too. I also invested in other companies. At the moment, Tesla is not my top position.

As always, please do your own due diligence.​​​

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Better to diversify your across various industry and products and stocks that you are familiar with ...

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