https://mediumhappi.org/?p=8501
Data points for Tesla shares (TSLA) the past month:
January 21: $530
February 4: $968
February 5: $734
February 19: $944
February 20: $859
Today’s open: $910
To me, Tesla share prices and fluctuations this past month are reminiscent of Amazon share prices back in the spring of 2017. Go look it up. What we are noticing are tremendous upward surges followed by sharp pullbacks but resting at a higher level than pre-surge. Eventually the tug-of-war ends with Tesla edging over the $1,000-per-share level, though that’ll be a struggle for awhile. Conservative estimate? Tesla breaches $1,000 before the end of March Madness.
“Tip-toe thru the TULIPS” with jdubs! 🙂 I hope you make a fortune & get out before the inevitable crash.
I’ll stick with AMZN, AAPL & my late-roaring NVDA. The latter had been neckandneck with my AAPL all of last year & this year until last Friday & then ZOOM, it’s like Secretariat at Belmont, only this time I’m not just watching on TV, I’m ON the horse. 🙂 Ooh, I just clicked over to CNBC & maybe Big Red (& the rest of the ‘field’) has thrown a shoe! Just another ‘day at the races’. 🙂
Also, I do have a TSLA question for you – why doesn’t the announcement of a secondary offering negatively impact this stock? Existing investors’ shares will be diluted. I believe the answer is that the current mania of buyers have little knowledge of investing & are just jumping on the current ‘shiny object’/media story, as Bitcoin was in late 2018. This always results in tears for the newbie latecomers. Be careful, jdubs!