[JaegerRage]

Tesla stock is tanking and people are torching the cybertrucks. Thoughts on buying or do we think it is going to keep falling???

[Fresku]

Buy in times of fear and sell in times of greed.

Enough said.

[Robtism]

I would be wary of buying it currently with his current political drama regardless of how you feel about him, he is tanking his brand and quickly. His investors want him gone.

[Bastille]

I believe in Tesla, in 2025 we should see a new car below 25.000$, then Cybercab in 2026, then Tesla Bots (maybe power by Grok), they are also into power/batteries.

I'm not worried for Tesla, not in a good shape right now, but let's see in 5-10 years

[DramaKing]

I don't think that their troubles are just arson and boycotts. There's the Cybertruck issues, increased competition, and demand for EVs is increasing according to some reports, but I wonder.

[Beaks]

There's still room to fall. That said, I doubt Tesla is going to fail long term.

[The Pact]

I don't think that their troubles are just arson and boycotts. There's the Cybertruck issues, increased competition, and demand for EVs is increasing according to some reports, but I wonder.

And the fact the cars have blown up a lot on their own before everyone around the world started setting them on fire as well.

https://www.carscoops.com/2024/09/a-tesl...in-greece/

The main thing to consider really is that a lot of competition EVs now exist that didn't before.

[Nostre]

Whenever Tesla is "crashing," that's an opportunity to buy at a discounted price, like a sale at a retail store. And if you plan on holding for 5-10 years, then it's a no-brainer to stock up on Tesla.

I've always liked and believed in Elon's abilities as a businessman and person, so my bias is included in my investment decisions as well.

[JaegerRage]

Buy in times of fear and sell in times of greed.

Enough said.

Facts

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I would be wary of buying it currently with his current political drama regardless of how you feel about him, he is tanking his brand and quickly. His investors want him gone.

Yeah I recently saw a news article of a major investor calling for Musk to resign as CEO, curious if that starts a trend and encourages other investors to do the same.

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Whenever Tesla is "crashing," that's an opportunity to buy at a discounted price, like a sale at a retail store. And if you plan on holding for 5-10 years, then it's a no-brainer to stock up on Tesla.

I've always liked and believed in Elon's abilities as a businessman and person, so my bias is included in my investment decisions as well.

That's a fair point, i think long term makes sense, there is certainly an innovation factor at Tesla. Is everything they produce the iPhone? No. Will they have failures? Obviously. But it just takes one creative design to spark major revenue and they certainly have the engineers to realize that potential long-term.

[Phantom_NiNja]

Tesla stock is tanking and people are torching the cybertrucks. Thoughts on buying or do we think it is going to keep falling???

It will keep falling. I would buy in the fall. I think by fall it should ramp back up.

There's a huge sell off and the tesla stocks are heavily overpriced. You're paying a premium to buy tesla stock which isn't good.
Why it's not good? because it's pretty much you're gambling that the stock price and the company's value will keep increasing over time.

The company is still having growth but people are paying more today than it's actually worth and it's mostly because of emotions. Elon was democratic and many people paid a premium for his stock because of political views. This is why the stock is overpriced and it's not just tesla . many other stocks too. So, right now it's a correction. However, I think it will keep going down until September. There will be a buy back and it will rebound.