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RE: Can Tesla Reach Mass Adoption?
Tesla as a car producer is only the beginning of this company. Tesla is coming out with car insurance so this will fix the money issues and make the company profitable. This doesn't take into account the self-driving taxi service they plan on coming out with.
In a couple of years i'd say 350-450 range is fine. If you looking 5 to 10 years. I expect it to be a lot higher. I don't own any Tesla shares because they don't have a dividend but if they did I would buy asap.
Also, I do expect Telsa stock to drop close to $200 as long as the bears are in full control of opinion news about the company. If it drops below $200 I would have no choice but to buy the stock even with no dividends. The game plan of the company is just that good.
At least an expert... As I began to short Tesla last year my idea was that competitors were very strong. My idea stays intact but Tesla is falling for other reasons in April.
if the price reaches a couple of dollars above 200 I think I will close my shorts. It's almost there. The price is very volatile, a huge rebound is very possible.
I like Elon and I suppose Tesla will survive, but I don't think it will be very profitable on long term. (Competition.)
Tesla dividend? Sounds as a joke today. Maybe in 5-7 years, we should talk about it again...
Shorting Tesla in the short term was smart move. I hope you made good profits from it. I don't agree with you on the long term outlook of the company. I keep an eye on the self-driving space and currently there isn't any real competition. Once we see competition they will still be starting far behind Tesla.
Here's why I say this.
Self-driving cars:Tesla is by far the leading this race.
Car insurance: Tesla will be fine in this business as long as their prices is fair.
Robo-taxi: GM had this idea since 2016, Lyft and Uber both have this plan but Tesla will be one of the big providers in this space. Not sure if they will lead it though.
I'm not even taking into account the solar panel and energy battery storage business. Tesla truly isn't a car company but a tech company in the car space. I hope Elon is smart about the corporate structure of all these businesses.
I don't expect a dividend from Tesla in the next 10 years. Way to much growth to be had. I'd love to see Tesla under $200 this year. I would gladly hold it for the whole 10 years. :)
Thank you again.