(Confessions of a Stock Operator)
Start Date: 9/20/2018
Tesla is Worth 43 Billion! Say What?
Okay! For a company that’s barely churning a “profit”; this is incredibly laughable! But is it? This company came out the gate, establishing itself in a league of its own! Take for example this fact:
Prior to $TSLA, the last automaker to go public was???
You didn’t guess it…. Or you did! :)!
Ford ($F). Ford went public in 1956! Nearly 54 years later; Tesla IPO’ed in 2010 at $17.
7 short years later; it has caught up to its Ford counterpart in terms of Market Cap. If you were smart enough to snag shares at that price, you would be sitting on a gain of well over 1,451%!!!
Now that’s Bank!
But to my initial question (rhetorical), Is Tesla Worth 43 Billion? Or more?
Should you sell your shares of the electric car maker or jump on this clear 1, 451% gravy train!!
Fundamentally you may have a hard sell but from a technical perspective, you’re circling around support.
Should you buy??
Tina "ShortMeTina" Ley (pronounced Lee) holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over a decade. Currently a Full-Time Trader and Blogger of all things financial.