Tesla stock

Tired, I accidentally sold my small position at $650 instead of the planned, cut them in half. Oh well, I might have caught a local peak.

Bob Wilson

 

My next TSLA sell is posted at $790. I’ve sold all my ‘cheap’ TSLA at $420, $465, and $650. These covered Full Self Driving and paying off the bank note. So I’ll go just liability and self-maintenance. Shocking!

Bob Wilson

 

A brief history:

• Feb 28, 2019 - Tesla announces Std. Rng. Plus Model 3 for a reasonable cost. Autopilot was a $3k option and blue paint, $2k.
• Mar 26, 2019 - Traded in 2017 Prius Prime, $18,300, and finance rest, 72 months, and paid down half to shorten payoff.
• . . . - Benchmarking Model 3 ... WOW!
• Stock instability - from a low of $180 to a high of $340 - based on benchmarks, bought TSLA in the $220-320 range
• Sold TSLA at: $420(*), $465, and $650
• . . . - Bought Full Self Driving at $6,000 a week before the price increased to $7,000. Waiting on HW3.
• Currently have small tranche at $790 while waiting for a SHORT squeeze, meltdown

So all things considered, no regrets. You buy/sell with the information you have at the time. Overall, I give myself a solid "B":

• I have a Model 3 with 19,142 miles after 10 months of ownership
  • next week, free and clear.
• Others have finally begun to understand the Model 3 and the Tesla business plan, the stock has significantly increased.
  • About 25% of the stock float was held by SHORT sellers
  • SHORT sellers have lost all credibility
  • Latest data suggests ~20% of stock float held by SHORT sellers who 'borrowed' the shares
  • To cover their stock 'loan' they have to buy what is available and my next tranche is at $790

I do not recommend buying stock in a company that you've not bought their product. You really need to know if it is the real deal or sugar water. So recommended practice:

1. Buy a used, new technology - I started with a 2014 BMW i3-REx, end-of-lease. If the new technology doesn't work, sell it for little or no loss.
2. Buy a new, new technology - the lessons learned with the BMW in both EV and range-extender mode made buying the Model 3 a non-event. Trading in the 25 mi EV, 2017 Prius Prime with 16k miles was easy because it had become 'driveway art.' I was choosing to drive the 72 mi EV, BMW i3-REx nearly all the time.
3. TSLA stock was under attack which led to significant price instability. Lying SHORT sellers are now between a rock and a hard place. They "borrowed" shares to sell at a high price expecting to buy good shares at a lower price. But at $650, the 'cheap' TSLA stock has evaporated. I have no sympathy for the SHORT sellers.

Bob Wilson

* - Sold the stock so I could send a note to the SEC asking them to let Elon be Chairman of the Board and refund their fines. It is why I gave myself a "B".

 

What worked last year can easily be a disaster if repeated this year. You really want to make your best play.

Bob Wilson

 

Closed Friday, $650, and opened $690+. I had a small tranche for sale at $790 so I moved it to $990. The VW "SHORT squeeze" saw nearly an order of magnitude jump before the board threw them a life-line.

Bob Wilson

 

I’m taking a more conservative approach taking small profits now that I lock-in. But that is me.

GOOD LUCK!

Bob Wilson