Why you should NOT buy Tesla shares now.
Yesterday, 4th of February, as Tesla stock reached its all time high of $961, if you’d typed “should I…” into Google, Autocomplete would give you back “should I buy Tesla stock” as the best option.
If you don’t like to accept that as a sign that we are in a FOMO phase, then note that the price surged 36% (!) in two days, and that one investment manager just put a price tag of $7,000 (!) on Tesla in 2024. In short: it seems that we have now entered the ‘no price is too high’ stage — what better criterion is there for a market in a bubble?
Tesla has always been a highly divisive stock, until a few months back when the stock went parabolic and never came back. It is as if every analyst woke up one morning and thought: “I get it now, they‘re gonna overtake the auto industry, I’m gonna cover my short now”.
What’s happening?
Beginning in the Q4 last year, a series of triumphs for Tesla began proving Tesla critics one-by-one wrong. But these concrete achievements invited calls for Tesla’s absolute supremacy that rest on a number of esoteric claims which are hard to prove or disprove.
- Tesla opened its Shanghai…
