Why I Bought $4,293 of Tesla Stock Today! Will I Buy More?

TL;DR

The content discusses the author's recent purchase of Tesla stock, their current position, reasons for buying, potential for future growth, and plans for further investment.

Transcript

well ladies and gentlemen I went ahead and did it today I wasn't in the plans but I went ahead and bought some more Tesla stock here today and I want to answer a whole bunch of questions about these Tesla shares at his purchase which by the way I did a Q&A on my Instagram a few days ago like people could just ask me any questions and literally prob... Read More

Key Insights

• 🧡 Tesla stock has a history of bouncing back around the $280 range.
• 🙈 The author sees Tesla as a potential dominant player in the electric vehicle market in North America and Europe.
• 😌 The recent settlement of a large payment has relieved a previous concern for Tesla shareholders.
• ❓ The introduction of a more affordable Model 3 has brought excitement and is expected to boost sales.
• 👲 The author believes Tesla stock is undervalued at a market cap of around $50 billion.
• 👨‍💼 The potential for Tesla to enter the autonomous taxi network and solar business contributes to its long-term growth prospects.
• 🚀 The author highlights the March 14th Model Y launch as an exciting event that could further increase Tesla's visibility and stock performance.

Questions & Answers

Q: Why did the author decide to buy more Tesla stock?

The author mentions several reasons, including historical stock performance around the $280 range, belief in Tesla's future potential in the electric vehicle market and other areas, and recent events such as the settlement of a large payment and the introduction of a more affordable Model 3.

Q: What is the author's current position in Tesla stock?

The author currently owns 65 shares of Tesla, with a total value of around $18,600 and a cost basis of $283.92.

Q: Does the author plan to buy more Tesla stock?

Yes, the author is looking to buy more if the price drops below $270 or near the 52-week low of $255. They are willing to double their position in Tesla if the price reaches these levels.

Q: What are the author's thoughts on the upcoming Model Y launch?

The author is excited about the Model Y launch, as it offers a more affordable option for those in need of an SUV. They believe it could generate more publicity and excitement for Tesla.

Summary & Key Takeaways

• The author already owns Tesla shares, with 50 shares in one account and 6 shares in another.

• They bought an additional 15 shares at around $285, increasing their Tesla position to approximately $20,000 worth of shares.

• The author believes Tesla's stock has a history of bouncing back around the $280 range and sees the company's potential for growth in the electric vehicle market and other areas.