Replies to post #28751 on Tesla Inc (TSLA)

[maynerd]

Thanks... Good information. But I think the momentum right now is very high, which if she can hold $1900, I think she breaks higher.

But time will tell and the market will show us the way...

$TSLA

[kamdesigns84]

Nice chart. I think everyone has been duped by the news related to the possible S&P 500 inclusion and buying the hype assuming that larger institutions will buy into the stock the second its included. No one seems to realize the average PE of company’s list on the 500 is 29x. The highest any company’s PE has ever been on the list was a little over 100 back in the late 2000’s. #TSLA has over 900 PE. Does everyone really think risk averse large institutions are really going to unknowingly add TSLA as part of their portfolio fund purchases? There’s no way in hell. Plus TSLA was already 80% owned by instructions as of the last quarterly report. All anyone needs to do is take a look at the insider sales of late. The stock has simply been an ATM for officers and directors and people don’t think institutional holders are doing the same exact thing with all of the available private liquidity that come into the market during Covid? Pure complacency..