Obviously, Tesla (TSLA) isn’t a new company so I’m sure many of you have already had money invested in the company. But I’ve noticed over the past 5 months Tesla’s stock price seemed overvalued. Starting 11/16/2020, their stock price gained a massive $100 per share jumping up from $400 to $500 over the course of just THREE DAYS from 11/16-11/19. Tesla’s stock price’s started skyrocketing and started shooting to the moon. The price peaked around $890 per share during this past January and has been on the decline since then.
Today, 3/26/2021, Telsa’s stock price has dipped down to around $610 per share. The last time we saw it’s price go this low was when it dipped three weeks ago around 3/8/2020, where it quickly shot back up in price averaging $700 per share since then. I personally think this stock was out of control over the past few months with volatility, but I believe the price has corrected. Over the past week, the price has gone from $670 and dipped down to $610 today.
I think it’s currently in a dip and that could make this a good time to invest. There has also been a lot of government talk about transitioning to electric vehicles (EVs) and increasing infrastructure for charging stations. This could mean a huge increase in sales because of fleet purchases. But I think the potential government incentives for building the infrastructure for more charging stations could be HUGE.
In other recent Tesla news, Elon Musk has talked about a large expansion at the Shanghai factory and has said the Chinese market will be Tesla’s “biggest market” in the long term. Also, PepsiCo has preordered and expects to be the first recipients of 15 brand new Tesla semitrucks this year at their Modesto, CA Frito-Lay manufacturing facility. In other Tesla semitruck news, it might not be legal on roads in Australia due to a law there where vehicles cannot be wider than 250 centimeters but it measures 3.8 centimeters wider than that, Tesla is lobbying for this rule to be amended.
I personally think all this recent news along with the current dip in it’s stock price makes Tesla a very tempting investment opportunity. I am no expert and this is not financial advice on how to invest your own money, but I personally bought some Tesla today. Leave me a comment with your thoughts regarding Tesla.