Time to Invest in Tesla

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.

Photo by Priscilla Du Preez on Unsplash

Author: vancealm

Working as a manager within two of the largest retail companies for the past 7 years has given me insight into consumer trends and essentially what people are buying on a normal basis. Why is that useful? Because it gives me a better understanding of the established and growing brands and companies that could potentially work to make YOU money. My name is Vance Alm and I am currently working on earning my MBA from the University of Nevada, Reno. I want to talk, teach, and find out more about investing in the stock market. Recently, there has been a lot of news around the stock market, hedge funds, and normal retail investors which has reignited the nation’s curiosity about investing their money. A lot of people want to be involved with the excitement of potentially making money by investing in the stock market, but they don’t know how or even where to begin. I want to explore the world of investment banking with you and talk about everything involved, from researching different companies to invest in, to the different online platforms or financial service companies you can use and everything in between. I am not a wealthy hedge fund manager and I am not an expert in the field, but I am passionate about the idea of having your money work for you. I am always learning more on the topic and I want to open the conversation on how to start investing and what companies to potentially invest in.

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