Should I Sell Tesla Stock? Should I Buy Tesla Stock? The Post Split Answer
The big question in the stock market and Tesla stock today is: Should I sell Tesla stock right now, or should I buy Tesla stock right now? Since Tesla post-split, the stock has dropped from over 500/share to under 400/share.
There are a lot of Robinhood traders turning into instant bagholders as they were investing in Tesla stock at the all-time highs as they put their faith in Elon Musk, instead of the Tesla Technical Analysis. TSLA stock was due for a pullback but now I tackle whether you should be buying Tesla stock or selling Tesla stock in the midst of what could be another stock market crash.
Video length 00:10:49
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I think people are wise enough to see the splits as the ruses they were pumping already well valued stocks. Certainly selling before the dump would have been good. However with Tesla entering into indexes, I don't expect Tesla to ever be the same. Those looking at the previous charts to give direction will be sadly disappointed.
You will need to look at not just growth but profitability, cash flow, etc. The price will likely become more traditional with valuations regressing to more normalized metrics. The good news is trading will eventually stabilize and the volatility will decline.