Monday, October 4, 2021 6:23 AM EDT
I hope you've made a mint along the way - if you've been following along, you certainly have - but it's time to unload your Tesla Inc. (NASDAQ: TSLA) shares.
That's right. Sell Tesla. Today. It's done.
What can I say? Tesla's had a great run, and don't get me wrong: I'm sure the company's not going anywhere... but the thing is, neither is TSLA stock.
The hard truth is there are newer, better electric vehicle (EV) companies out there - better companies with cheaper stocks, packing far richer upside.
I've got just the stock to recommend to you today Lucid (LCID), and if you play it right, you can use just a fraction of your Tesla profits to take a healthy position. And when I say "fraction," I mean it: Its shares are 30 times cheaper than TSLA, or about $25.
This EV company's cars are shipping right now - with a range 100 miles longer than Tesla's.
Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...
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Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested positions in securities at the times and prices referenced. Hypothetical performance results have many inherent limitations. In fact, there are frequently sharp differences between hypothetical performance results and the actual results that may subsequently be achieved. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, hypothetical trading examples cannot possibly take into account the impact of liquidity or buyer and seller demand, and do not allow for slippage and associated trading costs and concerns. One must be aware of the risks and be willing to accept them in order to invest in the markets. One should never trade with money that one cannot afford to lose, and one must accept that there will be losses, and one must be able to sustain these losses, both from a financial as well as an emotional perspective. Recommendations are for the exclusive use of subscribers and can change at any time. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. Please read the full disclaimer here.
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Quite interesting advice, to dump one and buy another that I have not heard of, nor know anyting about. So I would advise at least a bit of research, in case this is just a ploy to create a "dip" for another to buy. It does not seem that Tesla is "done", and even more, it is rare to "get rich quick" without a whole lot of risk involved, and the chance of losing one's shirt also being involved. (Of course, the value of used shirts is not cerrtain today, and so the size of that loss would be unknown)