11-08-2013, 03:01 PM
Yeah this might be a good time to buy in if you believe in the company. This may be their Netflix moment -- something bad (or boneheaded) happens to a company with a good product, there's a big selloff but 1 year later they're still a good product and the stock buyers forget why they sold and they all come back.
...but I still think they're the Chihuahua in a room full of elephants. If Lexus or Land Rover or BMW or someone like that decides to make an all electric car to compete with them, they will crush them. (Whereas I was big on Netflix when they were down because they WERE the elephant in the room. There was nobody in any position to crush them.)
I feel like my Spidey sense is saying buy now, let it go up 10-20%, then sell and never look back.
There are some rumblings, especially from BMW, as they put their toe into the electric car market but it seems these other companies are avoiding the luxury sedan concept. Lots of other entries are lower end, trying to appeal to the gas savings, I guess, moreso than the "hey, you're rich, you should buy this status symbol" market. But it's just a matter of time and I don't see how Tesla can beat Lexus or BMW at their own game if/when it comes down to a straight competition.
...but I still think they're the Chihuahua in a room full of elephants. If Lexus or Land Rover or BMW or someone like that decides to make an all electric car to compete with them, they will crush them. (Whereas I was big on Netflix when they were down because they WERE the elephant in the room. There was nobody in any position to crush them.)
I feel like my Spidey sense is saying buy now, let it go up 10-20%, then sell and never look back.
There are some rumblings, especially from BMW, as they put their toe into the electric car market but it seems these other companies are avoiding the luxury sedan concept. Lots of other entries are lower end, trying to appeal to the gas savings, I guess, moreso than the "hey, you're rich, you should buy this status symbol" market. But it's just a matter of time and I don't see how Tesla can beat Lexus or BMW at their own game if/when it comes down to a straight competition.