Is Tesla stock too expensive now?
Who is selling Tesla stock? ![]()
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Popular money manager Cathie Wood's investment firm Ark Invest sold more shares in Tesla, and including the latest sale Ark Invest has sold about $1.44 billion worth of shares in Tesla since the start of September. ![]()
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Tesla board chair Robyn Denholm exercised options to 25,000 shares on Monday, sold all of the stocks on the same day. His options would expire in June next year, were exercised at $52.38 per share, sold at up to $1,147.3 each. ![]()
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Is it a good time to short Tesla? ![]()
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Tesla is now up a whopping 52% in the past month, adding about $400 billion to its market cap. The extreme move comes after a 2 billion deal to sell 1,000 Model 3 to $Hertz Global Holdings, Inc. (HTZZ.US)$. ![]()
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DataTrek Research co-founder Nicholas Colas said it's understandable that short sellers may see an opportunity to short Tesla stock after its extreme move higher.
In fact, Tela has outperformed the S&P 500 by about 77% in the past 100 days, a performance that may seem like an opportunity for a mean reversion trade at first glance.
Don't short Tesla here. Crazy as it sounds, the stock's recent rally is pretty normal action for this name.”
—— Colas said in a Tuesday note
Mooers, do you think whether or not Tesla stock is too expensive now? ![]()
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THEWIZARD : Yes, too expensive.
Board Chair wouldn't have sold his 25,000 shares, if he don't think that he's getting the best value for them.
THEWIZARD :
XguiX : Read
FazZaf : Still cheap. With more factories planned to open production will continue to multiple.
AppleMango : Yes, very expensive!!!
agar agar : Way too expensive now. PE ratio is in the 400s. Reminds me of the dot com stocks back in 2000
Lollllu : Disappointed..
litim : If it's less than 2,000 dollars, don't consider buying it, not the highest, only higher.
101895896-8 : Still good to buy now and keep for long term. Profit I buy now, the better long term profit!
70647194 : It’s gotten a little overheated due to a lot of enthusiasm I wouldn’t sell it. It’ll come back to a reasonable level and then when Austin and Berlin come online it will be a different story
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