Opinions on keeping it selling TSLA (low cost basis)
I bought it on a lark several years ago. Current cost basis is ~$18 (150 shares).
With its exponential rise in the past and my relatively low $2500 entry I figured I’d just keep it for a decade or more. I was up $60k at one point on a $2500 investment.
But with all the Twitter shenanigans I feel like I should just get out with a $25k profit instead of watching it dwindle.
Anecdotally, I see a lot of people saying they were saving up for a Tesla, or a Tesla would be their next car, but because of Musk they’re looking at other options. There are also a lot of good, viable options now to compete with Tesla. Not to mention the build quality and legal issues around Tesla and self driving.
With its exponential rise in the past and my relatively low $2500 entry I figured I’d just keep it for a decade or more. I was up $60k at one point on a $2500 investment.
But with all the Twitter shenanigans I feel like I should just get out with a $25k profit instead of watching it dwindle.
Anecdotally, I see a lot of people saying they were saving up for a Tesla, or a Tesla would be their next car, but because of Musk they’re looking at other options. There are also a lot of good, viable options now to compete with Tesla. Not to mention the build quality and legal issues around Tesla and self driving.
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TeslaSmurf : Average down your purchase cost prudently. Nobody knows where the bottom will be, nobody (almost) knows when Tesla or Elon will intervene (they will at a certain point).