Tesla?

Discussion in 'Business, Investing & Finance' started by Musclepug, Aug 20, 2020.

  1. Musclepug

    Musclepug never go full retard
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    I bought tesla LAST WEEK Thursday for $1450 to ride the 1 to 5 split, it just broke $2000. What should I do? Ride it more?
    Discuss
     
  2. FireFoley

    FireFoley Senior Member
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    Congrats. As I am sure you are aware you will have no more amount of stock money wise split or no split. Never understood why stocks run up like that after announcing a split but some do and you capitalized. I am not the one to tell or suggest what you should do. I tend to invest more than trade now and I can't see owning Tesla when it is worth as much as every other car company combined, and they do not even make any money selling their cars. We can quibble about the earnings reports, but those profits are from energy credits, not car sales. Be that as it may you have a good profit and no one ever went broke taking a profit.

    For future reference it is a 5 for 1 split, meaning you get 5 for every 1 you own. A 1 for 5 split would mean you would get 1 share for every 5 you own. That is done to shrink the float and increase a stock price so a company can remain listed and typically occurs just before a company is going out of business.
     
    • Musclepug

      Musclepug never go full retard
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      yessir 5 for 1 split. i was gonna go long and hold, but its crazy profit has me rethinking it....on the flip side if i sell, i usually buy a dog and take a beatdown on new stock. lol
       
    • FireFoley

      FireFoley Senior Member
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      if that is the case, then you can take out your cost what 2/3 rds of the stock and let the rest run? if it is in a taxable account then you will have the tax hit, if it is in tax deferred then taxes are not an issue. If you do take the profit, then only invest the profits in a new position vs. the entire proceeds.
       
      • BMF

        BMF Bad Mother....
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        I sold Tesla at $300 a few years ago. Don't ask me!!
         
        • Gator By Marriage

          Gator By Marriage A convert to Gatorism
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          Years ago I owned a Gabelli Utilities fund that would fluctuate between $5 & $6 per, but paid a $.07 dividend every month. I dumped it when they did a reverse split, but it was fun while it lasted.
           
        • Musclepug

          Musclepug never go full retard
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          I just saw that tesla is about to be added to the s&p, so I'm gonna ride it out alittle longer. I'm assuming the big funds and etfs will have to buy it
           
        • FireFoley

          FireFoley Senior Member
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          Is that official? B/C they recently just became eligible for that based on the parameters required?
           
        • Musclepug

          Musclepug never go full retard
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          Yup, been around a year and 2 positive concesutive quarters
           
        • FireFoley

          FireFoley Senior Member
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          Yes I understand that, but has S&P made the announcement? Just b/c you meet the criteria does not automatically get you in, but I understand that the thought of this has been out for a while and your thinking is not wrong. We can quibble on the earnings validity but bottom line is what they look at.

          My thought is it better hurry up b/c if things keep up there will be less than 500 publicly traded companies before too long so need for a S&P 500, LOL. Hell they still have a Wilshire 5000 index and there is less than 4000 publicly traded companies. go figure.
           
          • NVGator

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            I’m currently working with multiple Tesla employees including the head architect of their factories and showrooms. Hold as long as you can. Makes no sense but that’s the plan.
             
            • FireFoley

              FireFoley Senior Member
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              Just announced that TSLA was passed over this time around for addition in S&P 500. Maybe next time. Hope you took some off the table when it had that huge run up.
               
              • Musclepug

                Musclepug never go full retard
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                #13 Musclepug, Sep 4, 2020
                Last edited: Sep 4, 2020
              • Gatormac2112

                Gatormac2112 The Voice of Reason
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                I hope you held on to it
                 
              • Gatormac2112

                Gatormac2112 The Voice of Reason
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                Tesla shares up $76 ($825/share) today making Elon Musk the richest man in the world passing Bezos
                 
              • Musclepug

                Musclepug never go full retard
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                Absolutely insane, I sold at $490, I made 200 a share on 60 shares in a month, when they didn't get in the s&p the first time I thought it was volitable
                 
              • Gatormac2112

                Gatormac2112 The Voice of Reason
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                You made a great profit so no problem there! Theres no way anyone can know when to get out, especially since everyone is ignoring the fundamentals with Tesla and just riding the wave of potential
                 
                • NVGator

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                • bradgator2

                  bradgator2 Rioting
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                  • BMF

                    BMF Bad Mother....
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                    It's a shame most of those residents leaving California and other liberal sh*thole states for conservative/red states keep voting for the higher taxes in their new state. Andrew Gillam, who said he wanted to implement a state income tax in Florida came a c*nts hair away from winning. smh
                     
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