Today, in the time of writing, is the best time to buy a bunch of Tesla stock.
I had been wanting to write this article for the past 2 days. And finally got a chance to sit down and write it.
Right now, September 10, 2018, the Tesla stock price plummeted at only $263. There is high chance that it will go down by a few more dollars in the coming days. Because the controversial articles are still featured on top of the most popular news websites.
If you were sitting with a couple thousand of dollars. I would highly suggest buying a Tesla stock now and sit on it until it goes back up to its normal high price. Which is by looking at the graph charts from the last nine months, is around $360 to $380.
That means you would profit 40% more off your investment in 2 months.
Now it is true that I am no expert in this but maybe if I tell you how I currently perceive things about Tesla then you may come to understand my assumption.
Here are the reasons why I think the Tesla’s stock price will go up.
1. Tesla Is On Demand
Wherever you are in the world. It is a general knowledge that what makes the company successful is it’s demand and number of customers. And I can assure you that Tesla is very well on demand and had hundreds of thousands of reservation currently at hand.
2. Tesla Had Been Here Before
Tesla’s stock price is no stranger at getting to a $260 mark. It has gone this low March of last year and April of this year. But after those two times, the Tesla’s stock price has gone up again and again.
3. Tesla Has Elon Musk
If you ask me, as long as Elon Musk is on the helm, Tesla would always be successful. I do not want to say it but Tesla is Elon and I am pretty sure that a lot of people follow Tesla just purely because of Elon. And I know for sure that there are high profile investors out there who believed so much in Elon they would do anything to keep his baby Tesla up and running.
I do know that Elon is not the one who founded Tesla, but I know for a fact that he is the one who is there for the company when everything was on the line.
So this plummeted Stock price is nothing compared to what he and his company has been through before.
4. Tesla Has a Well Planned Future
Most of us who follows Elon Musk are familiar with his master plan. And this week we finally got a new glimpse of the upcoming Roadster. This will surely attract more people to his company especially after knowing the crazy specs of the car.
All in all, I do believe that Tesla is just not a company which stock would plummet so low when it just achieved it’s all time high price a few weeks back.
Honestly, I got another idea but I believe that saying them just based on speculation would cause me trouble, so I’d rather keep that last one to myself.
Conclusion
Now the only thing you need to think about is whether you should wait for the price to go down further or buy now and just sit on it for a month or two.
My suggestion is to buy now and short at around $360. Don’t be greedy, more opportunities will show up.