Tesla Stock $2700 in 2 Years: Hype or Substance? (Ep. 36)

Follow me on Twitter: https://twitter.com/heydave7 Follow me on Instagram: https://www.instagram.com/heydave7 Watch this video on what a 10x company is, https://www.youtube.com/watch?v=r9HtG-jJSTY Watch this video on how new tech goes mainstream, https://youtu.be/gVsFsydllNo Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 In this video I look at some of the outrageous price predictions from some Tesla fans. Is a $2700 price target in 2 years realistic? How about a $22,000 price target by end of 2024? Often its difficult to forecast the future because there’s so many variables to consider. It’s easy to have a narrow view and get stuck in a theory where you forecast the future inaccurately because you missed some key variables. This is an example of what I call “loose thinking.” As investors I think it’s critical to have objecting and deep thinking, and to analyze companies from both quantitative and qualitative points of view. A lot of the outrageous TSLA price targets out there are based on a super-fast adoption of the Robotaxi Network. I think true autonomous driving will be rather a slow adoption at first and it’s unlikely we will see millions of Robotaxis on the road in the next 2 years. Rather, an autonomous taxi is a revolution in how a human interacts with a car. Rather than driving a car, the car drives the human. And this requires the human to let go of control over their body. This is extremely difficult to do psychologically and requires the autonomous driving car to be significantly more safe than a human driven car. I speculate it needs to be 10x as safe as a human-operated car for autonomous driving to really cross the chasm and go mainstream. I answer this viewer question in the Q&A section of this video: Dazzer1234567 Hi Dave, my question is: with Tesla stock, should we stop thinking in a tradition manner? The bears are complaining that the market cap is waaay more than the actual value of the company. But one could make the same argument for a Van Gogh painting. $200 mil is waaaay more than it's practical worth. But that's irrelevant. It's worth that much because people are willing to pay that much. Same with Bitcoin. What makes a bitcoin worth $9000? Simply, the market decides it's worth that much. So can't the same mode of thinking be applied to Tesla stock? Because it's a cult stock, based around an idea, an aspiration and based around a brilliant cult figure. People want to own a part of it. So the market decides the value, regardless of the "traditional" value. Maybe that's why the "experts" in Wall Street have been so confounded by the performance. Due to their inability to think outside the normal financial "box"........I'd be interested on you r thoughts on this. Thanks! Please share this video with others on Reddit, Facebook groups, and forums. Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date. Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

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Hi, I’m Dave Lee and welcome to my investing channel. I share my journey, lessons and thoughts on investing and personal finance to help people grow their resources and use those resources on what’s good and true. Subscribe to keep up with my videos. Check out my archived posts/articles on Tesla, TSLA, Elon Musk, and Model 3 at https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 Investing | Tesla | TSLA | CyberTruck | Model S, 3, X, Y | 10x Growth | Financial Principles | Money