R
Rick C
Guest
I would have sold all my Tesla stock in February when it reached 900. I sold some earlier at 500 and then some at 900, but I want to pay capital gains rather than regular tax, so the rest I had to hold onto. I have a few more shares that have matured and am ready to sell which I almost did today believing it will continue down. But... Congress has not yet passed their relief bill and I can't imagine that won't pump the market when it finally is passed by Congress.
So I'm holding off a day or two to sell. Tesla will release their production/sales number at the end of March and they are going to be well off the mark because of the shutdown. The only question is how far off the mark. Then a month later they will release the financials. Again, they will be off and the details of how far off will either rally or cause further drops.
I have one more purchase which will qualify for long term gains the end of May. By then we should have some clarity of where things are headed.
Tesla tends to be a very "active" stock responding to everything strongly. (The market sneezes and Tesla catches a cold) The model Y is shipping and they are selling cars in China. They will have made good use of this time when they could not make cars. So they will do just fine long term. But making money on the stock is a tricky matter of timing and understanding the expectations of the market. That last part can be tough.
I expect to see similar effects at the other automakers. In particular this time will allow them to continue planning for their new electric models. Next year we are going to see a lot of new EV models, both hybrid and battery.
Not sure what will happen with Boeing. I suppose they will receive massive loans which may be just what they needed to get through the MAX737 fiasco. Time heals all wounds, including financial ones.
Which companies will be hit hardest by the virus shut downs? Who will be impacted the least?
It's pretty obvious the medical companies will surge. I expect the insurance companies will be among those hit hardest.
--
Rick C.
- Get 1,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209
So I'm holding off a day or two to sell. Tesla will release their production/sales number at the end of March and they are going to be well off the mark because of the shutdown. The only question is how far off the mark. Then a month later they will release the financials. Again, they will be off and the details of how far off will either rally or cause further drops.
I have one more purchase which will qualify for long term gains the end of May. By then we should have some clarity of where things are headed.
Tesla tends to be a very "active" stock responding to everything strongly. (The market sneezes and Tesla catches a cold) The model Y is shipping and they are selling cars in China. They will have made good use of this time when they could not make cars. So they will do just fine long term. But making money on the stock is a tricky matter of timing and understanding the expectations of the market. That last part can be tough.
I expect to see similar effects at the other automakers. In particular this time will allow them to continue planning for their new electric models. Next year we are going to see a lot of new EV models, both hybrid and battery.
Not sure what will happen with Boeing. I suppose they will receive massive loans which may be just what they needed to get through the MAX737 fiasco. Time heals all wounds, including financial ones.
Which companies will be hit hardest by the virus shut downs? Who will be impacted the least?
It's pretty obvious the medical companies will surge. I expect the insurance companies will be among those hit hardest.
--
Rick C.
- Get 1,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209