Tesla issued its 3Q financials on 23 Oct 2019. The 4Q financials will likely be issued on 23 Jan 2020, in about three weeks time.
If it shows an improved profit, it is likely that Tesla will move towards my target of US$500. At that point, I intend to take profit on half of my holdings.
When Tesla announced its 4Q sales on 3 Jan, it beat analyst forecast. The price jumped from $430 to $454 within a few minutes. However, it dropped back to $443 at the close.
I shall be watching the price movement over the next few days. There is the possibility that the market will continue to push up the price of Tesla shares, say to $470. This was what happened after the announcement of the 3Q financials. The full movement occurred over 1 week.
However, if the investors thought that the price of $450 is too high, it is likely that more will take profit and the price will continue to fall.
I have to watch this price carefully, as I have 300 shares worth SGD 180,000. As this is a volatile share, we can see a 10% movement in 1 day. That is $18,000. Frightening, right?
If you want to share in this excitement, you can watch the price by searching for "Share Price Tesla" on Chrome. You will see the latest price and it is updated live.
If you want to know more about how to monitor the share price movement, come and attend my talk on Sat 11 Jan. Register at https://tklcloud.com/event/whats_on.aspx
If you want to invest a smaller sum, you can buy 10 shares for US$4,300 or S$5,800. If you cannot take the risk and just want to watch the fun, you can continue to monitor my trade. I will tell stories, OK?
If it shows an improved profit, it is likely that Tesla will move towards my target of US$500. At that point, I intend to take profit on half of my holdings.
When Tesla announced its 4Q sales on 3 Jan, it beat analyst forecast. The price jumped from $430 to $454 within a few minutes. However, it dropped back to $443 at the close.
I shall be watching the price movement over the next few days. There is the possibility that the market will continue to push up the price of Tesla shares, say to $470. This was what happened after the announcement of the 3Q financials. The full movement occurred over 1 week.
However, if the investors thought that the price of $450 is too high, it is likely that more will take profit and the price will continue to fall.
I have to watch this price carefully, as I have 300 shares worth SGD 180,000. As this is a volatile share, we can see a 10% movement in 1 day. That is $18,000. Frightening, right?
If you want to share in this excitement, you can watch the price by searching for "Share Price Tesla" on Chrome. You will see the latest price and it is updated live.
If you want to know more about how to monitor the share price movement, come and attend my talk on Sat 11 Jan. Register at https://tklcloud.com/event/whats_on.aspx
If you want to invest a smaller sum, you can buy 10 shares for US$4,300 or S$5,800. If you cannot take the risk and just want to watch the fun, you can continue to monitor my trade. I will tell stories, OK?
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