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Who remembers the time before the “Illness”?
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All time highs from Tesla, but why?
Can we learn anything from that time to help us invest now in this crazy market?
Lets take a look back and find answers so we can invest better today!
Welcome back everyone, In this video we will cover…..
1) What was going on with Tesla before the Illness?
2) Why Tesla Stock Price was doing so well
3) How looking back can help with your investing now.
The date was Feb 19th 2020 BC and Tesla was off another fresh high of $917 Per share
What was happening with Tesla’s Stock price?
Why Tesla’s Stock Price was doing so well
Tesla started the year at $430 per share
Then they promptly doubled in price in a little over the month
Before hitting $917 at closing on February 19th
So what was causing such insane growth in such as short amount of time?
There was positive news left and right.
And lets not forget the ridiculous hype
Ark Invest is the biggest Tesla bull out there.
And as a bull investor of Tesla, Ark is going to paint the picture sunny side up.
How does looking back help now?
There are three things that can help us now by looking back to this magical time
1) Its a Reminder that this is still a growth stock
2) counting the growth of their ancillary businesses as future revenue and are “guaranteed to succeed” like the cars is silly.
3) Gives you a preview of the euphoria that this stock has the potential to bring if they continue to successfully roll out products to market.
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