Bought my Tesla back in December of 2015 and look for excuses to drive it everywhere every day of the week.
BUT, hesitated buying TSLA stock because of all the noise about it being overpriced.
((Caution: run on sentence follows. :) ))
Now after nearly 2 years of watching Tesla continue to grow at crazy rates,
while reinvesting their 20-25% gross margin (from each car sold) back into the company's infra-structure
and watching the Model 3 come to life while seeing the potential for the Tesla Energy roofing tiles and Tesla
power packs for commercial as well as residential use, I decided to take the plunge.
But, after listening to the 3rd quarter Conference Call, I waited to see what the stock did after hours. When it
appeared to reach bottom with the Model 3 delay news, I set up a buy order at a price slightly below the after hours low.
BAM! Market opened today and the stock dropped below my target and the buy order went through.
I'm now the proud owner of 50 shares of Tesla stock. Hope the ride with the stock is as exhilarating as riding in
my Model S 70D. :)
Anyone else take the plunge?