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TESLA: Does a 75% Drop Make for a Good Time to Buy by scaredycatguide

View this thread on: hive.blogpeakd.comecency.com
· @scaredycatguide ·
$17.96
TESLA: Does a 75% Drop Make for a Good Time to Buy
Stocks are not something I considered at all over the past couple years.  All I saw was a frothy market pushing ever higher on liquidity and knew at some point the tide would need to turn.

Well, 2022 turned out to be that wave and now I am finally interested in stocks again as so many are trading exorbitantly lower then they were just a year ago.

### Tesla is one of those names..
![image.png](https://images.hive.blog/DQmc6YLfYn3Sk1gM5BrXbX7PuKVRi8WVgw563D3a5reJcdS/image.png)

Looking at the chart you can see this thing got smacked! It has been in a clear downtrend for over a year now and sold off so bad recently that it pushed below that existing trend.

##### Time to buy?

Maybe it is, maybe it isn't.  I will say this though, if I plan to acquire shares of a stock, especially one of a growth company, I much rather do it after is has gotten beat down.

Tesla is down 75% from highs.  That is a pretty big drop, even if it is not the low (which it may not be, $92 is totally feasible when looking at the charts) I'm comfortable buying some shares here for a long-term hold.

When I say long-term I mean atleast 5 years.  I do wonder if we will see a relief rally in the near-term after all that selling.  Price action could certainly use it, but right now the bears are still in full control.

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vote details (191)
@acesontop ·
TSLA looks like having the behavior of crypto on the market. 
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@arsh11 ·
You have given a lot of useful information about the crypto market. Thank you very much. And you keep giving us such information.
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@cmplxty.leo ·
RE: TESLA: Does a 75% Drop Make for a Good Time to Buy
Thanks I’ve been looking for a chance to get some Tesla even though I despise the EV concept. A discount is good!

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@invest4free ·
Why do you despise EV’s?
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@cmplxty.leo ·
RE: RE: TESLA: Does a 75% Drop Make for a Good Time to Buy
Wrote this sort-of book comment the other day lol it sums it up well. Basically we are prioritizing the absolute wrong direction. 

Here's what I said:

Electric cars are the most abysmal failure for “green” energy. There are far better ways to achieve it and this is most definitely not one of the ways. Ignoring the fact that they are using child slave labor to mine the materials for their batteries, which they’ve recently been caught red handed doing despite all kinds of virtue signaling companies saying they aren’t, the lithium mining and processes to create the batteries are magnitudes more toxic for the environment than removing petroleum and using it as a fuel, with proper efficiency taken into consideration.

Then don’t forget the fact that they are powered largely by coal plants which are atrocious at the amount of toxic waste they produce in many steps of the process.

If they are powered by “green” energy such as wind or solar there’s not enough of it to charge a fleet of the cars so they will never get charged to the capacity they need to be at to be used.

Wind turbines cannot be recycled so when they wear out and break, which they do about every 20 years or so last I looked, they have to dig massive pits to bury the waste material. They also use hundreds of gallons of oil to lubricate them and keep the turbine cool which has to be refreshed every many months, I don’t remember the schedule.

My point being is that this absolute green washing of electric vehicles is such a scam and meant as a way to force people into inefficient means of transportation. Combustion engines far out perform the electric vehicles on even the metrics that are used to measure “carbon footprint” of the bloody things! I think we are being led in the completely wrong direction. I want more efficient vehicles for sure! I just don’t want to be pushed in a direction that is downright foolish and will lead to worse conditions instead of better. We need to invest more into using natural gas as a fuel because it’s even more efficient than gasoline is and is unbelievably cheap to produce and is completely renewable. You can farm waste dumps for natural gas and there are millions of square feet of them throughout the world sitting there not being taken advantage of!

I can go on longer but I just think my point is the governments of the world are intentionally leading us in the wrong direction. We are far smarter than this and can create incredible solutions but they are trying to shut them down for the ones they want to use to control us far more.

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👍  
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vote details (1)
@edicted ·
RE: TESLA: Does a 75% Drop Make for a Good Time to Buy
Probably but it's hard to buy anything with BTC at $17k. 
Potential upside for BTC trumps any stock by x10. 

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@scaredycatguide ·
RE: RE: TESLA: Does a 75% Drop Make for a Good Time to Buy
Agree with that sentiment, however the cat can't help but diversify! 

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@emaxisonline ·
RE: TESLA: Does a 75% Drop Make for a Good Time to Buy
Right now market is not on a right track, choppy and sluggish.
But, I feel Tesla has a potential to recover, it just need a tweet to be effective. !PIZZA

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@emaxisonline/re-scaredycatguide-5bkfqp)
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@pizzabot ·
<center>🍕 PIZZA !


I gifted <strong>$PIZZA</strong> slices here:
@emaxisonline<sub>(3/5)</sub> tipped @scaredycatguide (x1)


<sub>Join us in <a href="https://discord.gg/hivepizza">Discord</a>!</sub></center>
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@poshtoken ·
https://twitter.com/1460818780980973570/status/1612951678700904448
<sub> The rewards earned on this comment will go directly to the people( @hivehotbot ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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@stefano.massari ·
RE: TESLA: Does a 75% Drop Make for a Good Time to Buy
I don't know if it's time to buy or not, but I admit that I'm tempted to buy

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