Abstract: Explain the reasons of buying US stock Tesla (TSLA) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on May 23. The details are as follows:
Bought stock
Image source: https://seekingalpha.com/symbol/TSLA/chart
Reasons for buying Tesla
I saw Tesla drop to about US$650 the day before, and I was considering buying it, so I set a buy at US$640 before the market opened and it turned to be executed successfully soon after the market opened. The reason for this drop seems to be due to the old scandal of Elon Musk. Since it is old and scandalous, I think it should have no impact on the fundamentals of the company. So I decided to buy at a low price with this simple idea. I still have full confidence in Tesla’s long-term development. But having said that, the stock prices of other companies with better profits have fallen sharply, so Tesla’s valuation is relatively high, and it is quite normal to record a sharp decline at any time. Be mentally prepared if you decide to buy.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
