Thread: Tesla Stock Is Downgraded Twice. Buy GM Because of the ‘Rule of 3.’

Originally Posted by NewsFeeder

Tesla Stock Is Downgraded Twice. Buy GM Because of the ‘Rule of 3.’

Goldman Sachs and Morgan Stanley lowered their ratings on Tesla. Goldman is upbeat on General Motors.

https://finance.yahoo.com/m/42ca8446...html?.tsrc=rss

I can't, for the life of me, understand why anybody would spend $1,000 a share on Tesla, a company that is losing money still.

They manufacture a few cars. GM makes more Equinoxes than Tesla makes in all of Tesla's production, and Tesla isn't making any money.

Yet GM is $27 dollars a share, and Tesla is $950+.

shaking my head.

Because Tesla makes the best cars on the road, hands down. I do think it's too expensive right now, but the reason its that high is because investors are investing in where the company is going, not where it is at.

Originally Posted by bmneveu

Because Tesla makes the best cars on the road, hands down. I do think it's too expensive right now, but the reason its that high is because investors are investing in where the company is going, not where it is at.

And like everyone says... TSLA is a technology company, and not a car company. Doesn't justify the price, though. But, it is what it is. I just wish I would have held on to my shares I purchased in March @ 412.00. At least I made 72.61% off of that trade.