is now a good time to buy? [serious]
So you're looking at a company that just lost, $1+ Billion in one quarter. Tesla had $3 Billion in cash about half-a-year ago, but that's a LOT of its warchest that just evaporated.
Tesla seems to have screwed itself over: the Model Y hype may be destroying the Model 3 demand. The Model 3 is a sedan, and sedans are selling very, very poorly in the USA (across the board: Ford and GM have eradicated their sedan lines). Tesla should have worked on and released the Y first into the lucrative SUV market... but I guess no one can blame them for failing to have a crystal ball.
The drop in demand is very worrying for sure. Tesla is supposed to be a growth company, and a 30% drop in deliveries is anything but growth.
Don’t think of a share price as speculation, think of it as speculating about other people’s speculations.
On the other hand, a company with zero self-driving cars in the hands of consumers is supposedly being values in capital raises at $75 billion, while VW is about to pour $50 billion into their EV efforts. Tesla is way ahead of them in adopted augmented driving, battery chemistry (which is theirs, not Panasonics) and electric drivetrains.
In terms of cars, absolutely. The Model 3 SR+ is awesome. I have a MR and love it.
With my resume out of the way: if you have to ask on Hacker News whether or not to buy TSLA, then don't. A lot of what drives that price up or down is drama, not financials or technical charting. If you like to buy your stocks based on what the Kardashians are up to this week, maybe pick up 100 shares. But seriously, just stay the hell away. You want to roll dice right now, go buy BA.
The best move is to not play. There are literally thousands of other companies in the public market that are actually run by decent people. Musk clearly wants to "burn the shorts" and is willing to go to war with anyone who takes the bear bet.
That's fine, just don't play the game at all. Buy and sell stocks from a more reputable company.