How many of u are holding or selling your tesla stock to buy a cybertruck on reservation day?

[FullyGrounded]

So like the title says im curious to see how many people are willing to make the hard choice weather to sell their tesla stock when the cyber truck does come out so they dont miss there reservation if and when it does start going into production late next year 2021 or plan to just cancel the reservation just to keep holding in hopes of making alot more money in the stock over the long term 5-10 years of holding the stock .

It would be sad to see so many people divest in Tesla, just to buy into their product. I saw one person that is investing in bitcoin to buy their CT. I'm very hopeful everyone's dreams come true. For me, I generate revenue from the market. I will pay cash for my CT. peace

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[craz]

That was the original plan, but I’ll probably end up selling them for a down payment on a home. At the rate the stock price is increasing, I probably can’t afford to buy many more stocks by then anyways ?

 

[drcarric2650]

When I ordered my CT, I put $34K into tesla stock, figuring that if the CT does come out, that the tesla stock would be higher. Given that the stock has increased 5 fold (so far), I'm not going to have any issues sell some of the stock to pay for the CT in full.

Don

 

[KingBee74]

So like the title says im curious to see how many people are willing to make the hard choice weather to sell their tesla stock when the cyber truck does come out so they dont miss there reservation if and when it does start going into production late next year 2021 or plan to just cancel the reservation just to keep holding in hopes of making alot more money in the stock over the long term 5-10 years of holding the stock .

If possible get a loan and sell enough stock as you go along to pay the loan. Over the last year this would have made a whole lot more sense than getting out of the stock.

 

[Crissa]

If possible get a loan and sell enough stock as you go along to pay the loan. Over the last year this would have made a whole lot more sense than getting out of the stock.

That just sounds like a Rube Goldberg contraption.

If you had the money to pay off the loan, just buy more stock.

-Crissa

 

[MEDICALJMP]

Goldman Sachs Upgrades Tesla (TSLA) to Buy, PT to $780 on Improved LT Sales Outlook and Margin Expansion
December 2, 2020 5:37 PM



The analyst comments "We believe that battery prices are falling faster than we previously expected which improves the economics of EV ownership, and there has recently been an increase in regulatory proposals from some jurisdictions to limit or ban the sale of new internal combustion engine (ICE) vehicles entirely in 10-20 years. As a result, in conjunction with our global colleagues, we are raising our outlook for EV adoption and now expect EVs to comprise 18% of sales globally in 2030 and 29% in 2035 (with 50% adoption in 2035 in both the US and in Western Europe)."

"We also believe that the momentum behind EVs from both an economic and regulatory perspective is leading to a higher probability of our upside-case EV adoption scenario that calls for 26% global EV adoption in 2030 and 40% in 2035 (with 66% in the USA and 60% in Western Europe)," it was added.

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $584.76 yesterday.

https://www.streetinsider.com/dr/news.php?id=17675872

 

[Iacemoe]

Will hold my shares as they are in my sep/ Ira. So if I spend them next year it’ll cost anther 30% worth of taxes.
Use private money to pay for it now and live off the retirement money when I actually retire with no additional income.
Rick

This is the way.

But seriously, i might finally sell some shares if it goes over $700 on inclusion day. Not all of them... but damn you have to take profits at some point. (Non IRA)

 

[T3slaDad]

I have some stock that I'm holding for life, but I bought more after the announcement to sell when I purchase my CT as a growth investment. It is doing so well that I have a change of plans: keep that stock growing at amazing rates and be happy with my practically free super low interest car loan when the CT arrives ?

 

[happy intruder]

I had a measly 60 shares until the split.....I was going to keep them but I will sell enough to pay cash and keep the rest........on second thought, if the stock keeps going up, I will keep the stock and finance at cheap rate and watch the stock grow

 

[ajdelange]

Obviously what one does at the time depends on what is going on in one's portfolio, life, and the market at the time. Clearly if TSLA is still growing at a healthy rate it is better to borrow the money and keep the stock. You don't have to pay tax on your profits that way. This tax is no small consideration depending on whether you have been trading within an IRA or an ordinary account, whether the gains are long or short term... If you are an old geezer like me you will have quite a bit in cash and so use that or sell a T-bill to pay for it.

 

[xodarap1]

I'll be taking out the original amount that I put into Tesla stock to put down on the truck and keeping 100% of the profits right in Tesla stock to let it ride until retirement. Nothing to risk at all.

 

[SEER]

Just decided I’ll be buying my CT’s with bitcoin! Changed my vote to hold.

 

[Gvardaman]

I had purchased a handful of shares prior to the announcement of the split and figured I would sell them towards the down payment, if/when the time came for my CT.
Then the split and the meteoric rise and I am debating keeping it in, longer term. It will mostly depend on our financial situation when the time comes, but I would like to hold 0n to some of my Tesla shares.
I used to do this same thing with Apple shares, every couple of years, I’d sell enough to buy a new computer. The stock kept gaining, so the amount in my portfolio barely changed and I felt like I was getting my computer upgrade fix virtually for free!