LogFAQs > #970438424

my brother-in-law bought is so convinced that tesla is gonna go up, he bought it at 190, at 170, 140, and 120. He said if it gets to 100 he's gonna buy more but he's starting to get nervous.

Like, I don't get some people. Tesla was like 60 peak pre-pandemic and was 16-20 range for 6 years before that. Back then Tesla was considered top notch driving technology. Nowadays their reputation is going down for being cheaply built cars, all while every manufacturer has EV in the pipeline.

Using myself as an example, I was dead set on buying a tesla about a year ago. The more I learned about it the more I wanted to wait it out and see what other manufacturers had to offer. Fast forward a year and I'm pretty set on not buying a tesla. Will likely wait for Toyota's hybrid or EV line. I know a few other people who thought the same thing.

Like I don't get why you would allocate so much money into a high risk, moderate reward situation. Theres just so many better options.

This guy is also convinced that technical analysis is the way to go. I'm just like breh....