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No. of Recommendations: 2
I bought some TSLA early this year, before the split.

Congratulations! You've done very well.

As we approach inclusion into the S&P is it time to take some profit? Does anyone have the view that this price is not sustainable? I am a fan of the car and the company, but this current market cap looks like bubble territory.

Beats me! I have been heavily invested in Tesla for years now, and my profits this year have been astounding. Other years not so much.

Tesla is growing exponentially (at least 50%/year), and will continue to do so for many years. Whether the stock price continues to reflect that reliably is unknown. It hasn't in the past.

Right now, over the next couple of months, all I see is good news (for the stock price) events: S&P inclusion reducing the available float by at least 15%; window dressing purchases by funds into the end of the year; upgraded bond rating to investment grade; upside surprise on 4th quarter production and delivery numbers; upside surprise on earnings. All of these will likely conspire to support the stock price. But will it? Nobody knows.

So what you should do depends on your time horizon and your goals. But regardless, you have to ask yourself a question -- do you feel lucky? If you sell now, due to a perceived bubble, will you have the prescience to get back in at the right time? Historically, very few people get that right.

Me, I'm sitting on what I've got and I'm confident it will be worth more a year from now (barring macro disasters).

-IGU-
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