Question

My Tesla stock is up over 99%! What do I do?!? Just let it ride?  

Answer 1

Tesla is too risky for me

Answer 2

Buy baby buy! But buy a put, just in case.  

Answer 3

Without giving you a crazy long winded analysis. TSLA is a stock you trade, not invest in. Being up 100% in any stock in a year is a time to give pause and say “am I being greedy now? ” I would highly recommend that you trim that position especially if you’re already locked in for long term capital gains. Could the stock climb higher? Of course. But TSLA has a history of screwing long time investors and favoring traders. You need to exhibit extreme caution at these levels as it could easily lose 50% in half the time it took to go up 100%

Comments

@booted it’s at all time highs. Long time investors made money.  

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@booted trim from 1. 6 shares though?  

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@diaphane97886 oh no no not that haha

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@flinn yea after a 100% jump in a few months time. Does that sound normal or sustainable? Thankspically the answer is = nope. Long term investors only just “made” money, whereas they’ve been out of the money far more often and could very quickly find themselves there again

Answer 4

I bought Tesla when it was low too, but sold a while ago. Should have kept it in hindsight, but that's not how we live. I'd sell unless this is a small portion of your portfolio, I keep less than 10% in sector funds or individual stock. But that's just me.  

Comments

@vegetation it’s just play money really. Just getting my feet wet this past year or so investing on my own. Forgive the newbie question but if I sell how, I have to pay tax on the gains, right? I’ve never sold a stock! Just keep buying!  

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If it is in a taxable account, yes. Look up short term vs long term capital gains. Also look at the brackets for capital gains, some could be at 0% depending on your income.  

Answer 5

You’ll pay tax on the gain unless it’s in a qualified account.  

Answer 6

The future for Tesla is bright! The disruption model is HUGE. I’m a buy

Answer 7

I own a lot of this stock and am holding for the long haul - this company is more than just cars. It’s battery technology. It’s autonomous technology. It’s software. Maybe one day ever airplanes (not joking). I am holding forever. If you rather, I say take back you initial investment plus 10% and let the rest ride.  

Comments

To me - Tesla has been building itself up like Amazon did in the early years. Investing in what it believes in and soon it’s going to start reaping the benefits from years of hard work, investments, and brain power.  

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@flinn I totally agree with you on this!  

Answer 8

It seems like you bought it as an experiment, so I would let it ride as an experiment. If you're trading individual stocks, chances are the loss of this $700 wont kill you and the gain of $350 isnt going to send you on any vacations. I would hold

Answer 9

What app is this?  

Comments

@nimesh Stash. The guys on the show did NOT like it, but I already had an account. User friendly for a newbie like me.  

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I like the clean UI gonna check it out thanks

Answer 10

Looks overweighted. Probably should sell . 8 of your 1. 6 shares lol

Answer 11

Yeah. Literally u have like 1 stock.  

Answer 12

Yeah, 17% of your portfolio? Time to sell and bring it down to 5%

Answer 13

In all seriousness though, if you're just starting out I'd probably recommend dipping your toes in ETFs first. Putting all your eggs in one basket like that is pretty risky and if you have an ETF you'll get exposure from other areas. If you really like Tesla you can look up ETFs that hold them.  
https://etfdb.com/stock/TSLA/