How long until $TSLA Recovers? Will it Ever Reclaim All-Time Highs?
Ah, the question everyone has been asking, how long until $TSLA recovers? For people new to Tesla stock, the recent drops in price may seem insanely drastic. They may even sell at a significant loss and write off a future investment in the EV maker for good. Well, let’s take a look at what some of the people closest to Tesla have to say.
How Long Until $TSLA Recovers?
First things first, it has to be noted that 2022 has been one of the worst years in the stock market in history. Economic downturn, geo-political tension, politicians’ greed and war between Russian and Ukraine has all contributed to a global demise.
Another vital factor that cannot be overlooked is the artificially-inflated stock market from May 2020 to November 2021 that tricked the average investor into thinking the stock market only goes up.
Prefacing with those factors, let’s take a look at what some of the tried and true Tesla investors have to say.
Squawksquare’s $TSLA Stock Prediction
Impressive day. High volume and it held the green all day. Tax selling is now over for the year in the stock market and I’m positive we’ll see a retest of the $116 tomorrow and potentially higher. $TSLA
— squawksquare (@squawksquare) December 28, 2022
Squawksquare is one of my favorite Tesla traders to follow on Twitter. However, his tweets can be so erratic and emotional that even Elon Musk has him blocked.
With that said, he knows his stuff. He works a full-time job but also trades Tesla ($TSLA) stock every day the market is open. I’ve personally see him make $20,000 on the stock in a matter of days, sometimes hours.
Squawksquare has made references that he’s done buying Tesla stock in his margin account, instead opting to only keep cash shares. This signifies that he thinks the bottom for Tesla stock is near, but perhaps hasn’t quite bounced for good yet.
However, a tweet from Dec. 28, shows that Squawk believes there’s enough positive catalysts for Tesla to recover some going into Q4 earnings, which are set to post in late Jan. of 2023.
Gary Black’s Tesla Stock Prediction
$TSLA catalysts – 12/23
1/ FSD V11 beta wide release Dec
2/ TSLA 4Q delivs/product’n Jan
3/ TWTR CEO announcement Jan
4/ $7,500 EV credit into effect 1Q
5/ New gigas (UK, N America) 1Q
6/ TSLA $10B buyback 1Q
7/ Cytruck launch mid-FY’23
8/ $30K EV Launch mid-FY’24
$400 PT 6-12 mo— Gary Black (@garyblack00) December 23, 2022
Gary Black is another “best of Tesla” investors to follow. His rationale is less sentiment based and more numbers based. His tweets are informative and he always makes public his price target for Tesla.
Gary predicts that within 6-12 months, the stock will be at $400 per share. This is a significant mountain to climb for a stock that seems past its “COVID glory days.” However, I believe Gary’s number is accurate.
With that said, I think it may be closer to 18 months, which is more aligned with Elon Musk’s end of recession prediction highlighted here.
Elon Musk says that there’s a recession coming in 2023. And economy will improve in Q2 of 2024. @elonmusk pic.twitter.com/A58FFEEU2Y
— Pranay Pathole (@PPathole) December 27, 2022
Of course, tech stocks generally swing up before the recession is officially called over, meaning a likely prediction that the much-anticipated bull market could return in late 2023.
Finally, let’s take a look at the most bullish Tesla investor in my opinion.
You don’t have to do much to be a successful Tesla investor. Just buy shares whenever you have funds (yes, even at what may be all time high) and don’t touch your portfolio. The more you mess with it (trading, options, margin, timing), the worse you will do in the long run. $TSLA
— Jason DeBolt ⚡️ (@jasondebolt) December 26, 2022
DeBolt is so bullish on Tesla that he’s even willing to sell his house to buy more shares of the EV giant.
Just sold 2% of my $TSLA to stay below 20% margin balance. Painful but necessary. Better to sell a bit now rather than wait to get margin called at a lower price. Will buy back these shares after selling my house. First time I’ve sold $TSLA since margin called in 2018.
— Jason DeBolt ⚡️ (@jasondebolt) December 22, 2022
This is good news for Tesla investors. DeBolt has been seen posting massive returns when the stock rises.
No pain, no gain right?
As for my personal prediction, I’ll side with a slightly more conservative approach than Gary Black’s $400 PT.
My $TSLA prediction: $300 by Dec. of 2023.
Let me know your predictions in the comment section bellow.
[…] Cybertruck, slated to launch late this year. Though, it must be said, Tesla might take some time to recover from their drastic 40% decline since late September […]
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.