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My investment in Tesla
26 May 2021 (597 views)

I held 400 Tesla shares at a cost of $640. 

After the financial results for 1Q 2021 was announced, the price went up to $780 on Apr 13. I wanted to sell my shares at $800 or over. It never reached this price.

At $800, I would have made a profit of $64,000. 

Instead, the price dropped to $560 on May 19. At that time, I showed a loss of $32,000 USD. Frightened or not?

When the price hit $605 on 25 May, I sold 100 shares (realized loss of $3,500) and kept 300 shares. 

The recent price performance was disappointing. 

I still remain confident that the next news will be positive for the share price. Shhhh, that confidence is somewhat reduced.

Tan Kin Lian


 


My investment in Tesla
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I held 400 Tesla shares at a cost of $640. 

After the financial results for 1Q 2021 was announced, the price went up to $780 on Apr 13. I wanted to sell my shares at $800 or over. It never reached this price.

At $800, I would have made a profit of $64,000. 

Instead, the price dropped to $560 on May 19. At that time, I showed a loss of $32,000 USD. Frightened or not?

When the price hit $605 on 25 May, I sold 100 shares (realized loss of $3,500) and kept 300 shares. 

The recent price performance was disappointing. 

I still remain confident that the next news will be positive for the share price. Shhhh, that confidence is somewhat reduced.

Tan Kin Lian