Why I Sold My Tesla Stock ...
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- Опубликовано: 3 фев 2020
- This is why I sold off half of my Tesla Stock, why I think Tesla surged in price over the last few days, and what I think for the future of the company. Enjoy! Add me on Instagram: GPStephan | PURELY FOR ENTERTAINMENT ONLY - NOT FINANCIAL ADVICE ;)
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When I bought my Tesla Model 3 in the beginning of 2019, the MOMENT I drove the car…I was in love with it. As soon as I drove home, I figured I’d throw some money into Tesla Stock, because I felt like if I loved the car this much…other people would, too - and that would bode well for the future price of Tesla. And that’s when I bought in at $260 per share.
Well…flash forward to now. Last month, Tesla was trading for $451 per share. A week later it was $537. Overnight, it jumped from $580 to $640 a share. Then from Friday to Monday…it went from $650 to $780. And then, today…from $780 to $914 by the time I’m making this video.
While the EXACT factors that contribute to this type of explosive growth are difficult to pinpoint…we do have a few topics we can look at:
First, I mentioned this in a previous video…but Tesla was the #1 most shorted stock on the market. Which, if you’re not familiar with what that is…shorting a stock is basically a BET that the price of the stock will go down - and if it DOES go down, you make money. If the stock goes UP - you LOSE money.
After all, it’s estimated that 18% of all Tesla Stocks are shorted…and given how much the stock has risen in the last week, it wouldn’t be surprising that those Tesla Short Sellers have to pay a significant amount to cover their losses - and if there aren’t enough people to SELL the stock in the first place, that would cause demand for the stock to rise fairly quickly.
Second, and this is just theory - but the overseas markets fell about 9% on Monday from health fears…and amid the selloff, their bank injected $173 billion dollars of capital into the financial system. It COULD be theorized that, maybe…as people sold off their investments in China, they looked for OTHER investments that could make up for their losses…and Tesla was one of them, given the recent run-up in price. Again, there’s no PROOF for this…but this is just merely speculation, so take that for what it’s worth.
Third, you also have another analyst who raised their price expectations for Tesla stock from $556 to $808…was definitely fueled more demand for this stock to grow even further. Not to mention, we have ANOTHER analyst who predicts a $7000 Tesla stock by 2024…and, at that point, it just becomes a free for all.
And fourth… I think there’s something to be said about the euphoria of making money, and I’m a little concerned that excitement is driving the market more than logic…and at that point, I have to question the current valuation at this moment in time.
So, given that…I ended up selling HALF of my Tesla position at $912 per share, and then I’m holding on to my other half just to see what happens. This way, I can be a completely SANE and REASONABLE Investor who isn’t afraid to take some profits off the table when the time is right…or, in other words…when I’ve more than tripled my investment in less than a year.
But, also, I’m not going to sell off everything because I still believe in them, and I think they have the potential to one day become a trillion dollar company depending on how well they continue to innovate. So, hopefully…this is the best of both worlds.
And really…no one can predict what this is going to do. I mean, we can all do our best to analyze the TRUE fundamentals of what Tesla is worth…and I’m sure each of us will have our own valuation. But, at the end of the day…it’s worth what someone else is willing to pay.
But, again…this is not financial advice. For entertainment purposes only.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Me: buys Tesla stock
*Hours Later*
Graham: Why I sold my Tesla stock
Chaks243 I literally bought it today 😂
@@accjr7118 Lol, me too!
U bought Grahams shares
@@accjr7118 At $900 a share? Damn you guys are rich
Better sell it fast
Next day: *"Breaking News, the Tesla stock crashed after an avocado toast entrepreneur urged everyone to sell"*
😂
lmao so true
Leon Hendrix - Life Of A Wantrepreneur I can only hope
I already see it going down!
Lmao
This aged well and then didn't age well
he most likely bought more $TSLA since it crashed with his profits.
@Joseph George LOTS more do now. Look at increase in Robin hood investors. Tesla is no longer a secret.
@@bluejackscanada You are so right! Damn the cats out the bag now!! No more cheap $tsla stock
For a guy that “never times the market” you timed the market pretty well.
Hmmm
This comment aged well
DEERZ Sell these shares at $900, immediately buy back in after dip, and ride haha
If only I could time travel
Graham 4 days ago: *Why Tesla is Unstoppable*
Graham 4 days later: *Why I Sold My Tesla Stock*
He went from FOMO to FUD real quick
Next video
Why shouldn't have sold have my shares
Tesla Truck FUD?
@@joshl90 I just searched it and i think it means Fear, Uncertainty and Doubt
@@joshl90 Fear , Uncertainty and Doubt
Graham was actually secretly using the "pump and dump" strategy this whole time 😎
Jose Sixx he said it was not financial advice though
well he is a market influencer now XD but careful you could get him into trouble
Fascinating
IAM going to tell his girlfriend that he was pumping and dumping
@TheBlondie *cost
Not even a day and this aged well.
Abhay Sri
Yepppers
Probably because videos like this and articles that talks about selling Tesla influences people to sell the stock which in turn drops the price.
It was obvious...
time to buy again 😁
Anyone's guess what would be a good entry point for someone not holding any Tesla stock yet?
i bought tesla stock in 2010 for 31$ a share, still holding
How many shares?
You’re the goat. I would of done the same.
David Lopez would HAVE*
Sell sell sell
120 shares
*Graham buys 1/100 of a share of Tesla*
“I invested an amount that I would feel comfortable losing”
Hahaha
How much tesla Graham had and has? I’m confused
TheBlondie
Very well said sir
have any of bought fractional shares of TSLA through any of brokerages, like Robinhood or Fidelity or F1 FInance etc?
@AnticommentWarrior I agree with you.. they produce power battery packs from residential .. all the way up to utility companies and governments. And they produce and install solar charging systems too. And I have a feeling at some point there will be a merger between SpaceX and TSLA. Then TSLA share holders will have a stake in Sarlink etc.??
you guys should definitely never buy when a stock behaves like this. The time to buy was months ago. not today
I just bought more Tesla shares after reading this.
@@ChristianBlueChimp madlad
@@ChristianBlueChimp ooof backfire
Anyone here after Tesla hit $2k 😭😂
Soon to be $5k...
You have my attention, sir. Thank you for your attention to detail, due diligence,preperation,production, content, self education, etc. Thank you for going for it with confidence, and sharing.
Plot twist: Graham wants to buy more Tesla stocks and he’s trying to make the price drop
Olivia12333 He did
Exactly
Your 'entertainment only' video seems to be much more informative and useful than most of the 'financial advice' videos. Well done, Graham! Keep it this way!
His sell was such a good timing
It depends.
Unless it goes to 2K next week
Charlie Hsu it was now it came down to 734 dollars a share
Agreed
sike
Honestly, hats off to you for the impeccable timing!
Every ad on Graham’s channel: “Lemme guess, you’re to busy to watch this ad. Uh huh”
Hahaha classic
Get the ad blocker AdBlock Plus and as if magic, no more ads ;)
@@BlockThrone Or just get RUclips Premium so everyone can profit?
Jakub Pawlowski why should youtube profit?
@@makecodgreatagain6049 At the same time, why shouldn't creators profit?
Next video: “How my $0 Tesla Car made more money than the stock itself” 🧐🤨
Bumoo J. Kim stonks
Anyone here after tesla hitting $1400😂
Yes Rahul, I'm lucky to keep my positions and actually it is now worth $1544 as I typed this messages. I bag few profits at least $5K last week. Here is my story: ruclips.net/video/Na8KZD2Roj8/видео.html
@Joseph George I am here after the split and its still going up
2600+ after split 🙋♂️
Tesla hit 2.3k 😂
SauceKayy hoping it goes back up to at least 2600 (split adjusted) soon!
First time I watched one of your videos and it was great. Learned a lot. Thanks!
In the wise words of Warren Buffet: "Be fearful when others are greedy and greedy when others are fearful."
That's a great and relevant quote!
From the guy who did not invest in Apple, Google, Amazon, Netflix and supports the management at Wells Fargo.
@@itrthho lmao, Warren Buffet got lucky. Mfer didn't invest in Google and Apple.
@@wifine1951 i think he made out pretty well with Gieco.
@@wifine1951 Because he followed his rule of not investing on what he doesn't understand. Berkshire now does own apple stock and has made plenty out of it.
People say: everything that goes up it eventually comes back down. Unless it goes into orbit, but what does Elon knows about taking things into orbit... wait, on the other hand, yeah
@@ethanswimmer1287 Truman Show
Ethan Groß no point in telling that here. They all bots
@@ethanswimmer1287 Serious question, so you guys believe there's a god or how it works? - not joking i'm actually interested to know
Ethan Groß ok buddy
Clever
You rock man. I love your delivery.
Wow what good timing, especially seeing what the stock is priced at last week. Following you now.
Next video: *How my video of Tesla stock made me more money than the actual stock itself*
hahaha
Accurate
Graham you should actually do this; love your actual numbers videos!
Not a bad idea lol
waiting for this video to happen
2040: Legend goes TSLA only tanked briefly in 2020 because Graham dumped half
@@ethanswimmer1287 OK Boomer
Ethan Groß wow people are so blind to the facts it's laughable
@@ethanswimmer1287 The oil industry has been dying, you been under a rock there bud? xD
@@OptionsFinest don't make fun of the boomer for picking rocks thats a honest man's job.. so they say...
@@thepassivecashflow1768 you're right, since trump's a strong buyer of oil we should tooooootttallllllllllllyyyyyyyyyyy be.. heh
That's awesome Graham! I day trade so I only got in for the day but made amazing gains! That rally was absolutely amazing while it lasted!!
Just saw your video now, glad you sold it when you did! I also believe strongly into the innovation of the company (don't own any Tesla products but maybe one day soon) but now that the stock has dropped, I'm definitely going to buy in.
Love the information that you bring to the table, keep up the great work!
So the price drop at the end of the day today was Graham unloading his shares. Ok got it, thanks!
Update: Wow what a smart man getting out literally right at the top
Jacob Piasky hheh lost 8k
I think the psychological barrier of $1,000 was too great and people started to sell off.
R I mean his guess is probably true
@@user-jt1jv8vl9r I knew that it would not reach $1,000/share just yet. It may get there later on this year though.
“Hey everyone Tesla is great. Go buy their stock..”
A few days later: “Hey I sold my Tesla stock”
I mean, if you followed his advice, you would have made like 70 per share
So far he has been correct on both of those statements. "Great Stock, buy" goes up 300%+ over the course of only a few months, and more than doubles in just a few days. "I'm selling because this is crazy" drops over $200 per share from peak within a day.
I mean if you bought when he posted his first video and sold when he posted this one you made like 50% in 3 days...
@MrFishbone111 you probably cant aford one stock :/ soo.. also alot of people sold yesterday
This guy traveled to the future
Brilliant video. Thank you, so much Graham!!
You had perfect timing!!!! Bravo!!!!
Going up on a Tuesday. Appreciate the post.
Dude.... you really need to get out of California! Those taxes are ridiculous man.
He can afford it with that youtuber money. Although I wonder his savings in states like Florida or Nevada that don't have state income tax.
Fiscal smarts would have him move to a state with no state income tax.
Thats not alot of tax tho...Look at Austria
commiefornia
The taxes he saves from moving out of the state is not even remotely comparable to the money he made from real estate. That's the California deal. You pay more taxes, you earn even more money. If you can't make it work please move out of the state so there's less traffic, thanks.
I really like how much you covering your videos. You have a new subscriber for sure
I've watched this video at least three times since it was posted and each time it has a very different mood surrounding it
Your one of the smart one! Take at look at TSLA historical chart every time there has been a big rally, there has been at least a 50% price drop retracement. Happened in: Oct 2013, March 2014, Sep 2014, Jul 2015, March 2016 & June 2017.
Thank you for talking about this and the whole capital gains/tax scenarios part! Very insightful!!
Excelent timing, sir!
Nice job on timing the market. You're the man.
Who else has been watching Tesla stock all day! 🙋🏻♂️😁
It’s been crazy!
Yeah for real
ALL TIME HIGH
I've been watching Tesla for about 10 years... starting at $60 lol... yes my eyes do go crossed when I think about where it's at now... but there has been a lot of ups and downs along the way... including near bankruptcies resulting in Elon injecting capital. It's not for the feint of heart, that's forsure!
@@HolyElkGaming imagine if you had bought thousands of shares at that price.
Am I the only one or is Graham's timing Incredible. only 3 hours after he sold off hes Tesla Stock, the Stock Price dramatically dropped down from *955* to *872*
If you're in desperate need of money, then it was a good time to sell. If not, then it would be better to hold on for the long run.
@@ChristianBlueChimp Or it could be overpriced, considering competitors, debt, and actual earning potential. You can ride a stock to bankruptcy as well.
Thanks for this financial advice
Hindsight is always 20/20....but damn did you make the right move here or what?! At the beginning of the video I was thinking to myself "Graham nooooo short term capital gains, there goes the 15% tax rate". Then I watched a little further to realize that your income is quite large so you would paying 20% for LTCG and will have the additional AMT anyway. You also followed a very good investment principle which is "Don't let the tax tail wag the dog." I really enjoy your channel and the content you are putting out is spot on (coming from a practicing CFP). Keep up the great work!
This man will talk about his income but not tell us how much he put into Tesla.
trying to avoid SEC violations or whatever. Probably for the best
I believe in a earlier video he mentioned 260 shares but I’m not completely sure
@Robin Raidon Pettersson Do you mind sharing where we can find this public information about the identity of investors?
@@skepticmoderate5790 .
LOL. He may be secret about what cereal he eats. But He will share how much his paychecks are.
Next Video : Why I Regret selling my Tesla Stock.
Lol
I hope lmao, i bought an option yesterday. but long as it doesn't go lower than 825, i'll be okay
😂
indeed there are going to be tons of those
No regrets on profits! 😬😀
It is double the price of that now🤔
Graham, your sell timing was impeccable.
Agree that this is a reasonable financial decision.
The turnaround on this video is nuts! Graham is literally uploading the video while still filming!
I worked all day for this!
You are making me feel like I should sell my tesla stocks ....
Spaceballs "this part of the movie is now."
Graham, absolutely fantastic video. I am so impressed with your knowledge on this. Im in my last year of business school and everything you said is so accurate, having a bias, the intrinsic value, to the timing, and tax information. I've always hated school and here you are, a successful business man and entrepreneur (pretty much with youtube and everything). Just goes to show I wasted a lot of time and lost a lot of money and opportunities just to have a piece of paper that says I'm not a complete idiot. Cheers Graham. Oh and i sold my tesla stock at 350 thinking that the inevitable bears will bring the stock back down. Well, I was completely wrong. Thanks, and I love every video you've made!
Great move Graham. Similar gains and still holding large position on this great company.
That dip today got me good.
Was waiting to hear what you had to say!
What dip
Yeah I had an option call that wasn’t fond of that dip lol
urbexloner right before the market closed. Everyone sold off (I’d imagine) so sell orders for good amounts didn’t go through. Praying it can break 1k tomorrow, but that’s a far stretch lol
Eric Matt lol- right!
I bought tsla at $80 and sold at $120 just giving everyone someone to laugh at here I am.
I bought tsla on a simulation trading account (now up 130%) and didn't buy any for real. So laugh at me even harder xD
how many shares?
Taking 50% profit is nothing to be ashamed of. I sometimes take a 10% gain.
graham you absolutely NAILED it. I dunno what will happen long term, but what a great call
Niiice good thing you secured some of those profits with this mornings dip!
I sold at $911 and got home in the evening and saw this video. I was so happy that you sold as well. It seems a bit inflated above logic. I will buy back in when it corrects because I love the company
Same, sold at 915 and I'll buy back in when it corrects. Happy with the profits for sure.
I really want to try stocks, little startled by it though
FBI Same I really don’t know anything
Mateo Ruffo Same, seems very interesting to learn, do and learn the risks to do. Oh wait, I’m 17...
at what price would you see it as corrected?
This didn’t age well.
lmao yeah,
Your timing is incredible. It's just like when you bought the houses that were less than three cost ti build them. Everything you touch turns to gold. Yep you're a good source for financial advice.
Good on you for holding onto them for that long. The stock feels increasingly volatile these days, i'd definitely sell some now. You made a great deal of profit either way. I have no doubt the stock will keep climbing.
I sold off 15% of my APPL stock at $200 because I had doubled my $ but really glad I kept the other 85%.
Had to rewind when you said stonk. I was like did he just...stonk? I love stonks
I LOVE STONKS 🥰
I smell a collab video
Sorry for your loss
Awesome info
The man knows the mother of all short squeezes when he sees it.
I almost sold but I got greedy! Darn! Oh well holding for long term.
February : why i sold my tesla stock at 912
April: why i bouht back in at 619
August : why i sold at 1689
And so on.... wonder how close ill be
Tesla long too mars baby
We’ll see!!
Take the money & run! More than likely you'll be unable to buy back in.
@@flyguy1527 Unable to buy back in? Why?
You can always buy back in. You just don’t know how much you’ll have to pay.
@@sgbench It'll more than likely be too overvalued in price for short term profit.
You timed it almost perfectly. Congrats
Man bro! You hit the nail on the head with this one 👍
Sold mine as well, I will buy back in sometime in the future. I bought at 260 so it was hard to keep watching.
Next vid: Why Im leaving the state of California
Video after that : Why I moved to Florida
The Greek God of Wall Street ha. He would never move to the swamp
"Why I'm moving all my money to a swiss bank"
LOL
@@samiamor3955 0% state income tax, tropical climate, cheaper real estate, and beautiful beachfront mansions. At least that's why I'd move there.
Buy low sell high! Graham sold high and now it dropped 20% in two days! Well done!!
Good timing
Wow that’s a crazy return in less than a year! The kind of returns I want to talk about on my own channel one day 🙌
🙌🏼
Commenting for the youtube algorithms
suhail aljafari LMAOOO
Ayy you did what i mentioned on the other vid, best thing to do man just buy some back when it gets cheaper
Good video bro!
I'm keeping my shares, I don't care if it has a huge drop tomorrow. The potential of Teslas future is massive
Dennis H idiot
Sell them now they buy again. I mean profit?
Yeah because timing the market is easy.
I'm holding, and we will see in 10 years who the idiot is @pinoEE
@@strongcoffee3243 hard to do that
Hold it, Tesla is like the next Amazon and Netflix in the next decade. It's a technology company, not just a regular car company so it trades higher.
This is so comforting! I sold mine today at $900 a share (bought at $240) and had the same intention to continue holding. Sold it and wasn’t sure whether I regretted it or not. (May buy again if it crashes) Thanks for the video!!!!!
I think it will crash look at the 5 year and 1 year chart
Evan's Growth Journey should’ve held on, you should hop on reddit to see retards are still buying in
Evan's Growth Journey either way you locked in profits which is a good thing and is very commendable so good job
Gustavo Cervantes You might be spot on!
Ruthless Lawn Gnome Absolutely🤙🏻. I’ll definitely be continuing my investments in mutual funds. It’s hilarious how much Tesla has caused me to take a 12% return for granted😂😂
You were smart to do so!
Will check this video next year 😉
You've done the exact opposite of meet Kevin, really interesting to watch both your views. And both great videos BTW.
3500+ pre split share price now...
Great timing!
So far!
Great Timing
Good call Graham.
Graham: I promise last Tesla video for a while
.......
3 days later: “Why I Bought My Tesla Stock Back”
I sold 90% of my Tesla shares at $958.31. I am officially retired.
tigeroll lol
That's awesome how many shares did you sell if you don't mind me asking? I had bought 10 at 211 and I sold at 240 :(
Rand Y you deserve that for holding it for such a short time
@@mexicanpistolero true, 300$ profit was big for me...being pretty new at the stock market. I wish I would of held it longer though, RIP.
@Chinologyy profit is profit. It could've gone down to 100
On a Tuesday I didn't look at the video yet but based on the title you're throwing me a loof
Great TIming!
lol graham’s a genius, he unintentionally manipulates the stock market through his social influence.
Preston Miller no not at all
well you can do your own research man. It’s not crazy to think that the people who buy stocks stay very informed with every type of media about their stocks.
Preston Miller lmao you think a video that got 200k views was enough to drive a stock up 40% and up almost $300 in 2 days?😂
Lol this guy definitely did not drive the stock to plummet 20%
i am here before 10k views!
Can i get my THIRD heart from Graham?
I always smash that like button!
Done!!
@@GrahamStephan Hey Graham, how much did you net after taxes?
Can we get less as breaks? I love your channel. I learn a lot. And I love supporting you by going through ads. But dang! That was a lot of ads. And yes, I always tap that like for the RUclips algorithm.
Very entertaining thanks😉
Hey man I found your videos when my credit was just about 630 and started budgeting and learning about credit cards now my credit limit went from $2,500 to $12,300 and my credit score is now 735
You did well, young man. After today’s drop you’re looking like a genius!!!
I like this video so much, I smashed the like button twice!
I doubled smashed the like button for the RUclips algorithm !! Good video
I’m just here checking how you are doing.
Since you're usually pretty open about this sort of thing, could you tell us how many shares you had?
Ha ha!! Watched this yesterday. Great timing!!! (“Never try to time the market” - Graham Stephan)
Perfect timing. Well played.