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I bought in last week at $0.48 on the beta test press release.
It went to $0.82 late yesterday. If it goes to $0.90+ this week, I wouldn't be surprised to see it at $1.50 by sometime next week.
It could also easily lose momentum and hang out around $0.50 until the next update on the beta testing though and then it'll depend on those results.
The company is Cannabix Technologies. The basic concept is they created a breathalizer for THC. If the testing proves its effectiveness it would have a huge market in law enforcement, employers, and schools regardless of whether cannabis is legalized or remains illegal. The upside is pretty big on a relatively small purchase price, and since the test is underway now, there is a fairly definitive timeline of when it will either put up or shut up.
I wouldn't bet the farm on it or anything, but it has some real potential if this beta test go well.
Now 8,300% overvalued (compared to industry average P/E)
How high will it go?
So 10,100% overvalued
or 3.75 times more valuable than Toyota?
(Toyota sold 10.7 million units in 2019, Tesla sold 0.37 million)
Pit Row
Toyota will most likely go out of business around 2030-2035, sales down to 0.
Tesla sales will go from 0.37 million to 40.31 in that same time span to justify the market cap of 800/share, an increase of 108 times.
Soooo a unit sales increase of 7.2 to 10.8 times sales per year for the next decade to reach that goal.
How are they doing this year? From Jan-Sep sales were 0.32 million. So at that pace lets say sales in 2020 end up 0.40 million units, an increase of 0.03 million from 2019. Uh oh, Tesla should have had sold 2.66 - 3.70 million units this year to be on track for that goal.
I don't think software services and insurance are going to make up for the rest of the 10X growth per year they're going to need.
From what I've seen, solar is a looser that needs a lot of government $$ to make up the difference.
Saying Tesla is going to buy Toyota is like saying my local Quick-E Mart is going to buy Walmart. I think Toyota would be the buyer in that scenario.
I'm not saying Tesla isnt going to be a success, but the numbers it is producing at the moment doesn't justify the hype and the price. I guess as long as when you buy it you're aware that you're actually buying the theory at the moment and nothing tangible then its fine.
As far as Toyota, if anybody thinks they aren't also on the cutting edge of electric car development then i think they're grossly underestimating them. Just because there's no once a year showcase of a new model coming down the pipeline in who knows how many years time doesnt mean the product isnt there. In the meantime they'll sell Millions of ICE and hybrid cars and make profit doing so.
Now all together now..... thank you federal reserve bank for diluting the dollar and pushing up asset prices.
No pain for billionaires
Post a reply to: Market testing the lows from Oct