Prediction: Tesla will finish the year down 30%
Let’s wait and see how this one goes. If I wrote this column a week ago, I would have said Tesla looked like an excellent bet to be down 30% by year end. But shares jumped more than 10% this week on its positive second-quarter news. Despite the high numbers for vehicle deliveries, it has been a volatile year for Tesla shareholders, with prices down 42% at one point. Our central thesis was that decreased profit margins and increased competition would lead to lower profit projections. That still feels solid to me.
Prediction: Crypto might be volatile, but could finish 2024 up 50%
This one hit the bullseye. After going on a tear in February, bitcoin was down almost 20% between mid-March and the beginning of May.
Overall, bitcoin only has to go up slightly over the next six months to meet that 50% return prediction. Of course, I believe the…
