Tesla stock

The last two posts both have good general investing advice.
Both will also guarantee that you will miss innovative companies.

There is a big difference between value investing, and investing in disruptive companies. Both are valid methods of investing.
Value investing is safer, and young, potentially disruptive companies are far riskier.

In general, I am much more of a safe dividend investor.
However, Tesla has an awesome mission statement, which I fully support.
They have engineers in charge of the company, rather than bureaucrats.
Their products are phenomenal!
Are they perfect? No, they aren’t. But in my opinion, for my lifestyle, they are the best overall product available in the personal transportation market today, at any price.

I support the company and their mission, by buying their products, as well as their stock.
The company has rewarded me far more than I have invested, but to support their mission, I wouldn’t care if it didn’t.

 

my finacial adviser told me not to buy tesla at $200. a couple years ago. fired him too.

 

You should have kept him. A couple of years ago the stock was only selling at $55. $200 would have been outrageous in 2019. It did not hit $200 till June of last year.



Dan

 

Gotta love this company. Today's vitals for TSLA show that mkt cap has fallen from over $850 Billion to only $550B in just 2 months. Wow.

Open 600.55
High 620.12
Low 565.00
Mkt cap 550.92B
P/E ratio 901.61
Div yield -
Prev close 597.95
52-wk high 900.40
52-wk low 70.10

 

that in just the last year alone TSLA is up 4.6x.

Wow, you are right, that is amazingly good!

 

are you looking at the pre split price?

 

Most year & multi-year TSLA owners have never had a year of ownership without hearing the naysayers report gloom & doom .... to the Chagrin of many a short seller. Here's a challenge for those who think it's such a bad investment;
If I sell $10K worth on nay-sayer's Doom&Gloom advise ..... who here will pay me just 10% of the amount they are wrong, should TSLA go up during the following 12 months. AND - if it goes down next 12? I can pay you the 10% you saved me.
Any takers, and in writing?

.

 

this is almost as bad as chronon in the vax thread, now the anti vaxxer thread

 

You won't get me to bet on that for one simple reason. The stock price has no foundation in economics. It's purely speculation, and quite possibly manipulation. It's as likely to go up as it is to go down, based on the confidence and / or money lust of those who are buying the stock.

Dan

 

It's like going to an Indian casino with a comped room and a bunch of free drinks with discounted food ..... pure entertainment for some, only you don't have to breathe the obnoxious cigarette smoke.

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There will always be two sides on any transaction or any potential transaction. There are investors, there are traders, there are fan-bois and naysayers, and there also exists those who are something in-between.

Regardless of how much a company is liked or disliked, believed in or not believed in, sometimes those in-betweeners are a little bit more objective and have a bit of clarity of mind from both sides of the aisle. At some point, the value of a company is reflected in their stock price. Anyone who owned GME or AMC during the spike and didn't sell were fools or greedy or perhaps in the hospital in coma. MANY people lost a tremendous amount of money and many people made a tremendous amount of money. Those stocks will bounce around for a short time and then will find true value, and many people will be very disappointed and very broke.

In the big picture, is TSLA a good company? Perhaps. Are there currently dozens of young up and coming competitors? Certainly. Are there several older, more established deep pocket competitors that are dumping cubic miles of cash into development? You can bet you buttocks. Many say TSLA is miles ahead of everyone else and deserved the $900/share price. Maybe that's true. Maybe it isn't. When I really thought about it, I just couldn't justify not selling it during what I considered to a unreasonable positive spike. What happens to a $900 share price when the pie gets divided among 30 players?

As for being miles ahead of everyone else.....think of all the Asian car companies and their initial products when they first came to the states. I remember when Hyundai first came to the states. Look at them now. I remember early Honda models and the Honda motorcycles. Everyone thought American products were miles ahead and they were...for a while.

It's a tough decision to make. The world would be a boring place if we were all the same or all thought alike....

 

Actually?
TSLA represents just about the purest form of economics, and the REASON that it's not 'gambling' is the very fact that there ARE shorters and nay-sayers.

EVangelists are always crying about how poor widdle teswa got picked on by those mean old hedge funders, but shorters are the 'insurance policy' that more or less ensures that TSLA really does have actual real-world value.

Otherwise?
They would be wildly over-valued.....sorta like a brick and mortar store that sells electronics and software.....in a lot of shopping malls.

A share of TSLA is worth approximately 'x' where 'x' is what somebody is willing to pay for it.
There are a lot of external forces working on the economy...Rona....dot.gov....people yelling "fire!" in crowded Tesla parking lots....etc.
BUT.....it's all still economics.
Economics is the social science that studies how people interact with value, which may be summed up in one word.....UNPREDICTABLY.

 

It's the epitome of gambling. You have those betting on the player, those betting against and those betting on the come line. Right? The bank (the stock brokerages) always get their vigorish, no matter who buys or sells.

Like Hill said. It's like going into an Indian Casino.

Dan

 

So non-Native-America casinos are better?

 

Because most of them fall under local jurisdictions that don't allow smoking.
..... so yea - that's right

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all stocks are gambling, there's no difference. wall street is a ponzi scheme.

as long as the money is flowing in, it's all good

 

Do any Nevada jurisdictions not allow smoking?

Some news items indicates that Vegas got is very first smoke-free casino less than six months ago -- months after many Tribal casinos in various states went smoke-free as part of their re-openings. Though apparently a small number of Tribal casinos were already smoke-free before the pandemic closings.

Nice attempt at a save though ...

 

shortly? i saw what you did there

 

We all have investment wants, and we want them to be risk-free. But that's not life. Side liners scoff at those who fail, & scoff at those that succeed. Scoffers gonna scoff.
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