$TSLA

Sig said:
Elon is full of himself and a shitshow when it comes to running operations at any company. But he did create Paypal and SpaceX. And made Tesla what it is today. I had the good fortune to be able to do a deep dive into Tesla in 2007 as an MBA project back when no-one outside of the valley knew anything about it. Got to spend time in San Carlos in their little original office space/manufacturing building and spend several hours talking to several of the CXX level folks. All of whom Elon fired a short time later, in yet another jerk move. But I have little doubt that if Elon had no involvement with Tesla it would either be one of dozens of failed electric car startups, or if they were really good a very niche company that made a few thousand cars a year at most right now. In fact I dusted off my paper recently and that's exactly what I said contemporaneously, their best hope was being bought by another car manufacturer which was their exit plan at the time. You don't have to like Elon or his methods, I certainly don't. But trying to say he hasn't accomplished much is just absurd, even when it comes to Tesla.
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I never said he wasn't pivotal, but I do have a real problem w/his shtick of trying to rewrite history to claim the glory. Tesla would've likely been defunct by now if it hadn't been for the guy's cash infusion & uncanny ability to do nothing wrong in the public's eyes and monetizing/landing contracts on that ability.

I have no real beef w/his SpaceX or Paypal involvement as am unfamiliar and seems to be mostly on the "up and up" from an ethical standpoint.

I followed Tesla back from their lotus/AC propulsion days so am most familiar with that operation. Here's another beauty few remember:

https://www.wired.com/2012/02/tesla-vs-top-gear/
 
Musk is a genius and, like others in that rare space, is probably insufferable to be around. Good news is, I don't have to hang around him, I just buy his vision and follow through. Paypal, Tesla, Space X,... those are major achievements regardless of the palace intrigues.
And while most continue to want to value Tsla on its cars, Musk is already several levels beyond building his grand project and apparently more and more people like me are buying into it.
I'm not a sophisticated trader, all I do is buy and sell stocks, mostly Tsla. Up or down, I make money as long as I stay on the pulse. Making financial decisions based on hatred or love of the CEO seems incongruous to me.
 
I'm seriously baffled that people are currently paying nearly $1,400 per share for this stock. Last time I had this feeling was during the height of the housing boom.
 
Amun Ra said:
I'm seriously baffled that people are currently paying nearly $1,400 per share for this stock. Last time I had this feeling was during the height of the housing boom.
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o_O To me you sound like the guys who laughed off Bezos for 10 years before Amazon made any money. Yesterday it closed at over 3k a share...
 
VicBee said:
o_O To me you sound like the guys who laughed off Bezos for 10 years before Amazon made any money. Yesterday it closed at over 3k a share...
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AMZN is overpriced too. The stock should be around $500 per share max.

To me you sound like the guy that owned tulips in January 1637 completely unaware what was about to happen the next month.
 
Amun Ra said:
AMZN is overpriced too. The stock should be around $500 per share max.

To me you sound like the guy that owned tulips in January 1637 completely unaware what was about to happen the next month.
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:rolleyes: I can't help you if the world should be limited to your perception of what it ought to be. Gl!:fistbump:
 
VicBee said:
:rolleyes: I can't help you if the world should be limited to your perception of what it ought to be. Gl!:fistbump:
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All things being equal, the world always finds balance and so does the market. Could Amazon stay inflated for the next 20 years? Sure. Is it likely? No. Amazon is worth $1.5 Trillion right now. What could it possible do to add another $1.5 trillion in value other than be a Tulip? I mean Trillion dollar companies are world changing. So in order for it to double, it needs to basically be twice as world changing as it is. You can only grow so big in a finite world.
 
Amun Ra said:
All things being equal, the world always finds balance and so does the market. Could Amazon stay inflated for the next 20 years? Sure. Is it likely? No. Amazon is worth $1.5 Trillion right now. What could it possible do to add another $1.5 trillion in value other than be a Tulip? I mean Trillion dollar companies are world changing. So in order for it to double, it needs to basically be twice as world changing as it is. You can only grow so big in a finite world.
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Certainly. But I'm one to believe the stock market is essentially legalized gambling. Some analyze and rationalize their buy/sell decisions, yet it's been demonstrated again and again that results are hardly better than guessing. The only question that I'm interested in is, will Amazon shares go up or down?
 
Cabin111 said:
Was watching Tesla the last 10 minutes today (Monday). Someone was working REAL HARD to keep that stock above $330.!!
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Cabin111 said:
Could someone explain what would happen if the stock (during regular trading hours) were to have hit $329.99. It did after hours. What would have happened in the option market??
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Apart from being a multiple of $10.00, is there a reason why you believe the $330.00 level is significant?
 
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