Current Events > I might buy Tesla stock despite not really caring for Elon; investor hype.

(+) Yeah! (+)

Copypasta?

i just checked the stock and it's basically back to levels before musk's government role.

people really do have goldfish memory.

I think Tesla is overvalued, and I think Elon has made quite a few dumb moves these last few years, but with the approved 1 trillion dollar stock comp for Elon contingent on the $8.5 trillion cap for Tesla, I think it might be worth buying.

Do I feel he deserves 1 trillion? No, but I also think betting against him is just too hopeful in a world where that hope gets burnt too much. I am betting on investor hype and his friendship with the current administration, despite the rocky roads earlier, getting him to the point he needs to get to.

Also, even if the next administration is opposed to Elon outwardly, I could still see them still being friendly where it actually matters with subsidies and contracts behind the scenes.

In terms of ethics, feels questionable if this is the right way to try to make money, but I would like to build wealth in a world where ownership of things is becoming harder and harder.

Buy high, sell slightly lower or higher.

Smart.

you believe it has the fundamentals or you are looking for a memestock?

I don't 100% know if I truly trust the fundamentals behind it, but I also don't think Tesla is a memestock despite its leader being a meme at this point. I'm leaning more towards believing in the long-term future of it.

I don't 100% know if I truly trust the fundamentals behind it, but I also don't think Tesla is a memestock despite its leader being a meme at this point. I'm leaning more towards believing in the long-term future of it.

LOL. Tesla is a meme stock because Musk is a meme. The two are inseparable.

You litetally think it will meme rally because Elon
What else would make it go up from here?

Reminds me of GME

Why would the potential of Musk making $1T make you want to buy this stock?

Anyway Musk has never hit any target for his 'coming next year' sliding scale of promises. Tesla is selling less and less cars each year and the brand as a whole is seen negatively worldwide. Other brands are making their own electric cars without the build and reliability issues Tesla has too.

Why the fuck would anyone actually trust this stock in this situation.

I really don't think Tesla has a long term future. They were "good" when they were the only mass produced viable choice.

But there is a growing number of strong alternatives from more reputable companies that don't have the same history of ripping off consumers with canceled non-refundable pre-order packages. And the alternatives are safer with better sensor technology than Tesla.

I didn't make this topic to brag about being evil. I more so believe if we disregard our political hatred for Elon, it could be a good opportunity for at least making something out of a miserable situation

how can you be ethically ok with that?

to spread good and help people in a corrupt system

Google co-founder

how can you be ethically ok with that?

With autonomous ride sharing, I don't know if Tesla is in that market yet, but the main company, Waymo, has a lot more safety features and higher resolution data to work with. Musk demanded Tesla strip all that out (such as radar and LIDAR).

The competition in that industry is already performing at a level that will take Tesla some time to catch up if Tesla ever decides they want to enter it and if city ordinance/state laws require more of self-driving vehicles. Like all Waymo would have to do is go to city council and demonstrate how their vehicles have these systems that Tesla is completely lacking and convince the city council to restrict self-driving cars to only those that have these systems and Tesla is cooked.

Elon - Gimme moar equity plox

Courts - Thats not allowed

Shareholders - Nah, maybe if you make tesla worth 999endy zillion soon. You wont see a dime if you dont.

TC - Its going to be worth 999endy zillion soon? Time to buy.

I get that right? Bold strategy.

Actually, you could have made a better argument by not lying/doing research.

It's not all or nothing, there are milestones involved with the package. He can actually do a "middle-of-the-road" performance and still make out with billions and billions of dollars.

The push for a $1T plan could just be Elon's way of trying to shoot for somewhere in a more realistic "middle." Tesla doesn't actually have to do much better than where it is at now for him to get just $100B, which is an unfathomable payout for mediocrity. Your argument should have been that I'm duping myself into thinking he actually believes it will hit $8.5T when he is just trying to get an easy $100B, which admittedly, based on his track record of overpromising, is not a far-fetched idea. While I don't think 8.5T is impossible either, if it went from $1.5T to 5T, that is still a pretty good gain.

Hmmmmm

You think tesla going from a 1T valuation (which you think is already way overvalued) to a 5T valuation, a 5x, is a very realistically obtainable goal. Mediocre even. Interesting.

But $100B is nothing to Elon and represents a meaningless amount of control at the company that is now worth 5T

That is on me for not clarifying, but the mediocre results would not be $1T to $5T. He could go from $1.5T to 3T in 10 years and receive a hefty compensation, but that, arguably, is pretty mediocre all things considered. I think there are better ways to double your money in 10 years than that. The $1.5T to 5T was just an example for basically saying even if Tesla does not hit $8.5T, that doesn't mean you can't get a good return off of it. After all, I'm not interested in Elon earning $1T; I'm interested in the idea that Tesla can grow substantially from where it is at today.

Could a realistically mediocre result also be it goes from $1T to still $1T? Since you think its already way overvalued? A lot of companies have stagnated for years after overvaluing even if the company is good.

Theyre a major leader in electric vehicles and pro-environmental things. A segment that isnt going to grow for a while thanks to Trump, who he calls a pedo any time legislation is about to be passed.

What gets them from 1T to 8T? 3T?. Keep in mind Teslas initial meteoric rise was because the company actually did real world things. You cant step outside without seeing their cars. It wasnt made up investor hype. That can only go so far.

Chinese electric vehicles will absolutely devour Tesla's global market share and the United States has a bit of a habit of rolling back environmental incentives and crippling green initiatives when Republicans get in office.

Tesla is good for swing trading because of how volatile Elon is. Tesla is not a company I would hold long-term.

Cybertrucks had a bit more of a PR miss

Cool, when is he going to start?