OT: Tesla Stock ?
Papi_Chulo
Miami, FL (or the nearest big-booty club)
As I've posted recently w.r.t. investing/stock-market, I am not knowledgeable w.r.t. the technical aspects (analysis, research, etc) - b/c of this, I've always taken the safe-road of investing via ETFs (mutual-funds prior to that) - and as I posted previously, middle-of-2019 was the first time I took the plunge to invest in individual stocks.
I decided to invest (in order of largest to smallest holdings) in Amazon, MicroSoft, FaceBook, and Google - obviously these are great companies and in my limited knowledge I felt they still had room to get even better/more-dominant (particularly Amazon) - but not being a technical/research guy, my main impetus for investing in those companies was in large part based on who was running them and assuming these folks would keep these companies at the top and even make them better/bigger.
Anyway - in addition to the stocks/companies I mentioned above, I was strongly considering Tesla - mainly b/c I think Elon Musk is an f'ing badass (kinda have a bro-crush on him - super-smart; super-driven; super-successful, big-balls (figuratively speaking); and good-looking guy (no-homo - ok - a-little-homo)) - anyway - I never pulled the trigger on Tesla (obviously I kinda regret it now) and really wanted to b/c of my Musk bro-crush (not saying that this is great investing technique).
Some Tesla stock questions if you'd like to share your opinion:
a) are you, or have you been, invested in Tesla stock - if so when/time-period?
b) regardless of whether you are invested; what are you thoughts on the stock and do you plan to be in-it, or out-of-it, in the future?
I decided to invest (in order of largest to smallest holdings) in Amazon, MicroSoft, FaceBook, and Google - obviously these are great companies and in my limited knowledge I felt they still had room to get even better/more-dominant (particularly Amazon) - but not being a technical/research guy, my main impetus for investing in those companies was in large part based on who was running them and assuming these folks would keep these companies at the top and even make them better/bigger.
Anyway - in addition to the stocks/companies I mentioned above, I was strongly considering Tesla - mainly b/c I think Elon Musk is an f'ing badass (kinda have a bro-crush on him - super-smart; super-driven; super-successful, big-balls (figuratively speaking); and good-looking guy (no-homo - ok - a-little-homo)) - anyway - I never pulled the trigger on Tesla (obviously I kinda regret it now) and really wanted to b/c of my Musk bro-crush (not saying that this is great investing technique).
Some Tesla stock questions if you'd like to share your opinion:
a) are you, or have you been, invested in Tesla stock - if so when/time-period?
b) regardless of whether you are invested; what are you thoughts on the stock and do you plan to be in-it, or out-of-it, in the future?
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42 comments
2) This is a company that is trying to sell the sizzle, there is no steak, and no prospects to become profitable, as long as the founder Elon Musk continues to take the profits from the automobile company and use them as his own personal piggy bank to fund his vanity projects.
Yeah - supposedly he mentioned at one point that his reason for Tesla was to he could fund this true-passion of space-travel and putting people on Mars.
Actually would be interesting if he built a few strip clubs while he was at it
Tech is more overvalued right now than it ever was at the peak of the tech bubble in 1999. I rode TSLA from 350 to 1000 the first time and made a lot of money, which I then lost when it went back to 350. Volatile does not even begin to explain that stock. I have about 20% of my stuff in TQQQ, TSLA and ZM short positions with a little VIX long. I am net long on tech though might as well try to fit into the clown car and shoot for 6000= p/e ratios.
And, you are going to time Tesla purchases and sales better than these people ?
Im too poor to invest in individual stocks i prefer rental properties
Are you a holder, or buyer, of TSLA?
There is allot of dreams and hope in that stock price. Just because you make a good product doesn't ensure success. Profitability through good planning and management must follow.
I just see more appealing stocks that have a better/safer risk-reward.
No dinero right-now, all in the market (god help me) - but def would like to pick your brain about it sometime and get some knowledge about it - gracias
Five years from now, all the current major combustion engine companies will have multiple all-electric models. The vehicles will be designed with all the lessons learned by Tesla. Their build quality will be superior to Tesla and, if anything goes wrong, there will be a service center nearby. They will use high volume and automation to bring the price point down.
Go back to the days of the Model T. Before then, cars were made in lower volume, at higher prices, with inconsistent quality. Ford built a huge plant and revolutionary manufacturing techniques to drive the niche players out of business. Tesla is a modern day example of those niche players.
They aren't an auto company. They are a battery technology company that defies all the metrics.
As the sales departments of mutual funds have learned, you can “prove” almost anything if you are allowed to pick the starting date for a comparison.
To me, Tesla is the opposite of RICK. It has more downside risk than upside potential IMO. I can see RICK going 2x or 3x from here. I don't see Tesla going 2x or 3x; again, I see Tesla with way more downside risk.
But great decision to invest in Amazon/Facebook/Microsoft/Google. My portfolio would be much stronger if I had a much larger allocation to those winners.
But, 14% has been more than enough to steadily gain wealth. And, I have spent no time worrying about my investments. Simple. No stress. Good enough for me.
Consider also the more boring but growth-oriented cyber security business sector. It has performed well for me.
I don't have the right temperament for meme stocks, I'm a fundamental value guy though I've done pretty well in a closed end tech mutual fund (FTEC).
My professional sector is life sciences and pharmaceuticals. That's the only place where I "pick stocks," and I do reasonably well there.
Most traders and investors have no idea what they're up against: sophisticated algorithms, armies of experts, and a lot of insider information circulating.
They were early to the party and innovative.
But now that industrial giants are entering the market they won't have much of a future there.
Those Tesla roofs look cool, tesla wall sounds cool. But try and order one... Even with the astronomical price tag, good luck getting it delivered.
Their cars are great. Read about there assembly issues. The process is so poorly engineered they've got employees claiming workplace injuries from repetitive tasks in awkward positions. This is not high tech robotic manufacturing that all their competitors are experts in.
Every time they announce something, there's a huge waiting list of people signing up to get it in like 2 years. That's a good thing for them, mostly, but really, ford announced the e mustang and was delivering them in months...
The excitement creates speculation which pumps there stock which makes a bunch of gamblers money. It could do the same for you. Maybe?
As opposed to say Amazon, everything thinks is a retail company, tuesday they announced a cloud service interruption and look at the news of all the shit that was down, and those are just the very public facing internet services, never mind all the internal company application outages disrupting productivity all over the country.
Microsoft is becoming (if not already is) as large a cloud compute provider. And Google's a strong contender. Along with all the other shit these companies do.
For the resources it takes to make solar and batteries better than what they are now. I don't see much of a chance for Tesla against industrial giants like Siemens and Samsung, who are investing heavily.
But, hey, their cars are still pretty fashionable, at least on the West Coast. I'm having a hard time imagining them doing much in the Chinese market anymore.
I don't trust my own mother that much.