Quote (ofthevoid @ 1 Sep 2020 15:23)
Im still not convinced on the Tesla story tbh. People are such on a sugar high with this stock. The electric car adoption has been slow imo and they have to prove that going forward that it actually will be as high as they're promising.
I love Elon and i think in the long term it'll do fine but just crazy the 180 sentiment shift in like a year.
Like they announced they are diluting the stock by 5 billion, that's not a bullish signal imo. To me that's insiders realizing they can capitalize on the fomo and dilute at some crazy valuation.
as they say: be first smarter or cheat
elon (in terms of mass production) was first and he is damn smart. cheating well there’s nothing wrong (imo) wanting a lower stock price so you can buy more lol that was the biggest bull signal of all time
and like Bazi said there are so many outside factors which influence TSLA stock price. until a true competitor emerges Musk is running rampant in so many cutting edge industries
fundamentals dont make sense anymore (nor have they in a while) so best to ride the trends and not get caught getting too hungry