Tbh he was probably facing 90%+ odds of his bet going tits up.

If he manages to do that 10 times in a row I'd start feeling salty.

i got lucky on a couple of these (1 in particular), but i had to sit in my position for over a year and cost average. it was stressful. that said i did research on their trials and did my best to understand as many parameters as possible.
Nikola is a literally a+ tier troll. at least when i put some money into Tesla way back when it was right after the Model S launched and had stellar reviews.

that said grats to your cousin. that how i felt when i bought my first btc and had no earthly idea why it went up 3x in 2 months lmao.

this Nikola hype is unreal...fkin worse than tesla. at least tesla is tiers ahead of its competitors in terms of hardware and AI

fk is this world and fomo

Tesla wasn't profitable but at least they were making cars that look cool and you actually see them on the road. According to chief pumper at NKLA, Trevor Milton, they don't expect any revenue well into 2021. This company has the same market cap as Ford, with no product until 2021, meanwhile Ford pumps hundreds of thousands of vehicles for sale

Like the green energy craze is a treasure trove for people that can come up with some prototype and be good at selling it and raising 28 billion dollars.
28 Billion with a B!!! LOL

I'm happy for my cousin, good for him he has a baby and he could use the dough, but i think most investors who take a somewhat due-diligence approach to investing and trading get irked by these type of stories.

Yea, it's fucking bizarre which is why I rarely actively trade. Hardly any of it makes sense anymore.

Tesla's new battery patent is insane (reduces ohmic loss within the battery cell, more efficiency, less heat, more recharge cycles). Seen it in the tech news a while back, finally making headlines in the business world.

Yeah even cars and looks aside. Even profit aside , the Tesla case is a case of potential. What they have in intellectual property rights is leagues ahead of its nearest competitors. The top German brands still aren’t even close to that level of self driving, they (Tesla) are comfortably years ahead. I do understand the bull case for Tesla even tho I hate them lol. Not to mention their battery advancements are comfortably levels ahead of their nearest competitors as well plus they are only getting better at a rate also faster than their competitors. I’ll say this , in 10 years if Tesla its still here it will likely be worth multiples what it currently is lol


^excellence

I’m sure ^ this guy doesn’t disagree haha

This post was edited by Bazi on Jun 9 2020 02:53pm

eh i dont get irked at all. sometimes people dig all their lives and find dirt and one person comes along and strikes gold or oil. it’s just part of the game


Part of tesla’s appeal is in Musk himself too. If he were to get bored (doubtful) and bail the company wouldn’t have the same upside

he is very unique in this sense. Apple was steve jobs for most of the 2000s, buffett is berkshire, Zuck is Facebook. Not many cases like this

Tesla's productive capacity is 1/4th of its competitors and they haven't made a profit in any year since their inception. The valuation of a company is derived from the net present value of future discounted cash flows, but they aren't generating positive cash flow or profit. They need to ask investors for more money. This means their share price is based on speculation, however well informed. By current market cap they're now the most valued car manufacturer in the world.

With the increasing competition in electric car production from the likes of Audi, VK, and so on, Tesla's future dominance of the market as it goes from niche to mass market is questionable. They've also got an unhinged CEO who is seemingly lacking in following standard business practice (was the CEO and Chairman until recently, breaks financial trading laws) - in my view he is a ticking time bomb and I have no intention of being around for the boom.

--

Looks like the market is starting to dip again.

Based Elon



Still the best stock for short term gains. Just buy during a swing down

This post was edited by EndlessSky on Jun 11 2020 03:02am