Krugerrand
Meow
Stop it. We have not all been able to have confidence long term. I’ve been here 10 years and there’s been exorbitant amounts of lacking confidence over the years. GINORMOUS amounts. Short memory much or do those facts not suit your narrative? No, that’s not it. It’s that you’ve only been here for less than two years.If I could "thumbs up" this post 10X I would. Because that is the crux of the problem now. We've all been able to have confidence long term, during the long, low stock price periods because we knew the fundamentals were in line for an enormous valuation as Tesla executed so well, and had confidence in Elon as a leader, engineer, employer, and someone with the best interests of the world and mankind in mind.
Now, with the bizzaro-Elon, that is all in doubt--because of his irrationality and enterprise-destructive behavior. I can't believe he's tweeting Q-Anon and MAGA. Literally can't believe it. Even if Tesla execution continues great, and of course it will flower in other markets where they don't understand the politics so well, there is a large and growing number of potential customers in the US and other markets (Europe) that will simply not want to own a Tesla. It's already happening in the US. If you need proof, just look at this forum. Full of formerly 100% investors and customers admiring of Elon, now gnashing teeth and rending garments. I did well with the stock. I have a MY. It's a great car. is that enough?
We also have not discussed the tragic opportunity cost of all this--the 44 billion, the taking his eye off the Tesla/SpaceX adjacent spaces. What might he have done in e-aviation? short-and medium city-to-city aircraft? All of the other space and transportation-adjacent enterprises sitting on the ground waiting to be picked up, areas that would have been a natural for Tesla. Reports are that he's completely lost interest in the Boring Co., that cities he'd been talking to are waiting in vain for bids, or have been ghosted. Getting regulatory approvals for Nuralink, FSD, and a host of other things just became exponentially more difficult.
So very sad. No, my winged friend, indeed it is not easy to figure out how to move forward.
Nothing is in doubt from where I sit so stroke me off your list.
The crux of the problem is money. It’s always money. It’ll always be money. The very moment people’s portfolios aren’t getting bigger or there’s a sudden drop - sometimes little, sometimes big - some people need to have a reason for it and they’ll grasp at straws if needs be or make things up or believe the lies being pedaled by the market’s puppet masters.
Fyi, I’m taking names this time with the intent to shame the bejeezus out of everyone who’s hopped on the recent Elon bashing bandwagon. I’ve seen this movie many times. When the stock turns around and Tesla continues to grow and record record production, deliveries, revenue and profits, and you’re happy as a clam again, I’ll be here to remind all of you how wrong you were about what the big, bad, awful, horrible CEO did to the company you claim is so important to you.