The tesla train got new fuel in the form of Musk pumping a billion dollars into his own company. Does this signal Musk knowing Tesla fundamental's are actually weak and getting weaker, despite what he says? Is this a play to try and get more leverage for his trillion dollar pay package? Should this worry tesla investors?
My short answer is yes to all three, as nothing promised has come to fruition, competition will continue to eat more of his market share, his brand has become toxic as a result of Musk continual foray into politics, and the only thing seeming to go well for Tesla at this point is Starlink. But, the meme stock force is strong with this one. Also, how is this not some form of insider trading, especially with his asking for massive payouts from Tesla?
Tesla Stock Soars, Eyes Highest Level Since January As Elon Musk Discloses Multiple Buys
Posted by New-Association5536
2 Comments
Everything about Tesla is shady as f—-. No one can convince me that their market value makes any sense whatsoever. I have it in a couple of ETFs, but I’m personally not comfortable buying a stock that is so obviously overvalued.
That being said, anyone who bought in 2-3 years ago (or longer) is obviously sitting pretty and can afford the stock losing quite a bit and still be profitable. I’ve given up trying to understand it, I’m fine with it being a small part of my portfolio, but but that’s it.
All about that Ponzi scheme