3 ms·
It's pretty obvious at this point that Tesla's number one product is their stock. Which makes it no different from a number of other high fliers. At first the
by jgalt212 10y ago
It's pretty obvious at this point that Tesla's number one product is their stock. Which makes it no different from a number of other high fliers.
At first they were an innovative car company. Then the stock price shot well above the level sustainable by an electric car company. Elon realized this, and then builds the Giga factory. We're not just a car company, we're a power company!
Now they are raising more equity off of an inflated stock price. I'd stay away from this one.
Not a total hater, Tesla cars are great, but one of these day's Elon's moon shots and obsession with the stock price will catch up with him (he'll still be rich) and his investors (they may be significantly less rich).