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man, i downvoted you (and usually i strongly dislike and avoid meta discussions on downvoting or being downvoted, yet it seems here it warrants an explanation,

by trhway 7y ago

man, i downvoted you (and usually i strongly dislike and avoid meta discussions on downvoting or being downvoted, yet it seems here it warrants an explanation, at least i'd have liked if somebody gave me a one in a situation like yours) because you're making gross logical mistake: > You are buying into a cult with some life changing saving (kid's college) he never said that he is using kid's college savings and/or life changing savings. You ascribed that meaning to what he said, while he may have (and probably) said completely different thing - using small money on TSLA playing the chance that it may convert those small money into the life changing/kid college savings.

zaroth 7y ago
Indeed this. If it 20x’s like I think it might (full Robotaxi vision realized) in the next 10 years, then kids will be all set for college, or their first house, their choice. If not we will all have to work harder, but it’s not like I had the college fund saved already and then bet it all, or am living life as if TSLA is already at $2,000. How can I not bet with someone like Elon Musk? Why bet against him? I want to live in the world where Elon and Tesla succeeds. It’s a win-win that I could personally profit from it too. Very rarely do we get a company IPOing so early in their lifespan with real ideas and plans to change the world, and the intellectual capital to possibly even succeed. I think it’s a once in a decade opportunity. I hate being a skeptic against someone with an actual positive vision for the future and a strong theoretical backing of how they will get there. The idea that Toyota is going to eat their lunch to me flies in the face of everything we know about innovation and company culture. The legacy companies are frankly totally blindsided by this EV revolution. While legacy auto employee unions strike, and legacy auto company plants close down, TSLA moves from a 3% SAM to a 30% SAM (by adding trucks and crossovers to their served market) over the next 3 years. If their truck is as revolutionary in that market segment as the Model 3 is in its market segment, they won’t even need Robotaxi to hit a market cap of $200B.

by trhway 7y ago

zaroth 7y ago

Indeed this. If it 20x’s like I think it might (full Robotaxi vision realized) in the next 10 years, then kids will be all set for college, or their first house, their choice. If not we will all have to work harder, but it’s not like I had the college fund saved already and then bet it all, or am living life as if TSLA is already at $2,000. How can I not bet with someone like Elon Musk? Why bet against him? I want to live in the world where Elon and Tesla succeeds. It’s a win-win that I could personally profit from it too. Very rarely do we get a company IPOing so early in their lifespan with real ideas and plans to change the world, and the intellectual capital to possibly even succeed. I think it’s a once in a decade opportunity. I hate being a skeptic against someone with an actual positive vision for the future and a strong theoretical backing of how they will get there. The idea that Toyota is going to eat their lunch to me flies in the face of everything we know about innovation and company culture. The legacy companies are frankly totally blindsided by this EV revolution. While legacy auto employee unions strike, and legacy auto company plants close down, TSLA moves from a 3% SAM to a 30% SAM (by adding trucks and crossovers to their served market) over the next 3 years. If their truck is as revolutionary in that market segment as the Model 3 is in its market segment, they won’t even need Robotaxi to hit a market cap of $200B.