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I've seen a great deal of speculative investment in Tesla as of recently. I pray no middle class people will lose their entire net worth, much less in the middl
by JMTQp8lwXL 6y ago
I've seen a great deal of speculative investment in Tesla as of recently. I pray no middle class people will lose their entire net worth, much less in the middle of a crisis.
- jeffbee 6y agoOld people on my Nextdoor are asking whether they should buy some TSLA, which was as good a signal as any I've ever seen when the same people were asking if they should maybe get some bitcoins (at $20k each). TSLA like every other US equity right now is supported by retail momentum alone.
- xnx 6y agoTSLA is absolutely the present-day BTC.
- notJim 6y agoI really need to get better at getting into these asset bubbles. I'm too late for Tesla, and it doesn't look like BTC has been going anywhere lately. Anyone got any tips for me?
- simonebrunozzi 6y agoI'm not sure if you're trying to be sarcastic, otherwise, I don't think a straight answer can be satisfactory for you. Also, it might not be the best use of this forum.
- thebean11 6y agoBitcoin halved recently, things could get interesting soon but who knows.
- rconti 6y agoOne interesting comment I heard is that Tesla is the biggest company NOT in the S&P 500 (I believe that was the index, at least). So even if Tesla had the exact same retail 'excitement' as, say, Microsoft or Apple or GM, they'd have much wilder fluctuations in stock price because they don't have that massive institutional index fund investment to dampen the swings.