3 ms·
So Tesla is a good investment because they get paid by other automakers to make cars they don’t want to make right now? This doesn’t seem like a good long term
by almost_usual 6y ago
So Tesla is a good investment because they get paid by other automakers to make cars they don’t want to make right now?
This doesn’t seem like a good long term strategy.
- toomuchtodo 6y agoMy Tesla stock with a $17/share cost basis says otherwise. Take the the other side of the bet and short it if you doubt the long term value. The world isn’t going to suddenly stop supporting climate change mitigation through policy. It’s only going to ramp up, leaving legacy Orgs in the dust.
- itsoktocry 6y ago>My Tesla stock with a $17/share cost basis says otherwise. Tesla's IPO price was $17. So you got in right on the lowest price the stock has ever been and never bought another share since? Amazing.
- toomuchtodo 6y agoMostly correct. I performed swing trading along the way up, but still hold all of the initial IPO investment (yolo’d my Roth IRA). Was sold after my first Roadster test drive.
- toomuchtodo 6y agos/Was sold/Was sold on the company and investment/, after realizing my comment might be ambiguous.
- zaroth 6y agoOP never said all his stock had a $17 basis, just that they held stock with a $17 basis. I agree, the capital appreciation of TSLA stock is truly amazing though.
- zacksinclair 6y agoYour good investment from years ago does not make Tesla a good investment at today's price.
- toomuchtodo 6y agoSomething being potentially overpriced today does not mean it’s not a good investment. It definitely is or was for those who identified the value arb prior to today and executed based on that. Is Tesla overpriced today? We can only speculate based on potential and execution ability.