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> Surely nobody sane would never trust his word on anything for any purpose ever again after that display. TSLA is one of the most widely held retail stocks. W

> Surely nobody sane would never trust his word on anything for any purpose ever again after that display. TSLA is one of the most widely held retail stocks. Why do you think this is? Might you be assigning too much weight to this?

ClumsyPilot 5y ago
Person A: Chinese communist party is repressive, brutal to dissidents, and hides it's failings You: Chinese economy is doing well, therefore your accusations are false
- optimiz3 5y ago
  This reply is non-sensical and unrelated. A widely held stock means that many people fundamentally believe in a company and its leadership, and are voting with their wallets. #2 most widely held on Robinhood, #1 most traded on Fidelity this last Friday. https://www.google.com/amp/s/www.nasdaq.com/articles/the-top-50-robinhood-stocks-in-2021-2021-01-03%3famp https://www.google.com/amp/s/www.nasdaq.com/articles/the-top... https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopO...
  - ClumsyPilot 5y ago
    Your argument in non-sensical - how are retail investors are good judge of character or safety when they can't even judge financial performance? 80% to 95% of retails traders/investors lose money in the stock market. When Elon tweeted 'use Signal' (the app) they bought shares of 'Signal Advance' and it soared 400%, a totally wrong organisation. Then there is GME and many other stories. Obviously they are free to do what they want with their money, but are these the people you would trust with, well, anything? https://www.cnbc.com/2021/01/11/signal-advance-jumps-another-438percent-after-elon-musk-fueled-buying-frenzy.html https://www.cnbc.com/2021/01/11/signal-advance-jumps-another...
    - optimiz3 5y ago
      > how are retail investors are good judge of character or safety when they can't even judge financial performance? [Citation needed] Price discovery is a primary function of a financial market. TSLA is widely held and highly valued. These are facts. The burden is on you to refute this and general platitudes and whataboutism doesn't cut it. I'd go so far to bet that 85-95% of long term TSLA investors have made money, not lost it. Guess who's leading TSLA?
      - ClumsyPilot 5y ago
        Look, if 85% retail investors loosing money does not convince you that they can't judge financial performance, then I probably can't convince you that Earth is round. Replace TSLA with in your post Bitcoin and you sound like a 'true believer'. I am perfectly happy with people believing/cheering on TSLA/Crypto, just let's clearly tell that apart from an independent, unbiased assessment.
      - rurp 5y ago
        Is your premise here that retail investors are sharper than professionals? The two groups, on average, tend to have very different opinions of Tesla stock.
        optimiz3 5y ago
        Is your premise institutional investors are not bullish on TSLA? Short interest is under 4%, and the company is one of the largest by market cap in the world. Parent was suggesting no one should trust Musk, due to a few Twitter lapses. My premise is that given the breadth, and depth of people investing in Musk's companies, there may be more to the story.
    - shkkmo 5y ago
      It only seems non-sensical because you seem have shifted the bar from "sane" to "wise, prudent and good judges of character". This is the original hyperbolic claim that was being responded to. > Surely nobody sane would never trust his word on anything for any purpose ever again after that display.
thow-01187 5y ago
> In the short term the market is a popularity contest; in the long term it is a weighing machine Warren Buffett Elon is undoubtedly skilled at driving up hype - the popularity contest part. As for long term - Tesla themselves claim they never plan to pay dividends.
- deleted 5y ago
  [deleted]

ClumsyPilot 5y ago

Person A: Chinese communist party is repressive, brutal to dissidents, and hides it's failings You: Chinese economy is doing well, therefore your accusations are false

optimiz3 5y ago
This reply is non-sensical and unrelated. A widely held stock means that many people fundamentally believe in a company and its leadership, and are voting with their wallets. #2 most widely held on Robinhood, #1 most traded on Fidelity this last Friday. https://www.google.com/amp/s/www.nasdaq.com/articles/the-top-50-robinhood-stocks-in-2021-2021-01-03%3famp https://www.google.com/amp/s/www.nasdaq.com/articles/the-top... https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopO...
- ClumsyPilot 5y ago
  Your argument in non-sensical - how are retail investors are good judge of character or safety when they can't even judge financial performance? 80% to 95% of retails traders/investors lose money in the stock market. When Elon tweeted 'use Signal' (the app) they bought shares of 'Signal Advance' and it soared 400%, a totally wrong organisation. Then there is GME and many other stories. Obviously they are free to do what they want with their money, but are these the people you would trust with, well, anything? https://www.cnbc.com/2021/01/11/signal-advance-jumps-another-438percent-after-elon-musk-fueled-buying-frenzy.html https://www.cnbc.com/2021/01/11/signal-advance-jumps-another...
  - optimiz3 5y ago
    > how are retail investors are good judge of character or safety when they can't even judge financial performance? [Citation needed] Price discovery is a primary function of a financial market. TSLA is widely held and highly valued. These are facts. The burden is on you to refute this and general platitudes and whataboutism doesn't cut it. I'd go so far to bet that 85-95% of long term TSLA investors have made money, not lost it. Guess who's leading TSLA?
    - ClumsyPilot 5y ago
      Look, if 85% retail investors loosing money does not convince you that they can't judge financial performance, then I probably can't convince you that Earth is round. Replace TSLA with in your post Bitcoin and you sound like a 'true believer'. I am perfectly happy with people believing/cheering on TSLA/Crypto, just let's clearly tell that apart from an independent, unbiased assessment.
    - rurp 5y ago
      Is your premise here that retail investors are sharper than professionals? The two groups, on average, tend to have very different opinions of Tesla stock.
      - optimiz3 5y ago
        Is your premise institutional investors are not bullish on TSLA? Short interest is under 4%, and the company is one of the largest by market cap in the world. Parent was suggesting no one should trust Musk, due to a few Twitter lapses. My premise is that given the breadth, and depth of people investing in Musk's companies, there may be more to the story.
  - shkkmo 5y ago
    It only seems non-sensical because you seem have shifted the bar from "sane" to "wise, prudent and good judges of character". This is the original hyperbolic claim that was being responded to. > Surely nobody sane would never trust his word on anything for any purpose ever again after that display.

thow-01187 5y ago

> In the short term the market is a popularity contest; in the long term it is a weighing machine Warren Buffett Elon is undoubtedly skilled at driving up hype - the popularity contest part. As for long term - Tesla themselves claim they never plan to pay dividends.

deleted 5y ago
[deleted]