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It's the same optimistic story when I invested at $8 a share. The company will grow. People will take what the company makes in EPS today and assume it will st
by btian 5y ago
It's the same optimistic story when I invested at $8 a share. The company will grow.
People will take what the company makes in EPS today and assume it will stay there forever.
So in 2012, people created Tesla death watch, bankruptcy tracker etc. In 2021 people wonder why others will wait 100 years to get their money back.
- paulpauper 5y agoTesla has been in my portfolio for a long time as well. NO plan to sell. The media has been saying to sell since 2013, goes to show what they know, which is not much.
- adam_arthur 5y agoYeah, if you make money on a trade it means you were right about the business. The investors in Enron were right too, until it went bankrupt. Nothing is proven until the end. I do think Tesla has a large advantage in many respects, and a visionary leader is difficult for more legacy companies to overcome. I can think of many ways they can expand their margins well beyond traditional auto. But share price does not speak to any long term truth. Just a snapshot of public expectations of the truth.
- chillacy 5y agoYou can get pretty close to "right and wrong" in the markets if you pick a strike price and expiration date, keeping in mind that "public expectations" are part of the game. I think Taleb puts it well: “Don’t tell me what you think, tell me what you have in your portfolio.”