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It's absolutely baffling, their share price already dropped a fair bit but I'd say it's still massively overpriced. How any professional trader can justify hol

It's absolutely baffling, their share price already dropped a fair bit but I'd say it's still massively overpriced. How any professional trader can justify holding Tesla shares right now is beyond me. Maybe people are thinking they're going to end up making bank from the supercharger network?

taylodl 3y ago
High risk, high reward. It's not necessarily irresponsible for a trader to own Tesla stock, but it would be for them to be overloaded on Tesla stock. Too much risk. Still, your portfolio should have high risk, high reward entries. With regards to Tesla, I understand the high risk part. What I'm failing to see is the high reward part. Tesla is currently valued more than every single other major automotive manufacturer on Earth - combined! That makes absolutely no sense to me. No, I don't think their supercharging network gives them an advantage either as all the prime real estate along the US interstates (and it's a similar situation all around the world)_are already owned by Royal Dutch Shell, BP, et. al. Do Tesla investors really think these energy companies are just going to roll over and die because EVs take over? Really? Those guys are just waiting for the standards to settle out and have a large enough market to make it worth their while. Their business model for the past couple decades now has been focused on getting people into their convenience marts - EVs play right into that business plan. I have no idea why people think Tesla is going to end up on top.