4 ms·
You sell because you expect everyone else to do the same. Then you hope to rebuy at a lower price and make more money when the stock returns to pre-fire level.
by jaynos 13y ago
You sell because you expect everyone else to do the same. Then you hope to rebuy at a lower price and make more money when the stock returns to pre-fire level.
No one owns Tesla stock for market value reasons. It's overpriced, but that doesn't mean you can't make money on the stock in the short term.
- CamperBob2 13y agoNo one owns Tesla stock for market value reasons. I own it because I honestly don't know where else to put the money I allocate towards tech stock purchases. AAPL has no room for further growth until we colonize the outer planets, and other recent success stories like YHOO seem even less sustainable. Picking stocks of reasonably promising companies with incompetent competitors seems like a good strategy, hence TSLA.