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re: TESLA stock price and valuation- Someone help me out.
Posted on 8/21/20 at 10:28 am to JimMorrison
Posted on 8/21/20 at 10:28 am to JimMorrison
quote:
What? SpaceX is private.
SpaceX is Elon musk. They pay Tesla to use their engineers for projects and use parts developed for teslas. Youre fooling yourself if you dont think a portion of this buying, albeit maybe small, is because of that connection to SpaceX. Now rationally, does that make sense to add value to Tesla? That's a debate, but it's definitely a catalyst.
I dont know what to do with this stock anymore so I'm just staying out. I sold and bought a bunch of times earlier this year when it was bouncing up and down from 1000. Now it's just gotten so ridiculous, the downside is huge, and Elon is so unpredicatable. I'd rather gamble on an NVDA if I want to sit and hold.
This post was edited on 8/21/20 at 10:31 am
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