more insane than TSLA is probably the answer .. ;)
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Really - "Tesla does not make money!" you posted that - didn't you ? ;)
So now it does make money ?
Does Xero make money ? What's it's PE ?
Or for that matter the most expensive stocks on US market ? ;)
You seem to forget that the market is pricing it's sentiments of TSLA's future
prospects which tend to look like they are better than that rapidly diminishing
supply of new Bitcoin capable of being generated off the chain .. ;)
At least TSLA do something productive which is a long way away from riding
a crypto wave which may or may not produce too much tangible for the ride
and runs risk in places of making itself either extinct due to scarcity or excessively
overpriced due to hyping up accordingly far far worse than TSLA or any other stock .. ;)
Granted Supply & demand equations are at work with both, but recent rapidly
rising bitcoin values seems to now look far more ridiculously over valued than heights
TSLA has reached so far .. just bear in mind that those huge crypto gains attract the full
attention of the taxman wanting his share of the spoils .. not necessarily the case with
TSLA's holders who may see a dividend sometime in future, long after bitcoin has priced
itself out of existence & meaningful patron use .. ;)
New poster to sharetrader but have been watching and trying to learn from it for some time. So much great info and love the banter. My inexperienced thoughts are Tesla is still undervalued, it seems to be way more than just a car manufacturer. Elon Musk may be the Thomas Edison or even Nikola Tesla of the 2020s. Bitcoin I believe will keep going up in value and make holders richer and richer, with a lot of ups and downs along the way. Also I see huge upside in the future for the genomics industry. These areas are im putting my money.
No, the SP is riding on the future earnings and sentiment of Tesla being the world leader in not only EV's but future tech. The SP is a reflection of the confidence investors have in the company and its financials. Of course who is at the helm of companies make a huge difference and Elon has proven to be an extremely smart and dedicated CEO thus giving investors more certainty in TSLAs future.
As far as TSLA "eventually getting necked", the short sellers have learnt a valuable lesson. DON'T SHORT TESLA.
I have couple of bitcoin myself ONLY to diversify and take a position. Do i believe in Bitcoin? No, not really. It makes no money, has no CEO, no assets, no number to call when things go wrong. Bitcoin and most other Cryptos have little real world use at this time. BUT, for an extremely High Risk, High Reward position it is great.
Crypto makes up a small percentage of my portfolio but treat it as any other investment, if it makes money i'm in.
Tesla on the other hand is an actual investment, people, machinery, factories, products you can see and sell, offices, showrooms etc. Crypto ie: BTC has nothing, it really is very similar to the tulip bubble and making money is pretty much as one user wrote a spin of the roulette wheel.
Yes that’s true but still a brilliant man, and maybe Elon will die a broke man as well. But being the world’s current richest person he’s got a wee way to go.