I never said he wasn't pivotal, but I do have a real problem w/his shtick of trying to rewrite history to claim the glory. Tesla would've likely been defunct by now if it hadn't been for the guy's cash infusion & uncanny ability to do nothing wrong in the public's eyes and monetizing/landing contracts on that ability. I have no real beef w/his SpaceX or Paypal involvement as am unfamiliar and seems to be mostly on the "up and up" from an ethical standpoint. I followed Tesla back from their lotus/AC propulsion days so am most familiar with that operation. Here's another beauty few remember: https://www.wired.com/2012/02/tesla-vs-top-gear/
Musk is a genius and, like others in that rare space, is probably insufferable to be around. Good news is, I don't have to hang around him, I just buy his vision and follow through. Paypal, Tesla, Space X,... those are major achievements regardless of the palace intrigues. And while most continue to want to value Tsla on its cars, Musk is already several levels beyond building his grand project and apparently more and more people like me are buying into it. I'm not a sophisticated trader, all I do is buy and sell stocks, mostly Tsla. Up or down, I make money as long as I stay on the pulse. Making financial decisions based on hatred or love of the CEO seems incongruous to me.
I'm seriously baffled that people are currently paying nearly $1,400 per share for this stock. Last time I had this feeling was during the height of the housing boom.
To me you sound like the guys who laughed off Bezos for 10 years before Amazon made any money. Yesterday it closed at over 3k a share...
AMZN is overpriced too. The stock should be around $500 per share max. To me you sound like the guy that owned tulips in January 1637 completely unaware what was about to happen the next month.
All things being equal, the world always finds balance and so does the market. Could Amazon stay inflated for the next 20 years? Sure. Is it likely? No. Amazon is worth $1.5 Trillion right now. What could it possible do to add another $1.5 trillion in value other than be a Tulip? I mean Trillion dollar companies are world changing. So in order for it to double, it needs to basically be twice as world changing as it is. You can only grow so big in a finite world.
Certainly. But I'm one to believe the stock market is essentially legalized gambling. Some analyze and rationalize their buy/sell decisions, yet it's been demonstrated again and again that results are hardly better than guessing. The only question that I'm interested in is, will Amazon shares go up or down?
https://quoteinvestigator.com/2011/08/09/remain-solvent/ From $280 to $502.49 in less than two months. And despite the declines in the past week or so, still above that $280 level (1400 / 5) to which you referred.
Apart from being a multiple of $10.00, is there a reason why you believe the $330.00 level is significant?