08-20-2013, 08:18 PM
Yeah, I have little interest in cars, but I watched Top Gear when I lived in England just for Clarkson, complete dick though he can be. Can't believe he's still going.
Nice to get some backup from Breand on Tesla! I'm actually out of the stock right now - I read too many bearish articles and was stupid enough to listen to them. However...I think most of them (like the one Strife linked) are making the same arguments everyone (including me) make about Amazon. They are making no profit now, and people are paying a crazy PE for future profits that might never happen. Clearly that argument hasn't worked with Amazon, and I think it's even less true of Tesla.
Let's face it, Elon Musk, even moreso than Jeff Bezos, is the type of Jobs-esque genius that can just make shit happen. Everything he's tried has turned to gold so far. Sometimes you have to invest in people even more than the company itself. Tesla is a great company and make an incredible car, but if you buy the stock you are investing in what you think Musk can achieve. It's not about the Model S, despite the fact it's winning award after award and getting the highest rating of any car ever made. It's about the cars they are going to be bringing out next - the SUV, the mid-range, and what knows what after that. He's proved he's a lot more than a one-hit wonder, so there's no reason those cars won't blow the roof off as well.
Right now I'm desperately hoping for a big pullback I can get back in, but like Apple, Tesla keeps going up on days the market goes down.
Nice to get some backup from Breand on Tesla! I'm actually out of the stock right now - I read too many bearish articles and was stupid enough to listen to them. However...I think most of them (like the one Strife linked) are making the same arguments everyone (including me) make about Amazon. They are making no profit now, and people are paying a crazy PE for future profits that might never happen. Clearly that argument hasn't worked with Amazon, and I think it's even less true of Tesla.
Let's face it, Elon Musk, even moreso than Jeff Bezos, is the type of Jobs-esque genius that can just make shit happen. Everything he's tried has turned to gold so far. Sometimes you have to invest in people even more than the company itself. Tesla is a great company and make an incredible car, but if you buy the stock you are investing in what you think Musk can achieve. It's not about the Model S, despite the fact it's winning award after award and getting the highest rating of any car ever made. It's about the cars they are going to be bringing out next - the SUV, the mid-range, and what knows what after that. He's proved he's a lot more than a one-hit wonder, so there's no reason those cars won't blow the roof off as well.
Right now I'm desperately hoping for a big pullback I can get back in, but like Apple, Tesla keeps going up on days the market goes down.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market