Quote:
Originally Posted by Azure
Should have just invested in Tesla people.
Remember when it was $178 and everyone was saying the company is doomed?
Now, not even a year later suddenly the company is the darling of Wall Street. Except for the shorters getting screwed over of course.
Just goes to show how bloody clueless the analysts are.
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To me it's not about how clueless analysts are though. It's impossible to really know how things go with Tesla. I wouldn't be shocked if they went bankrupt, but I also wouldn't be shocked if they became enormous. It's really so difficult to value a company where Musk is running around spouting bizarre statements and allegations against people and then willfully violating SEC regulations at other times.
Frankly, when they came out with a profit out of nowhere last quarter, it just made me skeptical. I don't know what games are being played behind the scenes or how they managed to suddenly show that. I'm also not delving into it and trying to figure it out. If that means I kiss an opportunity, so be it. There are plenty of other companies to invest in.