I am, roughly speaking...
(1) Bearish on Elon, I think he's nuts.
(2) Bullish on Tesla the business - electric cars are clearly the future, Tesla builds honestly really great cars. I don't have a car, but if I were to buy one it would no question be a Tesla. They're going to make and sell a lot more cars, period.
(3) Bearish on the valuation. At this price its still worth about as much as every other car company put together, and their competitors are growing into electric too. Market breakdowns seem to show that where options exist people do not pick Tesla 100% of the time. It's more like 12%, equal to VW in Norway.
It is however a cult meme stonk, so there's no real rationality behind it.
[edit] I've been making good money selling weekly iron condors. As much as it's moving, it's still been moving less than cultists anticipate haha.
(1) Bearish on Elon, I think he's nuts.
(2) Bullish on Tesla the business - electric cars are clearly the future, Tesla builds honestly really great cars. I don't have a car, but if I were to buy one it would no question be a Tesla. They're going to make and sell a lot more cars, period.
(3) Bearish on the valuation. At this price its still worth about as much as every other car company put together, and their competitors are growing into electric too. Market breakdowns seem to show that where options exist people do not pick Tesla 100% of the time. It's more like 12%, equal to VW in Norway.
It is however a cult meme stonk, so there's no real rationality behind it.
[edit] I've been making good money selling weekly iron condors. As much as it's moving, it's still been moving less than cultists anticipate haha.