- Joined
- Oct 20, 2015
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Well if you arent stock picking then your index fund is doing it for you. Which means bing bing bing bing bing, you own tesla. Probably a lot of it.I don't pick individual stocks, but if I did, I wouldn't buy TSLA. It's a car company that's going to struggle to sell cars for the foreseeable future, it's ridiculously overvalued, handicapped by Elon Musk dabbling in politics (to say the least), and despite being a first mover in the EV market, now faces growing competition from other manufacturers.
There are people who will argue that TSLA isn't a car company - that it's a "technology" company and worth its stock price because of AI and self-driving tech and because it'll have a monopoly over consumer transportation on Mars because of Elon and SpaceX, but those people are wrong.
Ray Dalio and Warren Buffet are wrong?“those people” are not wrong. Tesla is probably more than anything else, a software company. Then cars, energy, robotics. Etc. you do realize tesla and spacex are going to be designing and building the golden dome right?
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