https://www.cnn.com/2020/01/04/inves...ses/index.html

A lot of money has been lost by short sellers. $8B

 

I personally don’t care about anybody’s “personal failings”. We all have personal failings, has no bearing on what we achieve in life and offer the world.

If someone is a terrible person who hurts others that’s a different matter, but taking any sort of drug or substance, let alone a legal one that I’ve taken myself in my life? Not buying their excellent product for that reason? Please.

Happy to see Tesla doing great. My stock
portfolio is happy too. Happy for the holdouts that they have paid handsomely for their self righteous satisfaction too lol

 

The shorts on Tesla are different than most other shorts. Most shorts are done privately and it's a legitimate financial bet on the valuation of the stock. Tesla shorts actively tried to tank the company by releasing FUD and constant negative publicity. That's why their short positions are so large. Stock manipulation at its worst.

 

Did I miss something or are you talking in general? I don't think anyone said they wouldn't buy one bc of that (on here at least). I wouldn't buy a Tesla but I don't care if Musk smokes weed all day every day, that wouldn't stop me if I were a Tesla person.

 

Are we going to talk all day about weed or get back to Tesla stock?

 

Go back a few posts and you'll see Ironically, those who say they won't buy Tesla if Musk is CEO don't understand Tesla at all. He is a pivotal engineer in all of Tesla's products and Tesla would be exponentially worse if he weren't there. I honestly hope they don't buy Tesla as they just add noise to Tesla's mission.

 

On the topic of stocks, Tesla stock is still very iffy.
Just 7 months ago on June the 3rd 2019, Tesla shares were trading for only $176.99.
It's still a roller coaster ride.
Will be interesting to see what happens in 2020 with tax credits gone.

https://edition.cnn.com/2020/01/04/i...ses/index.html

 

I would personally be hesitant to buy Tesla stock. But then again I find the stock market a little too risky in general for my tastes... Of course I know you can get rich, but you can also be wiped out.

 

The tax credits had reduced to the point that the impact of their elimination will likely be minimal. They were never a (direct) factor for leased Tesla cars anyway as the leasing company and not the lessee was entitled to the credit, and with both Tesla vehicle pricing being so fluid and customers being willing to pay MSRP there was likely little contribution to sales from the credit alone. As for stock price, the obvious advice for TSLA is to risk option trading at your peril, shorting the stock in particular, but as a buy and hold stock there is still upside. I'm at close to doubling my mid 2019 investment. I may sell some but I'm likely going to hold what I have as I think there is still room for market-beating upside. There's nothing wrong with a stock being a roller coaster. You just need to have the ***** to not get spooked by short term drops and a level-enough head to not get too excited by rapid increases. TSLA is by many metrics overvalued, but it is still a good investment, IMO, if you have the risk tolerance.

 

This is very poor way of looking at stock investment.

Diversification is key.
Every person should have:
1) Liquid Savings
2) Retirement Savings (401k/IRA in moderate risk investment vehicles a la S&P500)
3) Real Estate
4) Safe Investment (Tax free muni bonds, CDs etc)
5) Aggressive Investments (Individual stocks a la Tesla etc)

This is just general overview. But most savvy investors don’t put their life savings in any 1 area and therefore should never be “wiped out”

 

AJT123 has a very good point about stocks...he is basically correct. And, to your point, if one is going to choose one area to concentrate on, #4 (munis, tax-free) probably makes the most sense in the long run. They are generally safe like CDs, but pay more interest, and tax-free interest at that.

As far as Tesla stock is concerned, I also agree with AJT that I wouldn't touch it right now, either. There are at least some signs (although not totally conclusive) that Tesla stock may be close to this point right now:

 

Tesla is a high risk high reward proposition, same was true a few years ago with AMD I made some good money on their stock but I did sweat it out for quite a while. Wish I had bought more.

 

If the stock splits, which sometimes happens, you'll have twice as many shares...but, of course, for now, at only half the value per share, unless it keeps rising. And, as I just mentioned the last post, I wouldn't be surprised if the bubble burst pretty soon. But, hey.....I've been wrong before on some stocks.

 

Now is NOT the time to buy Tesla stock, but to sell.

I would have bought Tesla stock 7 months ago when it was trading for just $176.99.

 

I aint selling my Tesla stock lol

Whenever you have the opportunity for high rewards, you have high risk. Thats simply a fundamental reality of investing. Don't take advice from people who by their own admission don't invest in stocks. Listen to people who do, and do so successfully.

Bottom line is anybody that hasn't been invested in the stock market over the last several years has left a fortune on the table. Like RNM very correctly pointed out, its a piece of an overall investment strategy. How big a piece depends on your overall strategy, your age, how long until you retire, your appetite for risk, etc.