I congratulate you on your success, but I'm very far away from "investing for shits and giggles". Not everyone has millions of dollars they can give to a company just because they are morally aligned to them. If a company stock isn't going to be a good place for me to store money for the next 5 to 10 years, then I cannot purchase it.
I simply don't live in that kind of world financially.
1) I invested when it was $17/share when they went IPO. It was a gamble, but a gamble I was willing to make.
2) You don't have to live in that world financially. Just understand that everyone is attempting to push in the right direction, as Tesla is doing.
I'm not a Tesla fanboy by any means. I'm a "please for the love of god fix the energy sector before we all die" fanboy.
Again, I congratulate you on your success, but you and I live in very different worlds.
It is a big deal if I can scrape together $5000 once or twice a year for a stock purchase.
> But at a price of "Worth more than FCAU", the stock is horribly overpriced. I expect $20 billion companies to... make a profit. Just saying.
I don't. I expect them to deliver electrified mobility, which they're doing. Why would they turn a profit in a capital intensive industry so soon? I would expect them to burn cash for at least 10-20 years before they're profitable, when you're spending billions of dollars to tool up.
They don't even need to profit! They just need to break even (just like Amazon plows all of its cash into growth).
And I must ask: Why do you care if you don't own Tesla stock? As someone who holds tens of thousands of shares of Tesla stock, I'm willing to give them decades to be profitable. I don't even care if they're ever profitable! As long as they replaces as many internal combustion vehicles as possible.