Re:Q2 2020 Update
by itsoktocry on Wednesday July 22, 2020 @05:19PM
(#23921715)
>My Tesla stock with a $17/share cost basis says otherwise.
Tesla's IPO price was $17. So you got in right on the lowest price the stock has ever been and never bought another share since? Amazing.
OP never said all his stock had a $17 basis, just that they held stock with a $17 basis. I agree, the capital appreciation of TSLA stock is truly amazing though.
Re:Q2 2020 Update
by toomuchtodo on Wednesday July 22, 2020 @05:27PM
(#23921803)
Mostly correct. I performed swing trading along the way up, but still hold all of the initial IPO investment (yolo’d my Roth IRA). Was sold after my first Roadster test drive.
Re:Q2 2020 Update
by toomuchtodo on Wednesday July 22, 2020 @08:07PM
(#23922885)
s/Was sold/Was sold on the company and investment/, after realizing my comment might be ambiguous.
Re:Q2 2020 Update
by zacksinclair on Wednesday July 22, 2020 @05:42PM
(#23921934)
Your good investment from years ago does not make Tesla a good investment at today's price.
Re:Q2 2020 Update
by toomuchtodo on Wednesday July 22, 2020 @07:52PM
(#23922801)
Something being potentially overpriced today does not mean it’s not a good investment. It definitely is or was for those who identified the value arb prior to today and executed based on that.
Is Tesla overpriced today? We can only speculate based on potential and execution ability.
Take the the other side of the bet and short it if you doubt the long term value. The world isn’t going to suddenly stop supporting climate change mitigation through policy. It’s only going to ramp up, leaving legacy Orgs in the dust.