My investment thesis was made prior to my purchase, not after. I make a decision and I stick to it. This is a 5-year investment for me.
Re:Why Tesla stock is vastly overpriced
by fakedang on Sunday December 20, 2020 @03:58PM
(#25489435)
I didn't say you made your thesis after buying it. I'm saying you might be overweighing your thesis when you bought into the stock, being the natural hopeful optimists we all are. That being said, there's always the chance that Tesla could be an Apple for cars, which pretty well sums up my opinion about the car itself - great design, but lots of sharks in the water. Of course, Apple has it much easier.
- Sincerely, a TSLA hodler since summer 2019, when I bought my first car, a Tesla.
I'll be holding the stock I have, but I don't think traditional car companies are going away any time soon. On the contrary, I'm thinking of getting a Taycan, a BMW or some other EV car.
Tesla isn't overpriced per se, but once the spigot of cheap debt and printed money stops, we might see a good decline from the stock market. Not that I'm going to bet against the market either.