My Tesla stock with a $17/share cost basis says otherwise.
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.
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.
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.
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.