Reply to Is $TSLA a buy here?

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[quote=Anonymous][quote=Anonymous]OP here just taking a victory lap. The stock is up 34% in the last three weeks.

I’m not taking a victory lap because I think I’m so smart. Actually, it’s the opposite:  it was so *obvious* that the only reason the stock dropped 50% was that people were using the stock as a way to voice their displeasure with Elon Musk’s political accomplishments.

All the other explanations that people tried to make this thread—that it’s just a meme stock, that the P/E ratio is too high, and so on—were nonsensical because all of those things were true before DOGE began its work.  For those explanations to make sense, one would have to believe that the market suddenly realized that $TSLA was an unjustifiable bubble at the exact same time the Democrats began foaming at the mouth over USAID cuts.  Of course, this is utter nonsense.

To be clear, while I am still continuing to hold $TSLA, it very well still *could* be a bubble.  The point I was making was that there was no rational reason, based on the business or the industry or the broader market, that the stock price should’ve dropped 50% in a matter of weeks. Indeed, it was just one of those unusual moments that harkened back to the types of situations that caused Charlie Munger to say, “If others had not been so stupid, we would not be so rich.”

So the lesson of this thread is the following: YOU. DON’T. MAKE. INVESTMENT. DECISIONS. BASED. ON. POLITICS.[/quote]

It is an unjustified bubble and a meme stock, DOGE & Musk Co was the just the prick needed to pop hit.

It only went up because of politics back during the pandemic, as a company it’s way way overpriced [/quote]

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