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To: Art Bechhoefer who wrote (211030)

10/29/2021 5:18:39 PM

From: Stock Puppy

Read Replies (3) | Respond to of 213037

Meanwhile you have stocks like Tesla, valued more than Ford and GM combined. It makes no sense.

I say this as someone who never had $ in Tesla stock except perhaps unknowingly via a mutual fund:

Tesla has tremendous potential and they are well ahead of other car companies in terms of electric cars, besides the other things that they are sticking their nose into.
They were clever (or lucky) enough to avoid the current chip shortage that is plaguing other car companies and at least for now, politically, there is a strong push for electric cars.

One might argue this: just like it wasn't too wise to underestimate Steve Jobs,
the same probably goes for Elon Musk.
I am impressed by both his craziness and his accomplishments.

But it is a risk (I thought the same for Amazon - which I did own some stock and sold it for a relatively paultry profit long ago...) Heh.

Personally for cars, if I were to go electric, I would prefer a hybrid - the infrastructure will take a much longer time to put in place that these politicians seem to think, IMVHO. Much more needs to be in place even if there were many charging stations.

I'd suggest looking for stocks with low downside risk, and I include Apple in this category because of its large cash reserves, dividends, cash buybacks, popular brand name, and future earnings, even if dampened by supply shortages.

Art

Much agreed.

If I had a lot of $$ in Tesla, I might have trouble sleeping.

With Apple, there is a lot less downside potential and I sleep like a puppy (see below)!

But still waiting for the Apple "beleaguerment" to diminish - come on, let's have some insane PE's! :-) :-) :-)
(maybe will happen when we have flying cars or nuclear fusion... eh.)

To: Art Bechhoefer who wrote (211030)	11/4/2021 3:28:21 PM
From: yofal	2 Recommendations Recommended By Doren Stock Puppy Respond to of 213037

I guess TSLA is just another meme stock now, with rabid fanboys/defenders and hedge funds only too happy to move large sums around to create these reactions to minor announcements. Seems counterintuitive that short-savant Michael Burry should give up his position, and long time champion Cathie Wood moved funds out of it, just before this run. Too big to fail now? Not sure I would bet on it…

To: Art Bechhoefer who wrote (211030)	11/6/2021 3:28:20 PM
From: i-node	Read Replies (1) \| Respond to of 213037

>> Meanwhile you have stocks like Tesla, valued more than Ford and GM combined. It makes no sense. Far more value than Ford and GM combined. How many parts could one take off of a GM car and find a direct analog on a Tesla or the [to be] Apple car? The tires and wheels, I guess, but most everything else is just out with the old, in with the new. Ford and GM are well positioned to become specialty suppliers in the next ten years. I saw an ad for Ford's self-driving the other day, where they were trying to spin the notion that once you manually guide it to a lane it will pretty much stay in that lane. Not impressive when true self-driving systems are going to cut insurance costs because they're safer. If in fact Tesla has a backlog for a full year, I think it would be nuts to bet against them. Apple is clearly having to re-think its navigation system to adopt some of Tesla's, but that is a really big project and will take time. Apple lacks the raw creative talent that Tesla has today. Which is surely the reason they have suffered from a creative deficit since Steve died. Steve was about changing the world. Elon is about changing the world. Tim is about making the most out of what he inherited. All valid strategies. I would not want to compete against Apple or Tesla ten years from now. Between now and then, Tesla is going to make a lot of friends around the world.