What a shame, how will he ever survive now? Oh well…
Tesla is going to continue their downward trajectory the rest of this year. Their margins are going to continue to shrink, their P/E makes absolutely less than zero sense when they are not in triple digit growth mode and interest rates are going nowhere.
They’re also going to face increased pressure from their competition, driving sales volume down even further. “It’s a tech company!” No, it’s not, they build and sell cars and that accounts for over 90% of their revenue.
Without something shifting massively in the macro to signal boom times rather than hard times are ahead of us, sell this stock if you hold it and revisit their valuation in 2025.
A billionaire can lose 99% of their wealth and still be a multimillionaire. The rich have a safety net…and it’s the working and middle classes.
Musk didn’t really “lose” anything, not like you or I lose money. These headlines and articles play into the lie that billionaires win and lose like we do.
Billionaires care about those “losses” like they care about the price of bread. It doesn’t really matter that much to them. They’ll make a billion more tomorrow.
If half of your retirement savings were suddenly gone…for most people, that would be a calamity.
When you’ve got vast wealth like Elon, you’ve really got nothing to lose. And people start to seem like the price of bread.
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What a shame, how will he ever survive now? Oh well…
Tesla is going to continue their downward trajectory the rest of this year. Their margins are going to continue to shrink, their P/E makes absolutely less than zero sense when they are not in triple digit growth mode and interest rates are going nowhere.
They’re also going to face increased pressure from their competition, driving sales volume down even further. “It’s a tech company!” No, it’s not, they build and sell cars and that accounts for over 90% of their revenue.
Without something shifting massively in the macro to signal boom times rather than hard times are ahead of us, sell this stock if you hold it and revisit their valuation in 2025.
A billionaire can lose 99% of their wealth and still be a multimillionaire. The rich have a safety net…and it’s the working and middle classes.
Musk didn’t really “lose” anything, not like you or I lose money. These headlines and articles play into the lie that billionaires win and lose like we do.
Billionaires care about those “losses” like they care about the price of bread. It doesn’t really matter that much to them. They’ll make a billion more tomorrow.
If half of your retirement savings were suddenly gone…for most people, that would be a calamity.
When you’ve got vast wealth like Elon, you’ve really got nothing to lose. And people start to seem like the price of bread.