Elon is a teaser. Nobody buying TSLA can claim that they are not privy to his antics or news. After all, he is the ‘Iron Man’ in real life.
Fundamentals of company is promising but currently overvalued. Do we not buy into a company’s potential? He sold his shares to own more of his company. Do you think he is quitting? Price fluctuations are expected as speculators flock to it while investors fret with anticipation. Question is when the dust is settled, are you in or out?
If EV is the future, where should you position yourself? Can you stomach the volatility and reap the long-term benefits? Do your DD and decide. Ask oneself instead of others’ opinion. Speculators trade on news/rumours but investors buy into the business based on result outcomes. Choose yourpill.
Musk has sold 70.18% of Tesla shares promised to bear
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