I'm With Stupid
Well-Known Member
- Joined
- 6 May 2013
- Messages
- 20,576
He invented loads of things, just like Thomas Edison.
I was being generous. Very generous.Is he a genius though or did he get lucky with a couple of well timed investments? As far as I’m aware, he’s never invented anything himself.
First it was nonces, then dwarves, now we slag off dishonest chancers? Ffs.A dishonest chancer. Often they succeed at first and then crash and burn. See Sam Bankman Fried. Musk will crash and burn. Maybe it’s happening now.
You’re aware it’s a car manufacturer yeah?Google any major US tech type company, they're all the same and the market is being blindsided by recession and crippling confidence. Microsoft -25%, Apple -26%, Amazon -50%, Alphabet -37%, Meta -64%.
The only things that have gone up in price are arms dealer stocks and the price of gold. These two things are not usually indicative of great times....
Let's see what happens when the results come in January? It's literally impossible that they won't be very good. Many investors are being spooked but that's because it's a hyped stock and they're losing money whilst refusing to wait this out. Any investor in any tech company this year will tell you that story though.
So my best revised suggestion is yeah bail out on Tesla but don't invest it in Apple instead. If you want to make money then well at the moment the best option is to invest it in missiles and guns....