Financial Samurai - Forums

General Investing => Stocks And Index Funds => Topic started by: Sam on September 14, 2018, 10:42:47 AM

Title: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on September 14, 2018, 10:42:47 AM
My softball buddy, who is a preschool teacher and makes around $55,000 a year bought a $52,000 model 3 three months ago. I test drove his car, and I liked it.  So once Elon started losing his mind, I decided to buy about $30,000 worth of the stock at $280.

Anybody else a shareholder and have some thoughts on this company’s future? Clearly, there’s been a lot of turmoil and they will need to raise more capital to keep Operations going.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Young And The Invested on September 14, 2018, 12:46:19 PM
I badly want the company to succeed, but as things stand, I wouldn't stake any of my own money on it.  That's a risk I'm not willing to bear until I see some leadership changes that reign in capital spending and communicate execution and reasonable goal-setting.  The company's grand vision aligns with a world where investors freely give their capital without expectations of it being put to productive use, let alone returned.

Until Elon is relieved of his duties at the top, I'm afraid to invest in the company.  He seems like one of those geniuses who's figured out everything already and gets frustrated when the world can't seem to keep up.  He's more geared to fill a senior engineering or R&D role than CEO, in my opinion.  That role is more like chief diplomat or politician.

But you're probably on the right side of the investment after the #FundingSecured debacle.  Someone will realize Elon needs to be replaced, upon which time the stock will skyrocket.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Hayden on September 14, 2018, 01:32:47 PM
But you're probably on the right side of the investment after the #FundingSecured debacle.  Someone will realize Elon needs to be replaced, upon which time the stock will skyrocket.

I agree with what you're saying here. I think that most of Tesla's stock rides on the idea that people either do not like the idea of Tesla or they do not trust Elon. I personally am not educated enough on either side, so I am going to stick my investments elsewhere for the time being. I could see if the leadership changes the stock will absolutely increase substantially.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Young And The Invested on September 18, 2018, 11:46:33 AM
And now the inevitable criminal probe from the Dept. of Justice in response to #FundingSecured.  I do think it's only a matter of time before Tesla's board has to give serious consideration either to replacing Elon or appointing a very strong Co-CEO to manage the company through its many troubles.

Sam, your bet on Tesla might be directionally right in the long-run.  But there's a lot of uncertainty between now and then. There may be more downside before upside in the near-term.  What is your investing horizon on the the position?  What would you need to see happen to consider selling?
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: hyperobjeckt on September 27, 2018, 02:29:20 PM
aaaaaand here's the SEC suit: https://www.scribd.com/document/389619143/SEC-v-Musk

What do you guys think... buy the dip? Or is this company not worth owning even at the newly lowered price?
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on September 27, 2018, 03:49:11 PM
aaaaaand here's the SEC suit: https://www.scribd.com/document/389619143/SEC-v-Musk

What do you guys think... buy the dip? Or is this company not worth owning even at the newly lowered price?

I’m gonna be buying the dip!  I have two more $30,000 tranches, so plan to use my second tranche on this news. I enjoy taking bets. Not bet no win as they say.

How about you?
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Orphan on September 27, 2018, 03:53:12 PM
aaaaaand here's the SEC suit: https://www.scribd.com/document/389619143/SEC-v-Musk

What do you guys think... buy the dip? Or is this company not worth owning even at the newly lowered price?

I’m gonna be buying the dip!  I have two more $30,000 tranches, so plan to use my second tranche on this news. I enjoy taking bets. Not bet no win as they say.


I think a look at BA would be in order...they build nice airplanes...
How about you?
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: TravelGirl on September 30, 2018, 06:40:10 AM
I heard something strange from someone trying to buy a Tesla in Texas.  You cannot buy a Tesla in Texas, you have to buy it in California and then re-register it in Texas.  In Texas there are no dealerships, just showrooms with lots of cars.  They cannot even quote you a price for the car or give any indication as to how much taxes/registration will be in Texas.  Are there other states that are anti-Tesla?  I was baffled that it was even legal for Texas to prohibit them from selling the cars.  I haven't researched it so I'm not sure how much truth there is to it, but I'd find it disturbing if I wanted to invest in Tesla.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on September 30, 2018, 04:59:39 PM
So glad Elon settled “for $20” million this weekend.

Stepping down from board will help him too.

Here’s to a rebound on this yo yo stock.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Kendall on October 01, 2018, 08:47:40 AM
I have been buying tastes of this yo-yo since the "funding secured" fiasco. I sold at $310 last year to fund a kitchen remodel and had sellers remorse ever since.

I feel there is enough of a business to make TSLA a worthy bet, but it also feels a little like gambling.

I have experienced companies that become roiled in controversy causing me to sell, but then regret it. EBIX comes to mind. Short selling research company brought light to some of the behaviors of its CEO Raina in 2013. I sold, but EBIX has gone on to be a multi-bagger.

Tesla produces a product and appear to be motivated to turn the business profitable. That is enough to convince me to put some discretionary money into TSLA and hope.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: hyperobjeckt on October 01, 2018, 10:34:24 AM
aaaaaand here's the SEC suit: https://www.scribd.com/document/389619143/SEC-v-Musk

What do you guys think... buy the dip? Or is this company not worth owning even at the newly lowered price?

I’m gonna be buying the dip!  I have two more $30,000 tranches, so plan to use my second tranche on this news. I enjoy taking bets. Not bet no win as they say.

How about you?
I enjoy taking bets too but I'm gonna pass on this one. Telsa continues to be a fun stock to watch from a distance, though ;D
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on October 31, 2018, 07:36:06 AM
One risk I see is Tesla raising money via primary shares in the open market to fund their capex, despite reporting a profit in 3Q. Issuing new shares dilutes existing shareholders.

But the more I think about Tesla, the more I like it as a 5-10 year hold. Elon is brilliant if you read his entrepreneurial endeavors since he was a teenager. Tesla and Elon will get unlimited amount of funding for whatever he needs to grow.

Tesla is simply not just a car business. The enterprise value of the business is so much more in the long run.

I might actually see Elon soon at a private event. Will at least be able to observe who his date will be :)
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on November 07, 2018, 02:44:45 PM
Met Elon and his girlfriend this past weekend. I’m bullish! The new truck is going to be sweet.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Dario33 on November 08, 2018, 07:37:44 AM
Met Elon and his girlfriend this past weekend. I’m bullish! The new truck is going to be sweet.
Awesome.  8)
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on November 21, 2018, 06:23:30 AM
It's funny, b/c when I was working in Equities, I bought stocks based on fundamentals. I'd look at their earnings forecasts, valuations, expectations etc and make a decision.

Now, as a business operator for almost 10 years, I focus much more on the PEOPLE I want to invest in. Tim Cook, from Apple, is not an innovator. He is a hired CEO who got rich, just like Sundar Pichai got rich becoming CEO of Google. Elon is a whole different ball game.

I'd much rather bet on Elon 10 years from now, all things being equal.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on December 03, 2018, 07:05:54 AM
China plans to lift tariffs on US made cars. Nice. Tesla sells about 10K-10.5K cars in China. They had to lower prices b/c the overall tariff would have been 40% after China planned to slap on another 40%.

Update 12/7/2018: Doesn't look like the news was true, but this tariff cut is on the tables during the 90-day negotiation period with Trump and Xi.

Go Tesla!
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on December 07, 2018, 06:59:07 AM
More bullish news.

Jefferies analyst Philippe Houchois turned bullish on the electric car maker, citing optimism over the company's profit, self-funding and productivity potential. Houchois raised his rating to buy, after upgrading it to hold in April. He raised his stock price target to $450, which is 24% above were it closed Thursday, from $360.

Houchois said that after "unrealistic goals" for growth, industrial ramp and automation have been rebased, Tesla is still one of the few original equipment manufacturers that are likely to growth earnings in 2019 and 2020. After visiting Tesla's Fremont, Calif. facility, Houchois said there is "meaningful scope" to improve productivity and offset the erosion in average sales price with the Model 3. "Tesla should continue to stand out with broader price points, battery security of supply, product edge and a brand that transcends the volume/premium divide," Houchois wrote in a note to clients.

"In short, in the year ahead we think only Tesla will avoid a volume zero-sum-game or negative margin trade-off in EVs." The stock has soared 38% over the past three months, while the S&P 500 SPX, +0.21% has lost 6.1%.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: JFox on January 04, 2019, 09:12:47 PM
With electric cars and plug-in hybrids becoming mainstream, how would Tesla keep a strong edge over other makers?
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on January 05, 2019, 05:05:51 AM
With electric cars and plug-in hybrids becoming mainstream, how would Tesla keep a strong edge over other makers?

Gonna be tough. Model Y?

Hopefully a rising tide lifts all boats, especially the first boat.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Young And The Invested on January 10, 2019, 05:30:20 PM
I do love the marketing strategy behind Tesla's model names:

Model S
Model 3 (abandoned it on account of Ford)
Model X
Model Y

Clever.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Cheezus on June 20, 2019, 07:31:08 AM
With electric cars and plug-in hybrids becoming mainstream, how would Tesla keep a strong edge over other makers?

They won't.  Their cars just aren't that good.  I'll rephrase, they are pretty nice for RIGHT NOW.  But how many people would take a bubbly Tesla over a BMW, Mercedes, Audi for a similar price?  Tesla won't be able to outcompete on price and their quality control is notoriously bad, as well as parts and service.  How in the world are they going to outcompete major global automakers who will be putting out phenomenal (better) cars at similar or even better pricing?

I bet within 5 - 10 years, Tesla will sell or go out of business. There will be talk about how they changed the world, are moving in to more of a supply (battery) business, or something like that.  They are riding their wave right now being the best EV company and groundbreaking, but there is no way, not with these type of cars, that they are going to beat better manufacturers making much nicer luxury cars for similar pricing.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Young And The Invested on July 13, 2019, 05:25:01 PM
It wouldn't surprise me to hear Tesla getting acquired by a major FAANG company or some other tech-focused company with capital to invest.  With considerable investment and focus on execution, Tesla could make the jump.  However, as things stand, I don't see it surviving in its current capacity.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Kerplink on November 11, 2019, 07:07:07 PM
It wouldn't surprise me to hear Tesla getting acquired by a major FAANG company or some other tech-focused company with capital to invest.  With considerable investment and focus on execution, Tesla could make the jump.  However, as things stand, I don't see it surviving in its current capacity.

I don't think Tesla will get acquired by anyone - they are EV's at a time when EV's are getting ready to explode in adoption. I invested in June last year at $184 and think they will be going to new highs soon (currently at $345). Here's why: No matter how much dirt people try to throw at Musk and make it stick, he is actually an amazing driver of innovation and more visionary than Steve Jobs.

The kicker is that he's been relentlessly driving down the cost of manufacturing the Model 3 while increasing volumes dramatically. The naysayers keep talking about hitting the demand limit but even with the kind of production growth they have realized, they still can't meet all the demand. Currently, in the US, there is a 4 week wait for the Model 3. There are still a number of markets where the Model 3 has never been imported. China has huge demand that Tesla has just touched the surface of. With their lowered cost of production and lower warranty costs (due to ever-increasing quality), they are becoming a cash printing machine. The stock price will lead the profit growth as markets are typically forward looking.

The naysayers say existing manufacturers have high-quality EV's ready to come to market any time now and it's going to limit Tesla's ability to grow. I don't see that happening because other manufacturers simply cannot produce comparable EV's at comparable price points to Tesla who have relentlessly driven down the costs of the EV powertrain. The same people said 2018 was the year of the "Tesla Killers". Then they said 2019 would be it. During this time the new, longer-range Nissan Leaf was introduced, the Audi E-tron, the Jaguar iPace and the BMW i3. None of them are price and/or range competitive to the Model 3 or the Model Y which will hit the market in a few months. They cost too much for what you get when you compare it to a Tesla. This isn't just my opinion, it's evident in the low sales of these products that were supposed to be Tesla killers. Also, only Tesla has a well-built out Supercharger network for convenient interstate travel. I haven't heard the greatest things about the Electrify America network so hopefully, they keep improving and expanding it. For the foreseeable future, Tesla doesn't have any significant competition and they will be able to sell every car they make at a profit. I don't see this changing 'next year' like all the anti-Tesla naysayers have been saying for years now.

One other positive about an investment in TSLA at this time: Tesla has recently made two acquisitions that make it pretty clear they are moving to be more vertically integrated in terms of battery supply. This hasn't been confirmed by the company yet but it's one more positive surprise on the horizon that will help supercharge their earnings as they integrate a more cost-effective battery production to their operations. Also, the Tesla Pick-up is slated to be revealed on Nov. 21. For so many reasons this is a very promising time to be invested in TSLA right now.  I have a fairly high level of confidence that TSLA will increase in value 10 fold over the next 5 years.

BTW, I retired almost 20 years ago at age 37 which was made possible solely by investing in disruptive companies. I do my homework and follow the trends very carefully before risking my capital. I have followed Tesla since their initial IPO without being able to pull the trigger due to uncertainties, risks and valuation concerns. This all changed recently due the falling cost curve of BEV drivetrains and Tesla's dominance and excellence as an EV manufacturer. My wife bought a Model 3 in May of last year and it was such a stunningly well designed and built car that I bought one for myself a few months later. We have a total of 30,000 miles on them without a single issue and they drive better and are more convenient than any of the many nice gas cars we've owned. Once we made the switch we wondered why we didn't do it years earlier. The obvious answer is simply that we didn't know what we were were missing! They are better than comparable gas cars in so many profound ways it's ridiculous.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on November 11, 2019, 07:11:11 PM
I’m just glad Tesla stock is final back. What a dog! Lol

Sexy!
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Kerplink on November 11, 2019, 11:34:56 PM
Sam, I'm not sure if you are joking about TSLA stock being a "dog" or if you are just sampling too short of a time period. This has already been the kind of stock that one could retire on. The stock IPO'ed at only $17/share and is up 20 fold since then. For every $100,000 invested just 9 years ago, you would now have $2 million dollars.

IMO, the growth is entering its second major stage and will appreciate to around $4,000/share by 2024. The ride will not be smooth but smoothness is overrated as long as it takes you where you want to be.  8)
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on December 23, 2019, 08:13:22 AM
I'm definitely feeling good about Tesla now! Glad I held on. What a winner! Haha. You just never know with these individual stocks. But the upcoming lineup is incredible.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: WengerTodd on December 25, 2019, 07:30:16 PM
I bought TESLA about 6 months ago, and I'm a huge fan of the company, and a huge fan of Elon. It truly is / was an emotional purchase, which is not always the right thing to do.

Elon Musk epitomizes the American Dream that we all know it to be. The idea that someone can come from another country, run a successful company based on innovation, and succeed. I know that none of what Tesla and Space-X have done are his inventions, but he is a true entrepreneur.

I'd been a fan since I started hearing about him at some point in 2014. But I really started to get interested when one of my friends purchased a Model-X and took us for a drive on the highway in South Florida, while the car drove itself and even changed lanes. My <3 for Elon was solidified when I saw the two booster rockets from Space-X land themselves. It was totally unreal to me... and even got me choked up. The Tesla solar roof panels is another product I'm highly interested in, and when I'm finally settled (and don't have to move every 3-4 years for work), I'll probably install them on my roof.

The guy is eccentric and brilliant at the same time, and he's 100% what the United States is all about... innovation and opportunity.


... and yes, very happy I bought Tesla stock when I did.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Kendall on January 06, 2020, 11:12:55 AM
I can only hope!

Global Equities Research Sets Target at $4,000 for the Year 2030

https://wccftech.com/tesla-price-target-future-musk-4000/
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on January 13, 2020, 10:54:40 AM
Wow, who woulda though Tesla is now about $500! HODL! Feels like the early days of Amazon (shareholder as well).

The question is, what is the next Tesla stock? I’m looking at the cannabis sector, like Tilray. Totally hammered! Any hope there folks?
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: EricNJ on January 14, 2020, 07:17:18 AM
BYND - very high short interest, some interesting potential distribution partnerships, long term consumer trend in its favor and a long way to run to previous highs.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: barrazao777 on January 22, 2020, 06:49:14 PM
I'm bullish BIDU. the chinese version of google that's also working on self-driving cars.

I bought TSLA options back in April of last year and got burned badly but because I knew it was going to reverse at any time I bought some more and covered my losses from the first trade and made some good profits as well. I just wished I had held them longer or bought more after I sold.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: beerg8ggles on January 30, 2020, 08:08:52 AM
Congrats Sam... you just essentially covered the cost of a Model 3 with your investment!!  Nice  ;)

I completely missed this train on this one... do you guys think it's too late to jump on now?  Or wait for a slight pullback??
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on February 05, 2020, 05:40:40 AM
Congrats Sam... you just essentially covered the cost of a Model 3 with your investment!!  Nice  ;)

I completely missed this train on this one... do you guys think it's too late to jump on now?  Or wait for a slight pullback??

Thanks! Yeah, a ridiculous move, and am tempted to take profits. But I won't (https://www.financialsamurai.com/what-should-i-do-with-my-tesla-stock/)

In general, I don’t recommend any one stock position be greater than 20% of your entire portfolio. Therefore, if your Tesla stock is greater than 20% of your entire portfolio, I recommend taking some profits down to 20%.

But if Tesla stock is well under 20% of your portfolio, I suggest riding the shares out. The ride will be extremely volatile, but here are some reasons why.

In 10 years, there is a chance that Tesla extends its electric vehicle lead, lowers production costs, builds an autonomous global transportation network, becomes a power conglomerate, creates new efficient modes of transportation, turns into the next Amazon, and also becomes highly profitable. Just in case Tesla does reach all these goals, I don’t want to miss the electric bus.

Do you really want to miss the electric bus if Tesla becomes the next $1 trillion market capitalization company like Microsoft, Amazon, Google, and Apple? I don’t think so.

Clearly, Tesla stock is priced to perfection. Any execution missteps or earnings misses will cause the stock to tumble. Heck, the stock could easily correct 30% on no news one day given how quickly the share price has risen.

When investing, it’s important to invest in an entrepreneur and leader who is brilliant and constantly looking into the future. I think Elon Musk is one of the best people to look and plan ahead.

I’m hoping Tesla corrects 20% - 30% so I can buy more. If not, I’m just going to hold onto my 150 measly shares and see what Elon has in store for the world.

I'm currently really interested in Uber (still 20% below IPO price) and Tilray (-90% over the past 12 months).

Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Kendall on February 17, 2020, 01:38:39 PM
I have no plans to take profits on TSLA. I know that is not prudent advice, but if I had taken profits on AAPL on the way up I would be much, much less wealthy now.
I think that advisors and commentators simply are not able to be honest about what it takes to get rich from stock, whether it is because of fiduciary duty or concerns about career risk.
Basically make large, focused investments in a few stocks which is terrible advice from a risk management perspective.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on February 20, 2020, 08:06:52 PM
I have no plans to take profits on TSLA. I know that is not prudent advice, but if I had taken profits on AAPL on the way up I would be much, much less wealthy now.
I think that advisors and commentators simply are not able to be honest about what it takes to get rich from stock, whether it is because of fiduciary duty or concerns about career risk.
Basically make large, focused investments in a few stocks which is terrible advice from a risk management perspective.

Here's hoping Tesla researches ARK Investment's base case target price of $7,000 so we can all retire rich, happy, and free!

I do like how Tesla was able to raise $2 billion in new capital at ~$737/share, and the stock has stayed above this level so far. The underwriters actually have a call option to buy $300 million more at $737/share or so. If they do, they could profit by ~$60 million or do their institutional clients a favor if they want more at $737 or a slight premium.

More capital for Tesla means more opportunity for expansion. Just watch out for poor quarterly earnings due to the coronavirus. 
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: abhisharma01 on February 26, 2020, 07:56:56 PM
You made a good choice to buy Tesla stock. It is skyrocketing these days. I know there is some fluctuation but I still think that the stock price will go up.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on February 27, 2020, 12:13:36 PM
Ah, Tesla finally back under $700, and under the $735 secondary offering to institutions. I'm buying more. In fact, after this 10% stock market correcting, I've moved my equities weighting from 21% to 25% of net worth now and am neutral.

There's a 80%+ chance after a 10% correction that you will be in the money within three months. I like my odds.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on May 03, 2020, 08:33:22 AM
Hey guys, just a quick update, I sold 65% of my Tesla holdings after 1Q results. Can't believe it got back above $800 again.. Crazy. But I got greedy and didn't sell when it was at $800+ or $900+. Not this time.

I'm just gonna ride my remaining 52 shares and see what happens long term.

https://www.financialsamurai.com/freedom-is-way-more-valuable-than-money/
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: supportingmaps on June 24, 2020, 09:33:09 AM
I live in Chicago and grew up taking public transportation (high school-college). I know people buy luxury cars to flex but after a while you stop caring what others think. Besides cars are depreciating assets. The second you drive off the lot it depreciates.
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: Sam on July 02, 2020, 09:49:25 AM
Dang, I wish I didn’t sell 75% of my Tesla holdings between $800-$1,000!

Coulda been rich, happy and free if I held on :( lol.

At least I was able to write a story about I in CNBC:

https://www.google.com/amp/s/www.cnbc.com/amp/2020/07/01/i-bought-55000-of-tesla-shares-what-it-teaches-about-hidden-cost-of-big-investments.html
Title: Re: My friend bought a new Tesla model 3, I bought Tesla stock
Post by: titlewealth on August 13, 2020, 07:33:01 AM
My softball buddy, who is a preschool teacher and makes around $55,000 a year bought a $52,000 model 3 three months ago. I test drove his car, and I liked it.  So once Elon started losing his mind, I decided to buy about $30,000 worth of the stock at $280.

Anybody else a shareholder and have some thoughts on this company’s future? Clearly, there’s been a lot of turmoil and they will need to raise more capital to keep Operations going.

Not a bad investment if you are still holding :)