No. of Recommendations: 6
Is there a point when TSLA becomes attractive?
Probably not for me, at least not in dollar amounts greater than what is essentially a lottery ticket purchase. I won't go into the numbers, given my reasoning has more to do with a trust factor than a profit factor. I find it very hard to take Musk seriously when it comes to running a business, and the fact that he has thrown around his shares of TSLA to fund his bizarre seemingly impulse purchase of Twitter, has me wary of him as a majority shareholder as well. One does not seem to be able to apply rules of normalcy to anything Musk does, which may be how he achieves his creativity in development, but is undesirable in corporate management.
Frankly concerns about TSLA is one reason why I focus on QQQE v QQQ and RSP v SPY. I would rather spike my ETF returns by buying stock I believe in that is already in QQQE and RSP, rather than letting them overweight me in ways that turn my stomach.
Am looking at other holdings in the EV market, such as RIVN, F, and even TM as a compromise measure given my lack of ability to buy an EV due to MY needs re range. YMMV, so to speak. Too early to post anything here on that.
FWIW,
IP
