One of the reasons I decided to sell all of my holdings in Tesla last November.
Purchased on IPO day many years ago.
The "easy" money was made during that time.
Musk isn't interested in his shareholders. I'd wager that Musk would say there was no "easy" money during the time you held your shares. I've known a number of people who started small businesses, and I don't think any of them would have ever said there was "easy money" to be found in really starting a business.
This company is just getting started.
I expect you will, one day, feel like I feel about Netflix. They pissed me off when they stupidly tried to split the company in two, but I hung on. One day, I said I'd had enough, I was way ahead on some calls and my shares, and I sold it, took my gain and never looked back.
The reason I never looked back is because the damned stock is now, ten or fifteen years later, $1100/share. I think I sold it at about 80. I still can't stand the management, but I do wish I'd kept the stock.
Tesla is in a far stronger position than Netflix, imo. Although, the greatest threat IMO, is serious: Tesla depends on the continued success of one man, an untenable position for a large gamble. But I went into it knowing was a gamble. |
