Elon Musk is a real showman, one of the only people who can take a company that worth 60-120 B$ and pop it up like a Monster Super Baloon that worth on paper 600-700 B$ and yes we believe that it will pop up but listen, people, even he sold some shares.
He is a great showman, once he was considered as a clown (like to smoke some green in Radio-TV SHOW) but we never consider him like that and we can see somebody that has a great touch but there is always a but because people aren’t stupid and with a big investment in stock we want some profit, and with the upcoming EV wars as we always here told in our blog all over the way 600$-800$ is way way too much for an automobile company that still began to be profitable several months ago.
We believe in Elon but please don’t be stupid now times – money is life and when you buy like this it’s like you take from your family! please be careful even if there is a magician CEO that can pump it from 650 to 720 and more but the real value is much much less and yes even he clownly told Tesla is too much (and it was before 700$)!
Yes in Reddit he gets still a lot of attention and with his new coin (we do not believe in cryptocurrencies – this is Ponzi) but as high you buy, you just fall more, Stock maybe also Ponzi, there are companies like eBay, earned 10 times more than Tesla but evaluated 16 times less!