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> Tesla is a giant confidence game - as are most high growth opportunities. Do you literally mean that Tesla is a scam? (That’s the normal meaning of “confidence game”, i.e. “con game”).
The difference is intent. A con is a confidence play with the intent to deceive. Elon’s MO is a confidence play with intent to succeed — the confidence motivates success of the organization (at great labor cost) that would otherwise be unobtainable.
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Both Apple and Tesla sell luxury electronics. The difference is in just in the size and the number of moving parts.
That's like saying that both Ford and SpaceX sell freight vehicles.
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Linear approximations aren't really the best way to do time series predictions.
Better than Elon's exponential approximations: https://twitter.com/elonmusk/status/881757617416056832 I'm not necessarily saying "TSLA Will definitely run out of money in 3-quarters". I'm saying "TSLA is currently, on a linear-approximation track to run out of money in 3-quarters". Obviously, the Model 3 rampup will improve profitability. But the Model 3 Ramp-up also requires more resources (more humans in the assemb…
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Picking stocks like that is not considered a good way of investing your money (unless its a small portion which you specifically don't expect to appreciate). I urge you to reconsider your financial planning and perhaps take a look at ETF's.
well, I do invest in ETFs and also pick the stocks I believe in and invest for long term. Since I average it out over several years by investing fixed amount every 15 days, it worked out pretty well for me. (esp. investments in BTC, ETH worked out great :-) ). But I agree I might lose in few of these (or most) I pick and I am okay with that.
My class 90% lost money, 9% broken even, and 1 person got a ridiculous return. I learned from that, just invest in the index. Remember, you have to make more/less than everyone else...a nominal return of 20% doesn't mean anything if everyone made 50%. Last year, the NASDAQ earned nearly 30% two years in a row - that's par.