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Tesla, Zoom, and Nikola. Insanity of US Stock market today
“Tesla market cap is now worth the rest of 18 car makers combined. This includes BMW, Toyota, and Audi. These car makers sold over 44 million cars last year. For Tesla? It was 36,000. Elon Musk is now the third richest in the world,” said David Faber from CNBC Squakbox as I turned on the news today. Are you freaking serious? Do these investors even have a clue what they are doing right now? I have been invested as a long term investor for about last 8 years, and this is the first time I’ve ever experienced a madness like this.
Don’t get me wrong. I love Tesla though I neither own the car nor own the stock anymore. I believe in Tesla’s future and that feeling has unchanged ever since I first knew Tesla. I was one of those who anticipated and pre-ordered Tesla Model 3 right at the moment when it launched, though I cancelled the order few months later because I decided to stick with my good old Honda Civic, followed Tesla Model 3 Facebook Group, closely watched Tesla Model 3 official reveal, and bought Tesla stock when it was not so “hot.” I believe in Elon Musk’s other ventures, internally cheering for Space X, Solar City, Boring Company, OpenAI, etc. Heck, I even bought and read…
