Anyone buy any yesterday or today? I increased my position by 50 shares today. A 15% drop seemed like a good time to get a few more shares. A lot of chatter SpaceX will merge with Tesla sometime in the next couple of years. Glad I didn't buy the SpaceX IPO. I think the robotics arm of Tesla is going to be huge long term and if a merger takes place, well, I'm confidently hopeful it will be positive. Any thoughts? Morningstar puts a 12 month price target for Tesla shares at @ $450.

Sounds Good

While i think Musk is a smart guy and a good engineer..........I have to pass on both TSLA and SPCX

SPCX doesn't yet earn a dime and the PE on TSLA is 347.79 !! That is astronomical IMO. And net profit is only 4%. If the two merged I believe it would be an even bigger mess. The only part of the whole works that is carrying the company is Starlink, and the other divisions of the company lose more money than Starlink makes.

I also do not think TSLA is viable long term. I think without ongoing federal subsidies to purchase EV's............ Toyota in the US and the Asian EV makers will eat Tesla's lunch.

Gonna be a lot of robotics competition from Asia also and not just China.

The idea I like the most is space based data centers. While it will be expensive to build them it will also solve the problem of the NIMBYs here in the states. Also, no land costs, property taxes, reduced cooling because of the temperature in orbit, constant energy from the sun so no need for large power plants. and the technology already exists to move data between space and Earth efficiently.

Well, the vast majority made in the market, and lost, is based on speculation. I'm betting on the smart guy and the many irons he has in the fire. Maybe, I should have sold when I had my first 100% gain...I hope not.

Well I hope it all works out for you in the long run.

i think he is going to face a lot of political blow back when the government flips back the other way

"The cost to deploy 1 megawatt of solar panels in space is currently estimated at approximately $154 per watt (or $154 million for a 1 MW system), primarily due to high launch expenses."

AI

I wonder if that takes into account the reusable launch vehicle. Expensive either way

It's a concern, for sure, and I think you are correct in your assessment. I'm hoping to wait out the stupidity. I'm sure there will be some massive swings in the near term, but I also believe intelligence and common sense will rule long term. At least, I hope so! LOL. Meanwhile, In have some much safer investments, in case my gambles swirl the porcelain.

I didn't buy but buy and hold see where things shake out. I do have some of both scattered out in some fund that I own in Tech funds. Market timing never works in a mans favor so ride it out don't sell if things go south. I have seen to many do that and it was a mistake.

Good Luck!

Down 32% for the year. Thats pretty rough. $311 right now so we can see if it works.

LOL, it went South yesterday, so I bought more. Maybe, I'm an idiot?

I bought a bull put spread on it yesterday. Does that count?