Ever wonder if they are short sellers, boost the stock price and sell at the top, it will be great entertainment watching how all this plays out through to the end of the yr, I do feel for the easily lead and those who had no say with their 401K, a price boosted by SiFi talk and not actual company profit figures can only remain high until the bubble bursts ..... and it's not like it's never happen before, eh ...... T1 Terry
Sorry to disappoint, but this old man is doing just fine. You don't have to be a hater to make a living or pay for retirement.
Converted 401k over time into TSLA by taking losses on gold and a technology fund and moving all to TSLA stock About 10x capital gains value Read (still have) Musk biography Have 180,000 mi Tesla with FSD Sold all TSLA for a non-TESLA solar roof Capital gains canceled by the tax credit Lost confidence in Musk when he became distracted by his Twitter folly My obsession is reducing my operational expenses by efficiency and technology. Musk has no monopoly on that. So I have no problem buying when he offers a competitive, better deal. If being a cheapskate is an obsession, then that is me. Never forget I owned Prius 2005-2019 like many here until better came along. First a 2014 BMW i3-REx in 2016 and in 2019 traded in my last Prius, a Prime, for my 180,000 mi Tesla. So yes, I am obsessed with living cheap. Bob Wilson
Big difference between living cheap and wasting money. If you are paying electricity bills rather than generating your own power via solar, you are wasting money. If you by fuel rather than charging your EV from your own solar, you are wasting money. If you have no plans to live on the moon or Mars, or crunch huge numbers as part of your every day life, then why waste money investing in data centres, rockets and moon/Mars colonies. Better returns to be had making your household self sufficient, no more fuel bills or electricity bills is great way to start. T1 Terry
Brilliant strategeries! Buy a $25,000 grid-tied solar system to save $100 a month in utilities.....or a $40,000 BEV to save $100 a month in gas! That's MUCH better than investing it or establishing an emergency fund and zeroing out your debt! -this is why I take financial advice from people who are politically agnostic.
I guess that is to be expected from someone who posted a reply: ""ROI" is a Russian bot answer." While I see some good reasons for doing what he did, personal finance is not among them. Especially for someone with a remaining life expectancy of only a dozen years. Young aspiring investors should get their financial advice ... somewhere else. Very glad I did.
I can make a good use-case for building a grid-tied solar system into a home under construction - but people should be clear-eyed about what they're paying and getting. If the stock market is over-bought in 2027? Then most new home purchasers are REEEEAAAALLY overspending on their first homes. They call them MORTgages for a reason - and a 30-year home loan is in many cases the BEST investment that a young person or family can make!!! Me? I'm young enough to buy green bananas, and my intentions are to start dabbling with solar, but I have NO FREEKIN BUSINESS yanking $25000 out of savings to have some professionally (??) installed solar system. While it's true that it "might" add 25K to my home value, that's like putting $25K into a savings account to raise ITS value by $25k........ Yeah. I might save $100 a month in electrical costs but I also have to worry about upkeep and maintenance.....not to mention the RFI (an issue for me) and the esthetics (an issue for my CFO.) Nope! A BEV is a HARD NO for my CFO, and it doesn't make walking around sense for me. I would probably go for a PHEV because....2 fuel sources > 1 - but my CFO gets 'next pick' and........... .........Happy Spouse. Happy House!
Reality is different: ~$64,000 solar roof system bought free and clear from no-dividend TSLA stock. Tax credit wiped out the capital gains tax I still own the house and solar roof Solar roof cut electric bill in half over the first full year. $24,000 new 2019 BEV by trading in former 2017 Prius Prime that offended my engineering values (yes, some people liked it but I had a 2014 BMW i3-REx.) Bought BEV for 2019 AutoPilot, $1,200 extra, that saved me and my family the next month. I buy things for my requirements and have no expectations (or projections on others.) Git what makes you happy. There are alternatives. Bob Wilson
