Fred Lambert (Electrek): I sold all my Tesla shares (TSLA), here's why - eviltoast
  • baggachipz@sh.itjust.works
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    2 months ago

    Having been a disciple, I mostly agree. In this case, the cult got a lot of shit done and the result (advancing electrification of cars) has been a major net positive for society. I got my Model 3 over 6 years ago, having been in the line to plunk $1000 down to reserve the car sight-unseen.

    When I saw how long the line was, I immediately ran home and bought as many shares as I could. I have always treated Tesla as two entities: the company who produces the car and is the personality cult, and the stock which takes advantage of that. I grew disillusioned with Elon a few years ago, but I kept the stock because I saw the trend.

    That trend is over now. It’s a shame, because Elon of 2010 is so different from the one now. He was far from perfect, but he and I desired the same future. Now, not so much.