Come on now, Roland brought up bitcoin in a thread dedicated to Tesla. Why else bring up bitcoin if not to imply some correlation with the comment, "Well, I mean based on that criteria, bitcoin was/is a good investment." He didn't say by that criteria any stock that goes up is a good investment or by that criteria Facebook is a good investment. There was no other reason to use bitcoin to make his point other than to put the two together and imply commonality. It's not the first time bitcoin has been used in this thread to try and tar Tesla as highly risky.
FWIW, I also interpenetrated your comment the same way.
Regardless, I think Telsa is highly risky. By any conventional metric, Tesla stock is very, very expensive. Which is to say there is a lot of future growth already priced into the stock.
Telsa as a stock reminds me of the dot com bubble. There were plenty of good tech companies that survived the crash, but didn't see their stock prices recover for many years. In some cases, it took a decade or more.
Growth stocks are always valued at future growth or else it wouldn't be investing.
Could Tesla fall short of expectations and future value, sure.
I don't buy the comparison to the dot-com bubble. While part of Tesla's valuation is based on software, they are first and foremost and manufacturing company for transportation, energy storage, and renewable energy products. There is intrinsic value to their manufacturing facilities, patents, inventory, supercharger network, etc. None of which you had with the insane dot-com bubble.
Where is the risk in a company that is selling every battery pack and vehicle it makes at a healthy margin with no competition in sight?
New ATH today, currently $544/share.
Making money while helping us transition to a sustainable energy economy and creating well-paid manufacturing jobs. Has there ever been a better win-win-win?