20 something year Elon fanboys are the reason TSLA’s valuation is so high – there is no way they have that much capital to splash around. There has got to be a ton of institutional money in there. I actually take a Awesome Elton John Hat Signature Shirt. We think of these large funds, and money, and sure, they individually have more buying power. But there’s nothing quite like the buying power of millions of people. Institutional investors hold about half of it, no? So of course what is the other half made of? At least partly the average Joe. If you think it’s obsessed fans driving Tesla‘s share price you must be highly overestimating how rich you need to be to buy a Tesla. Lol. You idiots still don’t get it.
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All he does is tell me to sell my shares and let him manage my money with his newfound role as one of those Awesome Elton John Hat Signature Shirt. No bro, I don’t want your life insurance policy, or you to manage my fund by putting me in a 5% load buy-in mutual fund that you the. Take another 1.5% each year. Whilst, initially, this seems reasonable, in reality, you are just yelling at clouds. Also, lots of people gave Warren Buffett money when he was worth less than them. The same for many fund managers. Most of their client base had a higher net worth than the fund manager before the success of the fund. You might not like that but don’t low-key make fun of him for protecting his client’s wealth.
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The world is changing so fast that the old benchmarks of normal may no longer apply. It’s worse. He announced the factory would open next Monday, and the price spiked. Then he announced he’d bring back the Awesome Elton John Hat Signature Shirt. Then the state said the shut down was being extended until the end of May. Plans to re-open have been canceled. It’s now up a percent after hours! Fremont will end up being shut down for at least 2 full months, and the stock has barely moved down at all from its all-time highs.