Frankly speaking, I read about Musk going bankrupt every month since Tesla's were introduced, than SpaceX was supposed to sank Musk (until it turned out that it and Virgin "disrupted" space industry), than Twitter purchase, now we have Cybertruck.
Not being a fun of Musk as a person (as I am not fun of B. Gates or S. Jobs) I do appreciate that he delivered a breakthrough in at least two industries that were considered staled, unapproachable and closed to existing players (space and automoto). So I will give that Cybertruck a benefit of doubt.
The fundamentals have changed. Sales are tanking. I’m guessing the share price is being propped up by some financial shenanigans and retail investors.
FWIW I was an early investor in TSLA, back in 2012. I made 30x my initial investment. I lived the company and was a big fan of Elon until something happened to his brain.
I have observed this company for a long, long time.
Same as you, I think. Invested in 2013… I have sold more and more shares as the market cap reached ridiculous levels compared to other car companies, and as I felt Musk was over promising and under delivering more and more.
He has mislead both investors and customers for years, but his recent behavior and statements have been, at the very least, odd. Even disregarding politics, I don’t believe that he is steering Tesla in the right direction, and he is not behaving as a responsible or serious CEO with a clear meaningful vision for the company, or as someone who even cares about it.
Not sure if something happened to his brain, but it doesn’t feel normal, calm or rational.
Not being a fun of Musk as a person (as I am not fun of B. Gates or S. Jobs) I do appreciate that he delivered a breakthrough in at least two industries that were considered staled, unapproachable and closed to existing players (space and automoto). So I will give that Cybertruck a benefit of doubt.