Tesla
I'm getting a kick out of all the "whining" and hand-wringing on CNBC and on social media, about Tesla "making more money selling bitcoin and / or regulatory credits than they do selling cars." Well, who cares? This is the thing. Investors and CEOs need to know what "business" they are investing in and/or running, respectively.
If you don't like the fact that Tesla is making more money selling bitcoin and / or regulatory credits, then move on. There's only a gazillion other publicly traded companies one can consider.
For example, I've maintained for quite some time that Apple, Inc., is in the "fashion" business. That's why they hired that former Burberry CEO some time ago (before quickly moving on). Apple sells hardware; they sell software; but at the end of the day, it's all about "fashion" and "marketing." If not, they might as well be selling Dell / Lenovo / HP two-inch-thick laptops. LOL.
Sure, long time, that might not be a great business model .... selling bitcoin and regulatory credits. But that "buys" Tesla time, doesn't it? I don't know. But in the short term, I really don't care how Tesla makes its money. That's better than the alternative isn't it?
Rhetorical questions. Please don't reply.
As recently as last March, 2020, one could have bought TSLA for $80. Today? $700/share.
Okay.
One almost things those folks whining Tesla are:
kicking themselves for not buying Tesla last March, 2020; and, or,
shorting the stock.
As for me, I don't care how companies make their money, as long as they make money (and it's legal and "relatively" moral).
did you note the Stock price really went up in price after Elon discontinued selling Flamethrowers. darn , i should have bought one..don
ReplyDeleteOf the FAANG-T companies, without a doubt, Facebook has been the biggest winner.
Delete