The thing is that you do not know what the price of TSLA will be at any point in the future. You could only make that prediction if you have insider knowledge, and then you would be in violation of federal laws. I find it surprising just how many people on this forum are willing to blindly give money to a company with a poor track record with regards to their financial status. They are a company that is almost completely investor driven right now and it takes just one bad thing happening to ruin them. Should they need to file for bankruptcy suddenly, your money would potentially be gone. There are plenty of companies that appeared to be doing well only to go out suddenly and with little warning. Unless you are personal friends with Elon, this is a guy who is an internet personality and could be a scammer for all you know. I do not believe that is the case as he is a very enthusiastic idealist who sees the most positive outcomes, but we just do not know.
In all fairness, I think we know quite enough to know that Elon Musk is not a scammer. Respectfully, I would argue that if you think that, you haven't very thoughtfully evaluated EM's history. First, although EM is absolutely given to hyperbole on occasion, his outlandish claims often wind up becoming fact. In fact, I would argue that most of what he has accomplished over the course of his business ventures was, at one point, considered by many people to be completely insane and potentially a scam. Think about Space-X, which at this point is the only private company to have ever orbited a spacecraft, the only company to ever have returned a rocket stage from orbit to a landing of any sort back on earth, and which has among its products the most powerful rocket on earth and the most powerful rocket built at any point since the Saturn V. A
private company, doing things which up until this point have only been done by a very few
governments... and a company started by an
internet personality that nobody believed and that everyone laughed off.
The entire history of Tesla has been one of having most people disbelieve and laugh off the effort like it is a joke. Virtually nobody believed the roadster would ship. Virtually nobody believed an electric car could be built that had a range of over 300 miles. Virtually nobody thought such a car could be better than an ICE. And then Tesla delivered the Model S... which was declared by Consumer Reports to be the best car they ever tested. And also then came the many improvements to the S over the years... including autopilot, which nobody thought could be done and which nobody else has come even close to matching in a shipping product. And then came the X, which got off to a rough start... but which seasoned industry executives actually stated
was not even manufacturable. Well, guess what? Tesla has delivered over 15K of those un-manufacturable vehicles so far, and that number is going up by about 1000 a week. Go figure.
My point is that I don't think even a moderately thoughtful examination of EM's record would indicate anything that could even remotely be considered a scam. I think, rather, that his goals are just so big that average people cannot conceive of them even being
possible... and they just can't reconcile them, so they write them off.
Here's what I think: The history of EM's ventures suggests that when EM says he is going to do something impossible... it has a higher probability of success than failure.
