Ok today im going to talk about two stocks everone knows $Tesla Motors(TSLA)$ And $Palantir Technologies Inc.(PLTR)$ They are very similar in two ways. First both have extremely loyal retail investor fan boys and girls. And both are down significantly in the last several months. Tesla down about 50%, palantir down about 30%.
From my perspective, both were way too expensive at their perspective highs, and remain way to expensive. But lets dive into that.
Palantir first. Its expensive because investors see the exponential growth potential and are pricing that in. In the last few days, this has born fruit. with contracts and partnerships with $Archer Aviation Inc.(ACHR)$ Etc clearly indicating that, well $80 bucks mite be a good buy going forward. Yes i own palantir, and i am looking to add, as funds permit. For me, palantir is just delivering on what it says its going to do. And macros don't matter, amazing product with virtually not competition, costs you money but saves you money. I was born in 1970, at university in the late 80s i was exposed to apple and ibm. Apples were awesome, ibms sucked... dos was a nightmare to use. But ibm computers were cheap. Enter windows in the 90s and well the game shifted. Palantir is $Microsoft(MSFT)$ And $Apple(AAPL)$ Combined but on steroids. Its not cheap, but way cheaper than it was a few months ago, and it could get cheaper. But it could be more expensive. I don't really care, ill just buy it as funds permit.
Now lets turn to tesla. 50% down, is it a bargain? Its still expensive. Its facing massive competition from pretty much every other ev manufacturer. Ev sales are soaring, but tesla sales are tanking worldwide. Elon is single handily helping this, he's going to double production in his new mega factory, awesome! But nobody wants a tesla. How is that good news? Oh Donald brought one though, so its all good right? Yep updated model y is coming out this year maybe, with less features. Cyber trucks keep getting recalled, actually other tesla swasticars also keep getting recalled.
Wait, oh and the raw materials to make teslas just got 50% more expensive. yet tesla will be able to make teslas cheaper. But i am obviously missing something. Self driving and robots yes the promise that keeps getting postponed. Doesn't matter Elon is going to Mars next year. But his starships keep blowing up going to orbit. How many starships will he need to blow up to get to mars?
Im sorry but Elon is a reality TV host, and its not reality people. I hope you get a laugh out of my post today, because it is laughable. Do i own tesla stock? No. Will i buy it at $200, no. Will i bet on it with options to go to $150, no. Its a company thats not worth a bet anyway. In the words of MC hammer, do do dodo "can't touch this"
Anyway, thats my rant. Hope it brought a smile or a laugh. As always, may your tiger trades be ever in your favor.
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