also from this morning:

redesigning FSD hardware and rewriting FSD software

Bull despair and bear glee/certainty it's done usually mark the bottom.
Bull glee and total bear despair/confusion/capitulation usually mark the top.

Just saying.

yup i agree and that would be great. but here's a question i can't answer: tsla is at about 2k, why not 2.5k or 3k? what's the difference?

Sold all my stock at 1900. I'm a bull and didn't think it would hit these heights unless battery day was ridiculous. Will look to get back in at some point. Too much profit to not take and hold given how uncertain the market might be in a few months.

Am I a bad person for being sick to my stomach that my friend has nearly made a Million on TSLA options in the last six months. He's a huge Tesla honk owning two of them. Made out big pre Covid, then somehow luckboxed his way around the COVID dip, YOLO'ing at nearly the exact bottom. Doesn't have a clue about concepts like NPV, ROIC, etc. It takes me nearly 4 years to save that kind of dough.

Yeah man it's the sad song of the bear. Watch a bunch of ****ing idiots join a cult and get rich with no consequences. Sick brag btw

I'd be upset too if any of my friends won the lottery. He just had good timing and a lot of luck

I'd rather be lucky than good.

he will give it all back

dont worry, your friend will be broke at some point and you can sleep easy again

whenever i look for moral guidance, i too seek out zima's take on it

violator, you'll be a lot happier in life if you learn to accept donk luck and be happy for your friends when they succeed, even if it was that way

these things have very little to do with your friend and are 100% about yourself and latent desires/jealousy - if you recognize those emotions and address them internally as irrational and shelve them you'll not only find yourself happier but by default end up in healthier relationships without that latent animosity floating amongst your social circle

I'm happy for anyone who wins, as long as it's not from exploitation. That's just a good attitude to have for life.

And that kind of humility is an intellectually honest one as well. You have no idea if your friend's take on Tesla was correct or not. I know Tesla bulls are absolute morons who are very gullible and have comically wrong theses on the stock (see for example heltok's bull cases for revenue and profits back in 2017 (and again now) which were comedic megamisses, or anyone who was dumb enough to think FSD was other than a fraud/an absolute zero chance), but who knows if there's a deeper wisdom they have where they're actually tapping into positive sentiment/belief in Musk's ability to keep pumping the stock (without which they wouldn't even have the comically wrong theses to begin with). Perhaps they're morons at analysis but not morons at gauging sentiment or market mood. Sometimes it pays to be a lemming to understand what lemmings will do.

In the end, you don't know. The only stock where I'm sure the person is dead wrong with no redeeming qualities and deserve to lose everything are things like bio fraud stocks. Tesla is a bit of a mixed bag - there is a real business and there are outlier bull cases where confidence in Musk allows him to get enough capital to keep going forever, and eventually get there just by pure accretion of talent and capital over time, especially when the going gets tough and others are struggling.

I have a friend who turned $150mm into a billion by just going all in on TSLA when his NW was prob ~$200MM. Hopefully that makes you feel better

It was a pretty solid/low risk long at $180, but holding through the 300s and 400s was a tough ask, especially if you were at $300 million/80% of your worth at that point.

you know someone who was worth 200m and put 75% of it into Tesla stock? Seems like everyone is here is loaded/rich friends. Another poster complaining that he only saves 250k a year.

Right...and then holding from the 800 --> 400 drop or whatever. Pretty sure he has no intention of selling like ever. The rest of his NW is now in PTON lol.

amazing at poker back in the day and just a huge donk at investing, eh?

yeah that was a pretty funny humble brag at the end there

He did pretty well on PTON too if he got in before the end of April.

Ya pton was like pre ipo or right at ipo he's definitely crushed on it. Just seems like a funny stock to have be part of basically a 10 figure, 2-stock portfolio. But I've just been sitting here firing tsla puts so what do I know.

LOL.

Alright let's get stock up to 5k by Christmas

Tesla up 4% this morning

Incoming 2k....brace yourself!!!

first time on the internet? everyone is rich when they are anonymous

NLSoldier was a super successful poker player back in the day assuming I'm not mixing them up (not trying to out, I will delete post if asked). Just saying he is prob not lying about knowing someone that rich/degen.

I wasnt saying NLSoldier was lying, just saying if it seems like everyone is rich on the internet, its because a lot of them are lying


With that said, I'm hood rich myself