• 2 Posts
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Joined 1 year ago
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Cake day: June 19th, 2023

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  • Having been a disciple, I mostly agree. In this case, the cult got a lot of shit done and the result (advancing electrification of cars) has been a major net positive for society. I got my Model 3 over 6 years ago, having been in the line to plunk $1000 down to reserve the car sight-unseen.

    When I saw how long the line was, I immediately ran home and bought as many shares as I could. I have always treated Tesla as two entities: the company who produces the car and is the personality cult, and the stock which takes advantage of that. I grew disillusioned with Elon a few years ago, but I kept the stock because I saw the trend.

    That trend is over now. It’s a shame, because Elon of 2010 is so different from the one now. He was far from perfect, but he and I desired the same future. Now, not so much.


  • I sold the rest of my shares when the robotaxi was announced. Any FSD owner knows that’s laughable. The stock was in a slump and this boost was my cue to exit, stage left. The company has completely lost its way and is now a piggy bank for a fascist. I couldn’t in good conscience keep this company in my portfolio.

    It’s gonna sting come tax time, but that means Tesla has made me a lot of money. Thanks Tesla, we had a great thing going but you will collapse under your hubris.

    I took part of my proceeds and Yolo’d it at Rivian. Like Tesla years ago, it’s a diluted stock for a company with a good bit of cash, in a battle against time to produce a mass-market desirable car. They seem to have that with the R2 (I have a reservation) and I hope they can pull off the insanely difficult task of scaling successfully. The stock will either go to the moon or zero. The bet has much more upside than downside in my opinion. Also, their CEO hasn’t turned fully evil (yet).