r/stocks
How does Space X not pop out of the gate?
Author questions why Tesla hasn't surged despite Elon's hype and robot narrative, while holding GOOGL/JPM and regretting missing CAT.
- Retail FOMO and loyalty towards Elon Musk's ventures
- Tesla is being rebranded with a new robotics narrative
- The stock price fundamentally ignores the hype
- Questionable core profitability compared to other ventures
For starters I am not asking for advice or buying Space X at IPO. I will be outside touching grass when the stock starts trading. I also understand no one can predict the future. Accept people trading oil.
I have automatic buys to an index fund, QQQm, GOOGL and JPM. I am not smart enough to buy stocks in this market (two years ago I I bought 1 share of NVDIA at 500 bucks and 500 bucks of CAT. I should have aped into both of those at the time)
Listening to all the media, knowing the US government loves giving Elon money, Elon’s fan boys, and many people feeling they missed on Tesla, how did this stock not immediately pop?
It seems to me the only profitable thing about this stock is Starlink and it’s just a moving money around Elon’s empire. But man does retail love that guy. Like Tesla is now a robot company but the stock doesn’t care?
Again, not looking for advice! It just seems to me people will have FOMO and just go all in. As an arm chair old man yelling at cloud, what’s the general feel of the IPO price? Not talking about valuation or some of the crazy metrics they made up.