Looks like TSLA may end the year over 700 w00t

Cliff wish I had gotten in early on mindmed!

Lots and lots of green baby. EV and green going nuts!

Ok so what does 2021 look like in the financial world?Stocks surge over 31K. Bitcoin and tesla are through the roof. Crazy world we are living in.

Typically the financial world does not like one sided politics.They like split politics to cause stability and balance. This new president and team has already straight up said taxes will go up. he has not said the deficit will go down. I am not looking for political discussion here.

All signs are that between covid slowing down (in spring), unemployment dropping, and stimulus money kicking in, the first two quarters should be strong, but who knows about last two quarters. Rumor has it there is another round of PPP money coming in Feb, which is good.

I am in the commercial construction business and work mostly with big retailers and amazon/telsa/google. We are bidding more than ever and it looks like we will be building heavy in the first quarter at a minimum. We have booked 20+ contracts in the last 15 days and looks to be similar to the first quarter last year which was my best quarter in 30 years.

What are your thoughts? You going to continue to be aggressive investing or back it down?

PPP isn’t a rumor and it’s coming before February. It was part of the stimulus package approved last month. There are new restrictions so fewer companies will qualify this time.

Holy hell what a day that was!

seriously!

Wes, nobody gonna fault you for selling a little TSLA. It has the market cap of all other car makers combined? c'mon!

I know it’s crazy, although Tesla is not a car maker any more than Amazon is/was a bookseller. This run has been nuts though.

Amazon has revenues tho.

Has or had? Everyone wigs out about the PE ratios but Tesla is pumping every dollar back into r&d

some PEs:

Amazon, 3732, late 2012, today 93

Starbucks, 3400, 2013, today 125 (note, it went extremely high in 2013 due to heavy spending but has been in the 20-100 range otherwise)

Cisco, 1975, mid 2018, today 20

Facebook, 1279, early 2013 (IPO’d May 2012), today 31

Salesforce, 4 big spikes, 970 (2007), 723 (2011), 700 (2017), 1215 (Jan 2020), today 100

Tesla, 1120 today. Was 0 until 2020 due to negative EPS

Being valued at more than Volkswagen, Toyota, Nissan, Hyundai, GM, Ford, Honda, Fiat Chrysler and Peugeot combined while delivering about half as many cars as Ford makes F150s each year puts a lot of pressure on Tesla to actually start making more than 500k cars a year.

I think electrics are the future and Tesla’s high flier status attracts money to other industry players too, which is a good thing.

No one thought they'd hit 500k this year - the scale up has been pretty impressive. And again, cars are almost secondary.

Elon's july tweet shows the focus...

I waiting for Elon's Starlink to IPO.

He mentioned the possibility a couple of months ago.

Hoping he does company X and folds us in!

Why buy any of those when Chipotle PE is 178? I don't get it.

bruuuuuuhhhhhhh tsla pltr gme baby TO THE MOOONNNNN

Another beastly 6 figure day yesterday. Maybe a bit of red today pre-earnings but moon by eow I imagine.

In a lengthy phone interview with Fortune late Friday, the Tesla CEO and world’s richest man said he was delighted about the change in the White House, given that Joe Biden seems determined to rein in climate change—a jolting break from Donald Trump.

“I’m super fired up that the new administration is focused on climate,” Musk says, adding that he follows Biden on Twitter and is watching his moves carefully.

Great breakdown on expected earnings tomorrow plus where things are headed, the (relative unimportance of the current) PE ratio, etc

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Took a big position in gme yesterday. To the moooon!

love it

Insanity.

GME hit 350 in PM and is flirting with it now in open market. I was able to grab a bunch more when it dipped to 250. Still kicking myself for not piling my 2nd buy in at 70 the other day when I should have.

Meanwhile reddit under severe DDOS attack all day and half the brokerages are all down due to traffic - luckily mine seems to be holding up ok.

I bought GME in September at $7 (it was oversold after poor qrtly report) and sold a few weeks later at $15. In November I shorted it at $17.50 (holiday sales expectations were overly optimistic) and covered it in December at $12.

What's going on with GME now is indeed insane! Same with BBBY and AMC. Three businesses on the brink of bankruptcy in the real world are now high-fliers on the internet trading platforms.

Makes me very nervous about the overall market.

I think it's great that the hedge fuchs are getting fuched. Fuch em!

GME is a special situation where their greed is being turned around on them, but BB and NOK are different. Patents and software are going to make them viable again. I'm in on PLTR too.

Wish I'd thrown a bit at AMC yesterday, that's for sure! But the GME play is taking nearly all my attention this week.

Get a little nervous when GME dipped to $125 ?

No because the volume was next to nothing. Big attack. There will prolly be a couple more before the day is done. Just pissed at myself because I wasn’t ready for it. Won’t see another buying opp like that again most likely :(
I didn’t realize I still had Fidelity’s default of FIFO on and by the time I got that turned off and sold a bit of tsla I missed it.

you can likely recharacterize those shares if it makes sense to do so. still hasn't settled.

The GME craziness has been awesome to watch, makes me want to participate. I love the fat cats getting exactly what they have been doing to us forever, and crying foul.