What are We Really Selling Here?
When I look at Tesla stock, and the volume of press it gets, I try to reach an understanding. And I get it that investors are buying future earnings, growth potential, and a dream of getting rich or just having a secure retirement.
Elon Musk is a smart guy but at the end of the day, Elon Musk has made a lot more money selling that dream to us, than he has selling cars to us.
So has our investment industry.
Full disclosure: I have red thumb call on Tesla.