I wrote this incredibly unappreciated comment (it got upvoted once) back in April 2020, explaining why I put my life savings ($100k) into Tesla and tech stocks at the bottom of the crash in March 2020:<p><a href="https://news.ycombinator.com/item?id=22970810" rel="nofollow">https://news.ycombinator.com/item?id=22970810</a><p>I raised my position to 86% TSLA shortly thereafter:
<a href="https://news.ycombinator.com/item?id=25555778" rel="nofollow">https://news.ycombinator.com/item?id=25555778</a><p>And in February this year (at the peak) I dumped my last shares of SQ to go all-in on TSLA.<p>I was right, and the people I was arguing with were wrong. I do wish they'd contact me and pick up the conversation, though...
That's a market cap of around $3000 per American or $100 per human being in the world.<p>That feels high.<p>Tesla sells around a million cars per year. That valuation is around $1M per car sold annually.<p>That feels high too.<p>I'm bullish about Tesla. I think they're going in the right direction. However, I can't run sensible numbers that make this valuation feel right.<p>I'm not shorting Tesla, mind you. An irrational market can keep going much longer than my wallet.