RE: Tesla Didn't Make The Cut
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growth stocks have been on fire for the past month. Last week initial drop is showing some cracks. Whether TSLA is really worth this much where it is at remains to be seen. I am in the bull camp due to the fact that many who are long term holders do not see TSLA as just a car company but a conglomerate. The company makes batteries and solar panels and even green energy manufacturing plants. If any government provides additional incentives for TSLA do accelerate their work it is clear that this company will become world wide house hold name in the future.
Something a lot of people have not thought through is that globalization has made stiffer competition among countries. Asian countries such as Japan and China literally have companies that are basically conglomerates worth in the billions. If US is to be able to competitive there will need to be massive evaluation companies to lead the way. Really wish I saw this through way back when TSLA was IPO but who would have known?
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I think the key right now is to look to bonds for clue on where the stock market is headed next. Sept/Oct are the worst months for equities, so things could get uglier before they get better.
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