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Smell of Success

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Musk is now the richest man on the planet. Who could have imagined this eight years ago, when I wrote my first Tesla post which ended with this:

I think Tesla as a public company (symbol TSLA) has a great future ahead – I hope they do, at least – provided that the world embraces electric vehicles and the de factor more modest infrastructure for this kind of car. I’ll also mention that the new Slope of Hope (coming soon!) looks gorgeous, particularly in a vehicle being zipped around the Bay Area at high speeds. Elon has another winner on his hands.

That just goes to show you how times have changed. When I started writing the post, I wasn’t even sure they were public! The P/E is about 1600 now, and as you can see from the chart below, it isn’t exactly the buying opportunity that it was when I wrote about it thousands and thousands of percent ago:

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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