How would you feel allowing a wild man to be at the helm of one of the companies you were in heavy on…
Would you love it? Or would you spend most of your time worried that he’d drive the whole thing over a cliff?
Well, that’s what it must feel like for those shareholders who are in BIG with Tesla – because with Elon Musk at the helm – you just don’t know what you’re going to get.
Elon is rich enough that he doesn’t really care who he pisses off – sure, he may answer to shareholders and a board of directors – but the truth is, he sees Tesla as HIS company and I really don’t think he cares what anybody says or thinks.
He’s God as far as he’s concerned – and what he does next is anybody’s guess…
The question is: is that a good thing or a bad thing for shareholders?
Imagine if you could think up just HALF of the moneymaking ideas Elon has…
What would be your next venture?
I mean think about, he was a co-founder of PayPal (PYPL), he created Tesla (TSLA) and SpaceX – he’s building a tunnel under Los Angeles – I mean, whatever he wants to do, he simply… does.
So, what’s he going to do next? What would you do in his shoes?
How about burning down one of your biggest businesses – just to watch it burn?
Probably not, but it sure seems like that’s what he’s doing, doesn’t it?
And it all started with one little tweet.
What’d it say?
“Am considering taking Tesla private at $420. Funding secured.”
That one tweet set Wall Street on fire for a couple of days – conjecture ran rampant – and Tesla shareholders were probably close to pushing out a few eggs.
That tweet cost him BIG time…
In fact, he had to fork over $20 million to the SEC!
Not only that, he lost his seat as Chairman of Tesla – however – he remains (for now) the CEO of the company.
When asked about the tweet from another Twitter (TWTR) user what he thought about the $20 million tweet he had only two words:
“Worth it.”
Now, there are two kinds of people in this world:
There are Elvis people or The Beatles people. Or…
The Beatles or The Rolling Stones…
There are people who like a little danger and there are people that like more substance.
The same can be said for investors.
There are some investors out there that love a little danger. They love the risk of the whole game and will take the big wins with risk over the smaller gains with safety every time.
And there’s the opposite too…
There are investors who LOVE the safety of a big blue chipper that will keep the profits rolling in for years to come – albeit at a slower rate than something that could pay off in triple or quadruple-digits.
The danger lovers will take the losses because they know that it’s part of the game. They’ll throw caution to the wind in order to win big on a stock that’s a long shot.
Now, Elon and his Tesla company are a bit of an anomaly, aren’t they?
Elon is a wild man – he just spent $20 million of his own money to pay off the SEC for numerous violations – insider trading… market manipulation… and who knows what other fees the SEC tacked onto it.
So, for those Rolling Stones fans out there – Elon is exactly what they’re looking for. Somebody that could risk everything in order to reap a huge payoff.
However…
Tesla has been a solid performer. If you look at the chart – it has done very well for its shareholders over the last few years.
Sure, there have been hiccups along the way, including during “tweet-gate” – where the company surged and then dropped hard…
But the company seems to be on the right track again – and is climbing back from its recent lows.
Tesla is an interesting stock – a solidly performing company, with an in-demand product, and an insanely intelligent CEO at the helm – it’s hard to see TSLA as anything but a “buy” prospect.
But…
Elon also went on a podcast not too long ago and openly smoked marijuana.
Now, while smoking marijuana in California is not illegal – the fact remains that as the CEO of a multi-billion dollar company – that kind of thing doesn’t show the best judgment.
So what do you do?
You think long and hard…
You do your due diligence…
And you crunch the data and make your decision from there.
Plain and simple.
Data doesn’t lie – I can’t tell you how many times I’ve said this over the years. I say it every time somebody asks me if one of GorillaTrades’ recommendations is a smart play.
It’s the rote answer because it’s the truth…
The data doesn’t lie – and all of GT’s picks are put through a comprehensive trading matrix that makes it hard for “chance” to get in the way.
I really can’t show you how it works here – but if you joined and became a subscriber – you’d get the full picture of how GorillaTrades helps investors get the best possible returns for their hard-earned dollars.
And I invite you to join today…
However, if not – we understand. It’s not for everybody – just like Elon’s business practices aren’t for everybody either.
But, man…
It sure is fun to watch!
“Take a chance! All life is a chance. The man who goes farthest is generally the one who is willing to do and dare.” – Dale Carnegie