Will Musk be the 1st trillionaire?

Status
Not open for further replies.
Know a guy who worked summers for a man who’s fleet of helicopters was second only the US military.
One day he decided to ask the big guy how to be like him one day - he said:
+Only hire people smarter than you
+Use other people’s money
+Don’t be afraid of numbers with lots of zeros behind them
Our Novellus CEO, Rick Hill, always told us, "If you make people around you better, or better than you, you will never have to look for another job. You will always have a place here."
 
Tesla's PE ratio is about 370. They have very little net profit. The stock is just a bit higher than it was 4 years ago. Let the Teslacians hang on. Meanwhile Bitcoin lost half its value this year.
 
Last edited:
Kind of like Thomas Edison, right? Hired people to make stuff work because he couldn't. But he took the credit and the $$$
Kind of like Steve Jobs, right? Hired people to make stuff work because he couldn't. But he took the credit and the $$$
Kind of like Bill Gates, right? Hired people to make stuff work because he couldn't. But he took the credit and the $$$

Pretty much....In military terms, there are a lot of gwot officers that got silver stars or commendation medals for operations despite not being in said operation/patrol while the ones who were actually conducting the patrol got nothing or less than they had when starting the patrol.
 
Tesla's PE ratio is about 370. They have very little net profit. The stock is just a bit higher than it was 4 years ago. Let the Teslacians hang on. Meanwhile Bitcoin lost half its value this year.
Amazon ran losses many consecutive years in a row, while AMZN stock price continued to rise.

Losses and net profit should count for a lot, but the market plays by different rules.
 
I remember reading about Musks wealth. The writer mentioned that even though he has billions and billions of dollars. He can't even be considered in the same league as the princes and kings in the middle east. They even stated that Putin might have more money than Elon. But we will never know since these other guys don't have to reveal their assets.
 
Edison was hated back in the day as well. Someone's going to be on the tip of the spear of technology and the philosophical and societal ramifications take time to catch up, for better or worse.

The IPO is aiming for retail investors, not institutional ones, so it's a meme stock right out of the gate.
Edison would be considered today a patent lawyer plus VC, instead of an inventor.
 
I mean if you bought $1000 of Nvidia in 2009 you have what, $250K now? Enough for a Cybertruck for you AND me with some funds left over. When do I take delivery? ;)
The initial investment back then was in the $220 range, now its around $410K after the absolute beating it took this week. I bought 200 or so shares, it might have been less, then it did the 10 split a year or so ago so now its 2,000 shares. I bought them because I liked, and still like, their video cards and use them exclusively.

No interest in a CT, they look lame and a few people I know that own them are trying to dump them for IC powered trucks.
 
Status
Not open for further replies.
Back
Top Bottom