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Tesla stocks have always been overvalued. The reason why is that people believe in him, his vision and the future sales of Tesla based on him and his vision. It is a luxury brand. A lifestyle. I am proposing the theory that maybe he's lost a little bit of that magic in people believing in him. I could have it all wrong since it is anecdotal evidence of the worst kind - my own. I recently considered purchasing a Tesla Plaid, but ultimately decided against it because I did not want to indirectly support Elon Musk. Instead, I purchased a Porsche. I was in the market for a Luxury car - not necessarily an EV. I used to be a big fan of Musk so much so that I wore the t-shirt ("Occupy Mars.") But, his opinions have become too personally problematic for me to feel comfortable supporting him. I mean it and want that to be absorbed, so I will say it again. His /personal opinions/ have become /too personally problematic/ for me as a consumer to feel comfortable supporting him. I have a personal boycott against him, if you will. I will do away with my Starlink just as soon as Amazon gets Kuiper online. I am concerned that others may feel the same way, which could make it difficult for him to attract and hire talented people. It is unfortunate because I could always see the ~potential~ of Twitter under a visionary capitalist. You see, I am/was also Twitter's biggest fan, I am user-id 11,647 from 2006. I don't know that he can hire the right people, now, to meet that potential. I envision a platform that serves as a forum, creators' storefront, and a place for fans to subscribe and tip content creators. Twitter could grow a lot of these barely tapped markets. With the right moves on the chess-board, I have no doubt in my mind Twitter could rapidly become one of the top three mobile wallets if the cards were played correctly. There are so many ways for Twitter to become an old-fashioned business that takes cash from it's customers which would allow it to diversify out of the advertisement revenue. This would meet his goal of Twitter being a public square for its users not one that is required to appease it's advertisers. It would also ensure the continuity of Twitter. But, I am not convinced he can get THERE from HERE if others feel the same way I do. |