To The Moon

Demand issues and rising competition, both domestically and abroad, have weighed on Tesla in recent quarters. Shares of Elon Musk’s EV giant are now down more than 30% year to date, and 58% from their 2021 all-time high. And after reporting vehicle delivery numbers that were 13% below Wall Street’s consensus estimates earlier this month, in what some analysts labeled a “nightmare” quarter, headwinds have become so severe for Tesla that even Wall Street’s most well-known bulls are starting to get nervous.Wedbush Securities tech analyst Dan Ives, who has been a Tesla bull since he started covering the company in 2018, argued in a Thursday research note that Elon Musk and company are going through a “Category 5 demand storm” in the EV market.He said Tesla is currently stuck between “two waves of growth”—the first led by spiking high-end EV sales, and a second, which should come from mass-market EVs and robo-taxis. But despite this narrative, “patience is starting to wear very thin among i

Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. Vice Chairman Charlie Munger had the opportunity to invest in the company but declined.Tesla CEO Elon Musk recalled Munger's prognostications with a blend of respect and resolve, acknowledging potential challenges while maintaining his commitment to Tesla's mission.In a February 2022 post on X, Musk detailed the meeting, writing, “I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail. Made me quite sad, but I told him I agreed with all those reasons and that we would probably die, but it was worth trying anyway.”Americans got swindled out of $24.6 billion in the last 3 years. Which high profile ponzi scheme was endorsed by millionaires?A financial adviser can assess an individual's risk tolerance and assist in diversifying their investment portfolio, aiming to balance potential risks and rewa