Daniel Bustamante | Coach
This year Tesla stock has been as volatile as a stock can be but there's no escaping how cool the car is.
Now I know Elon Musk catches a lot of heat (especially lately) for some of his antics and whether you agree with it or not he's a visionary in our time. Something came by my desk today regarding Tesla and I wanted to share.
Now the rest of this market is still a little sketchy but how that affects Tesla, well I'm not smart enough to figure it out but I do know that this electric development going on is pretty cool to witness.
Even Porsche has a new electric car coming out. It's called the Porsche Taycan and it's pretty cool.
Does this affect Tesla's stock? Again, it's hard to say because I'm more of price based trader, however, the theme of electric is something to watch for you longer term investors with time on your hands.
In fact, I'm a huge fan of Formula One and if you've seen as of late the Formula E series is starting to take off with some of the ex F1 drivers moving to that series. Needless to say, the world is moving to electric.
Even an electric scooter company Grin just raised $45 million in funding.
That being said I've been staying out of the markets today aside from some small call positions and a few futures trades. Usually in times like this it's almost best to sit and wait it out which I'm alright with because it can lead to reading into other items like this electric craze we're on.
Enjoy the week.