this post was submitted on 06 Sep 2024
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[Dormant] Electric Vehicles

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Fred Lambert (Electrek): I sold all my Tesla shares (TSLA), here's why (electrek.co)
submitted 2 months ago by Diplomjodler3@lemmy.world to c/evs@lemmy.world
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[–] baggachipz@sh.itjust.works 2 points 2 months ago (1 children)

Having been a disciple, I mostly agree. In this case, the cult got a lot of shit done and the result (advancing electrification of cars) has been a major net positive for society. I got my Model 3 over 6 years ago, having been in the line to plunk $1000 down to reserve the car sight-unseen.

When I saw how long the line was, I immediately ran home and bought as many shares as I could. I have always treated Tesla as two entities: the company who produces the car and is the personality cult, and the stock which takes advantage of that. I grew disillusioned with Elon a few years ago, but I kept the stock because I saw the trend.

That trend is over now. It’s a shame, because Elon of 2010 is so different from the one now. He was far from perfect, but he and I desired the same future. Now, not so much.