I remember when the BBC today programme had five year olds picking shares and 'smart money men' doing the same, I guess you know what is coming? The kids did better- could have probably done the same with monkies and the money men. It is a guessing game, and when a bandwagon appears the smart money men fall over themselves to get on it, scared of missing something - but sometimes it is the 'emperors new clothes' and no one will step out of line. The smart money men should have seen 2007/8 crash coming, but guess what - they were part of it and their gullibility and greed caused it......
Tesla has managed to squeeze a lot of federal and state money as well, but its not their money, and if they lose it they just put taxes up......
Warren Buffet, America's most consistent and successful investor will not buy Tesla shares, guess what he invested $10Billion in General Motors, now that is smart.
here is what Buffet said ...
Companies with big capital needs, but low profit potential - don't touch them
He said in his letter to shareholders, "The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money."
You could be forgiven for thinking he was talking about Tesla specifically