See the look on the Wiener guy's face? That's the realization that his Frankenstein ain't going back in the grave.
Every communist revolutionary thinks they'll have a seat at the table of power...in reality, they're always the first against the wall.
They have nothing else... they have no other strategy than to go all in on socialism. These swamp creatures have no actual beliefs, they will bend whichever way they think they need to for votes. @GavinNewsom and @RoKhanna both used to come off as sesible democrats and both have gone full socialist. What happened?
WATCH OUT FOR THE SPACEX $SPCX SHARE UNLOCK
Right now only ~4.5% of all SpaceX shares are available to be traded. Only the shares bought during the IPO can be traded. Everyone else who bought in before can not sell
We do have some forced buying coming up from the Nasdaq 100 and other ETFs/indexes
But then the unlocks begin and everyone who got into this name before the IPO will be able to start selling ... this first unlock happens at SpaceX's first earnings (More info below on the unlock)
@amitisinvesting thinks a lot of those insiders are looking to sell
"I was talking with friends who got in at $200B, $400B, and $800B valuations. They said there is no chance they are keeping more than 50% of their allocations once they get liquid. They are selling right off the bat."
None of those things in their current stage justify the current stock price. We need tangible progress on robotaxi... aka Revenue. No one is buying Tesla at this point until we see Robotaxi revenue growth, and that timeline continues to be pushed further and further into the future while there are plenty of better opportunities RIGHT NOW. Smart money doesn't buy and hold flat for 5 years.
It's gonna trade at a discount alright... when all the insiders start dumping their shares after lockup... robotaxi value add will basically be a hedge for SpaceX investors. Best case scenario, robotaxi scales and the combined entity is flat or down because of all insider selling.