The problem with any organization, is, it will eventually be run by an idiot. *cough-Biden* The idea is to detect when that is happening and bail out. I also try to stay away from companies that get huge...someone called it di-worse-ification. They get too far from their core competencies and start throwing money at things they don’t understand. Another clue on when to sell, if they go woke, or the CEO becomes a celebrity. Amazon is riding a moment in time that is the perfect storm for others and a stroke of luck from Heaven for Amazon. While it may still go up, I sold mine. As for Tesla...I think it’s smoke and mirrors and it’s doing too many things. I also don’t think electric cars make sense. Americans are not big on planning ahead and having limited range and few places to plug in...yeah, we’re not ready and Tesla’s evaluation is too high. I try to buy steaks and not sizzle...though it’s a crap shoot.
No kidding! Tesla stock market capitalization value is more than 10 times that of GM stock. But GM sells more than 10 times in car sales than Tesla. Stock market is all about how investors “feel”.