ok la....the info and his reasons behind buying those stock is understandable.
the only thing is i don't agree with his conclusions nia.
whatever tesla is promising in the future. doesnt justify the current price.
if they manage to pull off everything they promised within the next 5 years....then current price may somewhat still be justified....but i don't see that happening anytime soon....or even at all.
also....fundamentally....i do not believe that carbon is bad for the earth....simply cuz all lifeform on earth are carbon based.....more CO2 + sunlight = more greenery = more animals thriving.
all this "green energy" crap has been pushed by governments around the world have not been done for the earth....but for lining their pockets(taxes and related companies that they own).
green energy related companies(including EVs) have been relying on government subsidies and cronyism(look at california outlawing ICE vehicles by 2025) in order to even survive....let alone making profits.
remember.....nobody needed to enact laws to get people to switch from horses to ICE vehicles.
the freemarket decided on that because the economics work.
an industry that is relying on perpetual governmental intervention in order to survive.... does not bode well for that industry at all.
all these subsidies are possible only due to the special global fiat monetary system we are on at the moment.
this is a unique situation in human history.
never has the whole world been on a fiat monetary system that has to be inflated perpetually in order to stay solvent.
ever wondered what would happen when governmental deficit spending around the world stops?
debt cannot be inflated away indefinitely without running into major monetary problems.
when that day comes....all the subsidies will go away....
only then will we finally see which "green" companies are relying governmental subsidies and which ones are truly profitable.
my opinion is that 99% of all these companies will go bankrupt without the subsidies.
green energy utilities will probably be that 1% that survives until they have to replace their aging windmills and solar panels.....they will probably go bankrupt when that time comes.
invest with care!~

