Although TSLA was one of my buy the dip stocks, I'm considering selling TSLA once it become slightly profitable. My reason is that I have lost confidence in TSLA due to SPCX rumors of a TSLA merger or buyout. Since Muskman is a majority shareholder in both, he controls whether is will happen or not. I expect Muskman will want all his companies under one corporate structure.
After seeing Muskman's shenanigans with DOGE, I fully expect more shenanigans with a SPCX merger with or buyout of TSLA. I don't like the possibility, despite Muskman's success with TSLA. I believe a merger or buying is merely financial engineering instead of actually creating incremental value.
However, Muskman is way smarter than me. After all, he was the first trillionaire, although now a half trillionaire after the 50% decline in SPCX and 33% decline in TSLA.
We shall see whether I can get out of TSLA for a small profit or become a longer term bag holder.
This is not financial nor investment advice. Please consult a professional advisor.
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