Comments by "Bo McGillacutty" (@Mrbfgray) on "Patrick Boyle" channel.

Profits are not a key metric (often irrelevant) for a growth company. Look how long it took Amazon to post a profit, only relatively recently.
16
Elon spends 90hrs a week WORKING his ass off at SpaceX and Tesla, he routinely walks the factory floors it's not a 'work from home' situation. If he wanted to simply enjoy his wealth he would have done so without ever creating those two globally transformative enterprises which were most likely to leave him poor again. Personal wealth has never interested him, it's a TOOL to and end.
13
My grandmother managed to spend a few 10 million USD after grandfather who created the wealth died. She died broke even with fat pension plan from Co. granddad cofounded and rent for the mansion she let go of late in life.
12
So much idiocy in first few minutes I'm done w this channel.
9
@RaghunandanReddyC You left out a crucial term: FUTURE revenue of X vs Y.
6
@billybillson9831 I missed out on most of AMZNs gains for precisely your reasons. I'm not making that same mistake with a vastly more transformative and important enterprise, it's already gained me a modest fortune and only getting started. But I studied it for near a decade before backing up the truck. That's what it took ME to gain conviction required to breeze thru massive down turns, 60% then again 30% just last yr alone, tho it was up 600% for the yr as a whole. If you don't have the stones for such or just lack the conviction then obviously not for you. There are many great names: NVDA, AAPL, AMD, CRM.....few will have TSLA upside but they are "safe".
5
@lukebruce5234 Inform yourself before making childish moronic comments only declaring your lazy ignorance.
3
@lukebruce5234 I wonder how long idiots can keep saying that despite stunning evidence to the contrary. At what point does one say: "My methods of determining reality are highly flawed. What do I need to change?" I can sort of see it 5 or 10 yrs ago, but NOW!?! WOW. Willful ignorance , not sure there is a cure for that sort of stupid.
3
@billybillson9831 Your conclusion IS true for YOU not for me. Yes it's tough to predict the future but those who get it a little right can sure prosper from it. 50% growth rate is indeed likely for Tesla this decade, the reasons are far too involved for this discussion and that is why it's so difficult to get one's head around and THAT is why it's been and continues to BE a massive opportunity. It's never been nor will be easy. Be very careful about projecting your own limitations on to others, in this case the limits of your understanding of the specifics.
3
@lukebruce5234 thunderf00t is a moron only stupid children could fall for. Phd doesn't mean shit even if it was real. SORRY but your judgement of ppl is a double zero. That's one of the reasons you are and always will be mired in perpetual poverty while the rest of us are everyday millionaires with options in life.
2
I'm going to be voting against the damn Dems for the foreseeable future, the more their devastatingly destructive rhetoric comes out the more I loath them.
2
@Xxewtz .....in conclusion, it's pathetic to have random dudes with a shallow understanding, who've never done anything difficult, go up against such incredible accomplishments.
2
He doesn't want the cash but he might want to avoid going $10B more in debt to pay income taxes he already owes separate from this sale.
2
@billybillson9831 An important aside: Elon has proven far more tech and production capable than Bezos. One example--even with God's own purse strings Blue Origin has accomplished 1% what SpaceX has achieved in similar time frame.
1
@billybillson9831 I've made a modest fortune only by going a LOT deeper than that and expect to double or triple it before selling just enough to build a new house in a couple yrs without trimming my snowball much. Even if it's flat for 5yrs I'm financially independent. (with a new paid off home) The exact same arguments have been made against TSLA since IPO, they were more valid 3 yrs ago, or anytime, then today. TSLA will continue to outperform it's just getting started. You would have (or did?) make that same case at any point in time, yet you were wrong. Instead of excess confidence maybe it's time to learn WHY HAVE YOU BEEN WRONG SO LONG.
1
@billybillson9831 $10 to $20T market cap this decade is my expectation, again going a hell of a lot deeper than your scratch on the surface analysis. Maybe by 2025 you will get it and that's OK, still be a buy by then most likely. Normally it would be childishly retarded to say: "To not bet on XYZ is betting against it!" But with Elon there is so darn much disruption coming that I make a one off exception and literally say that one bets against him by not betting ON him. You'll see what I mean later this decade
1
@billybillson9831 Jefferies latest upgrade (base case PT $1400) of TSLA is on point with some compelling new-to-them insights. And yet they still significantly underestimate the performance expected by LT bulls like myself. THAT is why there remains significant upside in the sort term--next few yrs. It's a familiar scenario where Street analysts one after another time after time upgrade their expectations. They still have a long way to go after only taking Tesla seriously in recent yrs.
1
@billybillson9831 Yes it is funny and we have been expecting exactly this for yrs now, it's nothing new and it will continue for foreseeable future. The Street has always and still is well behind in their understanding, but gradually beginning to catch up. Still there are nuggets of important insights from the more considered upgrades.
1
@billybillson9831 Sure it includes a lot of future into account, but overall (other than the uber bulls) consensus is still well behind potential. The recent run-up has NOT been about us dumb retailers but instead institutions, big money managers playing catch up as they like to do late in the yr if only to show how smart they are for having XYZ on the books.
1
@billybillson9831 One of a litany of examples how laughably far behind Wall St. is: They projected vehicle deliveries of 1.2M units for 2022 (Street consensus as of Q2) when Tesla is at aprox. 1.2M run rate THIS quarter and the two newest biggest best factories haven't even begun yet!...but soon will be ramping.
1
@Hendreh1 The material is plenty abundant, vastly more available than we will ever need, ramping production is a big concern however as regulatory processes and all the rest take 5 to 7 yrs minimum to get new production on line.
1
@Xxewtz It's ironic Elon is even one of the richest ppl, he doesn't give a crap about personal wealth it's just a tool to tackle some of the most vexing important challenges on Earth. Not many yrs ago both Boeing and Lockheed literally laughed at him for proposing to land and reuse rockets which is an absolute game changer. (how much would it cost to fly if you scrapped the airliner after every trip?) Tesla is the ultimate underdog story, NO ONE else could have seen it thru all the yrs of barely staying alive with everything arrayed against them and NOW they've literally changed the entire global automotive industry trajectory....obviously I could go on and on. It's ludicrous to say but objectively, IF one is in markets--it's reckless NOT to have some money riding on Elon the greatest creator of wealth an prosperity AND making the future better that we will ever witness. But some ignorant emotionally controlled morons still find irrational reasons to bash him. F__K the losers and gain along with him...I sure have.
1
Biggest trading mistake is generally trading at all, as apposed to INVESTING.
1
Hyperloop??? That was never to be a part of any of Elon's companies, WTH?
1
@danielcpt3819 Anyone who is "salty" is the sort of moron who I deeply despise and who scare me for the future of humanity. They are thugs in mentality if not in physical action.
1