How Elon Musk Became The Richest Person In the World
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\\nHere\\u2019s an update on my thoughts on the Market:
\\nWe\\u2019re still in a bull market (a bull market is a period where the stock market at asset prices continue to rise. There\\u2019s optimism for future outlook among investors).
\\nI\\u2019m still bullish on GOLD. It has seemed to move inversely over the years to Bitcoin and as we know, Bitcoin took some pre workout and is now on a rampage. Staying in the trade until my exit criteria is met
\\nOption prices are a bit inflated for me. Though a profit can still be made, I don\\u2019t like paying a premium so I\\u2019ll be sticking with selling premium to the market until the IV comes down. (premium is the price of the contract above its intrinsic value) I put out a tweet explaining what intrinsic value is
\\nIn addition I\\u2019ll be doing some swing trades when I see some rotations (buyers moving from one sector to another)
\\nCharts I like: FB, AAPL, AMD, RKT, & AAL
\\nWorth only $27 billion at the start of last year...yeah, ONLY right.
\\nIn a Pandemic, where so many people were struggling, Elon\\u2019s net worth grew a staggering $160+ billion.
\\nBut why?
\\nDemand. Price only reacts to demand
\\nMany reasons:
\\nTesla officially became a profitable company last year
\\nIncrease in vehicle deliveries, sales and expansion into Chinese market (Big deal..there\\u2019s a lot of people there.)
\\nAddition to S&P 500 create necessity for many funds to accumulate the stock to correct their holdings
\\nIf a fund is meant to match the S&P 500. Then they have no choice but to add the stock, which creates a demand of necessity and not just desire.
\\nAbility to raise capital for future growth
\\nInvestors believe in the company\\u2019s growth potential, many willing investors
\\nTesla is ahead of the competition in EV. The wave is here and they were already ready to surf it. Other competitors with the manufacturing capacity to compete have to syphon revenue to invest in electrifying.
\\nThis gives Tesla a head start in other growth areas
\\nAnticipation of investors that Biden administration, that has finally been confirmed, will bode well for EV industry
\\n2 underrated reasons:
\\nElon Musk\'s open kitchen style approach
\\nMuch more accessible than other Kingpins because he\\u2019s active on social media. Retail and professionals alike are eager to be involved with him because of that personal connection
\\nJeff had a divorce
\\nHad to give up a quarter of his stocks to his ex-wife.
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