|
I would personally stay far away from this one. The fact that a much larger than normal % is being offered to the general public is a tell - you are the exit liquidity for insiders. The valuations for this are VERY lofty. They will need to generate something like 12% annually compounded growth rates for the next 20+ years to justify, IIRC. Could happen (see: apple, msft, etc.) but far from a guarantee, or even likely IMO. That said, Elon’s businesses don’t really trade on fundamentals, they trade on hope.
__________________
1957 Speedster, 1965 356SC, 1965 356SC Outlaw, 1972 911T, 1998 993 C2S, 2018 Targa 4 GTS, 2014 Cayenne S, 2016 Boxster Spyder, 2025 Ranger Raptor
|