Plandai Biotechnology Inc (PLPL)

[marylandstockguy]

Good morning Aquahoya,

Agreed. We know that this occurs on every board in the stock market. According to OTC Markets, Tesla has over 3 billion outstanding shares, and the authorized share count is "unknown." Just off of the outstanding share count, the market cap is slightly over $574 billion. Last July, the stock price reached $284 a share, compared to the $180 it trades at today. I think this would put the market cap at around $900 billion.

Do they have those kind of revenues? I'm thinking no. As you say, it's about potential - people are investing today, thinking that in 10-20 years, their piece of the pie will grow substantially in an ever-growing EV car market. Many of these investors are probably in their 20s, and aren't flippers - they're actually thinking about their long-term futures, and are treating Tesla as a mutual fund/IRA. That's what I'm suspecting anyways. I have a buddy in his late 20's who put a fair amount in Apple 8 years ago. He's certainly happy today.

I think for people only thinking of 1 day trades, or maybe a month in a stock, and flipping constantly (i.e. someone who basically trades for a living), this just isn't in their mindset. They may just not have the patience for it.