I've had apple 4-5 years now but when I see this TSLA run up and look at my Apple and not thinking it's going up much higher it's changing my perspective. Im thinking maybe moving off of some of the other things I am long on like PLTR and putting into TSLA either way I need more TSLA. I view TSLA as a tech company.
There's a lot of expected growth priced into Tesla right now. That's pure momentum and FOMO driving that train.
If you sell your Apple position and buy into Tesla at this point and the damn thing goes down 30% from where it's at right now is that cool with you?
Apple is in the general ballpark of being reasonably priced right now. Tesla for example has a p/e ratio of 1560 Apple has a p/e ratio of 39. The S&P is 40. Amazon is 92. Google is 34 Facebook is 30. It's actually undervalued right now. Netflix is 82.
Just ask yourself buying right now if you lost more than half on a crash you cool with riding that out? The people that had all that great success with Tesla are more than likely holding and not buying right now. Even bulls like Financial Education aren't really looking to buy.