Tesla share rally propels some early fan investors to riches

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Convinced of Tesla Inc's imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro ($49,000) loan in early October to invest it all in the electric carmaker, which at the time was trading at around $230 a share.

) imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro loan in early October to invest it all in the electric carmaker, which at the time was trading at around $230 a share.

“To me it didn’t feel like a bet because I studied what Tesla does very closely and it’s simply inevitable that it would dominate,” Palampougioukis said, adding that he plans to own the shares for decades. Discussions about Tesla on online retail investor forums have surged, with users debating whether to hold their shares in hopes of even higher returns or cash out.

In South Korea, where Tesla has become the latest craze among tech-savvy professionals, the company is the most-traded overseas stock, with Koreans buying $3.2 billion worth of Tesla shares so far this year, up nearly 13-fold from all of 2019. “I am getting more confident about Tesla,” he said. “I will sell Tesla stock when other automakers introduce better electric cars than Tesla at competitive prices.”

 

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Didn't he mock his paid salesmen a few weeks ago? He's a sufferable prick.

Had 100 shares at 185, sold at 330. Whoops

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