Reply to post: Blue Chip - Seriously?

Elon Musk says Tesla's stock price is too high ... welp, NOT ANY MORE

Grumpy Fellow

Blue Chip - Seriously?

My definition of blue chip is a large cap company that has survived several long business cycles and which pays dividends. I still see Tesla as a start-up company. That's not to say that you won't make money by buying the stock, but I would question the judgement of any financial analyst that described it as Blue Chip at this point. In my opinion it is still far from a sure thing that the company's profits will grow to meet their valuation in the stock market. Let me tell you about my Nortel "investment" some years back! <groan>

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