>I told my kids either the shares will pay for their college, or they may need some scholarships.
Assuming they are teens and old enough to think for themselves. I wonder if they felt safe and happily going out to play or working their ass off trying to get Scholarships.
I vaguely remember Tesla discussion on HN not long ago of it being cash strapped and was on the verge of bankrupt. ( Or something similar ). It is truly amazing how they managed to crush all naysayers and sceptics.
>I vaguely remember Tesla discussion on HN not long ago of it being cash strapped and was on the verge of bankrupt.
That is called fud. They omitted the part about Tesla being able to raise capital very cheaply and easily and about how Tesla is cash-flow positive. I think his kids will be fine. If Tesla were truly in dire straits as the media said it was, the stock price would have reflected that (single digits or low double-digits instead of $200-300/share) and Tesla would not have been able to raise money on such favorable terms.
Are the days of cheap capital still here? Tesla's last capital raise wasn't exactly pretty, and with the implosion of WeWork and some other cash intensive startups where profits were lacking it isn't immediately obvious what terms they would raise capital at.
I remember that stuff. Passing look at the financials would tell you it was all bullshit. Tesla had enough cash to keep eating their losses for another two years. Making money on unit sales. And had a couple hundred thousand preorders.
My kids are going to work for scholarships if college is in their future. I should have but didn't because my parents didn't understand the game and nobody told me otherwise. There is a balance to this though but I will provide all of the supports I can to help them be the individuals they are.
I hate that can't edit my comment up above, shouldn't type on the bus. I was trying to say "Please explain the game".
I disagree that college is a scam. I went many years ago when it wasn't that expensive, I had a job and also scholarships, was able to pay as I went with some parental help. But it was nothing like today, where it costs 30k a year at a reasonable state school. My generation has not met our responsibilities to maintain our countries infrastructure including educational infrastructure. It doesn't help that much that I have argued and voted against the direction of making education ever more expensive (in part because of lack of state funding).
Assuming they are teens and old enough to think for themselves. I wonder if they felt safe and happily going out to play or working their ass off trying to get Scholarships.
I vaguely remember Tesla discussion on HN not long ago of it being cash strapped and was on the verge of bankrupt. ( Or something similar ). It is truly amazing how they managed to crush all naysayers and sceptics.