Tesla Stock Is Down This Year, and SpaceX Is Volatile. Are Either Worth Owning Right Now?

There is a particular kind of investor mistake that doesn't feel like a mistake while you're making it. You admire a company genuinely. You might like its engineering, its ambition, the degree to which it has embarrassed more complacent competitors, and that admiration quietly migrates into your portfolio. The two things feel related.But they aren't. Respecting what a company has built and believing in its stock price are epistemically distinct judgments, and conflating them is how intelligent people end up holding expensive stories instead of businesses. That distinction is worth keeping in mind as we examine where Tesla (NASDAQ: TSLA) and Space Exploration Technologies Corp (NASDAQ: SPCX) actually stand.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool