self driving cars can save lives and money on insurance. energy storage is beneficial to society. and face it Tesla cars are awesome. only going to get better.
one day the price will come down. back in the early 90's. laptops were $3000 . now you can get better performance than those models for $300. same will happen with Tesla cars.
two counter arguments
1. those guys get free shares annually through options. so they're selling is not meaningful
2. if you look at any stock, there will always be insider selling. insiders move on with their lives or go to other companies. especially in silicon valley. apple had tons of insider selling from 2003 to now. stock still went up.
according to earnings report, they are cash flow neutral in a few quarters with oil at $60. the bet that you have to make is whether you think oil prices go higher long term.
demand hasn't dropped off. it's just that supply has increased. oil will find its new price level.
management rips off shareholders. they get too many options and dilute the stock.also, too many acquistiions are bad for shareholders.
short it. management greed will drive it down.