Sam Batchelor, son of John Batchelor, explains what Wall Street, Tesla, and Lord of the Rings have in common on the John Batchelor radio show.
According to Sam, Elon Musk is loved by Wall Street even though Musk seems to be, at times, an anti-establishment icon. The world has a love-hate relationship with Musk depending on whether you own a Tesla, have a Tesla that is being recalled, love Space X, or like Saturday Night Live where Musk dissed the cryptocurrency Dogecoin and loved on his Mom.
What is the reason to buy a $1,000 stock? Wall Street loves Tesla as its market value skyrockets past traditional car manufacturers, or as millennials refer to them, legacy auto.
Sam explained what a meme is, which is basically a funny picture with a word over it or a fun scene from an iconic movie. It can also be an animated gif that dances.
Sam found a meme on Reddit that shows Making the analogy using Lord of the rings, the two towers, where all seems lost, and there is banging at the door.
Overlaid on top of the scene from the film are big oil and legacy auto companies, Elizabeth Warren (because Musk and Warren have duked it out on Twitter before) and FUD, which stands for Fear, Uncertainty, and Death!
The Tesla gang is holding back the door, and the day is saved not by Gandalf but by the Tesla headline that Tesla delivered 308,000 cars.
The great mythology of Tesla and Lord of the Rings is the epitome of the good versus evil, big versus little, green versus, and the fight of 2021. In the Wall Street world, Cathie Woods ARK, some portfolios are only surviving because of Tesla’s stock price. Hence, the love-hate relationship with Elon Musk’s green cars and monopolies.
Gandalf still saves the day; Tesla won in 2021. But is Tesla a good valuation?
Sam summarizes by saying that you never want to bet against Tesla, and his other assets are part of his strategy. Listen as Sam weaves the tale, bridging worlds of mythology and reality.