The Motley Fool, UK version on Fool.co.uk had an interesting post about Tesla.com, why domains could be worthless and why stocks offer far greater opportunities.
The author first took a look at Tesla.com, I guess expecting to find the business started by Elon Musk reside at Tesla.com. It does not that company is on TeslaMotors.com.
The author then looked into the story of Tesla.com which was registered in 1992.
When I saw that Tesla.com was “parked”, I was curious enough to do some digging. It turns out that Tesla.com is owned by a San Francisco gent named Stu Grossman, who originally registered the domain in 1992.
There’s a long and winding story behind Grossman and Tesla.com that includes a 2005 lawsuit in which a different business named Tesla (a U.S. military contractor called “Tesla Industries”) tried to pry the domain away from Grossman. In short though, the Tesla.com domain is easily worth millions of dollars – a point that doesn’t seem to matter to Grossman or his wife. The website “Tesla 24/7” put in a call to the Grossmans and wrote that “it didn’t interest them that the domain is so valuable.”
The Grossmans are very unusual in that respect.
The author then went over a bunch of top domain sales and then went on to discuss why stocks offer far, far better opportunities.
If we stretch the timeline in the other direction, twenty years from now the way we interact with the internet could be dramatically different and multi-million dollar addresses like Tesla.com could be essentially worthless.
On the other hand, when we think about the longevity of companies like Daimler, Siemens, and Coca-Cola, we can eagerly look forward to many years, if not decades, of compounding profits working in our favour as investors.
In other words, there are a lot of ways out there to make money. But I’ve seen few that offer the long-term rewards that stock investing does.
Read the full article on Fool.co.uk