She's Holding Onto $650K In Tesla Stock, Waiting For It To Hit $1M. Dave Ramsey Says, 'I'm Not Dissing Tesla, But I'm Not Buying It'

Core Insights - A Tesla employee holds $650,000 in company stock and aims for it to reach $1 million before selling [1] - Personal finance experts express concerns about the risks of holding a single stock, likening it to gambling [2] - The importance of diversification in investment strategies is emphasized, with advice to cash out and pay off debt [3][4] Group 1: Financial Situation - The individual earns $70,000 annually, pays $1,000 in monthly rent, and has $20,000 in debt [1] - The potential tax liability from selling the stock is estimated at $100,000 in long-term capital gains [3] Group 2: Investment Advice - Experts recommend against investing heavily in single stocks, advocating for diversification instead [4] - Suggestions include cashing out the stock, paying off debt, and purchasing a home to eliminate rent or mortgage payments [3]