I think Tesla is a great investment for anyone with a moderate risk tolerance. It’s no longer high risk now that they have steady profits being made.
Most people in the finance world will tell you tesla stock is too expensive, and they are wrong in my opinion, it is dirt cheap. But don’t listen to me, I don’t know what I’m talking about. This is only for people who are looking to outperform the market and are able to lose some money and not lose sleep over it. With great reward, comes great risk (but the risk isn’t that great) so this is a unique opportunity.
Everyone always looks at stock chart and sees how far a stock has gone up and thinks “ it can’t just keep going up” its going to come down soon. Usually those people are wrong, but in the case of tesla right now, they were right, so far, but in my opinion are about to be proved wrong over the next few years. Tesla is approximately 60% off the all-time highs. But, contrary to their stock price, the company keeps growing rapidly.
Nobody looks at tesla as a technology company, everyone thinks of it as an electric vehicle company. They are right as of now but will be proved wrong (again) in a few years. If you don’t see Elon Musk as one of the best entrepreneurs ever, and don’t believe in him, you either want to do some more research on him, or just stop reading this article. He has an absurd track record, and has always come through on his promises, eventually.
Tesla makes solar panels and have ways to store the energy from the panels (which people thought was impossible) not long ago.
Elon also is going to make robots that can do dangerous, difficult, dirty and undesirable jobs that humans despise doing. These robots will be in high demand because businesses won’t have to hire as many workers and will become exponentially more productive.
Tesla’s artificial intelligence will also be in high demand, not only will it be driving their cars, but they will also be putting this in their semi-trucks that are coming soon. In addition, they will sell this technology to other companies to put in their vehicles.
There are a few other things tesla is working on like insurance for their vehicles, ways to refine lithium needed for their batteries I’m sure some other things that are yet to be released to the public. Their AI will likely do things we don’t understand yet. I also didn’t do any research before I wrote this; this is just stuff I know off the top of my head. There might be even more that they’re working on.
My main point is, Elon is the best entrepreneur of all time, and Tesla has a great brand. If I was a good engineer or whatever type of workers Tesla needs, I would want to work at Tesla. I would even be willing to take a pay cut to work at Tesla because I think it would be an amazing experience to work on these cunning edge things and get the chance to work under Elon. The culture Elon has created there will breed innovation for decades to come. Tesla will be the biggest company in the world in 10-15 years. Everyone will look back in hindsight and ask themselves “how did I not see this coming” and I will be asking myself the same thing.
If TSLA 0.00%↑ hits 135$, I will be buying, if it doesn’t get that low, I’ll have to find the next best entry point that makes sense to me. Yes, I’m being greedy by not buying now around 190$ because I think it’s still a bargain at that price. Only reason I’m waiting is because I think the market is going to have a rough 2h2023 and I will be able to get a better price. I might be kicking myself if Tesla goes on a run without me, but the best investors are patient, so patient I will be.