Sounds like it’s time to bail on TSLA. The fundamentals aren’t there anymore. Better late than never I guess.
Just boils down to what your investment thesis is for TSLA.
DLL's post is completely accurate for that Nvidia/TSLA comparison...based on both companies current core businesses
today. The next 2-3 years for Nvidia is the continuation of it's current core business and while on a very impressive growth runway, it's known.
Meanwhile for TSLA,
IF they are successful with autonomy, their core business 2-3 years from now will look nothing like the current one that they're being valued on. Their PE, Forward PE, P to S ratio, all of that today doesn't mean diddly squat. Could easily see a situation where Nvidia continues to outperform TSLA for say 2024 and then by mid or late 2025, TSLA has tripled Nvidia's appreciation from today until then, if not more.
The big drawback though is that TSLA could be completely flat for the next year until FSD hits a certain level of confidence. Could be longer, could also be sooner. I'm personally ok just sitting on my shares and making some side income in order to not be caught with my pants down if that autonomy valuation flips to ON for Wall St
Of course if you don't believe in Tesla's autonomy strategy and how close they are to it (as in you think they're still like 3-5 years out), then I would definitely just sell because as stated before, there's no comparison between Tesla and Nvidia when it comes to their core business today.
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