I am a big supporter of Tesla. I own one and bought stock. About 25% of my portfolio is in TSLA. I bought it last year at about $290, believing in the imminent rise of the stock due to increased production. "Short burn of the century"
It didn't materialize and since last quarters deliveries and especially production numbers I am getting cold feet.
My stock are under water and I am at loss what to do. My stock are for a study plan for my kidsI don't need to cash it for another year as my oldest daughter is only going to college next year. Shall I take my loss now before the stock tanks further or is there still hope they will recover. Some things that make me nervous:
- how come that M3 is still not sustainable at 5,000 per week - let alone 6,7, or even 8,000 a week?
- what is it with all these pictures with dust covered cars?
- I see people on YouTube ordering a car only to be called by Tesla within hours that they have a deal for a new 2018 M3. So there is a big stock?
- what is indeed the story with the solar roof? Absolutely nothing is happening there
- suddenly, after years, there is a big push in Software. I don't believe in coincidences. So this in combination with the bad sales and production figures makes me suspicious. Are they trying to change the focus?
-all these restless strategies around pricing of cars and software seems very nervous and not reassuring at all
I could probably think of more.
Am I alone this? Just wondering what other people think and are considering doing
This is what I have been doing: hold onto my shares tight, save money, add more shares when I think it's greatly undervalued. No margin. I don't care if it's going up, I don't care if it's going down. All I care is how much more cash I have saved and how crazy is the stock price that I can deploy the cash.
Shorts and paid bashers are talking about quarterly demand drying up, I see wonderful products and happy car owners. I'm also seeing a major trend that can last another 3 decades (Autonomous EV + sustainable energy + ride sharing, ICE and oil is out).
Shorts are talking about coming "Tesla Killers", I see Tesla is the real killer that beats all the competition, ICE, EV, Hydrogen, or whatever.
Shorts have been talking about Tesla running out of money for eight years, I see Tesla has healthy margin, getting better every month, and big margin improvement coming once Gigafactory in China and in EU are constructed. The G3 in Shanghai is super important, it can improve cost in many ways. I expect 20% margin on standard Model 3 and 30% margin on standard Model Y.
Shorts say Tesla can never get a 100% owned factory in China, they are wrong. They say it's swamp land, they are wrong. They say Tesla can only build a tent on that land, they are wrong. They say the construction can't be done in 2019, they are wrong again. I think the phase one construction will be done in 48 more days.
Shorts say Tesla's autonomous driving is dead last place among two dozen companies. I see my Tesla car is already doing self-driving on highway, that's before the FSD hardware/software is installed.
One the one hand, I'm glad to see that it isn't just Elon that gets bullied. But, on the other hand, it pulls my opinion of humanity even lower. Twitter really is a cesspool.
