I continue to be bullish on Tesla for the following reasons:
I looked back and my first Tesla investment began in 2014. I believe it was around that time when I had a conversation with my cousin's husband who worked at SpaceX. He told me he worked on getting all of the different hardware to "talk" to each other. The hard part was that after working long hours to get everything to work he'd have to almost do it all over again because so many of the parts had been upgraded.
This surprised me because I assumed the same version of rocket kept being used for launches and he insisted the improvements were ongoing and happened at breakneck speeds. "It's practically a new rocket every few weeks!"
This was a clear sign to me that Elon Musk operated at a different level. Specifically his pace of innovation far outpaced anyone else and this was a strong moat and competitive advantage that I saw for Musk-led companies.
Over time and with the introduction of the model s and then the model x I saw that Tesla was producing performance vehicles jam-packed with technology. Technology and innovation was a soft spot that I saw in the auto industry. I was always disappointed with the technology in vehicles and the molasses-slow micro improvements in performance.
Years later I learned the number one and two companies that engineering students wanted to work at was SpaceX and Tesla.
Elon Musk's Tesla, SpaceX top list of most attractive employers for engineering students
This is the same "brain drain" that I researched with a college professor at USC. His hypothesis was that when companies like Google are recruiting the top graduates every year they cannot help but innovate at a faster rate than the competition. Furthermore the competition is left hiring the "leftovers". This is another competitive advantage.
China and Europe both have worked on policies to phase out ICE engines by 2040.
China's All In On Electric Vehicles: Here's How That Will Accelerate Sales In Other Nations.
China and Europe had 2019 auto sales of roughly 20M and 15M new vehicles. Bottom line here is that Tesla has plenty of room to grow.
Lastly I had hours long discussions with a relative who initially did not believe in Tesla or Musk and the end result of these discussions led him to not only invest in Tesla, but he now works for Tesla in the energy side of the business. He can't divulge information, but he is maxed out on the employee stock purchase program. Nuff said.
And we aren't even getting into how boring company and robotaxi will be disruptive and lead to exponential growth in valuation.
As I continue to read every post on this forum and read any Tesla related news I am left feeling confident that Tesla is on the right path and an ideal investment for the foreseeable future.
Tl;Dr: I'm buying what Elon's selling.
