Have owned all my TSLA (2500 shares ) since 2016 and have never sold any of it. I was in for the long-term but now I’m starting to question that decision. I don’t see anything else in 2024 that is going to give the stock any kind of boost perhaps I’m missing something. I’m considering rolling it into AMZN
I also don't think anything in 2024 will give TSLA a boost, at least not a meaningful one. I don't think we'll be staying at $181 like we are today, but I doubt we'll see $300 at all in 2024 now either. When (if?) the Fed lowers rates that could possibly push us up again, but given the expected low production growth coupled with relatively flat EPS, I'm not even sure that would boost TSLA much in 2024.
Now, your thoughts about rolling your TSLA into AMZN is certainly one choice. AMZN will probably outperform TSLA this year.
HOWEVER, this is Tesla, and while 2024 and even some of 2025 might be (relatively) flat for TSLA, we have any number of catalysts which could be surprises to the upside by a good amount. FSD v12 might really start progressing fast now that it's end to end AI. Optimus is progressing quickly, and while it certainly won't enter production this year, if Tesla deploys prototypes into it's own factories and starts showing the world what it is capable of, well the stock just might explode up on such a thing. And we do have Gen3 production coming late next year.
"Time in the market" almost always beats "timing the market". While rolling TSLA into AMZN for 2024 might be a good short term move, Tesla is unpredictable, and it could suddenly respond to some unforseen positive catalyst (of which we have many coming up) which launches the stock upwards like what happened in 2020. If you are all in on AMZN when that happens, well then you miss the runup.
As a long TSLA holder you have to ask yourself: do you believe in the long term growth story, even despite some lulls in that story from time to time? Because lulls will happen, they are normal and even expected to a degree, but if your confidence is easily shaken by such lulls then maybe TSLA isn't the investment for you. For example, VOO is a time and trued reliable investing vehicle.
Personally, despite a potential one or two year lull, Tesla looks stronger than ever to me with regards to future growth. I'm holding on.