Number 1 and probably the BIGGEST reason is Reddit’s sentiment towards Musk and Tesla. There are literally subreddits dedicated to hating on him and the brand. Yes, I’ve lost respect for Elon for his numerous stunts. The guy is on drugs and isn’t the charismatic CEO he once was. However, when Reddit shits on a brand, it’s time to buy.
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Over the last 3 years Tesla has increased revenue by 200%, NI up 300%, cash and short term investments up by a few hundred percent, assets up by a few hundred percent, liabilities are up 80%. It’s also trading 5-6x sales. But the stock has been discounted by 60%? Tesla is going to crash and burn? Yea right.
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No car company has come close with their FSD capabailities. Before you say “but but Mercedes has done it better!” No they haven’t. Mercedes FSD capabilities can’t change lanes, works in daytime only, no inclement weather, etc. in other words, it’s garbage. Tesla will reign supreme with FSD and they’ll license the technology out to other OEMs in a few years.
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Tesla Energy is flying under the radar and one of their biggest revenue drivers in the future. I don’t even know where to start with how large this opportunity is. With a waitlist of 2+ years, demand is sky high and will only continue to keep growing.
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I had the chance to speak to the CEO of a major auto OEM and he literally admitted that everyone is playing catch up to Tesla. So there’s that.
MSM and Redditors hate Tesla and Musk. They don’t realize the EV adoption is in between growth waves and that by 2030, most new cars being bought will be EV. Tesla is absolutely going to reign king. Additionally, most of you here are trying to make short term gains.
Currently holding 200 shares of TSLA and will be buying 200 more.
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