Tesla is imploding… I’m out! Today, I have a confession to make…
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THE BACK STORY:
Tesla are without a doubt such an interesting company… I mean in just a couple of short months, Tesla has grown by over 55%. This has made tesla more valuable than every car company combined!
If I’m honest, though, it’s not really fair to call Tesla a car company, as it’s so much more than that. They’re already involved in Solar power, Battery technology and the future could even include a full fleet of self-driving taxis.
FACTOR 1: Fundamentals
My traditional approach of carrying out fundamental analysis, which includes looking at balance sheets & cash flow statements, to determine if a company is a good long-term investment, doesn’t really work that well for Tesla, as it’s all about the future of the company, and not the numbers they’re currently doing.
I’m not saying I don’t like Tesla, or you shouldn’t invest. It’s just important to remember that Tesla is highly dependent on future innovation, and is already valued higher than every car company, without actually selling the most cars. So it has a lot to live up to!
FACTOR 2: Elon Musk
I can’t make this video without mentioning the wild card that is Elon Musk and his unrivalled influence over Tesla’s stock price.
Who else has the power to make overnight millionaires or cost people fortunes, with a single tweet!
On November 6th, Elon tweeted a simple poll asking if he should sell 10% of his Tesla shares. He also promised that he would abide by the results of this poll, whichever way it goes
As you can imagine, Twitter said yes.
FACTOR 3: Hertz Deal
Now we need to talk about the Hertz deal as this was the main reason Tesla stock pumped past the $1,000 mark and it could be a huge weakness.
This caused tesla to reach a 1.2TRILLION dollar market cap, which is absolutely INSANE.
This caused Tesla stock to surge. However, Elon Musk being the troll that he is, mentioned on Twitter that if the recent growth was down to the Hertz deal then it wasn’t actually signed yet.
FACTOR 4: New Investors
Since the pandemic, new investors are on the rise, and the trendy thing seems to be investing in Tesla. This could cause big problems in the future.
The problem comes when new investors are just looking to make a quick return and therefore can’t stomach a huge loss in their money.
FACTOR 5: Diversification
Having a large percentage of your money in one stock can be extremely risky and that’s why I’ve been diversifying!
I see huge potential in electric vehicles & I drive a Tesla myself which I absolutely love, despite the lack of noise, the power is instant.
MY NEW INVESTMENTS
Rivian: Hasn’t sold that many vehicles, but they are backed by Amazon & Ford. They have Electric Pickup trucks, Electric SUVs, and even electric delivery vehicles which could be the perfect fit for Amazon Prime.
Gores Guggenheim: Is basically Polestar, as they’ve done a SPAC merger.
Polestar is a relatively small company, but I really like the cars and think they have a lot of room for growth.
Enphase Energy: Are really focused on innovation and growth, and their revenue is climbing.
They are paving the way throughout this emerging market and as more and more customers are turning green, they are just scooping them up.
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