i just bought $18,645 of TESLA STOCK

TL;DR

The content discusses why the author bought over $18,000 worth of Tesla stock as a speculative investment and addresses questions about Tesla's potential, profitability, risk, and the author's long-term holding strategy.

Transcript

I just bought over $18,000 worth of Tesla stock here today alright and there are gonna be a ton of questions with this one I'm gonna answer all those after we'll get into all those questions that you guys have first off let's just look here so basically I created a separate account that's away from all my other accounts that is just going to be cal... Read More

Key Insights

• 🙈 Tesla is seen as a disruptor in both the auto and energy industries, making it an attractive long-term investment.
• ✋ Speculative investments, like Tesla, can provide excitement and potential for significant returns but also come with higher risk.
• 🍉 The author's investment strategy for Tesla involves a long-term hold of at least five to ten years, regardless of short-term price movements.
• ❓ They emphasize that speculative stocks should not make up a significant portion of an investor's portfolio.
• 🖤 Tesla's lack of current profitability is acknowledged as a risk but is outweighed by the belief in its future potential.
• 🥺 The author sees Tesla as a visionary company led by Elon Musk, who has a track record of successful ventures like SpaceX.
• 🙃 The potential upside for Tesla is seen as a 10x return on investment, but the risk of a total loss is also acknowledged.

Questions & Answers

Q: Why did the author buy Tesla stock despite its lack of profits?

The author believes that Tesla is disrupting both the auto and energy industries, making it an attractive long-term investment. They also mention that they typically do not invest in companies without profits but make an exception for speculative stocks like Tesla.

Q: How long does the author plan to hold the Tesla stock?

The author intends to hold the stock for at least five to ten years, demonstrating their confidence in Tesla's potential. They compare it to a speculative investment in Apple in the late 90s, which turned out to be successful in the long run.

Q: Why did the author invest the entire amount in Tesla in one day?

The author explains that they usually buy stocks in smaller increments, but in this case, as a speculative investment, they decided to invest the entire $18,000 in one day to establish their position in Tesla.

Q: Will the author add more shares of Tesla in the future?

No, the author does not plan to add any more shares of Tesla. They view this initial investment as their position in the stock and do not intend to buy more, regardless of price fluctuations.

Summary & Key Takeaways

• The author purchased over $18,000 worth of Tesla stock due to their belief in the company's disruption of the auto industry and potential in both electric vehicles and autonomous driving.

• Despite Tesla's lack of profits, the author sees it as a speculative investment and a way to add excitement to their portfolio.

• The author plans to hold the stock for at least five to ten years, regardless of short-term fluctuations, and has no intention of adding more shares.