Wow, a lot has changed since April 29 of this year. I know, understatement of the day, right? We'll get into a bunch of the other 2020 happenings in a later post.
As far as Tesla goes, the stock is up 273% since I wrote this post on April 29 when the stock was $157. The company is now trading at a $555 BILLION valuation! Tesla has produced quarterly profits and sales volumes that repeatedly beat anyone's expectations and has just recently been added to the S&P 500. That news, alone, has helped to propel the stock from the low 400s to it's current 585 in just the last two weeks.
No one will dispute that Tesla's unit sales volume doesn't justify the $555 billion valuation and there are certainly many bears that believe the company is a fraud, will be discovered as such and ultimately be out of business. The bulls, on the other hand, believe that Tesla's IP, data, and overwhelming lead in EV creates an insurmountable moat for any other car company. I'd say that they could have a tremendous opportunity to partner or license their tech and data to the others. With that being said, is it worth $555 BB? I don't know, probably not, but glad to have made some good coin with TSLA this year. I don't own the stock any longer but it'll be fun to watch what happens.
No matter the side that you take, I'll say that this post aged quite nicely.
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