Dave Lee on Investing

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is, https://www.youtube.com/watch?v=r9HtG-jJSTY

Watch this video on how new tech goes mainstream, https://youtu.be/gVsFsydllNo

In this video I take a deeper look at the rumored Apple Car and if it poses a threat to Tesla.

Is Apple serious about making a car?

Apple has invested in Project Titan, their electric car and autonomous driving project which started in late 2014.

In mid-2016, they put Bob Mansfield in charge.

In 2018 they hired Doug Field, who previously oversaw the Model 3 program at Tesla.

In early-mid 2019 Apple hired two Engineering VPs from Tesla.

In 2019, Apple acquired Drive.ai, a startup focusing on autonomous driving.

Why would Apple want to make a car?

Supposedly it was one of Steve Job’s dream to make a car

Apple and Google don’t want to be kicked out of the car.

They know cars are going autonomous, and whoever controls the car experience can direct the attention of passengers in the vehicles, which is a huge market opportunity.

What are Apple’s advantages in making a car?

Cash

Long-term vision

Execution

Connect with iOS and full Apple ecosystem

Brand/reputation

What are the disadvantages Apple has in making a car?

Lack of experience with complex manufacturing

Risk of spectacular failure

Cars are low margin, ultra competitive

Key value add is autonomous driving software

But don’t have the best AI engineers

Who wins if Apple and Tesla go head to head in the auto industry?

Tesla clearly has the advantage because Tesla is focused on electric cars and autonomous driving as their main life-and-death product. For Apple, it’s optional and doesn’t hold the same intensity as with Tesla.

Further, Tesla has already crossed the chasm and their products are now going mainstream.

They’re now able to enjoy economies of scale and make their projects even more compelling and affordable.

Here are some questions I answer in the video as well

Heidi Wang

Dave, can you comment on a future world where people don’t have to own a car?

Mark Binstadt, Jackson Wyoming

Video question

tfragia1

Hi Dave. I'm curious what you think about Amazon as a company? In my view, they have long been a disrupter like Tesla and still are. They've also had compelling services and have executed quite well over time. Unfortunately I didn't buy their stock back in 2000. I could have retired if I did at 200x growth. And now they're stock seems to be over valued, but I'm wondering if you think their growth prospects are still good? Thanks. Love your channel.

Steve Bim

Make a daily DaveShow that cover 1 big or interesting investing news and give your opinion . I believe lots of people would love to hear your views over CNBC, on the way to work or after get home. Great value for everyone and not much work for you.

Chung Kenneth

Thanks Dave for your insights! I have a question. I am new stock investing and I've spent lots of hours of studying the business and I decided to invest long term. When I decided to invest, the stock was valued at $450. My wife and I thought, let's just wait until it drops a little but since the price was rising for some time. But the value has been skyrocketed and we kept saying let's just wait a bit... the price must come down a little bit, right? and the stock is valued at $880 as I am writing this post after trade hours. I feel so bad for the missed opportunities! Every time I want to invest, I keep thinking, the price must come down... I do believe in the company so I should invest. But I just don't know what I should do. Can you give me some guide? Thanks!

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is, https://www.youtube.com/watch?v=r9HtG-jJSTY

Watch this video on how new tech goes mainstream, https://youtu.be/gVsFsydllNo

In this video I take a deeper look at the rumored Apple Car and if it poses a threat to Tesla.

Is Apple serious about making a car?

Apple has invested in Project Titan, their electric car and autonomous driving project which started in late 2014.

In mid-2016, they put Bob Mansfield in charge.

In 2018 they hired Doug Field, who previously oversaw the Model 3 program at Tesla.

In early-mid 2019 Apple hired two Engineering VPs from Tesla.

In 2019, Apple acquired Drive.ai, a startup focusing on autonomous driving.

Why would Apple want to make a car?

Supposedly it was one of Steve Job’s dream to make a car

Apple and Google don’t want to be kicked out of the car.

They know cars are going autonomous, and whoever controls the car experience can direct the attention of passengers in the vehicles, which is a huge market opportunity.

What are Apple’s advantages in making a car?

Cash

Long-term vision

Execution

Connect with iOS and full Apple ecosystem

Brand/reputation

What are the disadvantages Apple has in making a car?

Lack of experience with complex manufacturing

Risk of spectacular failure

Cars are low margin, ultra competitive

Key value add is autonomous driving software

But don’t have the best AI engineers

Who wins if Apple and Tesla go head to head in the auto industry?

Tesla clearly has the advantage because Tesla is focused on electric cars and autonomous driving as their main life-and-death product. For Apple, it’s optional and doesn’t hold the same intensity as with Tesla.

Further, Tesla has already crossed the chasm and their products are now going mainstream.

They’re now able to enjoy economies of scale and make their projects even more compelling and affordable.

Here are some questions I answer in the video as well

Heidi Wang

Dave, can you comment on a future world where people don’t have to own a car?

Mark Binstadt, Jackson Wyoming

Video question

tfragia1

Hi Dave. I'm curious what you think about Amazon as a company? In my view, they have long been a disrupter like Tesla and still are. They've also had compelling services and have executed quite well over time. Unfortunately I didn't buy their stock back in 2000. I could have retired if I did at 200x growth. And now they're stock seems to be over valued, but I'm wondering if you think their growth prospects are still good? Thanks. Love your channel.

Steve Bim

Make a daily DaveShow that cover 1 big or interesting investing news and give your opinion . I believe lots of people would love to hear your views over CNBC, on the way to work or after get home. Great value for everyone and not much work for you.

Chung Kenneth

Thanks Dave for your insights! I have a question. I am new stock investing and I've spent lots of hours of studying the business and I decided to invest long term. When I decided to invest, the stock was valued at $450. My wife and I thought, let's just wait until it drops a little but since the price was rising for some time. But the value has been skyrocketed and we kept saying let's just wait a bit... the price must come down a little bit, right? and the stock is valued at $880 as I am writing this post after trade hours. I feel so bad for the missed opportunities! Every time I want to invest, I keep thinking, the price must come down... I do believe in the company so I should invest. But I just don't know what I should do. Can you give me some guide? Thanks!

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

In this video I share a framework on how we can understand disruption and choose the big winners before other people do.

In Geoffrey Moore’s classic book, Crossing the Chasm, he shares some key principles that help us understand the technology product life cycle and why certain products make it to the mainstream and others fail.

Crossing the chasm means when a product, service or technology moves from the early adopters to an even larger market, known as the Mainstream market.

In order to cross the bridge from the Early market over to the Mainstream Market, a product must be a whole product, and simply easy-to-use.

Currently the big achilles heel for electric vehicles is long distance travel.

Tesla’s strategy was to mitigate this disadvantage by providing free supercharging access with a dense network of superchargers.

And they further mitigated this disadvantage by making an electric car that was more compelling in almost every area (performance, safety, technology, design, handling, storage capacity, etc) than the comparable ICE car in its price category.

By doing so Tesla was able to provide a more compelling whole product, and had a chance against the current ICE ecosystem.

Non-Tesla auto makers are not providing a whole product with their electric vehicles, since they don’t have dense fast charging networks to mitigate the inconvenience of long distance travel.

Ford, GM, Toyota, VW, BMW, Mercedes - all seem to be waiting for demand to pick up before “investing” in fast charging networks of their own.

Further, auto makers aren’t even trying to disrupt their current ICE cars, and aren’t making EVs that are more compelling than their ICE cars at the same price.

By preserving their profits on their ICE cars, they are hesitant to go all-in in EVs.

Here are some questions that are answered in the Q&A section:

miledy116

Outstanding!! Many thanks for this video. I'm a Tesla bull but still like to see you talking the darker side of the story. For example: What if Giga4 can't be finished on time? What happen if Elon quits? Should we be worried about collaboration between legacy automaker and tech giants? How long do we have to wait until Tesla has enough capacity to supply the whole world? Build quality of Tesla cars

Patrick R

Given your love of reading (which I share), is there a reason you're publishing only on video (and podcast)? As you point out, reading provides such a higher bandwidth. Having content in writing makes it easier to absorb quickly, review, comment, annotate, highlight, and reference, to mention just a few.

H mejia

Hey Dave, are you putting together a team? I want in. Serious.

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

In this video I share a framework on how we can understand disruption and choose the big winners before other people do.

In Geoffrey Moore’s classic book, Crossing the Chasm, he shares some key principles that help us understand the technology product life cycle and why certain products make it to the mainstream and others fail.

Crossing the chasm means when a product, service or technology moves from the early adopters to an even larger market, known as the Mainstream market.

In order to cross the bridge from the Early market over to the Mainstream Market, a product must be a whole product, and simply easy-to-use.

Currently the big achilles heel for electric vehicles is long distance travel.

Tesla’s strategy was to mitigate this disadvantage by providing free supercharging access with a dense network of superchargers.

And they further mitigated this disadvantage by making an electric car that was more compelling in almost every area (performance, safety, technology, design, handling, storage capacity, etc) than the comparable ICE car in its price category.

By doing so Tesla was able to provide a more compelling whole product, and had a chance against the current ICE ecosystem.

Non-Tesla auto makers are not providing a whole product with their electric vehicles, since they don’t have dense fast charging networks to mitigate the inconvenience of long distance travel.

Ford, GM, Toyota, VW, BMW, Mercedes - all seem to be waiting for demand to pick up before “investing” in fast charging networks of their own.

Further, auto makers aren’t even trying to disrupt their current ICE cars, and aren’t making EVs that are more compelling than their ICE cars at the same price.

By preserving their profits on their ICE cars, they are hesitant to go all-in in EVs.

Here are some questions that are answered in the Q&A section:

miledy116

Outstanding!! Many thanks for this video. I'm a Tesla bull but still like to see you talking the darker side of the story. For example: What if Giga4 can't be finished on time? What happen if Elon quits? Should we be worried about collaboration between legacy automaker and tech giants? How long do we have to wait until Tesla has enough capacity to supply the whole world? Build quality of Tesla cars

Patrick R

Given your love of reading (which I share), is there a reason you're publishing only on video (and podcast)? As you point out, reading provides such a higher bandwidth. Having content in writing makes it easier to absorb quickly, review, comment, annotate, highlight, and reference, to mention just a few.

H mejia

Hey Dave, are you putting together a team? I want in. Serious.

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

Today an article from the Nikkei Asian Review came out with a great quote. A stunned engineers from a major Japanese automaker examined Tesla’s onboard AI computer and declared “We cannot do it.”

In this video, I’m going to take a deeper look at what’s going on here and shed light on Tesla’s competitive advantage.

Here’s some main quotes from the article https://asia.nikkei.com/Business/Automobiles/Tesla-teardown-finds-electronics-6-years-ahead-of-Toyota-and-VW2:

“One stunned engineer from a major Japanese automaker examined the computer and declared, "We cannot do it.””

“The real reason for holding off? Automakers worry that computers like Tesla's will render obsolete the parts supply chains they have cultivated over decades, the engineer said.”

“Such systems will drastically cut the number of electronic control units, or ECUs, in cars. For suppliers that depend on these components, and their employees, this is a matter of life and death.

So big automakers apparently feel obliged to continue using complicated webs of dozens of ECUs, while we only found a few in the Model 3. Put another way, the supply chains that have helped today's auto giants grow are now beginning to hamper their ability to innovate.”

Current auto makers have some big problems when it comes to adapting to new technology

One of the main problems is that they’ve outsourced their software and electronics. And their focus is on making the engine, chassis, suspension, and assemble, while marketing and distributing the cars.

All of this is dependent on scale and also on a disruptive company not entering the auto market.

The auto makers have no real software expertise, as making great software is extremely difficult

Also, it’s going to be difficult to create an integrated car as well.

In many ways the traditional auto makers are structured against innovation and their rigid cost optimization structures make them resistant to change.

Here are some questions I answer in the Q&A section:

1. “Can you give us an update on SpaceX’s launch of new Starlink satellites today?”

2. simplyjulian

Hi Dave what are your thoughts on SPCE though? Does it qualify as a generational stock in your opinion? Or at 28 is it already speculative?

Mirage Leung 

Nice video, thanks for sharing your perspective! Dave, what're your thoughts on SPCE - Virgin Galactic?

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

Today an article from the Nikkei Asian Review came out with a great quote. A stunned engineers from a major Japanese automaker examined Tesla’s onboard AI computer and declared “We cannot do it.”

In this video, I’m going to take a deeper look at what’s going on here and shed light on Tesla’s competitive advantage.

Here’s some main quotes from the article https://asia.nikkei.com/Business/Automobiles/Tesla-teardown-finds-electronics-6-years-ahead-of-Toyota-and-VW2:

“One stunned engineer from a major Japanese automaker examined the computer and declared, "We cannot do it.””

“The real reason for holding off? Automakers worry that computers like Tesla's will render obsolete the parts supply chains they have cultivated over decades, the engineer said.”

“Such systems will drastically cut the number of electronic control units, or ECUs, in cars. For suppliers that depend on these components, and their employees, this is a matter of life and death.

So big automakers apparently feel obliged to continue using complicated webs of dozens of ECUs, while we only found a few in the Model 3. Put another way, the supply chains that have helped today's auto giants grow are now beginning to hamper their ability to innovate.”

Current auto makers have some big problems when it comes to adapting to new technology

One of the main problems is that they’ve outsourced their software and electronics. And their focus is on making the engine, chassis, suspension, and assemble, while marketing and distributing the cars.

All of this is dependent on scale and also on a disruptive company not entering the auto market.

The auto makers have no real software expertise, as making great software is extremely difficult

Also, it’s going to be difficult to create an integrated car as well.

In many ways the traditional auto makers are structured against innovation and their rigid cost optimization structures make them resistant to change.

Here are some questions I answer in the Q&A section:

1. “Can you give us an update on SpaceX’s launch of new Starlink satellites today?”

2. simplyjulian

Hi Dave what are your thoughts on SPCE though? Does it qualify as a generational stock in your opinion? Or at 28 is it already speculative?

Mirage Leung 

Nice video, thanks for sharing your perspective! Dave, what're your thoughts on SPCE - Virgin Galactic?

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

Today an article from the Nikkei Asian Review came out with a great quote. A stunned engineers from a major Japanese automaker examined Tesla’s onboard AI computer and declared “We cannot do it.”

In this video, I’m going to take a deeper look at what’s going on here and shed light on Tesla’s competitive advantage.

Here’s some main quotes from the article https://asia.nikkei.com/Business/Automobiles/Tesla-teardown-finds-electronics-6-years-ahead-of-Toyota-and-VW2:

“One stunned engineer from a major Japanese automaker examined the computer and declared, "We cannot do it.””

“The real reason for holding off? Automakers worry that computers like Tesla's will render obsolete the parts supply chains they have cultivated over decades, the engineer said.”

“Such systems will drastically cut the number of electronic control units, or ECUs, in cars. For suppliers that depend on these components, and their employees, this is a matter of life and death.

So big automakers apparently feel obliged to continue using complicated webs of dozens of ECUs, while we only found a few in the Model 3. Put another way, the supply chains that have helped today's auto giants grow are now beginning to hamper their ability to innovate.”

Current auto makers have some big problems when it comes to adapting to new technology

One of the main problems is that they’ve outsourced their software and electronics. And their focus is on making the engine, chassis, suspension, and assemble, while marketing and distributing the cars.

All of this is dependent on scale and also on a disruptive company not entering the auto market.

The auto makers have no real software expertise, as making great software is extremely difficult

Also, it’s going to be difficult to create an integrated car as well.

In many ways the traditional auto makers are structured against innovation and their rigid cost optimization structures make them resistant to change.

Here are some questions I answer in the Q&A section:

1. “Can you give us an update on SpaceX’s launch of new Starlink satellites today?”

2. simplyjulian

Hi Dave what are your thoughts on SPCE though? Does it qualify as a generational stock in your opinion? Or at 28 is it already speculative?

Mirage Leung 

Nice video, thanks for sharing your perspective! Dave, what're your thoughts on SPCE - Virgin Galactic?

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

It’s been almost 9 years since the passing of Steve Jobs.

And I still occasionally think about Steve Jobs and what he stood for.

Steve Jobs had the key insight that great innovation combined technology and the liberal arts.

He embraced science and technology, but also humanities and liberal arts.

Rather than seeing them opposed, he saw them as complimentary.

People tend to make shallow judgements and reject things that oppose their existing beliefs.

But it’s possible the seemingly opposing beliefs can be true and held in one hand.

In investing it’s important to have both exceptional quantitative and qualitative skills.

In other words, it’s crucial to look at both the numbers side of the company but also the management, leadership and product.

Elon Musk also has brought together a deep understanding of science and technology and combined it with design, accessibility and ease-of-use to make revolutionary products that are changing the world.

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

It’s been almost 9 years since the passing of Steve Jobs.

And I still occasionally think about Steve Jobs and what he stood for.

Steve Jobs had the key insight that great innovation combined technology and the liberal arts.

He embraced science and technology, but also humanities and liberal arts.

Rather than seeing them opposed, he saw them as complimentary.

People tend to make shallow judgements and reject things that oppose their existing beliefs.

But it’s possible the seemingly opposing beliefs can be true and held in one hand.

In investing it’s important to have both exceptional quantitative and qualitative skills.

In other words, it’s crucial to look at both the numbers side of the company but also the management, leadership and product.

Elon Musk also has brought together a deep understanding of science and technology and combined it with design, accessibility and ease-of-use to make revolutionary products that are changing the world.

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise

Follow me on Twitter: https://twitter.com/heydave7

Follow me on Instagram: https://www.instagram.com/heydave7

Watch this video on what a 10x company is:

My TSLA Exit Plan, https://www.youtube.com/watch?v=r9HtG-jJSTY

In this video, I’m going to share a story from 2013 when my wife wanted me to sell our Tesla stock at $40 and what I told her.

Some people like to trade in and out of their stock positions.

It’s the culture of the stock market to focus on short-term gains and to preserve profits.

However, when I find a company that I think has a clear and probably path to a 10x valuation in 5-10 years, then I think it’s a good idea to hold on as long as they are progressing toward that goal.

I share some examples and illustrations in this video.

Please share this video with others on Reddit, Facebook groups, and forums.

Check out my archived articles/posts on Tesla: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date.

Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

Subscribe to Dave Lee on Investing on Soundwise