I don’t really understand Tesla either ha. I bought it in January 2023 on a simple basis: it was delivering vehicles at 40-50% growth clip while all other major vehicle manufacturers were flat to negative. It’s margins were 3x better than it’s peers and it’s forward p/e was exactly 3x it’s peers (21x). I felt like I was paying a fair price for the car business and getting the energy business, robotics business, supercomputing, full self driving, etc for free. So in a moment in time it was a favorable risk/reward. At 70x it doesn’t make much sense anymore.
I am also a concentrated investor. Thanks for taking your time finding all those quotes. I have to admit I can't agree with the Nvidia and Tesla positions but that is just me being too dumb to understand and properly value them in the first place.
Hey Joshua, thanks for your note!
I don’t really understand Tesla either ha. I bought it in January 2023 on a simple basis: it was delivering vehicles at 40-50% growth clip while all other major vehicle manufacturers were flat to negative. It’s margins were 3x better than it’s peers and it’s forward p/e was exactly 3x it’s peers (21x). I felt like I was paying a fair price for the car business and getting the energy business, robotics business, supercomputing, full self driving, etc for free. So in a moment in time it was a favorable risk/reward. At 70x it doesn’t make much sense anymore.
What about Nvidia do you not like?
Bad investor. Very sad!
You voted for Biden didn’t you? Very sad!
I am also a concentrated investor. Thanks for taking your time finding all those quotes. I have to admit I can't agree with the Nvidia and Tesla positions but that is just me being too dumb to understand and properly value them in the first place.