Looked in on portfolio to check on $tsla post musk’s 19.5m sale. Brutal but am still up 10x from when I bought in. Am hodling.
But just noticed that Cloudflare, which I FOMOed into a year ago is down 78% 😖😬
Also smol Rivian position as an EV hedge: down 77%
(Bulk still S&P)
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I used to be a pure index investor. Then for fun I dabbled a bit of play money in single tech stocks. Tech stocks returned way better than S&P, and I never rebalanced, so I guess I’m no longer pure index. Still majority index.
Also play money in lithium that tanked entirely.
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I no longer know what to think of Tesla. It’s been a few years since I looked closely when working with them and got convinced it’s got a real edge on trad auto doing EVs, but the competition is catching up fast, and there’s genuine risk now due to Elon twitter thing.
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Being a semi-active long investor and very online social media type allows your market paranoia and politics/society paranoia to partially balance each other out since they tend to not correlate strongly. Ie the two are not usually equally wrong about reality at the same time.
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Isn't the real value of Tesla in the battery tech being created rather than the cars themselves?
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I'd think of them long term as a battery company, not sure they can overcome their build quality problems and labour problems with neo-Detroit catching up. As usual I know nothing, but let's face it, Elon's never going to resolve any labor problems as long as he lives.
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They still have an edge both in end-product and manufacturing/margin, but valuation is super high so it depends entirely on what you think of FSD and the TeslaBot.



