2024-07-17 16:59:05 ET
Summary
- Tesla, Inc. AI robots gained increased media attention. If these robots are commercially successful, it could represent a dramatic economic shift in many industries and a boon to Tesla stock.
- However, the Tesla robotic push is going to take time. Maybe a few years. This will require patience from investors.
- Other Tesla divisions appear to be doing very well, such as fixed energy storage.
- Tesla stock has risen over 35% in a month. P/E ratios are rather high too. Investors are paying a premium for potential growth. Yet, CEO Elon Musk has delivered in the past and could continue to do so. We are adding to our Tesla position.
Years ago, I was a Tesla, Inc. ( TSLA ) skeptic. I remember talking to a buddy of mine who owns Tesla stock and drives a Tesla. My argument to him was, “How is Tesla going to compete once all the large car companies get serious and enter the market?” Given the large market cap of Tesla (that was bigger than all the car companies combined), it did not make sense to me. Yes, I listened to his words and ideas, but I remained skeptical for years. My friend was patient with me and I kept listening to him. Eventually, I changed my mind and I watched Elon Musk push SpaceX forward, I watched him build a lithium refinery in Texas, I saw he also designs semiconductor processors for his cars. Now I understand, and I own Tesla stock....
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As A Skeptic, I Drank The Tesla Robot Kool-Aid And Liked It