Major rant incoming:
I’ve got over a mil in
$TSLA. May not be much for some but it’s a big deal for me. For the first time, I’m seriously starting to doubt the company’s future.
In 2018, when it was really tuff, I had the opposite sense. Our CEO
@Tesla was maniacally driven to succeed, pouring his heart and soul to save the company. So I invested. It paid off. I’m grateful to Elon for making it work.
Now, the picture is different:
Company is slowing the fun, slowing growth, delayed in every piece of critical tech that was supposed to be the future of the company (new models, FSD, batteries, robotaxi). While others are catching up (Tesla fans, don’t kid yourselves - there are seriously good EVs out there).
Biden’s $7500 and tariffs on Chinese EVs are what’s keeping US sales barely at same level as last years. Yet CEO and his enablers are driven on a completely different agenda now, focused on divide, hateful, hurtful political ideas that undoubtedly are alienating potential customers.
I met several Tesla employees who moved to my neighborhood. I hear that many employees feel unease as their previously beloved CEO is now at war with people who think or live like them. They feel attacked and they lost the maniacal drive that they had from the leader who was driven for the same cause they were. They don’t feel that anymore because of Elon’s war with what he describes as the woke or the left.
I love my car. I wouldn’t consider replacing it with another brand given the current set of features and price of the car, especially with “communist” Biden’s $7500 tax credit. But I have started looking for a car that says something different about its owner than being a right winger. Rivian looks very appealing.
And I am doubting the stock.
But my view of Elon is complicated. As much as I hate seeing him lose focus, I am one interview or one brilliant business decision away from being at awe of his strategic thinking and vision.
So, I’m not sure what to do with my
$TSLA.
If any
$TSLA all-in bro is going to tell me “sell your stock and stop whining” I’d like to tell you this: GFY.