I posted this on Saul’s portfolio review thread before realizing there is another thread on TSLA.
"I have been building relatively large (>5%) position in TSLA over last two months. I feel like the transition story I mentioned above for NTNX will happen much faster with TSLA.
If you read Phil Fisher (who probably had more influence on Warren Buffett’s success than Ben Graham had), Phil offers an example of a factory based business (cant remember product). His point is, after initial product is successful, a new company needs to build a factory to expand capacity. While the factory is being built, financials suddenly start looking terrible and stock gets hammered. However, once the factory is built and production starts ramping, the financials continue to enhance many quarters in a row and that drives stock price up for while. In modern America, this is the first such example I can see… and add on the top all the genius of Musk and you have the recipe for a huge run.
(I hear all craziness around Musk this year but you need to read / listen to Musk’s biography by Ashlee Vance. It takes that craziness to build what Musk has built and you cant expect it any other way.)
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In addition, like others mentioned here, I see TSLA, as technology company, agile company, company with cause, company with many optionalities built in - and its proven unbeatable by anyone yet in vision, product design, customer experience and execution. And they are chasing big big dreams… not matched by any of the cloud companies we are talking about.
So to me, time is right to start owning TSLA… and hopefully it will enable me to own a Tesla as well!