Over the Memorial Day weekend, we were in San Diego seeing loads of family. One other thing we saw loads of were shiny, new Tesla cars. They were at the restaurant we ate at, they passed us on the freeway and they were parked by us at the beach. Mama started to get that itchy stock feeling.
Tesla Motors is real because there is, apparently, a growing market of folks who can afford this electric car extravaganza at $90,000 a pop. Not me, of course. But I had a better idea. Buy Tesla stock. (Nasdaq: TSLA)
Now, let me be clear that I don’t have beaucoup investing bucks lying around so I sold a little something else that was stuck in first gear (not all Mama’s picks are superstars) and traded it in for this new, flashier model– 25 shares of Tesla at about $103/share on May 29. Then it dropped to $94 on June 5 and I bought another 25. And then Tesla stepped on the accelerator and sped to $128 by July 15! That was crazy– I made nearly $1500 bucks in about a month…but only if I sold. So I did.
I usually buy and hold stocks because mama gets attached to her stocks but this high flyer made me nervous enough that I decided to take some profits. But I wasn’t done with the stock. No, indeed, because just a couple of weeks ago, I noticed that a Tesla store had opened in Burlingame which is just 20 miles up the road from their Palo Alto flagship store. They are clearly expanding to keep up with demand. The way Tesla is speeding along, it reminded me of Starbucks’ rapid opening of new locations back in the early ’90s when I jumped on their stock. So, I jumped back in to TSLA on August 7 with 50 shares at $132/share. And, now, I’m not going to worry about the daily ups and downs and the experts financial crystal ball chatter & baloney that can make you crazy.
Why shouldn’t you listen to all the chatter? Because while lots of experts are predicting Tesla’s big fall from grace, others are promising Tesla will continue rocketing. I say, “Keep your eyes on the road.” If you keep seeing Tesla in your rear view mirror, you’ll know what I know. Tesla is changing the car buying game. I may not be able to afford to ride in one but I’m riding the stock and hanging on tight!
- Tesla Motors Inc (TSLA): Should You Go All In? (etfdailynews.com)
- Tesla has economic value of $50: David Trainer – MarketWatch (blog) (blogs.marketwatch.com)
- How Tesla Motors Inc (TSLA)’s Musk Just Made Ford Motor Company (F)’s CEO Jealous (insidermonkey.com)