Quote:
Originally Posted by bcrdukes
I want to know what Hehe thinks of this news.
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Nothing much. When it comes to investment, I care about the long term.
And when you look at it, has Tesla's long term projection changed much? They might have pivoted away from making EV their central stage, but the general point of view didn't change regardless whether you see it from the latest Master Plan 4 or when I got into TSLA at Master Plan 2.
It's still pursuing sustainable energy in our method of transportation and general energy usage while moving ahead with general abundance with the introduction of Tesla bots, FSD... etc.
If I have learned anything these few years doing investment, it's about ignoring noises and check if the signal is still intact. It's to always focus solely on their pursuit. Because investing in long term means you are lending them time with your money for them to achieve what they want to do.
That's the same case when AMZN lost 1T in market cap. The same thing when NVDA dropped 20%+ within a day or 2. Again, same thing with the big drop TSMC suffered when Berkshire decided to exit their position. I just look at the fundamental reason why I invested in them, has that argument changed at all for worse? If not, I just leave my money there and even use these opportunities to add position.
Tesla is still the leader in EV. Wherever Tesla goes, the market shifts towards it. They aren't meant to stay the largest EV maker forever. But if you look at the grand scheme of things, it's more or less the only EV maker capable of turning any reasonable profit while all other players are losing money or barely making any in the case of BYD. Most Chinese makers derive the vast majority of its "profit" from government subsidies to build EV. If you discount that, none, even BYD makes any money at all.
So, I don't feel much. My position can have 6 figure swing in some major days. But I have grown to not feel distracted. Heck, I don't really even check my portfolio much anymore. I set a calendar for any major stuff and if any notification pops up, I might look at them. But other than that... it is what it is. Market will always swing.