Investment Review day 32 of 50: Tesla $TSLA
Tesla is a leader in the electric vehicle industry. While the company is known primarily for its cars (and Cybertruck!), its energy storage business has significant future potential. Autonomous driving, trucking, and robots (Optimus) provide valuable optionality.
Tesla is an example of a stock that I’ve been rather active in. My initial purchases in 2013, 2014 & 2016 didn’t do much for about five years, but suddenly caught fire in 2020, compounding rapidly, and growing to a double-digit allocation within my investment portfolio.
I trimmed 4 times on the way up keeping to a sub-10% exposure, matching my conviction level. Sure, it would have been better to just let it run, but there was no way of knowing when the market would turn, and let’s be honest, that final sale in Nov 2021 was pretty on the money!
I began accumulating again with a purchase last May that’s proven volatile, but is still just about in the black. Tesla is a far more mature business today, and some of that optionality is close to being realised.
Overall Tesla has provided me with a 500% return. Those 3 initial purchases would have grown to 17x if never sold, but you can’t put a price on sleeping easy at night. The mental game is the toughest element of portfolio management, I manage my exposure to help me manage my emotions.
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I’m putting my holdings under the microscope. Over the next 50 days I’ll break down my whole investment portfolio. Wins, losses, and the ‘why’ behind it all. And on day 50 I’m going to share my full portfolio so you can see how my strategies played out in the real world over the last twenty years and what we can all learn together. Follow along for the journey! #StockAnalysis #50daychallenge #autonomousdriving #FSD #Optimus #robots #cybertruck
