Tesla [TSLA] Was The Best Performing Auto Stock In The 2010s
Credit to Author: Johnna Crider| Date: Fri, 03 Jan 2020 19:58:08 +0000
Published on January 3rd, 2020 | by Johnna Crider
January 3rd, 2020 by Johnna Crider
And 2020 is starting out even better.
A new article by Bloomberg indicates Tesla was the best performing auto stock of the decade. Tesla had its IPO in 2010. What were you doing ten years ago? In 2010, I was living in Atlanta and preparing to be there for my mother when she had open-heart surgery. I had a hard road ahead of me–one that led me to where I am now. I knew nothing about Tesla, stocks, hadn’t even gotten married yet, and had just started wire wrapping. I wish someone would have gone back in time to tell me to invest in Tesla. Perhaps I would have avoided some of those hardships — or perhaps not.
Alas, here I am today, holding onto my few shares I bought last year when several folks on Twitter who label themselves with TSLAQ mocked and said, “thank you for the money,” while insinuating that I was dumb. I had faith, and it’s paying off — not just for me, but for other investors who believed in Tesla. In 2010, when Tesla went public, people laughed and shook their heads in disbelief. Yet, here we are, 10 years later looking at the amazing accomplishments of Tesla.
One accomplishment that is not mentioned in the article is something so huge that people forget Tesla has done this — maybe due to the pizazz of the Cybertruck unveiling. Tesla worked out a deal with China, despite our country being in a trade war with China. Tesla became the only foreign company in China allowed to fully own its factory. This is a really big deal. It shows that despite trade issues between China and the US, China believes in Elon Musk and wants to be a significant part of its long-term story and success.
Another accomplishment that Tesla achieved is that it outperformed every automaker on the planet. As the article states, it is “the undisputed champion of total return, sales growth, and long-term shareholder value.”
The Model 3 outsold every vehicle from Germany or anywhere else in the US luxury market, demonstrating that not only do consumers want electric vehicles, but they want a single Tesla model more than any other luxury auto (car or SUV).
Today, Tesla has an $80 billion valuation — just behind that of Volkswagen ($98 billion). Other notes from the article regarding Tesla’s stock, slightly updated for changes in recent days, are:
Major Tesla short sellers continued to be bearish on TSLA at the end of 2019. I believe they will continue to be proven wrong as Tesla continues to soar and reshape the auto industry. I also believe that people shorting Tesla stock are doing so blindly and that they fundamentally misunderstand Tesla, thinking it is an automaker that is into fraud. Perhaps over the next decade as Tesla continues to soar, they will change their thoughts on this. I, for one, will definitely buy more stock in Tesla. (Note: This is not investment advice. We do not provide investment advice.)
Follow CleanTechnica on Google News.
It will make you happy & help you live in peace for the rest of your life.
Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.” Tesla is one of many good things to believe in. You can find Johnna on Twitter