Yes, yes, I know what you’re thinking “More Tesla?!?
I really like talking about Tesla on this website, and I published a bunch of blogs about them, but I wanted to express just how happy I am with their performance. Today’s blog will be short and sweet, I promise.
So, back in October 2018, Tesla was undervalued. Back then, a large portion of the investing community still hadn’t caught up on Tesla, and most people weren’t big believers in the stock. But I was. And today, I’ll show you what I did.
Hello everyone, I hope that you’re staying healthy and motivated. Before we dive into today’s blog, I want to take a quick second to thank you for the likes and comments and give a shoutout to my new subscribers. Creating so many blogs takes a lot of time and effort, and your fantastic support is what helps me keep going.
If you are new to my website and just randomly found this blog, I suggest checking out my previous Tesla content, “How Tesla Gained The Top Rank In The Car Industry?“, where I cover the pros and cons of the company. Also, don’t forget to hit that subscribe button for your daily dose of fresh investing content.
So this is how I made £6300 By Investing In Tesla:
Two years ago, during October of 2018, I bought just £815’s worth of Tesla stock in one of my accounts (SIPP ). And, while I do have a lot more Tesla stock in my other accounts, I wanted to keep things separate. So here, all I bought were just five shares for which I paid £160 apiece two years ago. In hindsight, I wish that I had bought more, because … yeah, we all know amazing Tesla is today. But hey, there’s no point in feeling sorry about what could have been.
So, two years ago, I was paying £160 per share. Today, Tesla is sitting at $415 (£320.59). after spiting 5 to 1 in Agust 2020
Just last Friday, Tesla reported that they’ve managed to deliver 139,300 vehicles for Q3 2020. They also produced 145,036. This breaks their quarterly record (from Q4 2019) for delivered vehicles by over 20,000. Just for the sake of comparison, for Q2 2020, Tesla delivered 90,650 vehicles.
And remember, they managed to do this DURING the pandemic. While other auto companies are having huge issues, Tesla just keeps winning. That’s what makes them so unique, and that’s why I’m such a big believer in them. There are very few companies out there that can even dream of doing this well in such conditions.
If that’s not exceptional growth, I don’t know what is.
Finally, during the latest annual stockholder meeting on Sept. 22, Elon Musk stated that he expects vehicle delivers to be between 30% and 40% higher than what they managed in 2019. And, with the second part of their Shanghai factory being just about finished, they’ll be able to produce up to 200,000 vehicles per year from there alone. I believe that some huge things are coming up for Tesla, and I’m sure that investing in their stock was the right call.
And, what do you think they’re doing with all that money they’re making? They’re putting it back in the business, that’s what.
Over these last couple of years, Tesla has been buying acquiring companies that specialize in manufacturing engineering and building machines for manufacturing. They’ve bought businesses like Hilbar Systems, Compass Automation, and, just recently, ATW Assembly & Test — a German battery assembly line manufacturer, that supplies BMW and Mercedes Benz.
That’s why I’m also not selling my Tesla shares. The price has gone up massively, but I keep holding and buying more because I believe in Elon Musk and the future of his company so strongly.
Remember — everybody has to start from somewhere even if you are a complete newbie even if you don’t have a lot of money to invest. The sooner you start saving and learning, the sooner you can become financially independent. Of course, you also need to find a good company — a business that you understand well and can bring you good returns.
For 2020, my choices are Tesla, Zoom, Facebook, Apple, NVidia, TTD, Sky Works, and a couple of others.
And we’ve reached the end for today. See? I told you it’s going to be a lot shorter than usual. I am very excited about Tesla, and I wanted to let you guys know that I’ve had a ton of success with this stock. Of course, there’s a lot more to talk about the company, because they keep making massive announcements and they keep growing. But, we’ll leave this for some of the next videos. You’re probably a bit bored of hearing about Tesla by now, especially if you missed out on the opportunity to get some undervalued stocks.
Before we wrap it up for today, allow me to do my quick plug about Trading212 — my favorite investing platform. Trading212 is essentially just like every other investment platform out there, but … better! They’re quick and straightforward to use. They’ve got much better diversity and, if you sign up with my link in the description, both you and I will get some free shares. In case you were wondering, that’s definitely the easiest way to support the blogs, and it’s completely free!
If you’re still reading, I want to give you a big thank-you for being with me here today. As always, if you have any questions, ideas, or experiences, feel free to drop them in the comments below. Before you go, please don’t forget to like this blog and consider sharing it with your friends and family if you’ve enjoyed my pro-Tesla rant.
Thank you all for reading, and until next time:
Stay green and motivated!
- Great investment day! (September 2020) — My very own minimalism Ebook
- 12 Stocks I Will Buy if Stock Market Crash 2 happens (2020) — My previous video on this subject (from four months ago)
Budgeting & Investing Articles:
- 6 Steps to Take When You are Broke in 2020 — How to avoid the trap of poverty
- How to Do Better and Succeed in the Stock Market? — How to get started with the stock market
- Personal Financial Rules — How to manage your personal finances better
- My approach to minimalism in 15 steps — Why I chose minimalism and how it helps my financial situation
- How to Live A Minimalist Life — My very own Minimalism EBook
Recommended for further reading:
- Money: The Top 100 Best Ways To Make And Manage Money — Ace McCloud
- The Millionaire Next Door — Thomas J Stanley
- Secrets Of The Millionaire Mind — Harv Eker
- Think and Grow Rich! — Napoleon Hill
- Money Master the Game: 7 Simple Steps to Financial Freedom