re: Investing In Tesla

Look I was a gigantic tesla bear early on, the whole concept sounded novel and dumb. I spend a ton of time reading, all sorts of stuff investment related. I read a ton of bullish/bearish pieces but at the end of the day after all my reading I realized that the only reason big auto doesn't have a whole fleet of EV's ready to compete is bc simply they cannot. The shackles of the industry are dragging them down, and until they're able to dump off all these franchised car dealers they wont ever be able to compete.

Its funny that so many congressmen and senators own these big car dealerships and oddly enough thats why they're opposed to tesla's direct sales model bc it just wrecks their world.

Big auto has a big problem and its their current model which calls for $30M in dead money to sit around a dealership while tesla has 1 fully loaded model of each car at their dealers. Big auto relies on service to profit while tesla relies on sales of batteries to profit. Big auto can't figure out how to profit on batteries while keeping their dealers in place, its quite a conundrum but those lack of shackles is why tesla is going to dominate imo. They don't have to worry about all the problems big auto deals with.

It's definitely the most fascinating story of our lifetimes imo, will we as a society really shift away from the gas powered engine? If you look at it, the gas engine hasn't really improved much over the last 20 years, its been nominal improvements while big auto touts things like bluetooth and sound systems as their big upgrades. Tesla meanwhile started in 2007 and launched the model S in 2012 and 5 years later improved the battery so much that its the worlds fastest car now, who the hell saw that coming in 2012? Nobody

There's a monster tech battle coming and as an investor do you want your money on Elon Musk(Tesla) or Mary Barra(GM) or Mark Fields(Ford).....I think that question answers itself and its almost comical to think of a tech battle of musk vs barra even being a legit thing. Thats why I scratch my head when people want to go long ford or gm and call them undervalued and tesla overvalued. Mobileye just sold its trash software for $15B, Tesla dropped them to develop their own tesla vision software......Id venture that alone is worth way over the $15B mobileye got so when you see the market cap of tesla at $50B to me it still seems cheap while every pundit on tv rants about how wildly expensive it is vs a ford or gm.