Why?
As many of you might know I am quite a fan of this innovative company since years and also a shareholder of Tesla. My position is not huge but has grown nicely in the past two years. Now that the stock is approaching ATH territory and his highly valued again I decided to sell one third of my position. This has two reasons:
(1) I don’t believe that the stock can rise much more midterm, a lot of recovery is priced in meanwhile. P/E ratio of 100 is not cheap, even for a growth stock like this one.
(2) The profit can be booked against losses I made with some other investments and is tax free because of that.
My profit is about +100% within two years, for me a very good return. In addition I have some more cash aside to invest if the market will show weakness. As I said before I expect a bigger correction within the next 12-18 months.
Hodling the rest
The rest of my position will stay and I am hodling that long term. Although midterm outlook is rather flat I still believe that longer term, over the next couple of years, there‘s great things in the pipeline. Optimus Bot, FSD Robotaxis etc.
Are you following Tesla? How do you judge the midterm future?
Nice, das ist ein cooler Gewinn :)
Hab mich auch gefreut heute 😇
I am a shareholder of TESLA as well, I also planning to sell some (perhaps 1/3) as well beginning next year, depending on the start of the new Trump (elon) administration.
🤝🏻 yeah January might become a buy the rumor, sell the news event (Trump inauguration).