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TSLA - Tesla Motors Inc (NASDAQ)

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I didn’t miss the rise, it nearly tripled after I bought it and I sold 50% within a few dollars of the peak I think equal to about $500 per share, then I sold the last batch at around $190 so I missed the recent rise, but my real mistake was not selling at $500.

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But as I said I put the cash into Berkshire, which is also up since then, (not that short term movements count for anything when my Berkshire holding is a life time holding)
 
Chipp said:
I have a motto " Dont fall in love with any position " . Serves me well . Ive bought TSLA and ive shorted TSLA , Musk is not the messiah . Enough said
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I am pretty much in love with my Berkshire holding. But when a company continually grows is asset base, while growing its cash pile, while also reducing its shares outstanding, for decades what is not to love .


 

Anyone selling between May and June would have lost about $70 - $100 per share, ouch.
 
Trump pledges to kill EV subsidies, block Chinese cars if he wins US election

Former US President Donald Trump says if he wins the election in November, he plans to end electric vehicle (EV) incentives in the US.​

That will hurt the established vehicle manufacturers, a lot. There is no US or European auto manufacturer building a profitable EV at the moment, the Chinese are but they are going to be hit with a huge tariff.

US consumers will start buying more ICEV, but EVs are already established. The manufacturer with the cheapest and most reliable EV will thrive.

Tesla is the only EV manufacturer building profitable models in the US, at competitive prices and they have a cheaper model coming very soon.
 
I dont want to shatter any love affair so i will refrain on commenting much but old wazzas best days are behind him , he does ok dont get me wrong but has barely beat SPX total return since GFC . He has a heap of cash he churns through treasury bills getting 5% + atm and thats a great thing keeping powder dry for when bargains occur in the blood in the streets times . And this is when he will shine no doubt , he stayed out of tech for way too long imo
 
Berkshire has beaten the SP500 by about 3.5% per year since the GFC, and that’s while accumulating a huge amount of cash that was only earning 0.5% for the bulk of that time, that’s a pretty decent return.

But Yep, Warren is getting older, and Greg is running the place more and more. But it’s the organic returns produced by their exisiting portfolio, and their share holder friendly management style that puts them in front of Tesla in my opinion.

Even if Berkshire do nothing more in the future except

1, collect the profits from their existing 100% owned businesses,

2, collected dividends from their listed companies while those same companies continued repurchasing shares

3, continued putting as much of that cash collection into repurchasing Berkshire shares consistently

They will be a great place to store and grow capital, and if there is a big crash and Warren or Greg get to deploy a bunch of that cash pile they will be amazing returns, and all the returns will flow through to share holders, not greedy managers.
 
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It was $350 I sold the bulk of my holding for factoring in the stock split, (I said about $500 because I thought it was a 2 for 1 split, but just remembered it was a 3 for 1)
 
Value Collector said:
Berkshire has beaten the SP500 by about 3.5% per year since the GFC, and that’s while accumulating a huge amount of cash that was only earning 0.5% for the bulk of that time, that’s a pretty decent return
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This is not really the thread for this but since the GFC low


 
tesla shares fell overnight after its earnings were released.
From that bastion of financial reporting The Guardian
Just goes to prove that old financial 101 saying that if you reduce your sales prices without a comparable reduction in input costs, you lose out on the bottom line.
Mick
 
Eventually the balance sheet matters
 

Yep, only down from here. As the experts keep telling us, time to sell.

 
Chipp said:
This is not really the thread for this but since the GFC low


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that’s not a good way to look at it, Because the SP500 had dropped over 50% to hit that low, where as Berkshire didn’t drop anywhere near that level.

(Also given that Berkshire holds nearly a third of its market value in Bonds in recent years comparing it to an all equities index is not quite the same, and that gives it a big advantage in the next down turn)

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But my main point is simply as I explained Berkshire is a very shareholder friendly compounding machine, it generates strong cash flows, and will use these to buy back shares increasing my ownership interest in the firm, and buy businesses growing the firm.

So in short Berkshire will grow over time, while my stake in it will grow, and there be times when it will rapidly turn its cash into growth.
 
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