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https://www.forbes.com/sites/jamesmorris/2020/07/11/teslas-shift-to-cobalt-free-batteries-is-its-most-important-move-yet/?sh=7993832f46b4
I test drove one, and the interior trim of the £100k car was like a typical £30k BMW
BMW and Merc, etc. have decades of manufacturing experience of car building. swapping engines and a fuel tank for batteries and electric motors should be a lot easier than learning to build a world class car manufacturing business.
As already pointed out, batteries may not be the endgame anyway, and as I've already said, Tesla are something like 5% of the battery market.
In what way are they "years ahead" of anyone else? Because they were making batteries first?
Various phone makers are years ahead of Apple for technical patents, but Apple seems to do rather well
Merc and BMW will continue to dominate I reckon
btw: although Teslas are fast, all the rich IT guys I know in Cali drive fast petrol European-made cars. Image matters a lot.
The institutional short sellers looking more and more like anachronisms as each day passes as the Millennials pile in. Forecast prices being revised upwards.
Less that 2 weeks to S&P500 inclusion day when $70BN is estimated to be bought/sold by the index funds to maintain profile.
A fascinating story. I personally think Tesla stock could go much, much higher yet., $1200, $1500+
the Robin Hood guys are all sat on stop losses
If I did invest in single stocks, I would pick Tesla, happily commit £20-30K. I would buy now, even at these prices and hold for at least 10 years, maybe top slicing annually or bi-annually along the way to enjoy the profits.
Amazon had a USP, I don't see that with Tesla
I have another high-risk recommendation for £20k that looks more likely to succeed, tell me if you are interested
are you ready to wait 25 years to retire?
Doesn't seem half as sharp and poised as he usually does
You seem to have a blinkered aversion to US stocks based on irrational fear.
It's highly unlikely that the erratic Federal monetary policies of the 1920/30s that lead to the 1929 stock sell off and subsequent depression will repeat in the US, highly unlikely. If and when current US “bubble” as you put it bursts stock prices will simply revert to the mean which over the longer term is healthy and steady gains. I don't expect any more than the long term average for my retirement planning.
It's my UK holdings that have underperformed this year (they are picking up now and I hope 2021 will be a good strong year for UK stocks) but being diversified with some high flying US stocks in the portfolio has balanced things out so my retirement plans remain on track. My biggest effort towards retirement at present is getting debt free and paying off the mortgage, I pile in with big salary sacrifice after that from 2022 onwards, that's when the investing sums ramp up big time.
I'm attacking the idea that people investing primarily in the US market (like your Canadian favourite guru) don't need to worry about dips and crashes because the market will recover quickly. It didn't in the US in 1929, and it didn't in Japan more recently.
Reverting to the mean in the US means a very big drop
Anyway - more importantly for you:
your salary sacrifice idea is good, I've done the same, but you need to read up on UK tax / pension law
If you increase your annual contribution by more than 10% a year, they classify it as money recycling (I think that's the term), and they will apply a 55% tax penalty on the contributions, I will try to find the detail for you later.
https://www.pensionsadvisoryservice.org.uk/about-pensions/saving-into-a-pension/pensions-and-tax/pension-lump-sum-recycling
talks about 30% of total tax free amount
https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm133830
for this reason, I calculated when my "safe" date to retire is after contributing heavily for the last 3-4 years
I suspect this won't catch you, but it's too risky to just assume that, so I'd have a look at this and call them for advice
If I was one of the "Teslanaires"...yes I would, I would sell today on the eve of Tesla joining the S&P500 index...that would have been retirement sorted!
"Brandon Smith does not own one of Tesla Inc.’s sleek electric cars. In the small town south of Milwaukee where he lives, even seeing one on the road is rare.
But in late June 2017, Smith poured $10,000 of savings into Tesla’s stock. He said it was the first time he’d ever invested in a company. That was just the start. Each paycheck, Smith, a video producer, would pay his bills and then buy additional shares with the rest.
“I don’t make six figures, and I don’t know anything about puts and options,” Smith, 32, said in a phone interview. “I’ve just bought and held the entire time. I’ve never sold a single share.”
Now Smith has joined the ranks of the “Teslanaires,” as some of the company’s investors call themselves, with a holding that he says has ballooned to over $1 million, fueled by a rally of nearly 684% this year as of Thursday’s close."
https://www.bloomberg.com/news/articles/2020-12-18/tesla-s-tsla-stock-price-an-army-of-millionaire-retail-traders-hold-on