Tesla Motors (TSLA) has been in the news a lot lately, and for good reason — the future has arrived. I live in the Bay Area, and it has become impossible for me to drive around town for a day without seeing a Model S on the road. Just like with what Apple (AAPL) was able to accomplish with the iphone and ipad, I really believe that the future of the automotive industry belongs to Tesla.
Check out this video below!
For the most part, people are skeptical to the idea of an all electric vehicle becoming mainstream. They cite range limitation, lack of charging stations, high price tag, etc. These concerns are all valid, but Tesla has a plan in place to address all these so called “limitations”. BlueStar (Gen III) will be more affordable, at around $30,000, battery technology will improve charge density over time, supercharger stations are being built all across the country, and the just unveiled battery swap feature will allow you to fill up faster than you could pump a full tank of gas! It always seems like Tesla is one step ahead of the critics. With Elon Musk leading the way, can this thing really fail? Does Tesla have too much momentum to be stopped?
I’m truly excited for the future. I’m also a huge fan of technology and revolutions. I like seeing industries disrupted by new players who bring in fresh ideas. This is how progress is made. This is how humanity moves forward.
I’m also an investor. And right now, TSLA at $125/share looks expensive! From almost any valuation stand point, it’s overpriced. But who really knows? We’re talking about a potential hyper-growth story here! Maybe like Apple, and Google before it. By no means am I encouraging anyone to go out and buy 1000 shares of Tesla immediately. However, I am keeping in my mind the endless possibilities that do exist for such a game changing company. This is a stock worth watching, for sure. I currently own 72 shares (bought back on the dip to $90 in June) after selling 260 shares back in May. Tesla is more than just a car company — it’s a technology company. And even though I swear by the strategy of dividend growth investing, that does not imply that I’m just going to close my eyes and let a potential revolution pass me by.
Disclosure: I am long on TSLA.
Just look at the sheer number of supercharger stations being built in 2013 alone:
Supercharger Stations (Currently Available):
Supercharger Stations (Available by the End of 2013):
The people have spoken… and they want Tesla to be able to sell direct to customers!
White House Petition:
Please share your thoughts!