It Is Not Too Late To Buy Tesla Shares. President -Elect, Joe Biden, Is Likely To Provide More Incentives For Electric Vehicle. Biden Is An "Environmental Activist".
Seeking Alpha Analyst Since 2013
PghFundManagement. The writer enjoys reading and following financial news. The writer is a family man and a mid-level professional who invests his own money.
Summary
- Tesla is now the most valuable car manufacturer in the world.
- Tesla is the friendliest car manufacturer to the environment.
- More Federal Incentives likely to come Under Biden administration.
- Other alternative to Tesla.
Is it not too late to buy Tesla shares (TSLA). President elect, Joe Biden, is likely to provide more incentives to Electric Vehicle (EV) manufacturers. President-Elect is an "environmental activist" in that he has been talking about saving our environment ever since he started his presidential journey nearly two years ago.
TSLA is now the most valuable car manufacturer in the world, with a market cap in the north of 800 billion, larger than Facebook Inc. Just today alone (1/8/2021) TSLA jumped more than 4.9%+ when I last checked. Yes, It can be characterized as a bubble, but even in the bubble some lucky people will always come out on top. Last year I bought 10 shares of TSLA and I was never able to add any more shares, even during the pull back. Truth is, I wish I had bought more! Now I cannot bring myself to buy more, yet those 10 shares of TSLA have returned more than any of other holdings in my portfolio.
TSLA is the friendliest car manufacturer to the environment. If anyone has read an article by Cathie Wood, CEO of ARK ETFs... she does not really dive into fundamentals or any analytical methods most Hedge Funds use. Cathie Wood looks at the future of the current trends. TSLA fits well with the current trends, as with environment, style-status symble, young generation or just hip/zip-code. If you have not read about Cathie Wood and her ETFs- (ARKK) (ARKQ) (ARKF) (ARKG) & (ARKW), please do, you may like what you read. Elon Musk is a genius, he will keep inventing TSLA.
Federal Incentives is likely to come under Biden administration. Biden has talked for and about environmental issues since he began running for president, about two years go. One of the greatest methods the president can use to make his environmental dreams come true is to pour billions of dollars into auto industry, by giving incentives to the buyers of Electric Cars. Here Tesla is likely to be the largest beneficially, in my opinion. TSLA shareholders would likely benefit greatly as well.
There are other EV companies you can look at, if you are thinking of TSLA as being in a bubble. And if you do think TSLA as in a bubble, I don't blame you, many writers on SA are writing about that. These are some of the EV companies or related companies: are (BLNK) (AYRO) (NIU) (NIO) (WKHS) (RIDE)
Tesla Truck is still in development. Can you imagine how the world will react when the TESLA Semi comes out? Tesla Semi is the Commercial Truck Elon Musk promised in 2017. Although this truck has delayed, eventually it will come out. Musk went to the moon, can he fail do develop an EV TRUCK?
Analyst's Disclosure: I am/we are long NIO, TSLA.
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