Is Tesla Stock a buy?
Tesla is DELIVERING several models of electric cars today, that are award winning cars “that happen to be electric”.
They are totally vertical, making their own batteries, chassis, etc. And Tesla has a global network of charging stations that no one else has.
They are a “tech company that makes cars”, meaning their cars are sending real-world telemetry to their developers, for improvements and upgrades (They are years ahead of ALL the other automakers). This will be significant when Autonomous vehicles are on the road.
Their competition (BMW, Mercedes, Honda, Toyota, GM, and others) have been building mediocre electric vehicles for years. Mostly cheaply made cars, skimping on batteries to cut cost, no network of charging stations like the Tesla Superchargers, and “me too “ marketing. The closest EV coming to market (That can compete head-on with Tesla) MAY be here at the end of 2019. Maybe. Tesla has been in business over 10 years.
Isn’t it obvious — everyone is playing “catch-up”.
Tesla has the Model 3, X, and S on the market. with the roadster and the pickup truck coming soon. They also have a Semi in production, with hundreds of pre-orders.
Tesla Semi, hauling (What else — TESLA Automobiles!)
It will take at least ten years, in my opinion, for the current automakers to change their mindset, their production, and their commitment — before they can effectively compete with Tesla. All the while, Tesla will still be 10 years ahead of them.
I hold Tesla stock, and have a stake in Ford too. I consider Tesla a buy, and suggest you acquire your position on dips in the stock.