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Tesla Bears Just Don’t Get It!

Tesla Bears Just Don’t Get It!

Congrats to all the nay-sayer who said Elon Musk and Tesla would fail and never be able to produce the Model 3 in volume. For one quarter they have nailed it. Even more prominent congrats to the people who would like to continue to focus on how the Chevy Bolt continues to perform so well, with its tremendous 23,297 in total deliveries in the year 2017. Wow.

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Crushing It

Here is the thing that none of the naysayers want to acknowledge. Tesla’s total sales for Model S and X grew in 2017 by 33 percent to 101,312. Meanwhile, Audi A8 sales were down by nearly 25 percent in 2017 to a total of only 3,127, and BMW 7 Series declined by 28 percent to 9,276 units.

So while the naysayers can focus on the light Model 3 “estimates”, lets focus on the reality that Model S and X sales continue to be strong in a very bad luxury auto market. One that has been now been bad all-year. Let’s focus on the fact, that Tesla is beating Audi and BMW and all the other luxury automakers in sales.

Investing For The Long Game

Investors don’t invest in a company for a month or quarter; they invest in a company for years. As a long-term investor in Tesla, the only thing I care about is that the company is growing and making progress and continuing to push forward. This fixation the street and so-called investors have with Tesla missing delivery estimates by one or two units is the only thing that is old.

The market speaks louder than the biggest pundits, and the market has made it incredibly clear what it think Tesla should or shouldn’t be worth.

Taking Market Share

To be honest, I was excited to see the Tesla results today because they continue to confirm my belief that Tesla is taking market share from other Automakers. The idea that competition for Tesla will be picking up is the dumbest thing I have ever heard. The competition Tesla now faces is more intense than it will be in the future. A car is a car, whether it uses gasoline or electricity. It is a mode of transportation, and consumers buy cars because they like the way they look, the way the accelerate, the way they handle, and the way it makes them feel.

Period.

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Michael Kramer and the Clients of Mott Capital own shares of TSLA

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Tags: #tesla #modelS #modelX #model3