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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.
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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.
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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
Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future.
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Tags: #tesla #modelS #modelX #model3
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.