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I sunk about 70k into $TSLA in 2020. Sold the brokerage shares to pay off my mortgage and buy a Model X for my family. The stock also grew my kids’ UTMA accounts to pay for about half of college, or perhaps large down payment on their future home.
There were a lot Tesla of haters back in 2020. There are probably more now. But whatever your opinion may be, that company has changed the world for the better. Accelerated the transition to electric transport: just like they said they’d do. I’m excited for the second generation to succeed: Rivian, BYD, and other companies who’re serious about it.
Best financial move I ever made? Latch on to a company that has purpose and a great product, then cash out for the things that matter. I just wish I’d had capital back when Apple launched the iPhone!
(P.S. to all the haters who’re gonna come at me with downvotes: I have more dollars than the number of downvotes you’ll ever be able to dish out! So come at me brah.)
Getting lucky isn't a viable plan. Tesla has never been a sound investment. Also, if you wanted to gamble, Bitcoin would have been better. Tesla's like the worst of both worlds.