
Hilarious that so many here think we are rooting for $Tesla(TSLA.US) stock to fall further. We own TSLA in our portfolio, and post both positive and negative views on TSLA daily. We have trimmed our $Tesla(TSLA.US) position significantly since late-2022 given concerns about negative pricing, that a more affordable vehicle might not expand TSLA TAM, perceived brand taint, and our perception that a handful of auto mnfrs will achieve unsupervised autonomy — all concerns that have proven accurate and contributed to TSLA’s significant underperformance vs NDX the past three years (TSLA +5% vs NDX +63%). We continue to root for TSLA to outperform, or we wouldn’t own the stock at all.
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