As Tesla stock continues to increase in price - here is why I don’t regret selling, why patience is important when investing, and how slow and steady wins the race - enjoy! Add me on Instagram: GPStephan
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For me, it all began when I took delivery of a Tesla Model 3 in the beginning of 2019. Once I drove the car, I became such a fan of “Tesla” that I decided to throw some money in Tesla stock, at $260 per share, in hopes that maybe over time, it’ll help pay for the sales tax of the car. I’m not usually the type of person to go and invest in individual stocks like this, but - I figured - I’m a fan of the company, I want to support what they do, and I’ll just invest an amount that I’d be comfortable with losing.
Over time, though…the company does better, Model 3 sales look promising, Elon Musk cuts costs…and, in what seems like home-run after home-run for Tesla…the stock started going up, a LOT. And that brings us to this year.
Once the price of the stock jumped past $900 in a matter of a day - I felt it was approaching a level that just wasn’t sustainable, and driven more-so by the euphoria of profit, rather than the fundamentals of the company. And, even though I believe in Tesla Long Term…I had also tripled my money, and felt it would be a good idea lock in some profit. So, I sold off 50% of my Tesla holdings at $912 per share…and on that, I made a 350% return within a year.
I suppose, on the surface…Tesla has quite a few things going for it: One, several analysts have boosted their expectations for the stock - causing more demand, and more people piling in to buy in. Piper Sandler also just announced a Tesla Price Target of $928 - and Morgan Stanley raised its price target to $1200 - which was, at least partially, responsible for some of the recent rally to get Tesla where it is today.
Now, as far as my thoughts on all of this…even with prices reaching ABOVE where I sold half my Tesla stock a few weeks ago…I don’t regret selling. Sure, in hindsight…if I had a way to predict the future, of course…I’d absolutely have rather just waited, obviously. If we KNEW what was going to happen, selling at anything lower would’ve been stupid.
But, that brings us to the entire premise of investing in that - on a speculative stock increase like this - NO ONE can predict what’s going to happen, and we all need to make the most calculated decision we can, at the time, with the information we have available to us. Sometimes, you’re going to be right - and, sometimes, you’re going to be wrong - and I can confidently say that it’s IMPOSSIBLE to predict what’s going to happen in the future.
It’s about being SMART with your money, knowing your tolerance to price fluctuations, and being OK with locking in profits - or holding out - knowing you’ll need to be OK with that decision. And, for me…that’s why I decided to sell 50% of my holdings, and then hang on to the rest.
So, anyway…there are my thoughts on Tesla, the basics and fundamentals of investing long term, and the importance of being patient and knowing your own risk tolerance to sell and lock in profits, and not get carried away with emotion. And, like I said in the last video about this…we’ll look back and see how this all plays out.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
NEW: JOIN THE WEEKLY MENTORSHIP - https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For me, it all began when I took delivery of a Tesla Model 3 in the beginning of 2019. Once I drove the car, I became such a fan of “Tesla” that I decided to throw some money in Tesla stock, at $260 per share, in hopes that maybe over time, it’ll help pay for the sales tax of the car. I’m not usually the type of person to go and invest in individual stocks like this, but - I figured - I’m a fan of the company, I want to support what they do, and I’ll just invest an amount that I’d be comfortable with losing.
Over time, though…the company does better, Model 3 sales look promising, Elon Musk cuts costs…and, in what seems like home-run after home-run for Tesla…the stock started going up, a LOT. And that brings us to this year.
Once the price of the stock jumped past $900 in a matter of a day - I felt it was approaching a level that just wasn’t sustainable, and driven more-so by the euphoria of profit, rather than the fundamentals of the company. And, even though I believe in Tesla Long Term…I had also tripled my money, and felt it would be a good idea lock in some profit. So, I sold off 50% of my Tesla holdings at $912 per share…and on that, I made a 350% return within a year.
I suppose, on the surface…Tesla has quite a few things going for it: One, several analysts have boosted their expectations for the stock - causing more demand, and more people piling in to buy in. Piper Sandler also just announced a Tesla Price Target of $928 - and Morgan Stanley raised its price target to $1200 - which was, at least partially, responsible for some of the recent rally to get Tesla where it is today.
Now, as far as my thoughts on all of this…even with prices reaching ABOVE where I sold half my Tesla stock a few weeks ago…I don’t regret selling. Sure, in hindsight…if I had a way to predict the future, of course…I’d absolutely have rather just waited, obviously. If we KNEW what was going to happen, selling at anything lower would’ve been stupid.
But, that brings us to the entire premise of investing in that - on a speculative stock increase like this - NO ONE can predict what’s going to happen, and we all need to make the most calculated decision we can, at the time, with the information we have available to us. Sometimes, you’re going to be right - and, sometimes, you’re going to be wrong - and I can confidently say that it’s IMPOSSIBLE to predict what’s going to happen in the future.
It’s about being SMART with your money, knowing your tolerance to price fluctuations, and being OK with locking in profits - or holding out - knowing you’ll need to be OK with that decision. And, for me…that’s why I decided to sell 50% of my holdings, and then hang on to the rest.
So, anyway…there are my thoughts on Tesla, the basics and fundamentals of investing long term, and the importance of being patient and knowing your own risk tolerance to sell and lock in profits, and not get carried away with emotion. And, like I said in the last video about this…we’ll look back and see how this all plays out.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Do you regret it now? It's way more higher.
February 16, 2021 I'm watching these again. Very educational. If you take the hindsight premise that Graham should've held on to his Tesla shares, or bought more, then where did he go wrong? And of course he didn't go wrong, he just did what he did making a nice profit. Well now it's a year later and Tesla is at $800, roughly 4.5x – 5x the numbers he's talking about here (pre 5:1 split). So 3 x half = 1.5 his initial investment and then 4.5x that; he's still up 6.7x his initial investment. (my math might not be correct but the point remains, Graham is still doing better than anyone who didn't buy any Tesla stock.)
In his three videos on Tesla from early 2020, almost everything he says is still true for Tesla.
Here's where I think Graham went wrong: Stocks are basically two things. They're pieces of paper (or were) and look just like all the other pieces of paper, but they're also a company and these are very different from each other. I think Graham could dig deeper into what Tesla is actually doing, has done, promises to do.
I can never talk about Tesla without mentioning Sandy Munro. Munro Engineering takes cars apart, figuring how they work, how they're made and then suggesting how they can be made better to work better, and how manufacturers can save money. Munro is in his own words, "over the moon about Tesla." He's been an automotive engineer for at least 40 years and he's never seen a company like Tesla. When he worked as an engineer at Ford he says he couldn't change one thing in an entire year. With Tesla suggestions he's casually made started turning up in Model 3s within weeks. Consider now that Tesla makes the safest most reliable cars ever made, no one else is even close – yet they continue to advance and improve the vehicles as fast as they can. To me that's an incredible competitive advantage.
So that's my two cents (aka opinion)
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800 split!👍
I will comeback every quarterly report! Gladly im still holding my tesla for next 5 years😁
How do you feel now?
How's that regret thing going these days. Elon made those red short shorts for guys like you
It's not absolutely impossible to predict what's going to happen in the future
Are you still so sure about that now though? 😉
This did not age well.
Hahaha…hahahaha. You completely regret it now I bet. Cope harder.
Well wonder if there's any regret now… lol
Who's laughing now 2k+ 😂
You don’t regret it perhaps bc you have money enough not to. Anybody else would definitely have regret selling a lot of shares at $900 when now it’s at 2k.
Look at the stock now 😳
This didn’t age well
just goes to show not to listen to you..
🤦🏻♂️
Who's watching this when tesla stock is 1600$ right now
And here we are….. $1540…..
Comment how much Tesla is worth In your time, now it's worth 1568.36
About that you regret it now
I see what you're saying, but one should invest in a company they believe in. A company that delivers good products and has good management. Glad that you're happy and okay with selling, but I wonder why you bought it in the first place.
Jajajaja You don't regret selling Tesla stocks Jaja You are a great investor XD
Seriously, do you regret now?
Do you regret selling your tesla stock now?
Bet you regret selling now…
1500 rn lmao buy and hold.
now its 1544…lol
July 2020. Tesla share price is 1,400 dollars.
tesla today 7-05-2020 1,208.66
I wonder if he bought more in march?
I feel sorry for you