Why I Don’t Regret Selling Tesla

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

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