Why 80% of my portfolio is Tesla
So I checked my trading accounts, and 80% of my portfolio (by value) - not including Google (because I work there) or RRSPs - is TSLA.
Some might think that I'm too heavily weighted on one company, I disagree.
Why? Because everyone I know wants to work for Tesla or SpaceX. Not, Amazon, Facebook or Apple.
Why? Because Tesla is making a huge difference. Their mission statement is:
"Accelerating the world's transition to sustainable energy"
And they are accomplishing it!
Also, Tesla is getting things done! They are coming out with new cars, factories, solar roofs, and batteries faster than anyone could have predicted.
The pace is exciting. The impact you can make, not to your own wealth, but to the whole world is enormous.
If you are smart and capable, do you really want to work at a startup, where maybe, just maybe, you might make a small difference (and make some money) - or work for Tesla where even if you were a minor cog in the wheel you would make a big difference to the world, to the future (and would get TSLA shares).
Sure Elon Musk is a genius, values engineers (vs MBAs, marketing execs) and is pursuing world changing goals. Yet that is not the main reason I'm long on TSLA. I'm long on TSLA because of all the smart and motivated employees he has garnered.
If you think Tesla is just a car company, you are mistaken.
If you think Tesla is just a battery company, you are also mistaken.
If you think Tesla is just an energy company, you are also mistaken.
Tesla is all of these things and will be more. It'll make heat pumps/air conditioners, it will make airplanes, semi trucks, pickup trucks, vans, and boats.
The smart people at Tesla will find a hundred other important ways to accelerate the advent of sustainable energy.
Elon jokes that if takes on any more tasks (like VTOL aircraft) his head is going to explode. But he know that what he has created is greater than himself. His employees truly want to make a difference, they don't care about the money. Eventually, they will "demand" to work on new important tasks like energy efficient buildings.
What makes Elon (and therefore Tesla/SpaceX//Boring Co.) so great is desire to go big (not safe). To value engineers (not MBAs) - to do things, not push numbers around on a spreadsheet. This is what is attractive to people like me: working on something important, that's moving fast, that values my contribution, that's gong to change the world.
I'm not invested 80% on Elon or Tesla. I'm invested on the vision and more importantly, the people - the people that Elon Musk attracted to Tesla. Together Tesla is going to be the largest company, by far, in the world. Sure larger than the other car companies: Toyota, VW, Daimler, Ford, Honda, Fiat - combined. But also larger than Walmart, Apple, Alphabet, Facebook - by far.