Yes, as long as Elon Musk is holding a large majority of shares in Tesla. EV is the future. With Tesla having huge demand and as their gross margin keeps increasing, market cap will keep increasing and so does Elon Musk wealthNo, if currently large majority of Elon Musk wealth is tied to Tesla and Tesla's market cap keep dropping during the bear market/recession. But this bear market is affecting majority of the companies in the stock market, so maybe Elon Musk could still be the richest even when everything is dropping[LOL]
$Tesla Motors(TSLA)$In the short term, the market is a voting machine. In the long term, the market is a weighing machine that reflects a company's market value based on the company's fundamentals.
$Tesla Motors(TSLA)$Buy Tesla[Like] Few companies with great fundamentals can hold up so strong(-0.3%) when the majority is going down more than 2% and many >-4%
A book that I keep going back to read is Mindset by Carol Dweck. This book is written based on the belief that your abilities can be developed through your effort, strategies and help from others. It just shows that you can keep getting better in things that you're not good in. The reason why I keep coming back to this book is because it offers a mindset that can be applied to many areas in my life such as work, relationships etc. It also shows you that with this mindset known as the Growth Mindset, whether you faced setbacks or failures, it offers you a path to rise from it versus a label. You learn from the failures/setbacks and use a better strategy that will allow you to succeed.I was able to apply this thinking especially when I was just starting out in my investment journey last
Big smash on earnings[Happy] [Like] despite losing almost 1 month of production in Q1 2022Number of cars produced/delivered in Q2 will probably be lesser or near the number in Q1 due to the recent lockdown in Shanghai and the foreseen possible lost of production for a few weeks again in Q2 due to covid situation[sick] 1.5 million cars produced this year may seem like a stretch especially with the lockdowns that will affect production in Shanghai where almost half of Tesla's cars are produced. Hopefully Q3 and Q4 will be strong [Bless] Just increased my conviction in Tesla especially with all the issues surrounding chip shortages, inflation which would have affected production but they are still able to have a record quarter. So proud of Elon and his team