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Well guys i’ve been loading up on tesla stock very recently all right there are three things i want to accomplish in today’s video okay the first one is how much have i bought worth of tesla stock in the past 24 hours i’m gonna actually show you some screenshots on three different accounts i bought tesla stock in in the past 24 hours okay number two thing i want to
Accomplish in today’s video is i want to give you the three reasons why i am buying a lot of tesla stock right now specifically and not waiting for a few months down the road or something like that i want to share exactly why i’m buying these shares right now okay number three thing i want to accomplish in today’s video is i’m basically answer am i gonna be buying
Any more tesla stock or am i done buying tesla stock it now at this point in time okay now there are four different accounts i own tesla stock in so if this video hits 2999 thumbs up or more i will do a video next week where basically i show you all four accounts i owned tesla shares in and exactly my cost basis this guy so as always hope you enjoyed today’s video
Let’s start getting into it all right so in just in the past 24 hours in three different accounts i bought tesla shares okay the first one here i bought 20 tesla shares these ones i got at a price of 218 dollars and 75 cents and this was literally just yesterday i bought these particular shares it’s in a margin account but i’m not buying them on margin it just takes
At least i think it’s three days three business days for the money to clear and the money hadn’t cleared so it’s on margin for three days and then it’ll go off when some money clears but i bought four thousand three hundred and seventy nine dollars and ninety six cents worth of shares in this particular account here okay so that’s a pretty big move there in another
Account today i went ahead and bought some more tesla shares okay in this particular account i bought nine shares worth at two hundred and sixteen dollars in fifty eight cents there this one was just under a two thousand dollar moved there in that particular account that account we didn’t have many tufts of shares in and then also in my 401k account a retirement
Account whatever you want to call it i went ahead and i had some extra money laying around that one so i went ahead and bought eight shares in that particular account at 200 and $16.75 there that was a 1730 9.2 cent move there so needless to say that’s a pretty decent amount of money we’ve stuffed into tesla stock here with didn’t just the past 24 hours okay let’s
Get into number two now what are the three reasons why i’m buying so much tesla stock literally right now okay the first one is i want to talk about the stock price of tesla for a minute here okay what i did basically pulled up here is a five-year chart for tesla stock and if you notice the stock price of tesla was literally higher back in 2014 than it is today
First off how ridiculous is that like thing about tesla many many years ago it was nothing more than just hype and like hope that things could work out for tesla in the future okay whereas nowadays you look at tesla’s business model and you know they’re gonna probably do somewhere between 25 and 30 billion dollars worth of revenues this year they’ll probably do
Well over 30 billion dollars worth of revenues next year and they’re actually like a massive massive company now at this point in time so to have a stock price it’s actually technically lower than it was you know years and years ago like just first off that’s ridiculous okay but the second off like like when you look at a stock price like that it can low you to
Sleep it can be like oh it’s a sleepy stock i have all the time in the world to buy the stock it hasn’t really done anything for years and this is the mindset some investors can come across when they see a stock that hasn’t moved in years because sometimes there’s like a stock that’s moving up and moving up and moving up and people are running in those chairs to
Buy them as soon as possible because they’re like oh my gosh the stock just keeps going up and up and up and it gets i need to get my position built oh my gosh i got to buy shares and that could you know makes the stock go up more and more and more but when you have a stock that hasn’t moved and i really hasn’t done much in years sometimes it loans people to sleep
And even if that stock is a great value and even if that stock has tremendous growth in front of it and maybe it’s undervalued a lot of people will say you know what i’ll just wait another few weeks i’ll just wait a few more months it’s no reason for me to put any money in the stock now because look it hasn’t done anything in years okay let me show you some other
Examples of stocks that have lolled people of sleep okay we go look at amazon stock he was on stock in 2003 you could have bought the talk for about fifty four bucks a share okay 2003 you go five years into the future and you could have gotten stock even cheaper fifty one dollars a share and so amazon was definitely a stock that was lolling people to sleep for many
Many years okay i’m not saying tesla’s the next amazon or something like that but if you look at some of these great you know goliath big tech companies sometimes they just get you know flat-out overvalued and if we go back to you know tesla back in 2014 in my opinion that was a company that was severely overvalued i looked into tesla way back then and i looked at
This company i was like for what they were doing at that time it was way overvalued stock and that happens sometimes with these stocks they get way overvalued and then they actually start doing everything they were supposed to do and then the stock becomes actually undervalued at some of these situations like what but amazon stock was absolutely a stock that lolled
People to sleep because it did nothing it did absolutely nothing for years and years and years and then from 2008 it’s a $50 stock 2019 you know it was almost $2,000 a share okay so it was a little bit of a difference there netflix another stock that had lolled people asleep so 2011 you could get this stock for 37 bucks a share you fast-forward you know all the
Way to 2014 this was a 46 dollar stock so the stock literally had done hardly anything in years and years and years and keep in mind 2011 in 2014 was actually a time when the stock market was doing very very well in tons of stocks were going up a lot would you had this netflix stock like hardly doing anything by the way that time was basically you know netflix was
Switching from dvd model to streaming a lot of people were scared of netflix talk at that particular time but you didn’t say that stock hardly did anything for years and years and years while the stock market was going crazy okay next one up here is nvidia this what’s really crazy you want to talk about a stock that really lolled people to sleep look at nvidia 2006
2006 this was a stock that you can buy for basically 24 dollars a share 24 25 bucks a share in 2006 you fast forward a decade and it was 31 dollars a share nvidia stock literally almost did nothing for an entire decade okay sometimes it just happens with some of these stocks you look at a stock like amd 2010 you pay 18 plus dollars for this stock okay and 2015 you
Could buy a stock for two okay by the way amd’s $30 now so needless to say when i kind of look at something like tesla stock price i’m looking at stock that in my opinion is just way too undervalued it was in a stage you know many years ago where it was way too much hype and hope in the stock and the stock was massively overvalued and now when i look at the stock
I believe it’s you know they proven so much already and they have so much going for them in the future i believed tesla stocks very undervalued now and when i look at this stock i say this is a stock that is lolling people asleep just because it hasn’t done anything in years people assume it won’t do anything anytime soon and what ends up happening to some of these
Stocks eventually the momentum gets behind them and they get to a place of no return and they take off you know look at an amazon stock right eventually that stock you know reach the place of no return you look at nvidia you look at amd you look at a lot of these different stocks that you know great tech companies netflix you know eventually they get to a place
Where wall street catches up with what’s going on with the company and they reach a place of no return i believe tests the stock that will eventually happen with i don’t know if that’s gonna happen in three months from now six months from now a year from now two years from now i do not know when but what i do know is i believed tesla stock is massively undervalued
I believe it’s going to be a massive growth company into future years and i believe this will be a company that makes huge profits in the future that just aren’t right now okay so that’s reason number one okay over the three now let’s get into reason number two why i’m buying the stock heavy right now and that is because the shanghaiing gigafactory is getting ready
To open here within the next few months all right tesla’s first made-in-china model three to be showcased tomorrow all right so that is pretty exciting look at these picture here of the inside of the giga factory in shanghai it is amazing how fast this thing has gone up okay now first off there’s still a lot of work to be done with the giga factory over there in
Shanghai okay they got a lot of work it should get into some type of decent production probably within the next three months but they’re still gonna have a lot of work going on in that factory for at least probably the next six months okay so just keep that in mind like you see some of these pictures coming out and whatnot there’s still a lot to be done there over
The coming months okay but neither say i’m really really excited about that giga factory i think that’s a game changer for tesla in how many vehicles they’re gonna be able to sell into the chinese market the chinese market could potentially be the largest market for tesla if you’re looking out three years from now five years from now it could literally be the largest
Individual market for tesla and so if i’m thinking about this i’m like this giga factory is opening in the next few months what if the stock goes crazy ones that giga factory opens up and they start putting up some huge numbers out of china in those cars are actually much more profitable than the ones they’re selling into north america who knows if that would be
The case but i’m like okay i believe the stocks really undervalued here it’s lowing people to sleep they think it’s just gonna be like this forever shanghai gig is gonna open soon or i need to get this position built out as fast as possible okay and get it finished off okay that’s reason number two giga factories in china is gonna be opening very very soon and the
Reason number three has to do with model y so you have obviously the excitement around shanghai giga factory coming here at the end of 2019 but then in 2020 model y will start being produced and model y has a chance to be the biggest game-changing vehicle since model 3 if not you know a better seller then actually model 3 when you think about you know some people
Might want to model 3 but maybe they want a little more space which by the way i will say you know i actually own a model 3 and i will say it’s actually one of the most spacious cars for being not like a huge car that i’ve ever been in in my life like i can i’m 63 and i can even sit in the backseat and like my head’s not going through the roof there’s very few cars
Where i can sit in the back seat of that car and my head’s not like in the roof or something like that so i will say you know that’s pretty amazing about model 3 but model y a lot of people are looking to that as like that family vehicle and get people around and maybe like that model 3 they just look at that and they’re like that it’s just not enough space i want
Something with even a little more headroom maybe a little more legroom so look at something like a model y and that really gets a lot of people excited so that one might have a better chance of selling really well so if i’m looking to all that excitement coming around this stock over the next year or so i’m saying okay we got a stock that’s lolling people to sleep
We got a company that’s now well financed with billions and billions of dollars in that balance sheet that’s in a great position to get the model y lines built out and start going two great production of model three in china and i’m looking at all this and i’m saying you know this is a stock that you know hasn’t moved in years and it’s you know cheaper price and
You could have got a years ago and i’m looking at all the unreal things they’re doing and i think wall street has just got lost in tough so they’ve just gotten lost in the negativity or not want to be part of the stock and the more and more i look at it the more and more i’m like dude this is you know this is one of the few companies in the world that has a chance
To 5 and 10x their business over the next five to ten years there are very few companies that you can realistically say that company has a chance to 5x or 10x or revenues and become a massively profitable company over the next you know five or ten years there’s very few stocks out there tell us is one of those few cases that you can literally look at it me like
Dude i can see how they could literally grow their business 5x or 10x over the next five 10 years very few companies like that so when i look at this stock at a 38 billion dollar market cap or whatever it has under 40 billion i’m looking at the stock and i’m like you know we got to finish getting this position built out as far as will i be buying some more shares
I will be buying a little more shares not a lot of shares i think i have maybe ten more shares to add or something like that so you know just a few more shares i’ll be adding of the stock and then it’ll be fully built out and i’ll just you know it’ll just be a hold for me and we’ll see where this goes over the coming years i think we have a great chance to make a
Ton of money in the stock over time we’ll see what happens at the end of the day guys but anyways smashes thumbs up if you enjoyed today’s video don’t forget we hit two thousand nine hundred ninety nine likes or more in this video i’ll go ahead and do a video where i show you all my tester shares in all my accounts with the cost basis shown alright guys thank you
For watching and have a great day
Transcribed from video
Why I Am Buying Tesla Stock Like Crazy By Financial Education