After a long time, I am writing this blog only on stocks and that too some exciting but pricey stocks. Last week Tesla's results and subsequent jump in stock caught my attention. I have been following TSLA stock since its IPO. Every time I go to Santana Row, I make a point to visit Tesla store - same way every time I visit Valley Fair mall, I make a point to visit to Apple store. This started me thinking - Can TSLA (stock) could be similar to APPL (stock) @ time of iPod introduction? Let's look at some similarities? Car companies have been around for over 100 years but in a long time (maybe since Ford introduced Mustang), there has been so much excitement with Model-S introduction. Consumer Digest gave Model S almost perfect score and Tesla surprised Wall Street with profit and 25% gross margins which is unheard of in car industry. Same could be said when Apple introduced iPod. Tesla is run by young CEO Elon Musk in his early 40's same way Apple was run by Steve jobs.
Commentary about markets and investment ideas and some random thoughts!