A piece of new information that makes me stand up and take notice. It validates what Warren Buffett had stated all along about the competition within automobiles 🚘 industry. 

For me, the article is a timely reminder to what makes up Tesla. It also reinforced my take about excessive premium given for valuation of Tesla. Rather than given a premium to a future that could be replaced by other powerful competitors such as Alphabet and now Nvidia, Tesla should be valued as it is now as a primarily EV firm. We can definitely add some side-values to its power storage business (also facing strong competitors from China). However, conglomerate or holding company discount must also be applied accordingly to be fair.

Elon Musk premium is too far, too much. In fact, it is nothing but toxic! I can't comprehend how shareholders and board could be subjected to the being a servant to a company's CEO, with accountability thrown out of the window. The company is also being treated simply as a ATM machine for the man. I don't care about his intelligence. Give credit when it is due. He is indeed futuristic. He knows where to milk the government for money. 

Tesla share price did go up tremendously over time, however quite a substantial amount is attributed to this ridiculous unjustified premium placed on its shares. What about Apple 🍎? Or Nvidia? Theirs have also appreciated vastly over a span of time under the current CEO. However, the two gentlemen are as humble as ever. They DON'T demand to be paid like Elon Musk!

Robotaxi, humanoid. They are all the works of AI and related technology. Who's the supplier for Tesla's AI technology? Nvidia! Training data you might argue... Be realistic, data is available all around us with the right collaboration with car companies. There are plenty of volunteers here, think Uber and Grab. If not, what about the biggest EV manufacturer, BYD?!

Tesla might think it has the first mover advantage. I might want to remind the readers that sometimes it is not the first comer who won the race. Apple 🍏 is the best example, proven time and again for being not the first, but when it arrives, the first arrivals become irrelevant.

The chart below shows that Tesla is still in the uptrend. I have been shot a couple of times for shorting Tesla. So I won't rush my move. I will do that again once the uptrend is broken. It is well known that after breaking an uptrend line, the share price will normally bounce back to the Trendline to test it. That correction will be my signal for entry. Now is the time to sit back and watch the show... Till my turn to enter the scene [LOL]  [Tongue]  [Silence]  [Chuckle]  [Evil]  

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