Tesla share price

doe808

Shocking_Blue said:

For a while I've been thinking of selling some of my share in L&G Global Tech Index and then using that to buy into SMT (SMT has holdings that aren't in L&G - and vice versa - and together the two seem to cover some important tech bases, so to speak). The Tesla exposure of SMT is putting me off a little, though (perhaps it wouldn't if the value of Tesla stock had not had such a recent and rapid rise). I guess there will be differing opinions on this, and perhaps the 14% or so exposure to Tesla is not a major issue. Just wondered on any thoughts.
Thanks 

Tesla is now 10.8% of SMT

https://www.bailliegifford.com/en/uk/individual-investors/literature-library/funds/investment-trusts/portfolio-valuations/scottish-mortgage-valuation-31-october-2020/

Thrugelmir

Username999 said:

Tesla in, Apartment Investment (a REIT) out.

https://uk.reuters.com/article/us-usa-stocks-aimco/tesla-to-replace-apartment-investment-and-management-in-the-sp-500-index-idUKKBN28L2WS

More interesting is the displacement caused by Tesla's market cap. Passives will have to liquidate other stocks to fund the purchase of Tesla stock. Should provide some buying opportunities. 

Linton

doe808 said:

Shocking_Blue said:

For a while I've been thinking of selling some of my share in L&G Global Tech Index and then using that to buy into SMT (SMT has holdings that aren't in L&G - and vice versa - and together the two seem to cover some important tech bases, so to speak). The Tesla exposure of SMT is putting me off a little, though (perhaps it wouldn't if the value of Tesla stock had not had such a recent and rapid rise). I guess there will be differing opinions on this, and perhaps the 14% or so exposure to Tesla is not a major issue. Just wondered on any thoughts.
Thanks 

Tesla is now 10.8% of SMT

https://www.bailliegifford.com/en/uk/individual-investors/literature-library/funds/investment-trusts/portfolio-valuations/scottish-mortgage-valuation-31-october-2020/

Tesla was 10.8% of SMT at the end of October , down from 14.3% in August.  The November 2020  Factsheet shows Tesla at 12.3%.

See https://www.bailliegifford.com/en/uk/individual-investors/funds/scottish-mortgage-investment-trust/#Documents

doe808

Linton said:

doe808 said:

Shocking_Blue said:

For a while I've been thinking of selling some of my share in L&G Global Tech Index and then using that to buy into SMT (SMT has holdings that aren't in L&G - and vice versa - and together the two seem to cover some important tech bases, so to speak). The Tesla exposure of SMT is putting me off a little, though (perhaps it wouldn't if the value of Tesla stock had not had such a recent and rapid rise). I guess there will be differing opinions on this, and perhaps the 14% or so exposure to Tesla is not a major issue. Just wondered on any thoughts.
Thanks 

Tesla is now 10.8% of SMT

https://www.bailliegifford.com/en/uk/individual-investors/literature-library/funds/investment-trusts/portfolio-valuations/scottish-mortgage-valuation-31-october-2020/

Tesla was 10.8% of SMT at the end of October , down from 14.3% in August.  The November 2020  Factsheet shows Tesla at 12.3%.

See https://www.bailliegifford.com/en/uk/individual-investors/funds/scottish-mortgage-investment-trust/#Documents

Thanks. Not caught up yet with reading various bits of funds info this month. Was going to save them from reading around the fire with a glass of port at Christmas. SMT has given us a very good year. Been selling down myself. Now less than 5% of the portfolio.

AnotherJoe

Shocking_Blue said:

For a while I've been thinking of selling some of my share in L&G Global Tech Index and then using that to buy into SMT (SMT has holdings that aren't in L&G - and vice versa - and together the two seem to cover some important tech bases, so to speak). The Tesla exposure of SMT is putting me off a little, though (perhaps it wouldn't if the value of Tesla stock had not had such a recent and rapid rise). I guess there will be differing opinions on this, and perhaps the 14% or so exposure to Tesla is not a major issue. Just wondered on any thoughts.
Thanks 

If you are going to question the individual makeup of a fund (or IT, whatever) then that says you have no faith in the management to make good decisions so you you shouldn't invest in it,  because you are saying you believe you know better than the management (and you may well do, no criticism implied. Most of us knew better than Woodford for example).

In the past, IIRC Tesla's got up to something like 15% or so of SMT and then they sold it off to get to under around again (IIRC)   8%. But then the stock doubles again in a few weeks and they are back where they were.

Also i find your reasoning somewhat backwards anyway, surely its more likely that a particular company would make up a high % of a fund if its risen very fast, not slowly as you say. If its risen slowly then they should have  sold it down earlier to their max level as they've had plenty of time to adjust it. eg if it creeps up to 14% there's "no excuse" for holding such a high %. If its jumped in a few weeks, well OK thats understandable give them a little bit of time to adjust. You dont sell tens or hundreds of millions on a whim.

In any case, AFAIK SMT have a rough max holding of around 10% and will trim to that when they think the time is right. And that money will get invested elsewhere, say SpaceX maybe. So Tesla will go down below the 14%. But it may get back to 14% again. Which is no bad thing.

Ciprico

You may feel SMT being 5% into Nio is also too high....
...I think having managers that picked a company that rose 800% in a year shows they are good at doing their job and far from a reason not to buy smt.

csgohan4

123mat123 said:

You may feel SMT being 5% into Nio is also too high....
...I think having managers that picked a company that rose 800% in a year shows they are good at doing their job and far from a reason not to buy smt.

I agree, if they picked Nikola, then that would be evident in how robust their research is

Blue_Sky

Interesting story here re Tesla and Apple.
Elon Musk: I tried to sell Tesla to Apple | Elon Musk | The Guardian

AnotherJoe

Whatever he was smoking, maybe you should try some? 

410k+ deliveries over those next 3 quarters which, in case you need reminding, included a worldwide pandemic and manufacturing shutdowns.

adindas

The things like this sometimes the people are missing when people are analysing non conventional stock like Tesla (TSLA) stock price.

They treat TSLA the same with other mature stocks such as Energy, Consumers good, staples, etc

Tax credit for EV is not new. There are numerous info in this MSE before. This is just a recent news about tax credit

https://www.reuters.com/business/autos-transportation/us-treasury-makes-more-evs-eligible-tax-credits-2023-02-03/

https://worldnewsera.com/news/us-news/biden-administration-expands-ev-tax-credits-in-boost-for-tesla-cadillac-others/

More than two years ago when people here are talking about Tesla you got slapped by vocal people in the  investment sub board. I along with few other people ignore them. In just last month alone TSLA has risen 75%.

TSLA is my largest holding for individual stock, which I start bought it a few years ago. I just checked it a few minutes ago, it has risen 207%.

Think about all of the cumbustion vehicle currently on the street. In the future most of them will be banned or scraped and will be replaced by EVs. There are a lot of companies in  EV due to incentive from government, only a few will survives. Many are even just scammers have not sold any single vehicle this sort of stock that certainly need to be avoided.

Lesson learnt when come to your own investment, good to listen to everyone for comparison but pay more attention to professionals who have a track records of making money in the stock market. Do not just listen to people just because they are very vocal. Let alone if they do not have a proven track record of making money in the stock market.

Again this is not suggestion, to buy, sell or hold TSLA. Do your own DDs. We take own own gain but we are also responsible for own own loss.