Tesla Stock Holder Calls In With A Word Of Warning For Sam

A listener who is heavily invested in Tesla calls in with a word of caution for Sam.

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I wanted to talk about Tesla. I have a large proportion of my retirement money invested in that company. and I'm sorry to hear that. yeah yeah yeah yeah. it's been that they've gone down over 70 percent in the last year or so. but I'm still up from where I bought it. and I just want oh you're up where you bought in? I don't give Financial advice, all right? I don't give financial advice. but I would say if you at this point are ahead there's something to be said about you know maybe shifting into something else. I don't know I the stocks a on a big discount right now. and it's a good time to buy and get in. so let me ask you a question. why do you think that? well if you look at the multiple for the price-to-earnings ratio I mean because the company is still doing just as well as they ever have been. okay. almost as well there are some concerns about demand. but okay well you have some concerns about demand but what about Supply? Is there going to be a competition going to get more or less for Tesla going forward, would you say? Well in the short term, I think actually some of the competition is going to be backing off because they're afraid of the coming possible recession and reduced demand for electric vehicles. and then you know the major so you're saying like about a year back a year out or two are there let me put it this way are the car manufacturers the major car manufacturers are they ramping up their capacity to build electric cars or staying at the same level or diminishing? well, they've been dragging their feet for decades. I agree. I agree. Right now are they ramping up their capacity or are they still dragging their feet? well well, I think they're dragging their feet. and they've been there they finally started in the last year or so and finally started ramping up. right okay so in other words they're ramping up. all right look I'm not gonna I don't give financial advice. but I will tell you this. I will tell you this like in an environment where you have a proprietary system for charging an electric car and maybe it's medium term. Maybe it's sort of short to medium term you're looking at major cars and the major industry ramping up their capacity to build cars that are going to have a universal ability to charge.