Why I Sold Tesla Stock - And When I'm Buying Back
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- เผยแพร่เมื่อ 21 พ.ค. 2024
- I sold 20% of my Tesla stock due to concerns over the shareholder vote on the Elon Musk compensation package.
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#Tesla #TeslaStock #tsla - ยานยนต์และพาหนะ
Inside your Bubble” you mean cult?
Yep it's a cult.
I’m a bull … but don’t think what you did is unreasonable…
Only emotionally controlled children, of whatever age, have a problem.
Especially at his age.
LOL now this is rich. Uncle Warren with the 100K Tesla share price prediction panicked and sold! You can't make this up.
You’re not listening or don’t want to. Part of getting these valuations requires these moon shots hitting. These are much more likely (imo) to hit with Elon at the helm. If he would leave the upside would be less. I’m not of retirement age but if I were I’d be much more proactive about protecting my nest egg too. It’s risk management
He makes a very reasonable case for doing what he did. I'm impressed that he only sold 20%!
@@mrd2500 These children, of whatever age, don't have self discipline or attention span to listen for 2 minutes and are very unsophisticated, not understanding such basics as "there are many reasons one may sell but only one reason they buy".
Exactly! Don’t listen to TH-cam ladyboys!
Selling some stock is not synonymous with "panicking." He's made a rational decision based on an approaching risk.
I sold all my stock. Honestly, I was in shocked even I'm 2018 when the board came up with such an absurdly gigantic pay. We are taking a risk investing in the stock. Elon taking as extra 10% of everyone is insane 😳
The board is the problem. I sold all my Tesla shares, investing is risky enough I don't need more risk of Elon taking my money.
Clown take
The board is sh't scared Musk will resign, thinking that people mainly buy Teslas because of him. But he isn't the reason why most people buy a Tesla, only for the cultists. In fact Musk's increasingly obnoxious personality and signs of imbalance is a deterrent to most people. Tesla would be better off without Musk.
@@lexlayabout5757 agreed!
I’ve seen memes. Advertising for Elon to get 50 billion and not really advertising to sell cars is a bad look.
Goes against Musk's promise not to advetise (although Tesla has been paying "influencers" for years).
I sold 25% at 283 and have been buying back since, expect to buy more at 145 after The “vote”
I hear you, Warren. I have 95% of my retirement account in TSLA, and I've been very concerned about the possibility of this vote not passing and what it would mean if Elon leaves Tesla. It could be the difference between living comfortably or scraping by on pension, social (in)security, and a modest 401K. I will be retiring in Dec of this year or early 2026 because of an incentive package. So, for the past 2 weeks, I've been debating on selling between 10% - 66% and putting in into something a little less volatile until after the results. I've been willing to hang on for the ride so far, but this time, the downside is to serious and/or permanente'
A voice of reason
I voted Yes!
If this does not go through … I’m scared for this investment.
I took half off the table fast when the courts stepped in. They had no right.
Now , we all need to make the Yes vote happen
If you've got 95% in, you're stupid.
95% of your retirement fund in Tesla? You're a gambler? You should diversify. There are other great companiee out there.
Never keep 95% of your retirement fund in one single equity ! Nevermind an equity as risky as Tesla.
Sucker 😂
Enjoy financial ruin.
Warren, I understand your perspective and it is totally rational. I agree that a no vote is a mortal injury to Tesla. I trust Elon but I don't have as much faith in the general public and shareholders anymore. It would be interesting to know what percentage of folks who use FSD 12.3.6 daily would vote no. I use FSD every day now and won't go back. Tesla developed AI is a reality. The Bots are a reality. Energy is a reality. Again, I trust Elon to move the vision forward; anyone else, not so much.
Agree
Thank you
We need to all vote Yes
Don't you think that many AI engineers would stay specifically to finish FSD & Robotaxi? Where else will they be able to work on a similar project with the same potential for success? Your decision is a well-reasoned hedge... However, I doubt my ability to time the stock & I'm reasonably confident that shareholders will approve the package and that even if they don't, that Tesla will get FSD & Robotaxi solved leading to huge long-term gains for the stock. At this point I think a manager-style CEO like Apple's Tim Cook would drive the stock way higher & would still get FSD & Robotaxi. I think they would dabble in adding more models, reducing efficiency but increasing sales & satisfying Wall Street analysts. The losses would probably come from missing out on Optimus but it will "only" be a 5-10x instead of a 20-100x.
I discussed this in the video
💯
Can Tesla not challenge the ruling in Delaware up to the supreme courts? This is a bigger issue than just Elon and Tesla, no?
YES but it will take too long for what Elon and Tesla need to do NOW !
Appeal will take more than a year from now
It’s your Money You do what makes you feel comfortable ❤
I agree
I shaved off my initial investment
Just left the gains
Playing with house money now with Tesla
But then stop telling others he is a long term investor.
And stop shitting on others for selling their own stock
Thanks Warren for your comments.
I agree with all of this
Still holding, buying and not panicking.
Same, but I used to say: "It's irresponsible to NOT own at least a little TSLA." ...deliberately outrageous but something I've long believed. *IF* comp reaffirmation fails, IDK what to say going forward. Most likely this takes yrs to play out w appeal process, etc., but Elon could change that in an instant.
Dead men walking, Tesla is going nowhere but in the toilet
A wise investor has to protect from the downside, I sold almost a third!!! Cheers to you Warren.
Just voted yesterday via an email sent from my brokerage firm (Fidelity). Pretty simple process.
I've been working the process for more than 4 weeks in Sweden. Still haven't voted. Maybe it will happen now in the next few days.
Loved this. Thanks for your insights.
That’s where we all Tesla investors are today, to hold, to sell, to buy more at this level to avoid risk buying later at a higher price or wait for a lower price that may never come. Each one with a decision to make. For me I’m holding what I have because you can get burned when stock price suddenly surges. I’m waiting for the price to dip a little more but ready to buy the moment a rising trend is definite. You do you. Warren’s well reasoned decision is his own. Good for him to give us an insight into the alternative points of view.
Always liked your content, thanks for being so honest. I’m young enough to roll the dice and remain fully invested, but I share your same worries. I have money on the side and haven’t bought more TSLA so I guess I’m in a similar boat. Post the vote I will look to put the rest in if the vote goes well
Makes good sense Warren.
What was your methodology to arrive at a 20% chance?
Discussed with several people including a few who did detailed analysis. We did a space on it a few days before. I sold.
WARREN💪❤... Never EVER sell $TSLA.... You are a "bad boy..." BUT we still love you 😘
Nicely said ⬆️😂
@@maxflight777 😉
In an IRA makes sense to trim
in Warren’s case
@@WillR-Cincy BUT thats not what Warren said: Warren said he did NOT want to risk being a 100% in and wanted to buy back the 20% until after the shareholder meeting due to "substantial risk..." of the looming stock vote... As a SEPARATE ISSUE if one "had to trim an IRA" that would be a good reason BUT that is NOT why Warren sold 20% ❗
@@WillR-Cincy what's IRA?
Props to you for A) disclosing that it is no longer true that you have never sold a share & B) explaining your reasoning. Given that you have said many times that a large majority of your investments were in Tesla and there is a 10% risk of a huge hit to the stock price combined with the probability of explosive growth dropping drastically a 50% hedge is not unreasonable. If it passes and the stock doubles before you can buy back in, you only get half the explosive growth on 20% of your prior holdings.
It is death my a 1000 2% a day cuts. The only plus side is that each new days 2% loss is off a lower value so a decreasing $ loss each day.
If it’s a no vote, what do you think of X becoming public in a year or two and Elon selling some of those shares to buy back TSLA?
Unlikely.
@WarrenRedlich
I think he will take X public when he gets 420 secured
I think he will have moved on
He has xAI now and X
He’ll focus on AI and maybe neurolink
0% Elon will never take another company public.
Warren you have to do what you feel is right. People are just gonna hate.
Elon didn’t say that he will leave Tesla if the vote is not favorable. What he said is that he is not comfortable developing AGI, specifically in Optimus if he doesn’t control 25% of the vote. He may just develop the brains of Optimus in XAI or another of his companies. I don’t think FSD is at risk from Elon killing it, by leaving in the way you say.
Good cope
Agree, my thoughts exactly!
That is a possibility he would be the only one to have a sentient Optimus for his quest to save humanity and everyone else have the dumbed-down version.
Lol the moment tesla isn't going up all the time, Warren can't handle it and starts to bail. Tesla clown. To me it's hilarious as was always going to happen to a religious member.
You make a case that the downside risk is greater than the upside risk and you care more about capital preservation than growth. Fair enough. If I had enough to retire upon, I might do the same.
I share your concerns…maybe things will work out - but to flippantly dismiss the risk here is either inauthentic or moronic.
What you said could happen and high probability!
Most people have no idea what it's like to think for themselves. Once they make a decision, they're blind to everything else. So they're almost always blind and following one crowd or another. I've had many of the same thoughts as you. I followed you originally because your analysis made sense, not because it justified my biases. Although I wish you'd stop saying "hello hello hello hello hello" at the beginning of streams.
The obvious truth is that Elon doesn't lie, and he really will leave if the shareholders betray him. Many engineers will follow wherever he goes. The untalented ones will stay, because they're only there for the job. Metrics will continue to look good for a while. But it will take less than 5 years to see the obvious results. I don't even think the stock price will suffer much in the short term. Wall Street is stupid, and they dominate the price. The stock price will suffer more when several AI people leave AFTER Elon leaves.
But it's not really about the short term. Whatever happens as a result of the change would be interesting to speculate about as far as timing, but the fundamental thing that changes is that Tesla wouldn't be as great a company without Elon, and that's not an issue of timing. The fact that some current large shareholders are voting no is already a ding on Tesla's quality. Everything about a company is downstream from its owners, and some of $TSLA's owners are pathetic human beings with no integrity.
Amen
Except for the hellos 🤣🤣
Makes sense Warren.
It is hard to be out at all with FSD improving exponentially virtually every month. When 12.4 hits the street, the stock could pop. If not 12.4, then 12.5 will certainly do it. Hope you get your 20% back economically but I would be inclined to buy Aug 235 strike call options to retain the upside with some of that which you sold.
Stock never moves on FSD
I totally get that there are those outside of the bubble. What I don’t get is why those people are shareholders. That’s weird to me.
Consider this, if inside the bubble means investing for ideological reasons ( belief in the mission, management team in particular, etc) there are many that invest for purely financial considerations. Ie make a buck. These can be said to operate or rather invest, from outside the bubble
@@yotube1ful I get that too. My counter to that would be if these people are solely in it for financial reasons then ousting the CEO will certainly tank the stock. Trust me, if the Comp package is not ratified, that will be a no confidence vote viewed by Elon and he will surely move on.
@@Crazyreseller this presumes they agree that the company would be better off with current leadership. Most causal observers have soured on Elon for his vocal political and other views. Never mind the prevailing anti billionaire sentiment.
@@yotube1ful the idiom of “cutting off your nose to spite your face” comes to mind.
Many stockholders aren’t as emotionally tied to the company as you guys are. Many only see it as a car company and view AI as a distraction.
So if the shareholders vote yes and there is a rally, will you be rebuying the shares you sold?
I agree with Warren 100%, problem is, in switzerland my broker does not let me vote anything. The dont forward information at all. A lot of little share owners can not vote!
This is reasonable. I am ready for more risk and went all in now at this price.
I moved my shares from Berthel Fishcher to Fidelity so I could vote for Elon. Already voted all my other shares.
Good move 👍
The AI team will debunk to elon's xAI even more........
The Robotaxi and Optimus still belongs to Tesla.
Elon has been the driving force behind them, but the path has been set!
Without him, Tesla might lose momentum, so I guess it would slow it down, and increase the risk.
There's a substantial risk that the effectiveness of the engineering teams would peter out with time.
I appreciate your integrity. Too many other creators acting like this isn’t a significant risk. We think EXACTLY alike. I did the exact same thing Monday morning for the exact same reasons. Though I believe the chances of a no vote are 50%. And even a yes vote comes with major concessions that fundamentally change the trajectory of the company. Board seats, Class A voting stock, and other initiatives to reign Elon in. So a yes is likely not a win. Either way Elon never reaches 25% equity stake, and he’s taking the AI part of the business and all the valuation associated with it away from TSLA.
50%? Yikes!!
hey Warren, I heard you’re in Thailand? I’m in the process of moving there in few months once I get my passport and sell my house. Maybe we can meet up irl and talk to ya about all things Tesla. I’ve been a Tesla investor since 2019.
Love it! I'm in Bangkok.
Warren, if I wasn't underwater with TSLA, I'd also consider selling maybe half until we are sure about the direction of Tesla. That said, if Musk's package is denied, I feel sure that there will be a planB package for us to vote on. I believe his aggregation of 25% of the stock is the most important factor in his retention. If Musk and his AI engineers leave, I will likely grow very old and die with my TSLA stock underwater.
Yeah my emotions to Tesla made me not sell at $400. In hindsight the non-emotional action would be to sell 10-20% as a risk off move. Institutional holder always take risk off by automatically selling when it exceeds a predetermined percentage of their total fund. IMO it is not a good time to sell. It might dip a bit or might not. It is one’s own decision.
Yep
This was me
I should have taken some off the top at 400
But , we never in 100 years could have predicted Elons online antics. He split the customer base by 50%
That’s was not predictable
Exactly...Dress it up as we want, it would have been better to sell off some at high points. Greed and those pumping it have an influence. Some of Warrens speculations and hypothesising played a part in him and others not being prudent. He's seeing a bit of real future now..at long last.
Enjoy the collapse, fool.
Did you short TSLA?
You know you didn't have to tell the world.
the truth is appreciated, and needed in a world full of lies and fraudsters.
Obviously Ken didn't watch the video. I explained why I had to tell the world in the video.
@@WarrenRedlich 🤣 Thats exactly what I was thinking !
@@WarrenRedlichYes, it was the right thing to tell imho.
Seems reasonable, hope ur able to buy back at a decent price (obvi assuming votes passes)
Warren, I like you, you had some good ideas but you have lost it. You think Tesla and Elon are that dumb? I know you are on permanent vacation but use your head try harder.
I think Elon is that smart
Warren - can you think of any reason a Tesla shareholder would vote against? They have to know a no vote will drive the stock down and they'll lose money. Whether Elon leaves or stays. I don't get it.
Watch the video?
EMBS
No onehas any idea. Neither does this dumb man Warren. He's a religious clown. To me it's hilarious, I love religious people losing money, because they deserve everything they get.
@@WarrenRedlich not all, started dragging too much
We’re outside the bubble and Warren I didn’t hear what you said. Most our shares are held in my Wife’s Trust. She’s become very negative about Elon, his purchase of Twitter, his Support of trump and I can’t control her Vote however I agree mostly with her and I’m particularly bothered by Elon’s trying hold us hostage if he doesn’t get his way.
Still undecided, let’s hope you help me with our decision on thousands of shares.
Well done Warren, you're the man.
Glad you found what you were looking for. Enjoy your life mate.
Thanks for your honesty and your thoughts and facts. How about we offer Elon 10% of our shares to keep him. I would lose 10% for Tesla to continue with Elon etc.
There aren't enough of us who would do this to make it work.
Rats leaving the sinking ship.
If the weather forecast says 20% chance of rain, do you bring your umbrella? I don't.
I dip t believe he would leave. I did vote FSD will happen. It’s Elons baby
Yeah I held everything in Tesla .. about 6 months ago I sold 33% enough to have in cash twice what I invested.. I still believe in Tesla BUT I have been wrong in my beliefs before I am about Warrens age and can’t afford to lose everything so a degree of safety is wise, shouting Dimond hands or hold for life does not get you your money back
Finally someone with common sense. Never listen to people like Warren ever, if he sells or buys.
His action is reasonable.
I’m a 100 percent in. I’m 59 ant I’ve never sold a single share.
And still his action seems prudent precisely for the reasons he gives. Respect
Appreciate the non-bubble points of view.
Elon's threat to leave makes part of me like the vote against the compensation so that he can follow through with his threats. For how long is he going to have us over the barrel especially after granting him more control of the company?
Tesla will be better off without him. He is diverting resources into his own pet projects like the Cybertruck fiasco, and failing to produce what people want. Musk is becoming increasingly unhinged and will become even more so if more voting power is given to him.
Warren, did you buy back the stock you sold?
WARREN👋: I have 8300+ shares at Vanguard... They have let me vote in favor of Elon's package AND the move to TX 💪
Nice !
This is the way
We need to protect Elons fair and legal pay package
What precedent does this set for future CEOs in the US?
Your contract is arbitrary?
Non binding?
Up to the courts?
That is not laissez faire? I think it’s a violation
@@RetireandGo Well said !
warren is right am surprised only 20% was think of selling a little too the risk is quite high retail tends to not vote as much as corporate investors
Maybe 50% would have been smarter but I couldn't bring myself to sell that much
I voted yes on my 6k shares but I understand your concerns and they are 100% legit. My biggest worry is that Elon said he will build AI and robots outside of Tesla because he wants the control over the tech. Elon already made the first move on his AI future commitment by starting xAI and pouching Tesla AI employees. Why didn’t he do this with Tesla unless there was a lack of confidence on hitting the 25% threshold. If the vote is no then, I agree he will likely leave since it will be nearly impossible to ever get to 25%. Elon kind screwed over his hopes of getting 25% by selling a large chunk to buy Twitter. If Elon leaves, he will be forced to sell existing granted options since you need to be an employee to be able to hold company granted shares without exercising. He may sell in order to buy and acquire options but he won’t be able to just let them sit. Mark Zuckerberg owns 13.5% of Meta but has 61% voting due to the Class B shares he owns. This structure does not exist at Tesla and perhaps that was another misstep on Elon’s part.
You need money now.
This is Reason what you do
False
Where is CNBS to report "Tesla down after Warren Redlich dumps stock" xD
You can manage your shares and cash however you like and owe none an explanation. But thanks for sharing your thoughts around this move.
I'm a little surprised the media didn't run with it
@@WarrenRedlich That would mean to acknowledge your expertise (like Barry and Lost are portrayed as bulls and experts)...
I think buying PUT options would do a better job in terms of cost of mitigating the risk
I don't like using options for anything larger than a minimal play.
I think Elon would still stay if the vote is no. Then the board would work on a lower compensation package.
If Elon got enough voting power, he would stay.
Tesla would continue to work for getting him compensation, and that would make him stay. But if they fail, and they likely would because it would become so much harder, then the uncertainty would crash the stock.
Tesla is Elons baby, he would hate giving up on it. But you know how Elon doesn't hesitate doing necessary changes, which others think too drastic!
Tesla without Elon would become an unrealized potential, but it would survive,... I think.
You’ve “bottled it “ Warren!!
(as we Birmingham people say )
😂😂😂😂
And we London people. 👍
If this is your line of reasoning, then you should have sold everything
Maybe
It doesn't make sense to sell everything as I doubt it is all held in a tax deferred account. Triggering a taxable event would be costly since Warren has held Tesla since 2016 and is in the green.
I just hope people have more marble in thier brain. 1 + 1. Yes you win or no you loose
Elon said that even if he leaves, FSD and robotaxis will be done. He said it.
It’s not zero I will be hovering over the sale button a day before because the rich are gonna know a day before
You know you didn't have to tell the world
Are you a TROLL 👿
No not a troll. Just tired of this channel. Little informative or usable info in relation to length of video just my option.
@@kenmartin5299 Then "exercise" your "option" to leave ? If you are that "tired" of it ? Nothing is perfect !
Ken didn't watch the video
Because he, like so many other TH-camrs think that the world follows their every move.
Why only 20%?
Emotions wouldn't let me sell more
This no good the bull bull is now the bear bear I’m screwed
Don’t worry about the haters, you are in the right 💯💯
This is slightly hysterical.
Steve Jobs got fired from Apple. So yes it can happen.
I don’t care what you do with your stock but it’s humorous to me people freak out about your personal investment choices
None of the have any idea. The lack of intelligence is amazing, they're dumb
Yes BUT it is like when Warren freaks out when people criticise Elon. People freaking out helps Warren make his videos!!!!!!
And you got $400/ month leftover for... yep, sounds like Thailand. Lol
I get your points, I still personally will be all in. Big risk, big reward.
Preserving wealth (while building more) is different from building wealth (when there isn't much), imho
Given new US tarrifs on Chinese EVs, how is this going to affect the import in the US? They will not be competitive. But maybe the Chinese will produce in Mexico.
The US is not that big of a market compared to the rest of world any more.
Also a bull and respect your analysis and viewpoint. I think that if people are not confident in where Elon is taking the company they are likely to have traded out of their positions - paper hands. I agree the media is anti-Elon and anti-Tesla, this weeds out a lot of investors who don't support the Tesla mission.
Warren should become the next CEO of Tesla if Musk leaves.
Good reasoning. I was shocked when i found out that every non vote is counted as a no vote. Thank you Warren.
As SMR has regularly pointed out we should never forget that the intelligence bell curve has half of the population on the below average side.🤔
Yeah, the tesla buyers 😂
Is this about the 50 billion monetary bonus that Elon wants, while firing thousands of workers?
so short?
Elon and Kimble Can vote on Deleware question though if they want can't they?
I'm not sure
Selling just 20% seems to be a too small reaction to the threat you perceive.
But why did you publish that you sold?
I guess you wanted to make the risk seem more real for more compllacent stock holders.
Tesla is Elon's last public company. He'll never deal with the public market again
Michael, I agree with you. Elon only played this public game because he was offered an amazing opportunity and he did it !
Now, if he is denied his legally binding contract pay … dude, we all would walk away and stop dealing with the foolish public market
The reason I'm not too concerned is that Tesla has FSD training data that will be impossible to replicate in time to compete with Tesla on the generalized FSD solution. The FSD AI engineers know this better than anybody, so it wouldn't make sense for them to leave at this point. AI engineers follow the data and compute. Tesla is the only one with both for FSD, so the ones that care about FSD will stay.
That said, a no vote on the pay package would make it likely that Elon will move the Optimus AI/brains over to xAI. Tesla will be stuck with the low-margin bot manufacturing, so I'll probably sell much earlier (~5 years vs. 10+) if that happens.
Elon can't move anything out of Tesla
@@WarrenRedlich Tesla owns their data, not Elon. He can't just take it without the agreement of the board and compensating Tesla. That data is worth tens of billions.
I sold all of it at $277. Just started buying again. I almost bought it all back around $150.-$160. I’ll just keep buying. The car is almost autonomous. Why would the AI team leave???? Your silly
40:39 Marvin - now that's depressing.🥾
Votes YES everyone!
What is the rationale of those, including the institutional shareholders, who voted "No"? Don't they know that it will decrease the price of the stock they own? So why does it make sense to them to vote no?
Watch the video?
@@WarrenRedlich I did. You mentioned that those who voted no have the mindset that Tesla will be better off with the direction that is opposite to Elon’s direction. It’s hard for me to be convinced that these are the people who take long positions. The people who believe like that, in my opinion, mostly take short positions.
I'm not sure why you believe that
I appreciate your opinion immensely. I am all in because I believe in the mechanics as established. Elon has threatened to take company property and leave. The stock goes to $50 Elon.loses. Strategy isn’t the question.
In another words...Elon is holding the shareholders hostage...😬
They will be better off without him. He is really just the company salesman. Get another, no-one is irreplacable.
Buying ops...
Musk said FSD will get to level 5 with or without him.
Shhh. Don't interrupt the fear mongering
Cope
Warren do you think you’re smart enough to time the bottom?
I understand your concern, but Elon just said this week that FSD will happen. His own words.
He says a lot
Don't blame the guy for selling. I said a couple of weeks ago that i'd be selling should the vote not go the way i want & it should. Should it not go the way it should would be tragic & means that the share holders clearly don't like/want to make a lot of money.. You can kiss 10x increase goodbye. However selling now makes no sense. Way to premature in my opinion. The stock could still run higher before the vote outcome is revealed.
Some bulls don't understand that it is okay to sell the stock to lock in some of the investment gain. This is more apparent when millions are on the line... it is also the risk management, 2% vs 20%. If the risk adverse is too high, do what make sense personally.