Open Letter to Tesla Bulls
Three quick tips for Tesla bulls, if I may.
Focus On The Longer Term
If we, as owners of the company, want Tesla & Elon Musk to continuously invest in the longer term, then we must also prioritize long-term thinking over short-term obsession with the stock price.
For example, if Tesla can now implement innovative production methods, which ultimately lead to quicker production rates and higher margins, then even if this innovation comes at the expense of near-term risk and misses, we should support such initiatives.
In exchange, I would ask Tesla to clearly communicate in its Update Letters how certain initiatives will accelerate the world’s transition to sustainable energy, by providing investors with specific quantitative or qualitative milestones on the way to long-term goals for long-term shareholders to track.
Selectively Block Trolls But Educate Others
Tesla is simultaneously disrupting multiple, multi-trillion dollar industries, so FUD will always exist and will likely intensify.
FUD needs attention to succeed, so if you are convinced that an account is created to spread FUD, then consider starving it of your attention by blocking it, but be very selective; we do not want to create a bull echo chamber.
Modus operandi and key markers of FUD:
(i) personal attacks and attempts to discredit well-known bulls;
(ii) downplaying of Tesla’s and Elon’s previous success, disregard of facts or extrapolation from immaterial facts to imply long-term grave problems; and
(iii) track record of moving the goalpost.
If you cannot prove that an account is created solely to spread FUD, then do not block it until you are certain, in order to avoid creating a bull echo chamber. Further, if you are convinced that a bear account is genuine, then protect it against unjustified attacks from other bulls.
The goal is to create a safe medium for productive exchange of genuine ideas, free of FUD and blind fanaticism.
Keep Each Other Accountable
Let us not jump to conclusions, even if that means continuously questioning our own bull thesis. Let us learn and freely discuss the risks to our investment better than bears ever could. Let us set the bar high for bears and media by ever-improving the already high quality of the TSLA bull thesis.
Thank you, and I look forward to discussing ideas with you.
