Tesla rise as a stock is similar to when Apple was reborn and went on to crush industry after industry. It is similar to the multi-decade rise of Amazon. Most people did not load up on Apple or Amazon stock during those legendary runs. If they did most did not buy and hold for two decades or more. Tesla is only a decade into its historic rise. You can see the decade long rise. Tesla came out at $17 per share at IPO. It is up over 100 times to $2050. I missed the first 10X and caught most of the second 10X. I will tell you now it is not too late. There is another 10X in the company and as difficult as it is to believe there could another 10X after that.

The Tesla model 3 utterly dominates the luxury mid size car market in the USA. Tesla has very few subsidies in the USA because they used up the federal electric vehicle tax credits. Tesla is beating gas luxury cars. BMW, Lexus, Mercedes, Audi are all getting crushed. Tesla even has broken out of the luxury segment and is outselling Honda and Toyota models in California.

What are some similarities and differences about this Tesla domination? Tesla is making batteries that are cheaper and cheaper. They are making them cheaper by 10-15% every year. Pick your favorite non-Tesla luxury brand. In the USA, let say it was BMW, Lexus or Mercedes. Let us imagine it was 2000 before Tesla. This model and brand are number one in luxury. They have 40-50% market shares. They develop a key technology which enables the engine and drivetrain to get cheaper by 10-15% every year. They can also increase acceleration every year. Instead of 4-5 seconds on the mid-luxury it goes to 3.2 seconds. Other features keep improving. They have the best driver assistance and this keeps improving. It is so good 25% of the car customers will pay $8000 per year for it. This "car company" has $1 billion per year in Artificial Intelligence software sales.