"If you buy into the myth of diversification, you could spread yourself across the entire automotive sector. This approach, however, takes focus off of the Tesla narrative.Look at Ford's market. Look at GM's market. It's not only that European losses loom large, but, domestically, do you want to hitch an investment on companies that require the middle class to make large purchases? No. You want to look at the consumer who buys each new Apple (AAPL) product as it's released.
"... Tesla is not an automotive sector play. It's not an EV stock either.
"A bullish move on TSLA works out not because auto sales increase across the board or because EVs take off; it follows through because of the company's next-to-air-tight business model. It has high-end, exclusive luxury items available in relatively small supply. It generates pent-up demand among a customer base that does not have to ask how much something costs. And Tesla locates its showrooms in places where that target market lives and plays ...
Buy American, But Not Ford and GM
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