Kanye West, the headline-grabbing entrepreneur and rapper, shared with his 14.9 million Twitter followers this weekend just how much he loves his Tesla. He even garnered the attention of Tesla Inc. (TSLA) - Get Tesla Inc. Report CEO Elon Musk, who returned the love in retweet form and reignited the "bromance" between the men.
West and his wife, reality star and makeup mogul Kim Kardashian West, recently acquired a Tesla Model S P100D painted in a custom silver matte finish. If the special Tesla model wasn't enough to prove Musk and West have a special relationship, consider what Musk wrote of West when the rapper was named to Time Magazine's 100 most influential people in 2015:
"Kanye West should be the first person to tell you he belongs on this list. The dude doesn't believe in false modesty, and he shouldn't. Kanye's belief in himself and his incredible tenacity - he performed his first single with his jaw wired shut - got him to where he is today."
There's no doubt West loves his Tesla and the man who made it possible. But in West's growing collection of stock investments, do Tesla shares really belong?
Back in December, West gifted to Kardashian West a portfolio of high-flying stocks for Christmas, earning him a shout out on her Instagram (which has 110 million followers) with the caption "best husband alert." Included in the market-minded gift were considerable chunks of shares of Apple Inc. (AAPL) - Get Apple Inc. Report , Amazon.com Inc. (AMZN) - Get Amazon.com Inc. Report , Adidas (ADDYY) , Netflix Inc. (NFLX) - Get Netflix Inc. Report and Walt Disney Co. (DIS) - Get The Walt Disney Company Report .
While Kardashian West may now be highly exposed to richly valued tech stocks, the names her husband chose to gift have shown strength in the last year.
Over the last 12 months, Apple stock is up 15.3%, Amazon is up 69%, Adidas us up 28% and Netflix is up 116%. Disney is the only name down over the last year, but shares were in the green over the last month.
In a portfolio with such positive momentum, Tesla doesn't fit the bill. Shares are lower 9% for the last year, compared to the broader S&P 500's 12% gains. In the last three months alone, Tesla stock has shed 19% of its value.
Plus, Tesla faces a slew of problems outside its share price. There are analysts calling out the company's production capabilities and capital needs, ongoing issues with the Model 3 and numerous questions left unanswered from competition to autonomy.
His Tesla may be the "funnest car" West has ever driven, but that doesn't mean he should put the pedal to the metal on Tesla shares just yet.