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However, Loomis admits that his own risk tolerance prevented him from investing back in 2012. Tesla’s history is fraught with near-bankruptcy moments — Elon Musk himself has publicly stated that Tesla was on the brink of collapse multiple times. For many, this risk level is too high, but for those who believed in Elon Musk’s vision early on, the rewards have been substantial.
Loomis first bought Tesla stock in early 2019, marking his entry point after witnessing the company's evolution and understanding its long-term high-growth trajectory. He also touches on Tesla's relentless innovation, highlighted by upcoming models like the Cybertruck.