Part 2/10:
Our investor recounts his journey into Tesla investing, noting that he started buying shares in 2019. Prior to that, he closely followed Elon Musk since the 2007-2008 recession but refrained from investing because Tesla hadn't yet achieved consistent profits. He recalls analyzing Tesla around 2015 and 2016, finding that the company was still unprofitable, which made him cautious.
His decision to buy in 2019 was driven by the company's shift to profitability, aligning with his own practical approach to investing. Despite being a multimillionaire, he chose to avoid risking his wealth before Tesla's profits, emphasizing risk management and financial stability as key factors influencing his timing.