Buying Tesla Shares vs Buying A Tesla Outright
Image sourced from CNBC
Disclaimer: I am not a financial adviser nor am I an accountant/tax expert. Please have your accountants verify the numbers with regards to your own personal circumstances. That said, the figures presented here have been verified by two accountants/tax advisors independently so they are correct to the best of my knowledge at the time of writing.
When I had my Tesla test drive I was completely blown away. I felt like I was driving a car from the future. I started researching the innovations at Tesla and was very impressed not only at what they've achieved so far but moreover what they have planned for the future.
I read many articles and watched many videos from Tesla and Finance YouTubers regarding the future of Tesla. The further down the rabbit hole I went, the more impressed I became. I saw plenty of future growth in their work on Full Self Driving (FSD), RoboTaxis, Solar and Batteries to name but a few.
The TSLA share price has rocketed over the last couple of years. So much so that if in 2019, instead of buying a Teslas outright, if you'd have put that money into Tesla shares, you could have bought 10 Teslas two short years later 📈
Perhaps, a lot of the steep growth has already happened but looking at the future roadmap and investing for the long term, I can't help but feel that it's worth a punt on Tesla shares rather than buying outright.
So, I put my money where my mouth is .... instead of buying a Tesla outright, on the 8th June 2021 I bought a Model 3's worth of Tesla shares with the plan to hold on to them for three years and leased my Tesla instead. If all goes well, then hopefully this approach will pay for part of the lease, if not all of it. Obviously, it could go disastrously wrong in the other direction but I feel long term it's a good bet 🤞
If you're interested in buying your Tesla through a UK Limited company you may want to check out my comparison of the Buying vs Leasing vs PCP options article.
You can see the real-time profit/loss figures from my investment at my shares tracker page and my quarterly blog updates. You can also stay up to date by subscribing to my YouTube channel where I'll be posting quarterly updates too.
Fingers crossed it's a good decision 🤞