TSLA 1Q23: 3 months nope, 3 years dope

Management is doubling down on long-term bets. It might inflict short-term pain on us. But it has huge potential.

Competition and Margin Pressure

After hitting its GFC low in 2009, AAPL 0.00%↑ surged and 10xed by 2012. Introduced in 2007, the iPhone conquered the world during those formative years for the third iteration of the company that made it what it is today.

But then the stock dropped 30% out of nowhere, while broader markets continued marching along. This drop had two…