An important event is set to take place this weekend, one that showcases the deep connection Tesla owners have with their beloved vehicles. This event, known as the Tesla Takeover 2023, is organized by Tesla Owners of Silicon Valley and is drawing significant attention from enthusiasts.
Think of the Tesla Takeover as the EV equivalent of Burning Man, featuring a diverse range of activities and exhibitors. Families can enjoy food and bouncy castles while exploring the various exhibits. Notable exhibitors include the electric vehicle maker Arcimoto and the automotive performance aftermarket products manufacturer Holley.
While the combination may seem unconventional, it highlights Tesla’s unique position in the industry. Unlike other automotive clubs focused solely on the passion for cars, Tesla owners are drawn not only to the vehicles themselves but also to the entire Tesla ecosystem.
Tesla Takeover 2023 provides a platform for discussions that go beyond the surface-level appreciation of supercars. Here, conversations can delve into the intricacies of Tesla’s complex stockholding structure, involving Porsche Automobil Holding (PAH3. Germany), Porsche (P911. Germany), and Volkswagen (VOW3. Germany).
In addition to these engaging discussions, attendees can explore thrilling driving experiences offered by Holley on a track specially designed for high-performance Teslas. The event serves as a reminder that Tesla owners not only value environmental sustainability and cost-effectiveness but also have a genuine passion for the brand and its future potential.
Kelvin Gee, Vice President of Tesla Owners of Silicon Valley, explains that many Tesla owners initially purchase the car for practical reasons such as saving on fuel costs or overall ownership expenses. However, as they explore the possibilities within the Tesla ecosystem, their interests expand. They start considering Tesla solar panels, the Powerwall residential battery storage product, and Tesla’s cutting-edge autonomous driving software. This expanded perspective leads many owners to realize the long-term potential of Tesla as a key player in the future of transportation and renewable energy.
Tesla Takeover 2023 promises to be an extraordinary event where Tesla owners can embrace their enthusiasm for the brand and engage in thought-provoking discussions about its various facets. As the event draws near, anticipation continues to build, highlighting the undeniable bond between Tesla owners and their cars.
The Tesla Owners of Silicon Valley: A Voice for Tesla Among Retail Investors
Introduction
The Tesla Owners of Silicon Valley (TOSV) is an influential club that has garnered a significant following among retail investors. With over 765,000 followers on Twitter/X and a combined social media following of over one million, TOSV has become a prominent voice in the Tesla community.
TOSV: From Electric Vehicles to Advocacy
Kelvin Gee, the vice president of TOSV, embarked on his journey with electric vehicles by driving a Nissan Leaf. One of the perks he enjoyed was the access to HOV lanes in California. However, Gee soon upgraded to a Tesla and eventually became an integral part of the club. Despite his role as the club’s president, Gee remains employed at the tech research firm Forrester Research (FORR).
The Power of Retail Investor Support
TOSV’s influence should not be underestimated, especially considering its extensive reach among retail investors. With a majority of Tesla shares owned by individual shareholders, the club’s support plays a pivotal role in shaping public perception and driving market sentiment. In comparison, other major tech companies like Microsoft (MSFT) have lower retail ownership, with only 50% of their stock held by individual investors.
Unique Characteristics of Tesla as an Investment
The high retail ownership of Tesla shares has multiple implications for the company. On one hand, it can contribute to increased stock volatility. On the other hand, it may result in different valuation multiples compared to similar firms within the industry. However, it is challenging to find suitable comparisons for Tesla due to its status as the most valuable car company globally and its significant market share in the EV sector.
Tesla’s Performance and Prospects
Both retail and institutional investors have reasons to be satisfied with their investments in Tesla. In 2023 alone, Tesla stock has surged by approximately 116%, outperforming the S&P 500 (20%) and the Nasdaq Composite (38%).
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