Autohome Inc
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Communication Services : Interactive Media & Services |
Based in China
Company profile

Autohome Inc. is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People's Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners. These services are offered to automakers and dealers, and advertising agencies that represent automakers and dealers in the automobile industry. The Company's autohome.com.cn targets automobile consumers with a focus on new automobiles. The Company's professionally produced content is created by editorial team and includes automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips. Its database also includes new and used automobile listings and promotional information. Its dealer subscription services allow dealers to market their inventory and services through its Websites.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$102.88
Day's Change
5.13 (5.25%)
Bid
--
Ask
--
B/A Size
--
Day's High
103.02
Day's Low
97.51
Volume
(Average)
Volume:
552,087

10-day average volume:
610,375
552,087

UPDATE: He began buying Tesla at just $7.50, and now he's retiring at 39 years old with $12 million worth -- he still refuses to sell a single share

10:51 pm ET January 11, 2021 (MarketWatch)
Print

Shawn Langlois

Don't try this at home, kids.

While most financial planners espouse the "diversify" mantra, particularly as the bull market pushes further into uncharted territory, Jason DeBolt, a former Googler (GOOGL)(GOOGL) and current Amazon (AMZN) employee, has taken a decidedly different approach.

Like other outspoken "TSLA-naires" before him (https://www.marketwatch.com/story/holy-smokes-im-a-tsla-naire-heres-how-quickly-tesla-has-turned-modest-investments-into-seven-figure-windfalls-11608825106), DeBolt took to social media last week to celebrate in his massive Tesla (TSLA) windfall, withthe stock in the midst of an 11-session win streak that ended Monday (https://www.marketwatch.com/story/tesla-inc-stock-falls-monday-underperforms-market-01610400959-7ec37e755739?).

His tweet went viral:

While Tesla bulls cheered, others -- more conservative types -- winced. Ben Carlson, portfolio manager at Ritholtz Wealth Management LLC, acknowledged feeling pangs of jealousy when he comes across stories like DeBolt's, but the approach just isn't for him, nor should it be for most.

"I'll never put my life savings into a single investment that could go to the moon," he wrote (https://awealthofcommonsense.com/2021/01/its-ok-to-build-wealth-slowly/) in a Wealth of Common Sense blog post. "But being a diversified investor means I'll never put my family in the position of being completely wiped out by a single position."

Read:'Big Short' investor says his big Tesla short is getting 'bigger and bigger' (https://www.marketwatch.com/story/big-short-investor-says-his-big-tesla-short-is-getting-bigger-and-bigger-11610313191)

DeBolt, however, is 39 years old, doesn't have a wife or kids, and is more than willing to ride the ups and downs. He's already been through plenty with his Tesla stake -- he lost $1.3 million on paper in one day last year -- and he doesn't appear to be sweating potential drawdowns in the future.

Ramp Capital, a popular anonymous financial blogger (https://www.330ramp.com/blog/2021/1/11/the-tesla-multimillionaire-who-refuses-to-cash-his-lottery-ticket), found his story "captivating" because of DeBolt's "grit and determination to buy and hold through thick and thin -- while having faith in a single company and god-like CEO in the face of all odds. "

So Ramp reached out and asked DeBolt if he was concerned that Tesla is in a bubble after its nosebleed rally in 2020.

"No, I don't think so. The energy and transportation sectors are being disrupted, and Tesla's stock price reflects that," DeBolt explained. "I think we could eventually see $20,000 to $30,000 per share by 2030 if they can execute, assuming no more stock splits."

He said he currently owns 14,850 Tesla shares at an average cost basis of $58 each. His first purchase was 2,500 shares at $7.50 in 2013. That batch is now worth about $2.2 million, he said.

"This company is just getting started," DeBolt told Ramp. "We might not see a company like Tesla in the next 50 years."

See: Opinion: I've pulled out all the stops for Tesla -- but can't find the upside on the stock (https://www.marketwatch.com/story/ive-pulled-out-all-the-stops-for-tesla-but-cant-find-the-upside-on-the-stock-11610117368?mod=home-page)

The TSLA-naires were having a rough session on Monday -- a rarity lately -- with shares down about 6%. The broader market was also under pressure, with the Dow Jones Industrial Average , Nasdaq Composite and S&P 500 all in the red.

Market Extra: The Elon Musk tweet that led to a 5,675% surge in Signal Advance's stock (https://www.marketwatch.com/story/why-an-elon-musk-tweet-led-to-a-5-675-surge-in-health-care-stock-signal-advance-11610400141)

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 11, 2021 22:51 ET (03:51 GMT)

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