Elon musk, love him or hate him but he's been preaching AI long before anyone in silicon valley even cared. Thats why i find it ironic his stock is the last to rally and it should be the mother of all come backs.
List of things going for TSLA into the second half of the year.
-pay package approved, now incorporated in TX, a massive hurdle out of the way
-Optimus robot. Wouldn't be surprised if there was a Iron man suit in the works (probably a top secret project?)
-License approved to test FSD is China
-FSD 12.4.1 release soon.
-Robo taxi announcement less than two month away(August 8th). RIP $Uber
-Model 3 Long Range now qualifies for the $7,500 tax credit. This will boost $ales.
-GM, Toyota, Honda and Ford cutting their production on EV's gives Telsa the opportunity to take more market share. More Tesla's on the road? More Robo taxi'$ to operate. More people using robo taxi, no need to buy a car from GM or Ford or Toyota.
-Master Plan Part 4 (Release date TBD)
-New products in the pipeline. They will certainly bring back the $25K car.
-Europe imposed a massive tarriff on Chinese made EV's. Good for Telsa.
-USA tariff on Chinese cars? 100%!!! , no competition from china here.
-Expansion in India is certain, just a matter of when.
The big short: Tesla is one of the most shorted stock in the market(Dollar Volume Sold Short$18.04 billion) with 1.1 days to cover. Tesla has been know to have massive +$30-$40 days, the faster shorts cover the faster we go to $280, my PT.
TSLA reminds me of Apple a few months ago trading at low $170's with not much excitement, now its near $220.
I have TSLA $205 call for July 26, i fully expect TSLA to reach the moon before the Robo taxi release. The time may be running out to get cheap calls.
Lastly the debate is over, Telsa is a Tech company, its a conglomerate like GE once was.
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