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Keep an eye on Tesla . . .

corneliussmurphy 0

Tesla stock has dropped substantially over the past year along with most of the market and it’s not a surprise to many as Elon Musk has been paying way more attention to Twitter with that recent acquisition. But keep an eye on Tesla as we move through Q4 and into 2023 as it’s ripe again for another huge spike in stock price which it’s famous for on virtually any good news as it did in November of 2021, January of 2022 and April of 2022 and I believe Tesla stock will be $250 per share before the end of the year. Why? I’m glad you asked and I’ll briefly state my case below.

  • Tesla sells amazing cars, and similar to Apple, has a cult following of visionary believers, numbering in the tens of millions.
  • If you think that Tesla is just a car company, you’ve missed the plot. Tesla has several incredible offerings to include cars, trucks, solar roof shingles and an up-and-coming personal robot along with things behind the curtain that I’ll leave up to your imagination for now.
  • Tesla has over 1M orders on the books for its’ Cybertruck and the wait time for all of Tesla’s cars is over six months, so demand is HUGE.
  • Other vehicle manufacturers are making huge progress in electric car or EV technology, however Tesla still makes-up nearly 70% of all EV sales here in the USA.
  • With over ten years of EV car producing and selling, Tesla has more data on EVs and self-driving automation than anyone along with miles driver in the billions.
  • Next week, Tesla will make delivery on its’ first Semi and Elon Musk just might make an appearance and speech at that event. If there is any good news whatsoever, the stock will go north as it did this past week after two Tesla analysts upgrades.

Never bet against Elon Musk, even when he’s struggling as we probably have absolutely no idea whats really going on or what his long-term vision is for Tesla, Boring, Space-X and Twitter as well as early stage ideas that may be simmering in his brain.