Tesla: A Strong Buy Before Its Blockbuster Moment

Oct. 10, 2024 1:09 PM ETTesla, Inc. (TSLA) Stock, TSLA:CA Stock54 Comments
Victor Dergunov profile picture
Victor Dergunov
Investing Group Leader
(14min)

Summary

  • Tesla's dominant position in EVs, AI, and robotics, coupled with perpetual innovation, positions it for rapid sales and profitability growth in coming years.
  • Technical indicators suggest a substantial breakout above $300, supported by favorable fundamentals and a constructive inverse head and shoulder pattern.
  • The upcoming potential $25,000 compact EV and robotaxi fleet could significantly boost Tesla's market share and profitability, driving future stock price appreciation.
  • Despite Wall Street's bearish stance, Tesla's potential in high-margin segments like FSD, AI, and energy solutions could lead to considerable price target upgrades.
  • This idea was discussed in more depth with members of my private investing community, The Financial Prophet. Learn More »

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With the Tesla, Inc. (NASDAQ:TSLA) Robotaxi event, finally here, Tesla's blockbuster moment has arrived. I discussed why I was buying the Tesla dip in my previous article. I have been a Tesla bull for a long time

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This article was written by

Victor Dergunov profile picture
Victor Dergunov
49.59K Followers

Victor Dergunov is an independent investor and author with 20 years experience. He preaches diversification and shares investment ideas across all market sectors. Victor aims to help readers build portfolios that perform well in all economic conditions.

He runs the investing group The Financial Prophet where he covers all market sectors and shares strategies for well-diversified investing. Features include: the All-Weather portfolio, trade alerts, technical analysis, daily reports with his latest updates, covered call strategies, and direct access in chat. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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