Tesla Stock Is A Great Buy Before The October Event

Summary:

  • Tesla, Inc.’s share price is poised for a trend reversal, driven by optimism surrounding upcoming events like the October Robotaxi announcement and long-term growth prospects.
  • Key catalysts include the introduction of a new, affordable model and advancements in FSD, potentially disrupting companies like Uber.
  • Tesla’s technological edge, including the Dojo supercomputer and AI capabilities, positions it ahead of competitors, with potential shifts towards autonomous driving and robotics.

Automated with big data

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Investment Thesis

In recent weeks, Tesla, Inc.’s (NASDAQ:TSLA) share price has moved upwards again ahead of the October event and is on the verge of a trend reversal; it has already surpassed the 200-day moving average. The new optimism

Investor’s Checklist

Check

Description

Rising revenues?

No

Increasing over longer periods

Improving margins?

No

Possible competitive edge

PEG ratio below one?

No

PEG ratio below one may suggest undervaluation

Sufficient cash reserves?

Yes

Vital for the survival & growth, especially of unprofitable companies

Rewards shareholders?

No

Returning capital to shareholders

Shareholder negatives?

No

Actions that disadvantage shareholders

Stock in an uptrend?

Yes

Trading above its 200-day moving average?


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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