| Back in 2018, when there were just 400,000 electric vehicles (EVs) cruising the highways, spotting a Tesla (TSLA) "in the wild" was like finding a rare baseball card. Yet folks were buzzing about getting their hands on one. So we leveraged our predictive insights for what they do best and made a bullish call on TSLA when shares were trading around $20. Our stance may have seemed overly optimistic to some at the time. Fast-forward to today, though, and that data-driven foresight has paid off in spades. TSLA stock is trading nearly 1,000% higher than it was five years ago. But let's be honest: The Tesla ride hasn't exactly been smooth. Just last month, a disappointing earnings report sparked a fresh wave of doom and gloom around the electric vehicle (EV) king. Tesla reported a gross margin of 17.9% (still well above traditional automakers, just not enough to make Wall Street happy); earnings and revenue were lower than expected, too. And CEO Elon Musk's "We dug our own grave with [the] Cybertruck" comment sealed the deal, sending shares tumbling more than 10%. It wasn't the outcome we expected. But one positive did come out of that third-quarter call: We finally got a delivery date on the eagerly awaited Cybertruck. November 30. This Thursday. Four years after its unveiling in 2019. Ten lucky consumers will finally get the hyper-powerful, hyper-futuristic electric pickup they've been waiting for. And with the recent bearish sentiment and media headlines giving us an eerie sense of déjà vu, we can't help but wonder... Is Tesla poised to beat market expectations yet again? Here's why we think so – and what investors should be watching ahead of Tesla's big moment... Click here to continue reading Until next time, |
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