From company-wide layoffs, unwanted price hikes, and delivery disappointments… to robotaxis, earnings surprises, and a game-changing approval from China…
It’s been a rollercoaster of a month for Tesla (TSLA).
In April alone, the company:
- Announced it would layoff 10% of its workforce across all sectors of the company to prepare for its “next phase”
- Increased the price of its Model Y SUV by $1,000, due to a planned seasonal price adjustment
- Announced plans for its highly-anticipated Robotaxi unveiling, coming August 8, 2024
- Updated its Full Self-Driving (FSD) package and pricing
- Reported a disappointing 8.5% year-over-year drop in vehicle deliveries for the first quarter of 2024
Meanwhile, TSLA stock:
- Bottomed out at a 52-week low of $138.80 on April 22 as retail investors panic-sold their shares…
- Soared more than 12% on earnings the very next day – vindicating LikeFolio’s bullish forecast and netting our Earnings Season Pass members a +268% gain…
- Then rode another massive leg up on Monday after it received (tentative) approval to license its Full Self-Driving technology in China (the largest car market in the world).
Whew.
Like I said, it’s been a rollercoaster.
So let me cut through the noise for you.
Wall Street is STILL massively undervaluing Tesla’s revenue potential – specifically when it comes to autonomous driving.
In fact, I believe Tesla’s Full Self-Driving tech could end up being licensed to every single auto manufacturer on Earth in the next decade.
And I’ll show you why in this brand-new “Market Pulse” video I recorded earlier today.
It’s a new perk we’re trying out for Derby City Daily, so let me know what you think once you tune in.
You’ll also find out why I’m worried about the overall market, what we’re excited about, and what comes next for YOU as an investor. Plus, it’s Derby Week, so you know I had to share my top picks for the big event.
Tune in for all that and more in just 13 minutes:
Here’s the takeaway I want to leave you with: Investors who keep thinking of Tesla purely as an automobile manufacturer are missing everything… including the opportunity. I’m here to make sure you’re not one of them.
Love him or hate him, it’s hard to deny the impact Tesla CEO Elon Musk has had on the world – from Tesla to SpaceX to PayPal (PYPL). And he’s made a lot of folks very wealthy in the process.
That’s why you have to see this next project he’s working on.
It’s a wild AI experiment that’s been called a “medical miracle,” and it’s underway right now in Fremont, California.
Check out this boots-on-the-ground footage for the full story – straight from Elon’s headquarters.
Until next time,
Andy Swan
Founder, LikeFolio
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