Can Tesla Get Back to Even? What I'm Watching

已更新

I still can't believe that, back in April, Tesla was down 43% since the start of the year. It's been ages since we've seen a drop like that for Tesla. I circled that point on the chart with a red circle. Also, the yellow and orange lines are the 50 and 100 day moving averages, about to cross and seem to be turning upward.

Fast forward to now, and Tesla has bounced back, down just 6% since the year's start. If Tesla goes green on the year... watch out.

There are a number of reasons why Tesla might be turning the corner, and that especially seems to be its recent delivery numbers. But, before we go there, what really caught my eye is how quickly companies like NVIDIA have recently outpaced Tesla over the last 6+ months. I just can't remember such a hot stock becoming "left behind" in such a short period of time. Both TSM and Broadcom also passed Tesla rather quickly - also semiconductor stocks.

Now, why did Tesla pop recently? As many of you know, Tesla reported 443,956 deliveries in Q2, slightly above Wall Street's expectations of around 439,000 units. There's nothing quite like beating Wall Street and proving them wrong. But let's not forget that Wall Street can spin the numbers to fit their narrative. This delivery figure is still a 4.8% decrease from the same quarter last year, hinting at Tesla's resilience.

However, personally, I'm more intrigued by Tesla's product mix and the new projects they're working on. That's where the real story is. And I think this comeback is just the start of that.

注释

Ladies & gentlemen... Tesla just flipped green on the year. Whoa. Congrats to the dip buyers.