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On July 2nd, I recommended Tesla as a buy at $171.12, even after Wells Fargo downgraded the stock. For those unfamiliar, this downgrade blocked thousands of financial advisors from buying Tesla in their managed accounts, effectively triggering selling pressure. But here’s the reality: when large institutions are wrong, they can be very wrong, and this was a moment to act.
This wasn’t just a buy call. It was an opportunity to invest in a company that’s changing the future of transportation and energy. My excitement for Tesla goes beyond cars; it’s about what’s possible when vehicles communicate with each other and when solar energy can be stored efficiently. I believe we’re moving towards a time when every car on the road will be connected, able to pick up and drop off passengers seamlessly without the constraints of traditional rail systems. And with enough solar energy available each day to meet all our power needs, Tesla’s work in solar cells and batteries is paving the way to store this power for nighttime use.
In a recent three-part series on the Thriving Asset Management YouTube channel, I dig deeper into Tesla’s potential, covering both fundamental and technical analysis. Here’s a glimpse of what you’ll find:
Part 1: Why Wells Fargo Missed the Big Picture
Tesla isn’t just a car company; it’s a robotics, software, and AI powerhouse. For instance, technology
developed by SpaceX often finds its way into Tesla products, creating synergies that give Tesla a unique
edge. This multi-layered approach means Tesla isn’t limited to just one industry—its technology can
impact numerous sectors in ways that are difficult to quantify on a balance sheet.
Part 2: Analyzing the Fundamentals and Technicals
Tesla’s fundamentals are a fascinating mix. Beyond their cutting-edge electric vehicles, they’re tackling
energy storage with solar and batteries, autonomous driving with AI, and even robotics. On the technical
side, Tesla’s recent decline created an entry point. By understanding both the fundamentals and the
technicals, we took a position at $171.12, leveraging a significant discount during the sell-off.
Part 3: Seizing Opportunities Others Overlook
Tesla’s rebound has brought the current share price to $244.50. This is a prime example of how we
capitalize on market inefficiencies and look beyond the headlines. In an uncertain market, you need
someone who sees what others miss.
Are you feeling unsure about where to invest? If you’re looking for a guide through the confusion, lets
talk. Email us to set up a free 30-minute consultation. I’ll show you how we look beyond the surface and
identify opportunities that others might overlook (info@thrivingam.com).
And don’t forget to subscribe to our YouTube channel, Thriving Asset Management, for regular updates
and insights you won’t find anywhere else.
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Private Wealth Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. Comments concerning past performance are not intended to be viewed as an indication of future results.