Tesla Stock: Consider Buying Before The Upcoming Robotaxi AI Event
Summary
- Tesla, Inc.'s stock struggles due to overvaluation, declining margins, executive departures, and Elon Musk's overwork and behavior, but AI and Robotaxi could drive future growth.
- Tesla regained its EV leadership in Q1 2024, surpassing BYD Company, with stabilized operating margins and record energy business revenues.
- The upcoming Robotaxi event on October 10th, 2024, is crucial for Tesla, potentially unlocking a multi-trillion dollar AI opportunity.
- Lower interest rates and the AI boom present a significant upside for TSLA shares, making it a strong buy with 1.5 to 2x potential over 12 months.
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Tesla, Inc. (NASDAQ:TSLA) is an interesting company that features several disruptive technologies all in one: electric vehicles ("EVs"), artificial intelligence ("AI"), solar energy storage, and Bitcoin ("BTC-USD").
In my previous Tesla article, I mentioned that Tesla was no longer the
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