TSLA bullish call by Jo Bhakdi

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“I do think we have a pull continuing into Thursday with a medium conviction.”

Thesis at the time

Mixed

Joe is tactically cautious in the very short term due to Fed rate-hike risk and the uncertainty of the Thursday Cybercab robotaxi launch, having recently taken profits and only partially re-entered. However, he remains extremely bullish long-term, citing VIN-number evidence of 2,000+ deployed Cybercabs and a belief that the market underestimates the robotaxi/Optimus rollout.

Key arguments

Tesla has begun deploying dozens of driverless Cybercabs in Austin, which he views as a bullish signal
VIN number data suggests over 2,000 Cybercabs already exist, more than the market realizes
The main scheduled macro risk (Fed governor speech) has passed and the market absorbed it without crashing
He believes a rapid, large-scale Cybercab rollout on day one would be operationally reckless, so he expects a slow initial ramp
Long-term, he sees robotaxi as the near-term 'cash flow winner' and Optimus as the next major value driver

Counter-arguments acknowledged

Risk of a classic 'buy the rumor, sell the news' reaction after the launch event
Market may not appreciate a small initial fleet size (e.g., only 20 vehicles) and could sell off anyway
Fed meeting in mid-September remains a scheduled macro risk

Hedges and caveats (from the video)

Creator acknowledges taking profits and deleveraging due to concerns about market setup
Uncertainty about whether Cybercab launch will surprise to the upside
Mentions previous launch disappointment that hurt the stock
References September as statistically volatile month
Fed meeting uncertainty in mid-September creates near-term risk
Creator states 'bigger fears did not be' (transcript cuts off, suggesting unresolved concerns)