Why Tesla Stock Is in BUY Territory Right Now
Overall Thesis
Bhakdi doubles down on Tesla at current prices despite today's 23% global EV sales drop because the market's modest 2% reaction confirms bullish sentiment on AI/FSD progress. Tesla remains in his 410-470 trading channel with no major Q4 catalysts expected. He maintains Tesla as his top pick with best risk/return in the market, though Meta is creeping up to a top-3 position after yesterday's AI news.
Narratives
Bhakdi doubled down on Tesla today - today's modest 2% drop despite 23% global EV sales decline confirms bullish sentiment. Tesla remains in a 410-470 trading channel with no major Q4 catalysts expected in either direction. FSD 14 breaking safety records, Tesla expanding FSD to Korea and Germany, Vanguard added 1 million shares, and XAI/Tesla convergence story remain bullish. Tesla remains Bhakdi's top stock pick.
Key Arguments
- Q3 EV sales drop was pre-announced via expiring $7,500 tax credit - already priced in
- Stock only 2% down vs 23% sales drop - market is bullish
- Tesla remains the number one brand in EVs in US; Model Y still number one searched EV in China
- Model Y L (long version) still sold out in China with long wait times
- FSD 14 breaking safety records with dramatic decreases in interventions
- FSD expanding to Korea and Germany (hiring vehicle operators in Rhineland-Palatinate)
- Vanguard added 1 million Tesla shares
- Elon hinted at company convergence with xAI - 'anyone can buy Tesla stock now and come along for the ride'
- Government shutdown ending relief for broader market
Meta just made an enormous announcement yesterday that will strategically change Meta's stance and capabilities (something called 'AI high'). Bhakdi is creeping Meta up to top-3 position - very risk-mitigated, not much downside, super low valuation. Dedicated video on Meta coming.
Key Arguments
- Enormous announcement changes Meta's strategic stance and capabilities
- Very risk-mitigated with not much downside
- Super low valuation
- Top three stock on Bhakdi's list after Tesla