Tesla Q3 Preview: What To Focus On And What To Overlook (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• I missed the forest for the trees when I had a bearish view on Tesla. I assessed the robotaxi business in a very myopic way.
• The reality as I see it now is that TSLA's robotaxi rollout is on track, with public launches and regulatory approvals.
• Short-term regulatory and competitive hiccups in the robotaxi business are rather immaterial so long as TSLA progresses toward the end goal of unlocking this trillion-dollar opportunity.
• The Q3 print may have automotive margin pressure, which is likely to continue into Q4 as EV credits fall off. But again, don't focus too much on the automotive business.
• TSLA stock's valuations make sense if we look at the value potential in robotaxis and humanoid robots. The technicals also align bullish.

Read the full article here.